Limited-time offer! Save up to 50% Off | Solutions starting at $6 each  

Entrepreneurship Characteristics - Doc

Added on - 23 Nov 2020

Trusted by +2 million users,
1000+ happy students everyday
Showing pages 1 to 4 of 14 pages
ENTREPRENEURSHIP
Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1P1 Different types of entrepreneurial ventures......................................................................1P2 Similarities and differences between entrepreneurship ventures......................................3LO2..................................................................................................................................................4P3 Micro and small businesses impact on the economy........................................................4P4 Importance of small business enterprise and business start up to the growth of socialeconomy in the UK.................................................................................................................5LO3..................................................................................................................................................6P5 characteristics and traits of skills of the two entrepreneur associated with case studies.6P6 Entrepreneurial personality and entrepreneurs reflect their entrepreneurial motivation andmindset:..................................................................................................................................8LO4..................................................................................................................................................9P7 Different environments factors that foster or hinder entrepreneurship.............................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONA successful entrepreneurship is a method to generate new ideas and innovation fordevelopment. This is an effective way to create business strategies and plans to enhance business inall over the world. The entrepreneur plays an important role for growth and development because itwill establish small and large business that would be helpful for economy. The great entrepreneur isalways innovating a new idea and innovation to achieve their goals and task.It will identify business planning and different strategies that would be helpful to other people. Theeconomy is affected by medium and small business because it generates high revenue that isbeneficial for growth and development. Successful entrepreneurs understand the needs of a businessprocess and then plan a new approach. They are mainly focused to establish their micro and smallbusiness in other countries. This report will describe the characteristics, skills and traits of BillGates.LO1P1 Different types of entrepreneurial venturesEntrepreneurship is the best way to establish a new business in marketplace. Most of thesuccessful entrepreneurs create their own business that is already present like Microsoft. A greatentrepreneur, Bill Gates established his own company, which is a leading organization inInformation Technology. They also start their business in small scale and invest a low amount forgrowth and development. Initially, they faced many challenging issues but were never disappointed.They put many efforts to establish their business on the top level. In this way, there are varioustypes of ventures available in market on the basis community are given below:Small Business- Small business is playing important role for growth and development.They have many innovative ideas and thoughts helping to expanding the small business in all overthe world. This business will provide the best services to customers because there are generatinghigh revenue in market (McKeown, 2017). Entrepreneurs always execute new ideas or activities toincrease their growth and development. It is very helpful to enhance the best approache to develop astrong business. This organization is solved theproblem of communities and provide an effectiveenvironment effectively and efficiently. There are many types of small businesses already existsuch as electrical shop, travel agency, stationary and other retailers. small business is expandingtheir branches in other countries as well as different areas. They are very helpful for creating aneffective strategy for development.1
Scalable Start-Up Entrepreneurial Business-this business is newly established inmarket and industry. They have some specific goals to achieve their targets. They aremainly focused to achieve profitability and productivity in marketplace (Amatoandet.al., 2017). They launch a new product that would be beneficial for customers aswell as company because it increases profit. This is the best way to expand smallbusiness in a large marketplace. Today's world, the market trend is change accordingto the customer requirement. Therefore, customers are attracted to new schemes,products and many others. They have introduced a new technology and ideas tochange community effectively and efficiently. Every business is used a newtechnology for growth and development. Start up business is establishing in all areasbecause new technologies are applicable for each and every business. It is essentialpart of organization to planning a new idea to increasing their productivity inmarketplace. This business is invested a small fund for establishment because theyhave minimum employee working (Dees,2017). This organization is very helpful forgrowth and development in every areas. Most of the people should start theirbusiness in local areas and local authorities can be handle the business activities andoperations.Social Entrepreneurial Business-This business is very popular forcommunity because they provide the best services to people for welfare andcommunity. It delivers an effective products and services in market according torequirements of customers. There are many types of social industry already presentin such as healthcare services, enterprise sector, environmental and educations. Thisbusiness is developed mainly for social welfare and social development becausemost people have insufficient money and cannot afford secure lifestyle so that itprovides services to poor people. Social business is very important for welfare ofsociety. It is the best medium to those people who has improving their life style inproper way (Acsand Szerb, 2018). They are mainly focused to increase theirprofitability for people. They earning a money but applicable for people benefits andtheir career.Trading Entrepreneurial Business-this is mainly supply an effective productservices in market. They provide better services and goods to customer. They are2
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document