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(Solution) Entrepreneurship Assignment

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Added on  2020-10-04

(Solution) Entrepreneurship Assignment

   Added on 2020-10-04

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Entrepreneurship
(Solution) Entrepreneurship Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1: Different types of entrepreneurial ventures and diverse entrepreneurship typologies.........1P2: Similarities and differences between entrepreneurial ventures............................................3TASK 2............................................................................................................................................4P3: Impact of micro and small business on economy.................................................................4P4: Importance of small businesses and starts-ups in growth of social economy......................6TASK 3............................................................................................................................................7P5: Traits and skills of two successful entrepreneurs.................................................................7P6: Entrepreneurial personality reflects entrepreneurial motivation and mind-set.....................8TASK 4............................................................................................................................................9P7: Contextual and experience that can restrict and promote entrepreneurship ........................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
(Solution) Entrepreneurship Assignment_2
(Solution) Entrepreneurship Assignment_3
INTRODUCTIONEntrepreneurship may be defined as the willingness of starting a new business venturethrough taking risks with an objective of earning huge profits. An individual who has an abilityand skills to cope up with risk and manage business venture in an effective and efficient manneris called as an entrepreneur. Risk may be related with cost, time and equity etc. A new businessventure become more successful only if an entrepreneur have some unique and innovative ideathat easily grabs an attention of large number of customers. The main purpose of preparing thisreport is to identify the challenges and problems that comes in the process of starting a newbusiness venture. The project includes different types of entrepreneurial ventures and typologiesalong with their differences and similarities. In addition with this, the impact of micro and smallbusiness on economy are also discussed under this report. Along with this, skills and traits whichare essential to be present in an entrepreneur are also mentioned. Apart from this, all otheraspects related with entrepreneurship are also briefly summarised under this report (Ács, Autioand Szerb, 2014).TASK 1P1: Different types of entrepreneurial ventures and diverse entrepreneurship typologiesEntrepreneurship: It is the process of starting a new venture by an entrepreneur with thehelp of their specific traits and skills in order to fulfil the needs and requirements of customersand earn huge profits. The chances of achieving success are more if an entrepreneur have newand unique ideas and concepts that brings ahead than existing rivals present in competitivemarket. Starting a new business is not an easy task as it requires huge amount of resources suchas Land & Building, human capital, funds etc. which supports in operating business operations inmore successful manner.Different types of entrepreneurial venturesThere are maximum number of entrepreneurial ventures which are present in market andare started by an individual according to their capabilities and market environment. There aremainly four kinds of entrepreneurial ventures which are having different features as given below:Scalable starts-ups entrepreneurship: Such starts-ups involves more risk and profit thusminimum number of investors who wants to take high risk may show their willingness to invest1
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