Entrepreneurship in Britain: Support, Hinders, and Role in Economic Growth

Running Head: ENTREPRENEURSHIP
Entrepreneurship
Report
Student Name
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ENTREPRENEURSHIP 1
Executive summary
This report is totally focused on the Entrepreneurship exist in Britain. It includes the support
which Entrepreneurship is getting from the Britain government and from the overall system of
Britain. It also focuses on the hinders created by this system for Entrepreneurship in Britain
along with the role of entrepreneurship in Britain in the terms of growth of Britain economy,
generation of job opportunity and bringing new technology. It also focuses on the geographical
development of Entrepreneurship in Britain in terms of global entrepreneur index which displays
the range of Britain in the world in terms of Entrepreneurship.

ENTREPRENEURSHIP 2
Table of Contents
Introduction.................................................................................................................................................3
Structure and system of U.K which supports and hinders Entrepreneurship...............................................4
Role of entrepreneurship in Britain.............................................................................................................5
Geographical development of Entrepreneurship in Britain..........................................................................7
Conclusion and Recommendation.............................................................................................................11

ENTREPRENEURSHIP 3
Introduction
As Britain has realized the real value of the Entrepreneurship in terms of economic growth, so
they have introduced reform schemes which can financially support these entrepreneurs because
in most of the cases it has been found out the even having better idea they were not able to
provide life to their ideas because of this capital shortage. Also, the image of the entrepreneur in
some case has been seeing negative in the eyes of British society which must be changed with
the help of education (Welter and Lasch, 2008). As per the study, it has been seen that
Entrepreneurship is playing a different role in bringing them up the overall development of
Britain in order to provide quality life to their citizens which is the first priority of every country
present in this world. As Britain is among one of the most resourceful countries in this world,
thus it can take benefit of that by initiating entrepreneurs from various parts of the world by
offering them trade visas. The British government has also introduced a cluster group which
involves people from all segment of business in order to provide necessary help to establish
entrepreneur environment in Britain (Mason, 2012). Entrepreneurship specifies abilities of
management, imagination, and originality in business. It is about supervision modification and
assertive things onward. Entrepreneurs are significant individuals who are able to lever
disagreement. They are ingenious in detection novel means to do things differently; they
absolutely see the hazards but heightened steadiness with the probabilities (Blackburn and
Smallbone, 2008). Primarily in the developing frugality, the entrepreneurs are undeveloped to
explore the reality of this dynamic business world.