Entrepreneurship in UK

Running head: ENTREPRENEURSHIP IN UK
Entrepreneurship in UK
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ENTREPRENEURSHIP IN UK
Executive Summary
The primary purpose of this report is to throw light on the structures along with systems that
supports and hinders the aspect of entrepreneurship of a country. The report also elaborates
on the role played by entrepreneurship in UK. The report also talks about geographical
development in relation to entrepreneurship in UK. The report also provides the examples of
real-world examples pertaining to entrepreneurship in UK.

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ENTREPRENEURSHIP IN UK
Table of Contents
Introduction................................................................................................................................3
Structures and the systems in relation to Entrepreneurship.......................................................3
Role of Entrepreneurship in UK................................................................................................4
Geographical Development of Entrepreneurship in UK............................................................5
Real-world examples of entrepreneurs in UK............................................................................7
Recommendations......................................................................................................................8
Conclusion..................................................................................................................................9
References................................................................................................................................10

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ENTREPRENEURSHIP IN UK
Introduction
Entrepreneurship refers to process of the launching and running of a new business that
is often initially a small business. It is indicative of the capacity along with willingness of
developing and managing a business venture that can help a business in making profit. There
are high risks that are involved in launching start-up and a large part of the start-up business
have to close down owing to lack of the funding and the bad business decisions (Dees 2017).
An Entrepreneur has the ability of acting upon an opportunity that can help in translating
inventions into that of the new products. An entrepreneur is able to recognize commercial
potential in relation to invention and organize talent that can help in turning an invention into
that of a commercially viable innovation. An entrepreneur plays an important role in bringing
about the economic growth of a country and it can help in improving standard of living
within a country. The role of entrepreneurs revolves around setting up the new business along
with the industrial units that paves the path for infrastructure improvements. This report
discusses about the structure and the system in UK that can support or hinder the aspect of
entrepreneurship in the country. The report also elaborates on the geographical development
in relation to Entrepreneurship in UK. The report also provides the examples of real-world
examples of entrepreneurship within UK.
Structures and the systems in relation to Entrepreneurship
The government of a country should focus on growing the existing industries and start
building on their foundation along with skills that can help in encouraging the aspect of
entrepreneurship of a country. The private sectors should be engaged by the government from
start that can help in supporting the element of entrepreneurship of a country. The
government of a country having an anti-competitive culture can help in hindering the growth
of entrepreneurship in a country. The unfair taxation being removed in a country can be