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(solved) Entrepreneurship Assignment Report

   

Added on  2020-06-04

15 Pages4255 Words35 Views
ENTREPRENEURSHIP

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Entrepreneurial venture and its relation with different typologies of entrepreneurship.......1P2 Similarities and differences of various entrepreneurial ventures...........................................3TASK 2............................................................................................................................................4P3 Assessment and interpretation of data to analyse micro and small-business impact on theeconomy......................................................................................................................................4P4 Importance of small-business or start up in social economy.................................................7TASK 3............................................................................................................................................8P5 Determination of characteristic, traits and skills of successful entrepreneurs.......................8P6 Identify various aspects of entrepreneurial personality.......................................................10TASK 4..........................................................................................................................................10P7 Background and experience that can foster entrepreneurship.............................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONEntrepreneurship is stands for creating, designing or include concept of running smallbusiness enterprise. Person who made an effort to establish and running company is known asentrepreneur (Entrepreneurship. 2017). Such person is responsible to take effective decision inorder to sale goods and services in across the national boundaries for the purpose of earn hugeprofit. In this project will discuss about different types of entrepreneurial ventures as well asrelate them with typology. Also relevant data or statistics mentioned for analyse impact of microand macro on economy. Requirement of skills, knowledge and work experience for successfulentrepreneur (Drucker, 2014). Mind-set and personality of each person is different from otherswhich is also define under this report. TASK 1P1. Entrepreneurial venture and its relation with different typologies of entrepreneurshipEntrepreneurship is defined as the process in which includes designing, launching andrunning a business to offers a products and services for selling purpose. Any person who starts orcreate the business is called entrepreneurs. It is described the abilities, capacities and willingnessto starts, develop, organize and manage a business venture by taking any kinds of risks andmaking profits. It typically focusses on the launching and running of businesses and they have toface several kinds of problems as in this involves high risk when launching start-ups, lack offunding, economic crises, lack of market demand and many more during the business.Entrepreneurship includes various procedures for identifying opportunities and evaluating themin suitable way as well as make decisions to exploit opportunities by producing new productsand services or launch new industry so that wealth can be created. There are 4 types ofentrepreneurial ventures and these are as follows:Small-scale enterprises: When a person starts on small level businesses such as journalstores. Grocery stores, tour and travels agencies, internet commerce store fronts, electricians,carpenters, plumbers etc. they start and run their own business. In this consider the smallbusinesses where one or more individuals comes with ideas, plans, some resources to start theirown venture at small level as the invest with expectations of generating profits and incomes andrun their business.1

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