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Entrepreneurship and Small Business Management

   

Added on  2021-02-20

13 Pages3417 Words428 Views
Entrepreneurshipand Small BusinessManagement

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Entrepreneurial ventures in relation to typologies.................................................................1P2. Distinction with similarities among ventures of entrepreneurship........................................3M1. Distinct entrepreneurial venture ranges for understanding entrepreneurship in varioussectors..........................................................................................................................................5D1. Growth, development addition to scope of ventures of entrepreneurs. ...............................5TASK 2............................................................................................................................................6P3. Data interpretation showing impacts of small businesses on economy. ...............................6P4. Importance of business start ups with small businesses on social economic growth............8M2. Differences between various businesses..............................................................................8D2. Small businesses impacts on distinct economic levels.........................................................9TASK 3............................................................................................................................................9Covered in PPT............................................................................................................................9Covered in PPT............................................................................................................................9CONCLUSION ...............................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONEntrepreneurship involves series of actions performed by an individual who visualize,builds and evangelizes idea into an business venture (Belz and Binder, 2017). These activities areusually carried out by an entrepreneur who combines passion, innovation addition to drive visioninto working business. These people plays important function in improving living standards ofsociety addition to creating wealth by initiating activities in competitive world. The report willillustrate numerous venture types which are considered as entrepreneurial. Further, it includessignificance of small businesses along with start ups in economy. In addition, the study will alsocover characteristic traits as well as traits within successful entrepreneurs and will assess keyaspects of mindsets of entrepreneurs. At last, it will examine the ways through which experienceas well as background will foster addition to hinder entrepreneurship. TASK 1P1. Entrepreneurial ventures in relation to typologies.Entrepreneurs:These are the persons who conceives idea, builds success path, performscomplex tasks to succeed as well as tried to dominate pertaining market. Entrepreneurs views theentire nation through distinct lens. Enterprise: It is defined as a new project or start up business where all productionfactors are organised together, operations are performed and commercial activities are carried outto gain huge profits.Entrepreneurial venture: The enterprises that are started and run by entrepreneurs so todeliver valuable and precious commodities in competitive market are termed to entrepreneurialventures (Various entrepreneurial ventures types. 2019). Some of the key entrepreneurialventures in which entrepreneurs gets engaged as elaborated:Small businesses entrepreneurship: In this entrepreneurship, activities are carryforwarded with limited resources with the objective to make some revenues so to feed householdmembers. Herein, local personnels are usually hired to run the business at small level. Some ofthe small businesses are plumbers, grocery stores, carpenters and hairdressers.Scale startup entrepreneurship: These ventures are started by entrepreneurs with thevision to change the nation. For this, venture capitalists are attracted for crazy investments. Best1

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