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P1. Types of Entrepreneurial Venture and their Interrelation with Typologies

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Added on  2020-10-22

P1. Types of Entrepreneurial Venture and their Interrelation with Typologies

   Added on 2020-10-22

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Entrepreneurship
P1. Types of Entrepreneurial Venture and their Interrelation with Typologies_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Types of entrepreneurial venture and their interrelation with typologies........................1P2. Similarities and difference between entrepreneurial venture...........................................2TASK 2............................................................................................................................................4P3. Impact of micro and small businesses on economy.........................................................4P4. Contribution of small businesses toward the growth of social economy after Brexit.....6TASK 3............................................................................................................................................7P5. Characteristics, traits and skills of successful entrepreneurs...........................................7P6. Role of personality in reflecting motivation and mindset of entrepreneur......................9TASK 4..........................................................................................................................................10P7. How background and experience can hinder or foster entrepreneurship.......................10CONCLUSION.............................................................................................................................11REFERENCES..............................................................................................................................12
P1. Types of Entrepreneurial Venture and their Interrelation with Typologies_2
P1. Types of Entrepreneurial Venture and their Interrelation with Typologies_3
INTRODUCTIONEntrepreneurship refers to the process of setting up a business by bringing up a new orinnovative idea that help in satisfying the needs of customer ion most appropriate manner. Smallbusinesses enterprises support in economical growth and development within a country. Thisreport is about the importance and contribution of small businesses in improving the economicalcondition of country (Blackburn, Hart and Wainwright, 2013). This report describes about thetype of entrepreneurial venture and their relation with typologies along with similarities &differences posses by them. Further it describes about impact of small business over economyand their contribution in economical growth after Brexit. In addition to this it also explains theskills and traits of successful entrepreneurs and impact of personality over their mindset. At lastit describes about the way in which background or experience of a person hinder and fosterentrepreneurshipTASK 1P1. Types of entrepreneurial venture and their interrelation with typologiesEntrepreneurship refers to the process of developing, organising and managing a businessventure by considering all the financial losses and risk of failure. An entrepreneur refers to aperson who have the potential to bring new and innovative product or services to marketplace.Entrepreneurial venture plays an essential role in growth and economical development of acountry. There are various types of entrepreneurial venture operates in business environment thatarea different in term of their operations & objectives but contribute toward the economicaldevelopment of nation. Following are the types of entrepreneurial venture: Small business enterprise:- It refers to the type of entrepreneurial venture which isoperated by the a single individual and hire only local employees or family members.They setup their business with an aim to earn their livelihood and fulfil the basic need oftheir family (Bridge and O'Neill, 2012). Main sources of fund for small entrepreneurs arepersonal fund or loan taken from friends and relatives. Scalable start-ups:- These type of entrepreneurs set up their business by bringing somenew or innovative product to market with an aim to change the world. Scalableentrepreneurs always seeks for new opportunities present in market and by identifying1
P1. Types of Entrepreneurial Venture and their Interrelation with Typologies_4

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