Entrepreneurship Assignment Report (Doc)
13 Pages3690 Words436 Views
Added on 2020-10-04
Entrepreneurship Assignment Report (Doc)
Added on 2020-10-04
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Entrepreneurship and Small Business Management
Table of ContentsINTRODUCTION ..........................................................................................................................4P1. Explaining different types of entrepreneurial ventures and explaining different types ofentrepreneurship..........................................................................................................................4P2. Different types of entrepreneurial ventures with similarities and difference between publicand private: .................................................................................................................................5P3. Data shows the impact of micro and small business.............................................................6P4 . Importance of small business to help in the growth of economy.......................................7P5. Qualities to become a successful entrepreneurs....................................................................8P6. Different personality aspects which help in entrepreneurial motivation and it shaped infamily upbringing and lifestyle:..................................................................................................9P7. A person's background and past experience hinder and fostering entrepreneurship ...........9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTION Entrepreneurship is the process of renovating, drawing and designing all activity is donefor setting up the business and those person who done the process is known as entrepreneurs.This entire report is based on entrepreneurship and help to know different types of ventures anddifferent types of entrepreneurship. This report also depicts how small enterprises help in socialeconomy. This report also take an example of Bill Gates who is founder of Microsoft and how hebecame a good entrepreneur. For becoming a successful entrepreneur what qualities needed andthis report also interpret, access the impact of small business in the field of economy. This reportfocus that how a person became a good entrepreneur with the help of education, lifestyle andeconomic factors also. This entire report is based on the successful entrepreneur can help to givemotivation and mindset to run the business in better way and help to maximization of profit also.As an successful entrepreneur he must have leadership quality and can take good decision to takethe business in next further level. P1. Explaining different types of entrepreneurial ventures and explaining different types ofentrepreneurshipEntrepreneurship is the activity done while setting up the business and taking somefinancial risk. It is a combination of land, labour and natural resources with capital to produceand help in gaining more profit. Entrepreneurial spirit is recognised by the way of newinnovation and risk taking. But it is quite risky as there is no guarantee that the business willwork or not (Borissenko, and Boschma, 2017). To start the business, there is need of anentrepreneur and he is the person who takes the risk of its own to run the business with good aimof returning and gaining profit. He is the most important person who investigates newopportunities and techniques to achieve the targets and coordinate all the activities which help torun the business in the best way. On the other hand, intrapreneur is an employee who is hired forthe organisation to help in success and he is on paid wages. An entrepreneur uses his ownresources while an intrapreneur uses company’s resources. While establishing new company, andto renovate every one need entrepreneurs. . Entrepreneurs are independent while intrapreneursare dependent on the company.As entrepreneurs are quite busy people and they always plan for new product or nextproduct. As more and more product the entrepreneur will produce the more selling is donewhich help in profit maximization. As an entrepreneur, they always learn something because it
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