Entrepreneurship and Pestle Analysis for Successful Business Launch in UK

Assessment 1
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK ..............................................................................................................................................3
Entrepreneurship is an activity of serving products by taking potential risk into market...............3
Pestle analysis to successfully launch new business in UK............................................................5
CONCLUSION ...............................................................................................................................7
REFERNCES:..................................................................................................................................8
Books and Journals:....................................................................................................................8

INTRODUCTION
The report aims to understand the current competitive environment of Covid-19 and its
impact on the Entrepreneurial opportunity. The business scenario is continuously undertaking
new ways of working due to rapid rise in technology and digital outlook. It takes a lot of new
ideas and creative concept to enter in new market and make business success. Due to this,
entrepreneurs needs to have potential skills and traits to look for market competition and come
upon with unique ideas and concepts. This essay is going to analyse the recent situation of the
UK market by analysing its macro factor (Aldrich, 2017). These factors impact on the business
decisions and entrepreneurs actions towards taking advantage. Therefore, the essay will present
Pest analysis to get insight about UK market in order to launch new business successfully.
MAIN BODY
TASK
Entrepreneurship is an activity of serving products by taking potential risk
into market.
Entrepreneurship is the concept of starting a new business by undertaking market
competition, resources and potential to satisfy customer needs and wants. Entrepreneurs are the
great leaders, inspiration and the one who is behind the success of some successful enterprises in
the whole world. These individuals are seeking opportunities in the market to get develop new
and unique concept. They are known as innovators, risk takers, motivators and creative thinkers
to carry out business activities to make it success on global level. There are various types of
entrepreneurship takes place in the business environment. They works on small, medium or large
level according to the capabilities to invest in the market (Chowdhury,Audretsch, and Belitski,
2019). An entrepreneur face many hurdles, obstacles and consequences while providing goods
and services across market. There are many crucial decisions which is need to take by these
individuals such as set appropriate plans for finances, established standards and ideas for
performing business functions, hire and train effective employees and be ready to face
uncertainties and risk in the new market. establishing a successful business is not an easy task as
it contains a lot of responsibility and continuous plans to secure present and future performance
of business (Bosma, Sanders, and Stam, 2018). The very first role of entrepreneur is to create