Entrepreneurship: Types of Ventures and their Impact on Economy

ENTREPRENEURSHIP

Table of Contents
INTRODUCTION...........................................................................................................................1
LO 1.................................................................................................................................................2
P1 Discuss the several ventures of entrepreneur in realtsion with entrepreneurship typology. . 2
P2 Evaluate the several difference along with similarities in the entrepreneurial ventures. ......4
M1 Diverse range in ventures of entrepreneur ijn order to have proper understanding in public
and corporate sector.....................................................................................................................4
D1 Critically have examination of scope, development along with growth in ventures of
entrepreneur.................................................................................................................................5
LO 2 ................................................................................................................................................5
P3 Discuss and interpretative relevant data along with statistics towards the impact on
economy in terms of ESME........................................................................................................5
P4 Small business importance along with business start-ups in order to have growth over the
social economy.............................................................................................................................7
M2 Differences between the small, medium and large enterprises along with relevant data and
statistics........................................................................................................................................8
D2 Critically have examination of the impact of small businesses on different levels of
economy in international context................................................................................................9
LO 3.................................................................................................................................................9
P5 Have the differentiation of business manger in terms of entrepreneur in Characteristics,
traits and skills.............................................................................................................................9
P6 Assess how entrepreneurial personality have the reflection over motivation and mind-set of
entrepreneur...............................................................................................................................11
M3 Explore and examine different lines of argument relating to entrepreneurial characteristics
....................................................................................................................................................11
D3 Analysis variation of characteristics trait along with skills and motivational drivers of
successful entrepreneurs ...........................................................................................................12

LO 4...............................................................................................................................................12
P7 with the use of relevant examples explain how background and experience can impact in
the hindrance and fosterer in entrepreneurship ........................................................................12
M4 Analysis link in between entrepreneurial characteristics along with having influence of
person background and its experience to specific successful entrepreneurs.............................13
D4 Critically evaluate how background along with experience influence entrepreneurs both
positive and negative with comparison and contraction...........................................................13
CONCLUSION..............................................................................................................................14
REFERENCEES............................................................................................................................15

INTRODUCTION
Entrepreneurship is termed as process in which new business run on small business with
designing, launching and running. People who creates businesses are known as entrepreneurs. In
other words, capabilities which develops, organises and manages in business to make higher
profit. In this regard, entrepreneurship pursuit with opportunity beyond resources that are
controlled by people
Present report is based on different kinds of entrepreneurial venture which is successfully
develop effectiveness. In this regard, Mckinsey & company also deal in entrepreneurship in
successful manner.
In this consideration, present report different kinds of entrepreneurial ventures and its
typology relate with successful entrepreneurship. Furthermore Moreover, report interpret and
assess relevant data and statistics which create impact on economy of micro and small business.
In addition to this, it analysis importance of small business and start-up business that make
growth of social economy. There are characteristics traits, skills and of successful entrepreneurs
which differentiate from other business managers. At last, examples provided which examine
how background and experience which can hinder and foster entrepreneurship.
1