Entrepreneurship | Individual Report
Added on 2020-01-28
14 Pages4190 Words90 Views
Entrepreneurship
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................4P1Different types of entrepreneurial ventures............................................................................4P2Similarities and differences between entrepreneurial venture................................................5P3Impact of the micro and small business on economy.............................................................6P4How small businesses and business start-up will contribute to the growth of the socialeconomy......................................................................................................................................7TASK 2............................................................................................................................................8P5Charactersticis traits and skills of a successful entrepreneur..................................................8P6How entrepreneurial personality reflect entrepreneurial motivation and mindset..................9P7Person's background and past experience can hider or foster entrepreneurship...................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................11
INTRODUCTIONEntrepreneurship is a new business that can have define the new ideas and innovation tostart a business which can be determine the social and political factor that show the effectiveprocess to run the new business. Basically entrepreneurship start whit a small business to relatedto the start up organization to evaluate the effective target to provide a new product in marketwhich is called a entrepreneurs. It is a individual person who start a new business in effectivemanner to achieve appropriate goals and objectives (Raposo and Do Paço, 2011). It define risk aswell as uncertainty in the new business that can help to increase the development of the business.In business taking high risk is define high profitability in the business that can help to develop ofthe organization in effective manner. In entrepreneurship many people can give innovative ideasto run the business and define new idea which can help to determine the right way in theorgan9zation to achieve their target and increase their performance. It have to define how toreach in the last process to get effective success in the organization (Preuss, 2011). TheFederation of small businesses in UK is a small businesses that can be define the start-upbusiness in innovative process to develop the business. In the below mentioned report is definethe effective entrepreneurial ventures that can help to achieving their appropriate target.TASK 1P1Different types of entrepreneurial venturesEntrepreneurship is a process to introduce the new business with huge risk process todefine the target of the organization. It can be define the financial risk to evaluate the effectiveprofitability in the organization to reach their target (Nga and Shamuganathan, 2010). It is aeffective process of new business to define the effective idea to run the business and getappropriate goals. In another process of entrepreneurial venture is a individual person who isstart a new business with the help of limited and small term of resources to get effective result. Itcan be define the new idea, effective planing that can evaluated the start-up business it can behaving a risk and profit in the organization to improve their performance. There are four type ofentrepreneurial venture:Small business entrepreneurship- small business is basically define the small store, travelagent, electricians, plumber who is doing work in small scale business that can help to runbusiness in effective manner (Neck and Greene, 2011). It may be include their own family and
local employee to run the business to maintain their profit in loge time which is helpful in extendthe business.Scalable start-up entrepreneurship- it can be define the new and innovative idea to introducestart-up business. Federation small business can also determine the effectiveness in their businessthey can having risk to evaluate the profit. It is start-up process which is involved venturecapitalists to take financial term that can help to run business (Ligthelm, 2010). Large company entrepreneurship- large company entrepreneurship is a process to define theproduct life cycle which is show the product in different target which is introduction, growth,maturity and decline to get effective result. It can be define the customers taste according to theproduct and service so that they can provide effective service to the customers to get highersatisfaction and increase their productivity and profitability. It ca define the new strategy andtechnology to increase the sale of the company to achieve effective target which is grow thebusiness (Sampaio, Thomas and Font, 2012).Social entrepreneurship- Federation small businesses can be define the social entrepreneurshipwhich can be determine the effective innovator who is focus on the effective as well as creativeproduct and service to resolve their social needs and wants of the organization. Basically socialentrepreneurship is related to the social needs and wants and analysis the effective factor whichis define effective way to evaluate and increase their productivity as well as profitability (Lee-Ross and Lashley, 2010).Federation of small businesses can define the different typology of entrepreneurship:Trading entrepreneur- it can be define the finished product which is related to tradingprocess which is sale to the service user by the retailer. Trading entrepreneur have to determinethe wholesalers, dealers which is sell the product. Women entrepreneur- it cab be define as well as controlled by the women. It can bedefine the financial interest which is give to the women in a minimum rate of interest.Small scale entrepreneur- small scale entrepreneur include minimum investment that canbe involves plant and machinery up to rs 1.00 Crore to define the small business.Large scale entrepreneur- it may be include the investment of the plant and machinerywith rate more than rs 5.00 crore that have to be evaluate the large business to achieve largenumber of profitability (Islam and et.al., 2011).
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Entrepreneurship and Small Businesseslg...
|18
|5169
|23
Small Business and Entrepreneurship Impact on the Economylg...
|17
|5387
|127
Report on Types of Entrepreneurship Ventureslg...
|12
|3630
|29
Entrepreneur and Its Worklg...
|16
|5160
|65
Entrepreneurial Venturelg...
|16
|1045
|69
Report on Types of Entrepreneurs and Business Ventureslg...
|16
|4396
|132