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Report on Personality Traits, Difference in Small Scale and Large Enterprise

   

Added on  2020-06-06

13 Pages4079 Words64 Views
ENTREPRENEURSHIP

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of entrepreneurial ventures and their relation with typology........................1P2 Similarities and differences between entrepreneurial ventures.............................................2TASK 2............................................................................................................................................3P3 Relevant data to understand impact of small business on economy......................................3P4 Contribution of small businesses and start ups on social growth..........................................4TASK 3............................................................................................................................................5P5 Traits and skills of successful entrepreneurs.........................................................................5P6 Aspects of Entrepreneurial Personality..................................................................................7TASK 4............................................................................................................................................8P7 Ways in which background and experience hinder and foster entrepreneurship...................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONEntrepreneurship is a process of running a business enterprise and owner of this firm isdefined as entrepreneur. Different idea of entrepreneur is used in manufacturing different goodsand services as well as in delivery of items and facilities. These thought processes are mostuseful in getting competitive advantages at marketplace in industry.Q5 Partners are company thatprovides solutions of business problems and was born in the tear 2009. This enterprise is arespond to business challenges and these solutions are provided to make enterprises future ready(Drucker, 2014). TASK 1P1 Different types of entrepreneurial ventures and their relation with typologyMain concern of any entrepreneur is that he kept a sufficient number of employees in hisenterprise to conduct business operations in most efficient manner so that all targets could getachieved in set time frame. This action is helpful in achieving better competitive benefits. Beloware some ventures that are associated with self-employment. Small Business Enterprise: These are little firms that are started by single people to takeprofits from their undertakings. For examples, carpenters, grocery shops, consultants, plumbersetc. These people done their business operations to fulfil requirements of their family members. A small business enterprise has interconnection with other existed typology firms.Business people are those who put efforts in operation conductions to gain higher market sharein industry. Main motto of providing unique products and services to attain highest satisfactionof customers regarding items and facilities. Profit and loss generated by these small firms areborne by entrepreneur because these ventures are autonomous in nature. Therefore, enterprise'sowner is liable for taking risks and conducting operations (Kirzner, 2015).Scalable start – up entrepreneurship: These are venture that are grown up as timepasses. When a person conducts these kind of organisations then owner has many option togenerate funds requirements. Major goal of these enterprises are to improve society. Each andevery enterprises are required sufficient funds in order to fulfil all business requirements butthese firms are associated with high risk and that is why every person is not able in running thiskind of associations. 1

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