logo

Entrepreneurship & Small Business Management : Doc

   

Added on  2020-09-17

17 Pages4308 Words90 Views
Entrepreneurship
 | 
 | 
 | 
ENTREPRENEURSHIP ANDSMALL BUSINESSMANAGEMENT
Entrepreneurship & Small Business Management : Doc_1

TABLE OF CONTENTINTRODUCTION...........................................................................................................................................3TASK 1 .........................................................................................................................................................3P1 Types and meaning of entrepreneurial ventures and their scope and typology.................................3P2 Similarities and differences in entrepreneurial ventures and their roles and characteristics in micro,small and medium...................................................................................................................................4P3 Impact of small and micro business on economy and their local, regional, national and international impacts...............................................................................................................................5P4 Importance of small business and start-up of businesses on the growth of the economy.................6Task 2..........................................................................................................................................................7P5 Characteristics, traits and skills of successful entrepreneur...............................................................7P6 Entrepreneurial personality reflect motivation, mindset and their upbringing, lifestyle, cultural differences and other drivers of factors..................................................................................................8P7 The risk and rewards of business startups and barriers from persons background and past experience. .............................................................................................................................................9CONCLUSION...............................................................................................................................................9REFERENCES..............................................................................................................................................11
Entrepreneurship & Small Business Management : Doc_2

INTRODUCTIONEntrepreneurship means to carry a business with new ideas and innovations in it in order to earn profit. As being a senior member of small federation business including the meaning of entrepreneurship, the tactics to promote positively in local area is detailed in this report. Also, different types of entrepreneurial ventures and they relate to typologies with scope are explored. Characteristics and objectives of private, public and social in small, medium and micro size are detailed with the impact on local, regional, national and international. Importance of small business for economic growth has been detailed. Beside this, characteristics, skills and traits of entrepreneurs with barriers and risk and reward of start-ups.TASK 1 P1 Types and meaning of entrepreneurial ventures and their scope and typology.Meaning of entrepreneurial ventures: Equal importance is carried by both the small and large businesses in the economy, but there are an entrepreneurial venture which is described in this report with scope and typology. The entrepreneurial ventures id differentfrom regular business and it gets highlighted by its components, aspiring the needs of the entrepreneurs. An individual dares to start up a business or business which is involved with hidden risks and rewards and the individual takes solely responsibilities for uncircumstances that to be faced are known as ventures (Mariotti and Glackin, 2014). These ventures are also called an entrepreneurial venture. Entrepreneurship in small businesses is widely expanded in nation of UK which boost their GDP and growth of the economy.Typologies of entrepreneurship: To describe about the classification that are based in regardless are known as typologies. Ventures of entrepreneurs any how influence the activities of entrepreneurs. Understanding the activities that are of different types is known as entrepreneurial ventures which have many advantages to follow on career. For different activities' organization performs differently to achieve the desired results. This different activity encourages entrepreneurs to get motivated to try new aspects with
Entrepreneurship & Small Business Management : Doc_3

effective performances. For the development of typology, research of empirical is provided by archetypes which are tool for only activities that should be included. Wide range of activities is involved in entrepreneurship with different types are known as typologies of entrepreneurship. The following are the typology of entrepreneurship are small business, scalable start-ups entrepreneurship, large company entrepreneurship, and social entrepreneurshipScope of entrepreneurship: The scope of entrepreneurship is very wide as it present the ideas and expansion for the growth of the business in the nation of UK, the small business are elaborated widely and entrepreneurs earn huge profit out of it. The nation of UK is mostly developed with the help of small business and businesses (Schaper and et.al., 2014). As the small business helps the nation in terms of encouraging employment opportunities, the scope of the small business and businesses are widely expanded in terms of compari9ng to large business. They are growing well, and with the growth of thebusiness they are profiting financially towards the economy. Comparing to the large entrepreneurship, the scope explores in small businesses as there are less involvements and interference of others. The individual solely and wholly takes the responsibilities of risks and rewards that are going to be incurred in the business. There are certain examples of small business and businesses that are to be mentioned in this report with focusing on it P2 Similarities and differences in entrepreneurial ventures and their roles and characteristics in micro, small and medium.ENTREPRENEURIALVENTURESSIMILARITIES DISSIMILARITIESPublic entrepreneursBased on work place ethics, honesty are similar in functioning of private enterprises. There are involvement of large number The affairs are control by government.This is kind of partnership entrepreneurship business owners.
Entrepreneurship & Small Business Management : Doc_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Entrepreneurship and Small Business Management
|12
|3898
|87

Small and micro businesses impact on economy
|12
|3233
|28

Entrepreneur and Its Work
|16
|5160
|65

Entrepreneurship and Small Business Management
|11
|2510
|67

Entrepreneurial Ventures and Their Impact on the UK Economy
|19
|5476
|485

Entrepreneurship And Small Business Management - Assignment Sample
|17
|5147
|177