Entrepreneurship & Small Business Management

Entrepreneurship &
Small Business
Management

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY...................................................................................................................................4
TASK 1............................................................................................................................................4
P1: Analyses different types of entrepreneurial ventures and relation with typology of
entrepreneurship..........................................................................................................................4
P2: Explore the similarities and differences between entrepreneurial ventures..........................6
M1: Investigate different types of entrepreneurial ventures for understanding of
entrepreneurship in public and corporate sector.........................................................................7
D1: Critically examine the scope, development and growth of entrepreneurial ventures..........8
TASK 2............................................................................................................................................8
P3: Interpret with the use of relevant statistics and data to evaluate how small businesses and
micro impact on economy...........................................................................................................8
P4: Determine importance of start ups and small businesses for growth of social economy.. .10
M2: Evaluate the differences small, medium and large businesses with the application of
relevant statistics and data.........................................................................................................11
D2: Critically examine how small businesses have an impact on different levels of the
economy (local, regional, national) and in an international context.........................................11
TASK 3..........................................................................................................................................11
P5: Traits and skills of successful entrepreneurs......................................................................11
M3: Examine different lines of argument relating to entrepreneurial characteristics...............13
P6: Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation
and mindset...............................................................................................................................13
D3: Analyses of skills, traits and motivational drivers of successful entrepreneurs.................13
TASK 4..........................................................................................................................................13
P7: Examine how background and experience can foster entrepreneurship.............................13
M4: Analyse the link between entrepreneurial characteristics and the influence of personal
background and experience to specific successful entrepreneurs.............................................14
D4: Critically evaluate how background and experience influences entrepreneurs, both
positively and negatively, by comparing and contrasting examples.........................................14

CONCLUSION .............................................................................................................................14
REFERNCES:................................................................................................................................15
Books and Journals:..................................................................................................................15

INTRODUCTION
Entrepreneurship is the business activity that run by a person who has potential to handle
the risk. It is the most risky but profit given activity that perform by a entrepreneur. Generally
people want to do a job in reputed company, they don't want to run a business. It is the main
reason of not so much grow in their career (Ahmad, Bakar, and Ahmad, 2018). It is identify in
many states that entrepreneur get more success as compared to those person who is not capable
to perform entrepreneurship. So that's why it becomes very important for every person that they
think about new business with new innovative and creative ideas. Entrepreneur is the person who
has capability to bears the risk, accept challenges, run with new thoughts, make different from
others, etc. These activities make different from other person. They are the reason of small start-
ups and businesses which give a great contribution in to the economy. So that's why small
business is very important for success and growth of economy. In this context, Deloitte is
undertaken as a consultancy firm that provide right directions and information to individual as
well as firms. It is founded in London, 1845 by William Welch Deloitte. Deloitte conducting a
show of Small Business & Entrepreneur in this report. This report helps to analyse the impact of
small business and entrepreneur on economy.
MAIN BODY
TASK 1
P1: Analyses different types of entrepreneurial ventures and relation with typology of
entrepreneurship.
Entrepreneurship is very important for economy as it gives a great contribution in
economy. For development and growth rate of country, it is analysed that entrepreneurship and
small scale business are one of the important elements (Ahsan, 2020). So that's why Deloitee
conducting a show in which they focuses on creating and growing awareness of small business
and entrepreneurship. It is identified that there are many types of entrepreneurial venture are
present that mentioned below:
Small business entrepreneurship
It is the first type of entrepreneurship that focuses on small scaler business that means
those person who are not ready for taking higher risks. So that they adopt this type of
entrepreneurship. It includes small businesses such as hairdressers, plumbers, consultants, Local