Entrepreneurship and Small Business Management

ENTREPRENEURSHIP
AND SMALL
BUSINESS
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................4
Task 1...............................................................................................................................................4
P1 Different types of entrepreneurial ventures and typology of entrepreneurship.....................4
P2 Similarities and differences between entrepreneurial ventures.............................................6
Task 2...............................................................................................................................................7
P3 Interpretation of statistics for showing impact of micro and small business on the economy
.....................................................................................................................................................7
P4 Importance of small businesses and business starts-ups in growth of social economy.........8
Task 3...............................................................................................................................................9
P5. Determine the characteristics traits and skills of successful entrepreneur that differentiate
them from other business manager.............................................................................................9
COVERED IN PPT.........................................................................................................................9
P6. Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation
mind set.......................................................................................................................................9
COVERED IN PPT.........................................................................................................................9
Task 4...............................................................................................................................................9
P7. Examine by using relevant examples how background and experiences can hinder or
foster entrepreneurship................................................................................................................9
COVERED IN PPT..........................................................................................................................9
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Entrepreneurs these are those persons that has been implemented in relation over different
ideas that has been formed in order to created satisfaction which uplifts demand over population
and earns profit. Such persons plays very effective role and acts as backbone of existing
economy through which operations of business operates in possible manner. These operations
helps in generation profit with revenue in relation over economic condition within a country.
Also entrepreneurs improves standards of individual living within society. Organization opened
by entrepreneur is based upon small, medium and large businesses by contributing towards
development of economy existing within a country. This report explains about different ventures
with interpretation of relevant statistics done in order to show growth of business start ups.
Further characteristics and skills of successful entrepreneur is been discussed. In the end aspects
based over entrepreneurial aspects is been covered that is reflected in relation over
entrepreneurial motivation with experience of entrepreneurship is explained.
Task 1
P1 Different types of entrepreneurial ventures and typology of entrepreneurship
Entrepreneurship is been considered as the process which makes establishment of business
through accepting risk in association over profit generation. Entrepreneurs are those persons that
holds responsibility over management of business which makes growth of it possible within
market. These accepts risks of all kinds with motivation related to profit earning(Zhu, Kara and
Zhu, 2019). Certain entrepreneurial has been explained as follows:
Small Scale Enterprise
Large Scale Enterprise
Scalable Enterprise
Social Enterprise
Small Scale Enterprise: Under small scale businesses within which the owner is sole
proprietor in order to meet basic expenses. Entrepreneur only engages with one or two workers
that involves family members or staff over conducting small activities. These kind of enterprises
develops scales in relation to operations that is been conducted at small based level. These
4