Entrepreneurship and Small Business Management

Entrepreneurship and
Small business
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
P1. Different types of entrepreneurial ventures and typology of entrepreneurship. .............1
P2. Difference between a small business and entrepreneur ventures. ...................................2
P3. Interpretation and assessment of data explaining about its impact small business upon
economy.................................................................................................................................4
P4. Discuss the benefits of start-ups & small businesses for the growth of social economy. 6
P5. Illustrate about skills and characteristic of any two entrepreneurial within comparison
towards other business managers. .......................................................................................7
P6. Illustrate about entrepreneurial personality reflect about entrepreneurial motivation. . .8
P7. Discuss the background and experience can hinder or foster of enterprenuer. ...............9
CONCLUSION..............................................................................................................................11
References:.....................................................................................................................................12

INTRODUCTION
Entrepreneurship is define a form of creation and implementation of new ideas that
enhance to reflect some unique business point of view. It is generally a risk involved which
states that how business is get started effectively (Coad and Storey., 2021). Entrepreneurs is an
individuals who have high competence to form a new business which is help to bear most of the
risk and enjoying most of rewards. The process which involves setting up business that is known
as entrepreneurship. In this following report, there is scenario regarding with Oldham angels
which is an investment firm and that helps to start a new business for specifically they need
secure their loan within angel investors. As per the topics are covers in this following report
examine different types of entrepreneurial ventures along with their typology, difference and
similarities between entrepreneurial venture. Highlight about any two specific entrepreneurs who
are creates benchmark in their professional field. And how experience and background makes
impact on their entrepreneurial careers.
MAIN BODY
P1. Different types of entrepreneurial ventures and typology of entrepreneurship.
The entrepreneur are the most innovative and having different mind set to implement
their vision. The reason of having this kind of mind set is because entrepreneurs are not only gain
profits but also creates impact on economic and society. Entrepreneurial ventures are the
business which is set up by the entrepreneurship venture are the business which is establish by
entrepreneurs to gain more profitability (de Gortari and Santos, 2020). According to the motive
of entrepreneurial venture have their own vision for which they are formed through
enterprenuers. These are various types of entrepreneurial ventures which are segments basis of
their services, size, scope and purpose.
Different types of entrepreneurs
Small entrepreneurship: In this type of business where firms are mainly generate funds
by the family members, friends, their personal savings or enhance small enterprise loans. For
example like stores, carpenters, travel agents, store fronts or others. As per the movement
towards their success is just to gain enough profit.
1

Social entrepreneurship: It is the form hybrid and non profit link business organisation it
is the main emphasis is an development of new items or services based on to competitors which
better identification of social needs or problem.
Large company entrepreneurship: As per the large enterprises offers latest items or
services based on consumer preferences, laws and regulation along with new competitors etc.
They launches different types of variant which main offering creates new benchmark towards
business environment or competitive market.
Typologies of entrepreneurship's
In the areas of entrepreneurship where the concept of typology which considered where
different specification entrepreneurship (Ghafar, 2020). It is below mentioned about different
four typology of enterprenuers are as follows:
 Innovative Entrepreneurs: It is form of enterprenuers are the ones who invest their own
innovative ideas through, methods, process of manufacturing or design of new product
which would create high impact on market effectively (Ibouder, Fayolle and Louitri,
2021). For example: Tesla is one of most innovative firm where Elon Musk is a
personality of Innovative entrepreneur where he brings electric vehicles innovation for
reduce pollution with an economic perspective.
 Imitating Entrepreneur: This is define about those enterprenuers who are quickly copies
the new inventions which are being made by others. They can easily look into such areas
where there are resources not having full capacity due to which better new invention
introduced. For example: Jeff Bezoz creates E-commerce websites which consists better
platform where customer can buy their own product and services as per their own choice.
P2. Difference between a small business and entrepreneur ventures.
Basic of Difference Small Business Entrepreneurship
Venture
Meaning These type of venture consists to
arrange funds by entrepreneur
family member and they not invest
high rate of capital.
It is better recognise where
a new entrepreneurial
scope of within the market
effective market.
Objectives This is sole of objectives of On the basis of main
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