Entrepreneurship and Small Business Management - Unit 9- Entrepreneurship and small businesses (P7)

This presentation covers the topic of entrepreneurship and small business management, specifically Unit 9- Entrepreneurship and small businesses (P7). It discusses the definition of entrepreneurship, the role of entrepreneurs, and how background and experience can impact entrepreneurship. The conclusion emphasizes the importance of focus and hard work in developing an entrepreneurial idea. References are included.

Unit 9- Entrepreneurship and small
businesses (P7)

Table of contents
• Introduction
• Background and experience of entrepreneurs
• Conclusion
• References

Introduction
Entrepreneurship is the process of formation
and development of a new enterprise along
with risk bearing factor for the purpose of
earning profits. An entrepreneur can be
defined as who owns and manages a business
entity, ready to take initiatives and risks
involved in the business in order to generate
profits.

Background and experience can hinder or
foster entrepreneurship
Mark Zuckerberg was born and brought
up in New York on 14th May 1984. he
was born in a well to do family with his
father being a dentist and mother being a
psychiatrist. Mark was interested and
passionate about programming from an
early age.

Background and experience can hinder or
foster entrepreneurship
Background: Bill Gates was born on October
28th 1955 to a lawyer. Gates parents wanted him
to made a career regarding law like his father.
He created its first software program at the age
of 13 years.
Experience: In 1975, gates founded a software
company called Microsoft along with his friend
Paul. Initially the company started delivery of
small software products to various companies
with the help of his mother.

Conclusion
It is concluded from this presentation that the entrepreneurship is a skill that
requires high level of focus as well as hard work. There are different factors
which are to be considered when developing the entrepreneurship idea which
includes size, type and the amount of capital invested.

References
• Doern, R and et.al.,2019. Special issue on entrepreneurship and crises:
business as usual? An introduction and review of the
literature. Entrepreneurship & Regional Development, 31(5-6), pp.400-412.
• Epifanova and et. al., 2015. Modernization of institutional environment of
entrepreneurship in Russia for development of innovation initiative in small
business structures. European Research Studies. 18(3).pp.137.
• Islam and et. al., 2011. Effect of entrepreneur and firm characteristics on the
business success of small and medium enterprises (SMEs) in Bangladesh.
International Journal of Business and Management. 6(3).pp.289.
• Kelley, D. J and et.al.,2012. Global entrepreneurship monitor 2011 global
report. Global Entrepreneurship Research Association, London Business
School. Positioning, penetrating, promoting. Edward Elgar Publishing.

Thank You