Entrepreneurship and Small Business Management

This report discusses different types of entrepreneurial ventures and their relationship with typology of entrepreneurship. It also explains the similarities and differences between various entrepreneurial ventures. The report covers topics such as small business enterprise, large business enterprise, social enterprises, scalable enterprises, lifestyle entrepreneur, social entrepreneur, survival entrepreneur, dynamic entrepreneur, growth in GDP, and employment opportunities.

Entrepreneurship and small
business management

Table of content
• Introduction
• Different types of entrepreneurial ventures
• Typologies of entrepreneurship
• Similarities of entrepreneurial ventures
• Differences in entrepreneurial ventures
• Conclusion
• References

Introduction
Entrepreneurship is the concept of establishing
and organizing enterprises ventures in order to
increase profit by taking various risks in
marketplace. In this report, different types of
entrepreneurial ventures and their relationship
with typology of entrepreneurship has been
discussed. The similarities and differences
between various entrepreneurial ventures has
also been explained in the following report.

Different types of entrepreneurial ventures
 There are several types of
entrepreneurial ventures that are
working in order to provide goods and
services to the customers.
Entrepreneurs are the owner of
entrepreneurial ventures and they invest
their time and money in order to start a
new venture.

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Small business enterprise
Large business enterprise
Social enterprises
Scalable enterprises

Different typologies of entrepreneurship
 Lifestyle entrepreneur
 Social entrepreneur
 Survival entrepreneur
 Dynamic entrepreneur

Similarities between entrepreneurial
ventures
 Growth in GDP: Entrepreneurial ventures provide growth in economy and contribute in the
GDP which helps the people of the country in which the company is working.
 Provide employment opportunities: Entrepreneurial ventures provide opportunities to people
for a stable employment. It will not only increase the disposable income of employees but will
also enhance the standard of living of people.

Differences between entrepreneurial
ventures
Basis Small entrepreneurs Large business
entrepreneurs Social
entrepreneurs Scalable
entrepreneurs
Size These are generally
working in domestic
markets and are
having lower level
of reach to the
potential audience.
These are business
having international
presence. They have
a wider reach to
potential audience
and are able to
capture new market
as well.
These types of
companies are
generally working
for some local cause
which is the reason
why the works in
domestic but
sometimes they also
have international
presence.
They have presence
locally as well as on
national level.

Differences between entrepreneurial
ventures
Employees They generally have
maximum 10
employees working
for the organisation.
They hire people from
local area and requires
bot skilled and
unskilled employees.
They generally tend to
have more than 500
employees. They hire
professional and
skilled employees who
can carry out work
effectively and
efficiently related to
international markets.
They hire volunteers
who are interested in
doing social work.
The generally provide
low wages to their
employees.
They are highly
innovative companies
and require employees
who can work in
continuously changing
environment.

Conclusion
From the above discussion it could be seen that different people have diverse ideas and point of
view in order to establish businesses in marketplace which further categorised entrepreneurial
ventures into various types. These enterprises are different from each other on the basis of size,
scale, employees appointed, etc. and they also posses some similarities in terms of dedication and
passion towards establishing company.

References
Dabić and et. al., 2020. Immigrant entrepreneurship: A review and research agenda. Journal of
Business Research, 113, pp.25-38.
Bögenhold, D., 2020. Self-employment and Entrepreneurship: Productive, Unproductive or
Destructive?. In Against Entrepreneurship (pp. 19-35). Palgrave Macmillan, Cham.
Ebrahimi and et. al., 2018. Impact of organizational innovation, learning orientation and
entrepreneurship on SME performance: The moderating role of market turbulence and ICT.
In Competitiveness in emerging markets (pp. 447-480). Springer, Cham.
Dias and et. al., 2019. Agricultural entrepreneurship: Going back to the basics. Journal of Rural
Studies, 70, pp.125-138.

Thank you