Entrepreneurship & Small Business Management

Entrepreneurship &
Small Business
Management

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY...................................................................................................................................4
TASK1.............................................................................................................................................4
P1: Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship......................................................................................................4
TASK 2............................................................................................................................................7
Interpret and assess relevant data and statistics to illustrate how micro and small businesses
impact on the economy...............................................................................................................7
Explain the importance of small businesses and business start-ups to the growth of the social
economy......................................................................................................................................9
TASK 3..........................................................................................................................................10
P5. Determine the characteristic traits and skills of successful businessman that differentiate
them from other businessmen...................................................................................................10
P6. Assess how aspects of the entrepreneurial personality reflect mindset and motivation of
entrepreneurs.............................................................................................................................12
TASK 4 .........................................................................................................................................13
P7. Background and experience can foster and hinder entrepreneurship.................................13
CONCLUSION .............................................................................................................................14
REFERENCES:.............................................................................................................................15
Books and Journals:..................................................................................................................15
Online .......................................................................................................................................15

INTRODUCTION
Entrepreneur is someone who searched for an existing opportunity and then capitalize
upon the same in order to deliver goods and services which can live up to the expectations and
requirement of present day market trends and specifications. Basically these individual identify
the need and demand of the market and introduced their different business activities in order to
satisfy the discover needs(Acs and et. al., 2018) . They are responsible for performing all those
activities which help them in managing and run the business along with risk management which
brings drastic change in the economy. According to the types of business these are different
types of entrepreneurship has been seen in the economy. This report is going to give information
on the impact of Brexit on the small and medium enterprise of UK along with the impact of
different types of entrepreneurial venture on the economy of UK. This report also address the
impact of micro, medium, small and large enterprises. In addition to this, this report also
determine the different key factor of an entrepreneurial mindset along with the examination of
different environment which hinder or foster the entrepreneurship.
MAIN BODY
TASK1
Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship.
Entrepreneurial venture may be define as an organisation which pursues the different
opportunities and perform different activities in order to achieve maximum profit and sustainable
growth in the market. Different types of entrepreneurial venture has been discussed below:-
 Small business entrepreneurship: basically these are the privately owned business
which comprises sole proprietorship, corporation and partnerships. In the small business
enterprise the owner of the business posses limited number of resource like employee,
capital and many more. In the economy of UK Marshfield bakery is being considered as
one of the example of small scale business. This is a bakery shop which manges its
limited resources in a well effective manner(Brush and et .al., 2019).