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Research on Entrepreneurship - Report

   

Added on  2020-06-04

16 Pages4606 Words50 Views
ENTREPRENEURSHIP

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P 1 Different types of entrepreneurial ventures and their relation with typologies ofentrepreneurship.....................................................................................................................1P 2 Similarities and differences between entrepreneurial ventures........................................3TASK 2............................................................................................................................................5P 3 How micro and small businesses impact on the economy...............................................5P 4 Importance of small business and business start-ups in economy development..............7TASK 3............................................................................................................................................9P 5 Characteristics, traits and skills of two successful entrepreneurs....................................9P 6 Personality of entrepreneur act as a motivational tool...................................................10TASK 4..........................................................................................................................................11P 7 Background and experience can hinder or foster entrepreneurship...............................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONSmall corporations are those associations which are run and controlled by private firms,sole merchants and ventures having minimum employees with less turnover. One who run thoseassociations are known as entrepreneurs (What is Entrepreneurship?, 2017). In other words, itcan be said that entrepreneurs are those people who start any business either small or large ontheir own risk and are responsible for the losses as well as profit earned by themselves. It hasbeen observed that small business enterprise are contributing a lot in the economic developmentof a country. There are various types of entrepreneur that are offering employment opportunitiesto large number of local people of a nation. The present report is based on the entrepreneurshipwhereby similarities as well as differences between entrepreneurial ventures is described. Thishas been also explained how significant small business and business start-ups would contributein growing the social economy after Brexit. TASK 1P 1 Different types of entrepreneurial ventures and their relation with typologies ofentrepreneurshipEntrepreneurship: Entrepreneur is someone who used to sort out and deals with anytype of business specially a private venture commonly with impressive strides and hazards.Entrepreneurship is the study of both how new business are started and in addition to this the realsteps or procedure of starting an enterprise (Storey and Greene, 2010). The common ambition ofthese business visionaries is to make more and more profits by implementing proper measures.Entrepreneurial endeavours try to focus on providing consultative administrations tostarting and mid phase of the company. It is the use of approachable resources and planningeverything by taking care of facts and figures regarding risks and prizes of their organisation (forinstance, private, social and public ventures). This is only about the ideas of new world andimprovement in-spite of present plan of action. The parts of endeavours changes from time totime into different phases of system. Activities of entrepreneurship are required to be planned inan appropriate way otherwise risks may occur. Different ventures of entrepreneurs are listed below:1

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