Entrepreneurship Venture: Investigating Scope, Traits, Characteristics and Mindset

Entrepreneurial
ventures

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
P1- Investigate the scope of entrepreneurial ventures, using a variety of examples...................3
P2- Examine the traits and characteristics associated with entrepreneurship.............................4
M1- Evaluate the similarities and differences between entrepreneurial ventures and the traits
and characteristics of entrepreneurs in those ventures................................................................5
P3- Meaning of entrepreneurial mindset ....................................................................................6
P4- Analysis of the skills and characteristics associated with the entrepreneurial mindset. ......6
M2- Ways in which the entrepreneurial mindset can be encouraged and what it can bring to
new ventures. ..............................................................................................................................7
D1- Examine entrepreneurial ventures, traits, characteristics and mindset involved in
entrepreneurship. ........................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Entrepreneurial ventures is being defined as an enterprise which offer their customer with
innovative services and products. This is referred to the qualities which were pretended through
the individuals who were able to succeed as an entrepreneur. Entrepreneurial venture is a process
which aid to make new enterprise for offering innovation. The entrepreneurial ventures were
introducing a new services or products, then to develop a new production method. The product
have to be sold in a whole new market, then new source of supply have to discuss and in last the
business have to be reorganized(Esposito and Renzi, 2020). The report give description of
various kind of entrepreneurial ventures and analyse of the characteristics and traits which were
associated with entrepreneurship. Further this report includes the meaning of entrepreneurial
skills and mindset and characteristics which were related to entrepreneurial mindset.
MAIN BODY
P1- Investigate the scope of entrepreneurial ventures, using a variety of examples.
Entrepreneurship- This is being characterised as the ability which assist to organize and
develop a business. Starting of new business is being said as an example of entrepreneurship in
which the entrepreneurs bring new techniques and ideas in the market which assist to satisfy the
need of consumers.
Entrepreneurial ventures- This is referred to enterprises which focus to provide innovative
services and products to the customers which assist to make a social value in the consumers.
In small kind of business the entrepreneurs have more opportunity, in which they can sell
services other than setting up manufacturing plants(Reuther, Borodzicz and Schumann, 2018)
. If business size is small then the entrepreneur have a good chance to succeed. Scope of
entrepreneurial venture is small business is mentioned below-
 Industrial Sector- This provides the entrepreneurs as a variety of chances for developing
their own industry. The main objective for small business is to enhance the supply of the
manufactured good and increase employment opportunity for general public. The
entrepreneur can utilise new technological product which assist to increase the business
operations. Also small scale industry are engaged to enhance the national income and
meeting shortage of demand through the customers.