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Impact of Small Business and Entrepreneurship on Social Economy

Assess students understanding of entrepreneurship and small business management, exploring different types of entrepreneurial ventures and assessing how small businesses impact the economy.

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Added on  2020-10-22

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Entrepreneurship and Small Business Management INTRODUCTION 3 TASK 13 P1 Different types of ventures and its relation withtopologyof entrepreneurship 3 P2 Similarities and differences between Entrepreneurial venture 4 TASK 25 P3 Impact of micro and small business in economy5 P4 (2014). Importance of small business and start-ups to growth of social economy 6 TASK 37 P5 Characteristics, skills, motivational drivers and traits of successful entrepreneur 7 P6 Aspects of entrepreneurial personality typology reflecting entrepreneurial mindset and

Impact of Small Business and Entrepreneurship on Social Economy

Assess students understanding of entrepreneurship and small business management, exploring different types of entrepreneurial ventures and assessing how small businesses impact the economy.

   Added on 2020-10-22

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Entrepreneurship and Small BusinessManagement
Impact of Small Business and Entrepreneurship on Social Economy_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different types of ventures and its relation with topology of entrepreneurship................3P2 Similarities and differences between Entrepreneurial venture..........................................4TASK 2............................................................................................................................................5P3 Impact of micro and small business in economy..............................................................5P4 Importance of small business and start-ups to growth of social economy........................6TASK 3............................................................................................................................................7P5 Characteristics, skills, motivational drivers and traits of successful entrepreneur............7P6 Aspects of entrepreneurial personality reflecting entrepreneurial mindset and motivation7TASK 4............................................................................................................................................7P7 Analyse how background and experience can hinder or foster entrepreneurship.............7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
Impact of Small Business and Entrepreneurship on Social Economy_2
INTRODUCTIONEntrepreneurship is a process of creating a new business, managing it and having a longterm growth prospective in running the business. Under entrepreneurship a company combinesland, labour, capital and entrepreneur for the production and generation of revenue. Moreover,entrepreneurship is the capacity and have willingness to develop, organise and manage abusiness venture by itself (Brush, 2013) They have the urge to convert dreams into reality or ideainto execution. For making it possible they have to traits like believe in themselves, strongvision, determination, dedication, intrinsic motivation, leadership quality, out of box thinkingcapacity and risk taking ability. This report is going to analysis different types of entrepreneurialand how they are related to topology of entrepreneurship as well as its similarities, differencesbetween ventures. Moreover, illustrating how micro and small business impact on economy andimportance of small business as well as start-ups to grow in social economies. Furthermore,determining characteristics of an entrepreneur, its background and experience with respect tohinder the growth of an entrepreneur. TASK 1P1 Different types of ventures and its relation with topology of entrepreneurshipEntrepreneur: An entrepreneur are one who have the willingness to operate and managea new venture. However, the idea of operating a new venture strikes either after analysing themarket opportunity or problem. Thus, entrepreneurship is the capacity and have willingness todevelop, organise and manage a business venture by itself.Entrepreneurship: It is a process to carry forward new business or rebuild the existingbusiness. This is basically done to cater the unmet need and sustain in dynamic environment.Herein , wealth can be created that by an individual themselves who are ready to take risk interms of equity and liabilities in order to deliver effective product and services in an effectivemanner. Types of Entrepreneurial Venture and their interrelation with typologyTypology of entrepreneurship: Entrepreneur who fall under same topology share samekind of traits, behaviour, attitude and response. This topology is used to differentiateentrepreneur on the basis of risk taking power, personality traits, potential to adapt changes.
Impact of Small Business and Entrepreneurship on Social Economy_3

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