Entrepreneurship or Small Business Management - Report
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Added on 2020-06-04
Entrepreneurship or Small Business Management - Report
Added on 2020-06-04
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Entrepreneurship and Small Business Management
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Different types of entrepreneurial ventures and relation with their typology.......................1P2 & D1 Similarities and differences among entrepreneurial ventures......................................2M1. Diverse range of entrepreneurial ventures in public and corporate sector..........................4TASK 2............................................................................................................................................4P3 Influence of small and micro business on economy..............................................................4P4 Contribution of small business in social economy................................................................5D2 Influence of small business on different economic level......................................................6M2 Difference in between small, medium and large business....................................................6TASK 3............................................................................................................................................6P5 Characteristics of successful entrepreneurs that distinguish them form business managers.6M3 Arguments related with entrepreneurial characteristic.........................................................9D3 Motivational drivers of entrepreneurs...................................................................................9TASK 4............................................................................................................................................9P7, M4 & D4 Experience and background can work as hinder and foster for entrepreneur......9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONPeople which are having experience and interests to start their own business and providejobs to others stated as an entrepreneur (Yallapragada and Bhuiyan, 2011). Most people are nowfocusing on entrepreneurship to run their own business which increase productivity and supportsto economy which is essential for each and every country. In the context of UK, it become moresignificant cause after Brexit UK is having a need to be more stronger. It is providing moreemployment options to youngsters in UK and it is connecting them in to growth of the nation.Most entrepreneurs are starting their business as a small business enterprises which is having lessinvestment of human resource and finance. This report is having focus on entrepreneurship andUK based small business enterprises which are playing a significant role to improvise their theireconomical growth. This report is having discussion on distinct type of entrepreneurial venturesand their relation with their typology, similarities and differences in between them. After it, it'shaving a research up on micro and small business organisation influence up on the UK economy.At last it is having content on different entrepreneurs which has been influenced by their past andexperiences which played a significant role to being successful. TASK 1P1. Different types of entrepreneurial ventures and relation with their typologyMany types of entrepreneurial ventures are working in UK and they are having hugedifferences regarding to their typologies which are described under here;Small business entrepreneurial ventures: It is a type of start up venture which is used most ofthe entrepreneur to implement their innovative ideas in actualization. Success of this business isbased up on ideas and it is having potentials to provide huge a profit by less investments offinance and human resources (Stokes, Wilson and Wilson, 2010). It is related to Craftsmanentrepreneurship typology, people which are having any type of skill starts their business withthis. Scalable entrepreneurial ventures: These are related to those business which are having a visionrelated to their future and having objectives. These organisations are having power to changevision of world by their innovative business ideas. It is having a potential to provide a betterreturn against investments. It is related with innovator entrepreneurs which are having a power tochange vision of another companies and they can get many investors on the basis of their1
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