Types of Entrepreneurial Ventures and their Relation to Typology of Entrepreneurship

ENTREPREUNERSHIP

Table of Contents
INTRODUCTION.....................................................................................................................................3
TASK 1.......................................................................................................................................................3
P1 Types of entrepreneurial ventures and relate with typology of entrepreneurship................................3
P2 Similarities and difference between entrepreneur venture..................................................................4
TASK 2.......................................................................................................................................................6
P3 How macro and small business can impact on the economy..............................................................6
P4 Importance of small business to growth after Brexit..........................................................................8
TASK 3.......................................................................................................................................................9
P5 Characteristics and, traits and skills for two successful entrepreneur.................................................9
P6 How entrepreneurial personality can reflect to motivation and mindset...........................................10
TASK 4.....................................................................................................................................................11
P7 How background and experience can hinder and foster to entrepreneurship....................................11
CONCLUSION........................................................................................................................................12
REFERENCES........................................................................................................................................14

INTRODUCTION
Entrepreneurship is very wide concept that determines high aptitude with changes,
characteristics and many more things. This creates creativity in the organization for development
and high profits (Failla, Melillo and Reichstein, 2017). Entrepreneur is the person who organize,
manage and control all things through enterprise can get revenue and positive results. It will
make profitability through assess elements and forces of market. As results, the company can
make strategy to enhance operations and functions in different areas. In respect to this, present
report covers different types of entrepreneurial venture and relate with typology of
entrepreneurship. Furthermore, it also includes similarities and difference between
entrepreneurial ventures. Moreover, it involves importance of small business to contribute
growth of economy. In addition to this, it assess entrepreneurial personality which reflect to
motivation of business environment. Apart from this, it determine example that how background
and experience can hinder and foster to entrepreneurship.
TASK 1
P1 Types of entrepreneurial ventures and relate with typology of entrepreneurship
There are different author gives effective definition for defining entrepreneurial concept.
One author says that entrepreneurship is emphasize on innovation which create new product,
method and market in which the company can perform functions and operations (Ahlstrom and
Ding, 2014). It creates positive results, for generate more demand through combine various
factors through wealth can be create. Wealth is creating with positive results through values can
be exceed regarding business products and services. Innovative manner attract customer
regarding organization activity and actions. Following are different entrepreneurial ventures take
place within the business environment in term of typology of entrepreneurship:
Entrepreneurship vs. small business
This term is used by various entrepreneur in which their organization signify difference
among entrepreneurial venture and small business. It can be determine in following ways:
Amount of wealth creation: In order to generate simple meaning, entrepreneurship develop
modern outcomes of small business. This is because, successful entrepreneur create values

through operating different activities. It assist to save more money at workplace through
demonstrate positive results (Cullen, Johnson and Parboteeah, 2014).
Speed of wealth creation: With the help of entrepreneurship, the organization can create high
wealth through performing activities and actions that support to entrepreneurship of the firm.
Within few years, the company can make and generate high revenue from entrepreneurship
results and activities. It will assist to make positive working environment to operate various
functions (Shinnar, Hsu and Powell, 2014).
Risk: In entrepreneurship, risk is very high so that opportunity is very low to enhance outcomes
and operations. In this aspect, idea are given at workplace which determine for maintain
profitability and effective working environment. With the help of pursuing ideas, entrepreneur
can evaluates their performances for protect business environment.
Innovation: Entrepreneurship always perceive innovation in products, method and strategy
through business can achieve their targets and goals. In this aspect, company need to focus on
strategy which make sustainability of creativity at workplace of the enterprise. It creates wealth
and competitive advantages through creating new products and services in different areas of the
world (Wyrwich, Stuetzer and Sternberg, 2016).
P2 Similarities and difference between entrepreneur venture
In order to perform different functions, various types of entrepreneur participate to
achieve goals and objectives. In this aspect, following are such entrepreneur venture are exist in
market:
Skeptical entrepreneur
Copycat entrepreneur
Research entrepreneur
Determined entrepreneur
Accomplish entrepreneur
All these type of entrepreneur perform functions to enhance profits and growth of the
company. They all are analysis market to determine objectives so that company can easily