Entrepreneurship and Small Business Management

Entrepreneurship and Small
Business Management

Contents
Introduction......................................................................................................................................3
Part 1................................................................................................................................................3
Diverse types of entrepreneurial ventures and clarify how they narrate to the typology of
entrepreneurship.....................................................................................................................3
Discuss the similarities and difference between entrepreneurial ventures.............................4
How micro and small business impact economy...................................................................6
Importance of small business and occupational start-up to the development of social economy.
................................................................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10
Books and journals...............................................................................................................10

Introduction
It is vital for the development of the business to work and deal with the information in an
approved manner and try to acquire the information which are identified with various source and
monetary and corporative danger. Entrepreneurship is the best approach to foster the new
business by distinguishing the idea and make hazard which are related to monetary and diverse
administration issues. This is the interaction which are utilized to grow create successful business
open doors (Abbasi, and et.al., 2021). The organisation that is chosen in the given report is FTI
consultancy as this is the one of the leading companies that provides more effective consultancy
about various different types of companies about small business and entrepreneurship. Company
is having their headquarters in London and Scotland. In this below report it covers various types
of entrepreneurial ventures and how they are interrelated to typology. Then it covers similarities
and differences between entrepreneurships ventures. Then it covers importance of small business
and start-ups. Then second part covers characteristic of successful entrepreneurs and it covers
aspects of entrepreneurial personality reflect motivation. Then it covers how background and
experience can hinder entrepreneurships.
Part 1
Diverse types of entrepreneurial ventures and clarify how they narrate to the typology of
entrepreneurship.
With regards to showcase investigation strategy the organization can create convincing
development and open doors through various effort and simultaneously the connection which are
identified with typology of entrepreneurship:
Small business: This is the sort of organization which are identified with new beginning
up and it is controlled by the single proprietor and low number of representatives. Further, the
income age is likewise not with that high and their principal centre is to getting more customers
and improvement of the organization by their items (Baldacchino, 2021). Supermarket, painter
and customer facing front and so forth are the a few groups who are make achievement in these
sorts of private company business venture. They are remembered for business person who can't
face more challenge in their new companies.
Scalable start up: These are those business which are profoundly identified with
inventive and fire up and their fundamental spotlight is on giving something imaginative to their