Entrepreneurship Education and Rural Development

This assignment delves into the multifaceted relationship between entrepreneurship education and rural development. It examines various theoretical frameworks, empirical studies, and practical applications related to this topic. The assignment encourages students to critically analyze the role of entrepreneurship education in fostering economic growth, job creation, and social progress in rural communities.

ENTERPRENEURSHIP

Table of Contents
INTRODUCTION ......................................................................................................................................3
TASK 1.....................................................................................................................................................3
P1 Assessment of various types of entrepreneurial ventures and their relation with the typology of
entrepreneurship...............................................................................................................................3
P2 Monitoring the similarities and differences between entrepreneurial ventures. ........................4
P3 Impact of micro , small and medium size enterprises on the economy. ......................................5
P4 Importance of micro and small business startups in growth of the social economy.\..................6
P5 Identifying, traits and skills of an entrepreneur and their differentiation from business
managers...........................................................................................................................................7
P6 Reflection of entrepreneurial motivation and mind set. ..............................................................9
P7. determining the effects back ground and experience can hinder and foster entrepreneurship.
.........................................................................................................................................................10
CONCLUSION-.......................................................................................................................................11
REFRENCES............................................................................................................................................12
Book and Journals............................................................................................................................12
Online..............................................................................................................................................13

INTRODUCTION
Entrepreneurship is a process of starting a business by an individual according to his
or her interest level in order to establish its own business firm , small enterprise and large
industries. Basically this is a self made decision of an individual in order to open its own
private company by engaging in the ownership. There are some uncertain criteria of risky
situations in order to carry a business startup. This is a process of developing or starting a
career in the business world. The process of entrepreneurship is carried out by means of
attaining enormous amount of profits and more revenue generations. There are different types
of entrepreneurial ventures like small and medium sectors. There aim is to satisfy their basic
family and individual needs . Large ventures are engaged in various types of employment
opportunities and their income generation is very high. There is a wide variety of scope in
carry out different types of business startups (Jitendra, 2013) .
TASK 1
P1 Assessment of various kind of entrepreneurial ventures and their relationship within
typology
Entrepreneur is a person of having an ideology of driving or carrying a business with
its self made decision criteria or interest level in order to generate more income and attaining
profits as well. The entrepreneurs are classified as women and men entrepreneurs. The risk
factor is a most important criteria for an entrepreneur in order to participate in the business
world and without having risk and uncertain situation no one can start its carrier in this field.
The basic theme or idea behind this step is to diversifying various types of trade opportunities
in nation as well as across the world. There are some some opportunities considered with the
entrepreneurship. These are marketing chances, employment opportunities, societal well being
and generation of revenue.
Following are the typologies associated with the entrepreneurial ventures.
Serial entrepreneur- these entrepreneur are working according to their ideology of
new concepts and ideas in the starting period of business startups. Their concepts and ways
are very innovative in order to deal with the every day business conditions and situations and
after that they provide their responsibility to others and carry out some other business plans. It
is good for an enterprise to innovate new concepts and ideas in order to develop growth and
attaining profits but it is very embarrassing to take help from others by giving all the
responsibilities towards it (Wang, 2011 ).
Social entrepreneurs- these are the personalities of doing business in order to provide
their complete assistance to the societal level of an organizational environment. Their role is
help out those level of people of below poverty line by providing education, medical facilities,
food and others. They open some cost free organizations like charity, trusts, hospitals , non
governmental organizations etc. their sole motive is to take responsibilities and work for the
social citizens. Some famous personalities like bill gates, Hilary worked a lot for the societal

group of communities. The basic idea is to develop revenue and implement various methods
of implementing social, ethical and biological science concerns. There are several social
networking internet sites available like Facebook, twitter, media etc. they are inventive,
imaginative, cooperative and judgment making and trouble resolving in nature by providing
and working for social level of an organization.
Women entrepreneur- these entrepreneur are come under the categories of interested
females who want to start their carrier or involved in the business world. Their basic motive is
to provide social , cultural and environmental assistance towards the nation. As women
entrepreneur are considered , they are very emotional and sensitive in nature not ready to take
any type of risky situation in order to start their carrier because for them their family and
relatives are more important. They are ready to understand the problem more better than male
entrepreneurs. They are very professional and educated and know how to deal with the
difficult situations of business.
Copy cat entrepreneurship- these types of entrepreneurs are not working with their
own idea, concepts, themes, and technologies. Their motive is to copying the ideas and
methods of other business firms in order to attain profits in less time. They are not believing
in hard-work instead of believing in doing smart work by means short cut methods of copying
(Varol, 2010).
Dignified entrepreneurship- these are very determined and organized personalities as
entrepreneurs are considered and their working criteria is based on innovate advance methods
and concepts for the betterment of the company and the organizational workforce. They adopt
cooperation, confidence, hard-work, discipline , valuable and , decision making, thoughts at
the organizational level. They are very straight forward and always work for the achievements
of group and organizational goals.
P2 Monitoring the similarities and differences between entrepreneurial ventures.
There are several types of entrepreneurship prevailing in the business environment.
These are related with the group of social, cultural, environmental, with respect to small
companies, large companies and medium entrepreneurial ventures. Their aims and objectives
are depend upon the policies, rules, regulations and their revenue production. The basic motto
is to attain profits and maintain the healthy business environment in order to compete with the
different types of industrial prospectus.
serial entrepreneurs have adopted many excellent tips and principals in order to gain
success and momentum. Their idea is to make and develop new business themes by using self
generated income sources. They are making their complete effort in bringing new ideas and
innovate services to the market. On the other hand life style entrepreneurship is totally related
by self development or to satisfy the needs and demands of their own in order to change their
individual life standards .Their full contribution is toward themselves only they are not
involving any king of social, cultural and environmental issues. They just want to prioritize
their needs and demands. Their motive is to satisfy and fulfillment of their own aspirations,
expectations and requirements as well. Their idea is to achieve the self profits and not related
with the organizational business world in order to compete the situational analysis. The

similar thoughts of these two entrepreneurship is to achieve profits and income generation.
Both of them are working for the revenue benefits as well.
The basic difference between a women and men entrepreneur is the age factor. In
general men started their entrepreneurship in the mid of forty's but women are tend to start
their carries in their old age of maturity with complete experience and professionalism. The
decision level according to failure or success in business has providing the different
judgments for both male and female entrepreneurs. The male entrepreneurs are always
blaming to the markets, employees and putting their allegation towards the organizational wok
force for the failure . On the other hand women entrepreneurs are always blaming to
themselves and put any blame to the others for not achieving targets. The second difference is
the uncertain and risk taking situations. Male entrepreneurs are always willing or ready to take
any kind of risks in order to participate in business startups but on the other hand women
employees give their priorities to their family and not ready to take any risks or uncertain
situations as they are very sensitive and emotional towards their beloved ones or relatives.
The similarities between both the entrepreneurs are their motive of achieving targets,
aims and objectives. Their are some sort of social , cultural and environmental assistance's
provided by both the entrepreneurs.
P3 Impact of micro , small and medium size enterprises on the economy.
The economic conditions of the nation is totally dependent upon the various types of
entrepreneurial ventures. There are several types of business enterprises in the global
environment. These are related with marketing environmental conditions, various trends ,
fashions, selections, choices, interest levels, employment and revenue structure . Following
are the several effects and impacts on the economy (Goswami, 2014).
Micro business enterprises- these businesses are carried by the small group of people in order
to full fill their self and family requirements. Their aim is to generate income only for the
family basic needs. They are not possessing any targets and goals. They only give their
priorities to complete their necessities and basic expectations. They are not involving in any
type competition with the business companies. Some of the examples are barber shop, beauty
parlor, grocery shop, gift shop, vegetable shop etc.
the basic important distinguishing of sole proprietorship is easygoing enterprise
establishing , autonomous enterprise entities, firms, they have limitless personnel department
obligations of the proprietor. They have only single proprietor and cannot exchange any stock
or assets.
The 98 percentage of UK economy is depend on small business enterprise
Forthcoming development: the most important component which aid in accelerating
the nation economic system. After Brexit, UK economic system impacted so much which cut
down their approaching development in greater extent. thus, authorities have to use some
steps which helps them in rising the future growth of their nation other than they will have to
face unfavorable conditions. Authorities have to help these small business undertakings in
their maturation in order to maintain proper gross domestic products. Government has

provided some subsidies like export and import quotas in order to diversify trade goods and
import business.
Occupation Maker: the small and micro undertakings are job creator in economic
system which providing and introducing many job possibilities for young generation and large
number of jobless masses. In order to provide enormous amounts of employment
opportunities it results in maximizing the per ca-pita income of the country by improving
their standards of living (Ismail, 2011).
Practical applications - this is a fore most important factor in order to engage small
business enterprises to carry out the various business process by the use of advance innovative
methods and concepts of technology for the better growth and development of the business .
Addition in GDP: Small business organizations providing assistance in line of work
or chances and modification in the GDP rates. Large number of employees are working with
effectiveness which leads in producing more and more quantity and thus it leads to increase
the GDP rate.
These are above factors improving UK economic system after Brexit but for all these
government have to take the initiative like they have to help people who have willing to be a
entrepreneur. This terms can help them in overcome from such situation. Only small business
undertakings can help them in rising economic condition because large ventures are
completely undergone with this decision.
P4 Importance of micro and small business startups in growth of the social economy.\
The time when Br-exit cam into the market, the many business enterprises experienced
a huge loses and loose their occupation. The small business enterprises. provided its assistance
in order to make employment opportunities to those job finders who lose their job. The
enterprise which set up its trade in a particular nation results in the growth and development
of the economy. The basic theme of these startups is to create employment opportunities, in
the societal welfare and cultural and environmental importance.
Some of the importance of the small business startups in growing the economical and
cultural value.
Rate of the employment- the employment rate is increased by diversifying the
progress of establishing more no of company. This provides huge no of job opportunities to
each and every part of the economy. With the help of governed support , their level of
performance becomes better and they increased different types of employment opportunities.
Technology- by implementing advance and innovative methods of technology , the
business can be made more demanding and progressive. This is a method of applying new
concepts, ideas, thoughts, applications in the business process by an entrepreneur in order to
attain success and goals in an effective and efficient manner.
Spending level: When occupation rate get accumulated it leads to addition in the
usable income of more no of persons. This helps an organization to create more income and
net profits. With this rapid growth economic process will modifies and thus it leads to

increase the number of challengers in the marketplace. By the assistance of these types of
resources of increasing demands, supply automatically increase and provides many job
opportunities to the people (Bolaji, 2012).
financial assistance- after brexit, the UK economy is minimized or down sizing. In this
situation many banks and financial institutions helps the go Wang, D., 2011 vernment in order
to start many new business enterprises and outsourcing firms which helped the growth and
economical conditions of the nation. This plan of action aid these small commercial
enterprises to run and create advanced net profits. Further vantage to pull many other to start
their business enterprises. This helps in exploding amount of products and competitive assets
in marketplace. By the financial assistance these business attain growth and development.
The small entrepreneurial venture are very important for the forth coming growth of
future and present scenario. In order to improve the net gross domestic product , their
production rate is conterminously increasing day by day. The standard of living and has
increasing through these enterprises by the implementation and launching of advance
products and services in the market with the latest technologies. By adopting different types of
changes prevailing in the markets and with the expectations of the people, they priorities the
needs and demands of the societal group. They are very flexible and easily identifies and
monitoring the consumers necessities and demands for the welfare and produce the valuable
products and services . Thus by these methods , there is a great improvement in the economic
condition of the nation (Nikolić, 2011).
P5 Identifying, traits and skills of an entrepreneur and their differentiation from business
managers
An entrepreneur is a individual which begins its own enterprise with an innovative
concept of uncertain situations which is related to the enterprise. After passing barrier of risk
profit can also be enjoyed by its own. Its duty is to catch overall market chances and create
them and accomplish its eventual target which is net income. An entrepreneur have some
assorted skills, dimensions and imaginations which he/she wants to complete or attain. It can
bear all the risk and hold up in competitive market with contrasting idea. Also, it get always
motivated which assist in draw many people and have to be preserved a self-assurance to the
concept.
There are some point of differences between a business managers and an entrepreneur.
In today's modern business world, two illustrious businesspersons are Mark Zuckerberg and
Walt Disney. These two entrepreneurs having new and imaginative skills which helped them
to reach the highest peak of their life. Zuckerberg established an practical application called as
Facebook. It helps in connecting people from world wide. This was the one of the new type of
application which helps in sharing ideas and messages from one person to another without any
difficulty. On the other hand, Walt Disney created one thing which was activated as one of the
incomparable thing and which was only for kids that was Mickey mouse. He opened his own
animated company and its first creation was lucky rabbit which was owned by universal
picture. Later on he created mickey mouse as the substitution of the creation. But he did not
get satisfied with this and creates an amusement park which no one can else can see like that.

It was one of the biggest creation of its own. So, these businesspersons have some aspirations
and a warmth for perform such task. They never thought about any body except from their
goals and targets. Which helps them to achieve their ambition and complete their dreams.
Some of their traits, skills and characteristics of these two great personality is as follow:-
Motivated: As per above defined two personalities, who are always try to motivate
their subordinates towards their works and tasks as well as himself get motivated in a
effective and efficient manner. Due to, they never got fear about failure in their life. These
personalities are self motivated due to they got success in their life and attained their targets.
(Koroleva, 2014).
Risk taking attitude: These personalities are risk taker, due to they never hesitate for
completing any kind of works. This s one of the major strength of every person for getting
success. Risk taking attitude and nature helps to take corrective action as well as reduce
barriers in a appropriate manner.
Confidence: They always confident and positive towards their ideas and views.
Further, if they done any mistakes and errors so they accept that and tried to reduce from them
help of smart solutions and strategies. This nature shows passionate level of their personality.
Bases of difference Entrepreneur Manager
Risk taking The basic quality of an
entrepreneur is taking
participation and involving in
uncertain or risky situations for
the business startups and for the
future prospectus.
A business managers is not
involving in any types of risks
as he is just working under the
governing authorities of an
organization and never takes
an initiative.
Imaginative An entrepreneur is always been
imaginative in nature by
introducing new concepts of
methods, ideas and working
techniques.
A manager never use its
creativeness in introducing
new idea but he is creative in
other aspects by solving out
conflicts etc.

P6 Reflection of entrepreneurial motivation and mind set.
Entrepreneur is an individual with power creation in a social group as well as in
economic system. This is not a easy work to accomplish targets and last in this competitive
market. So, for long drives and better results endurance in surroundings is mandatory with
effectual productiveness as business situations is very sophisticated and inevitable. From
many research it is found that an businessperson mind is playing a crucial role in survival and
growth. It has unique dimensions of personality which helps him to get rid out from many
difficult situations. A positive mindset and motivation helps in success of the business.
A optimistic mentality shows the feeling of on the job of an businessperson. Passion is
like working for long hours on peculiar task and taking a affirmative criteria for that. This
shows the nature of passion that an entrepreneur thinks that at any cost project have to be
skilled in a proper manner. The mindset is to be clear about goal and should focus on target
achievement rather than focusing on money factor.
A positive and effective mindset taught every failure, how they can get success as well
as which mistake they has done in their past. Further, positive thinking is one of the best
method to lead person as well as it helps to increase their working performance and style due
to they can get success and attain targets.
Basically, it should not get impacted by other number of talents and persons who are
surrounded him in the life. Only they set their targets in their mind and set their focuses on
how to get success and attain them in minimum time. Outside environment has different kind
of factors which directly impacts on start ups due to, it is every essential to proper analyses
them and take corrective action in difficult situation. Apart from this, a positive thinking and
mind set essential for getting success as well as for taking better decision.
As described in an OCEAN acronyms:-
Openness- it presents the thoughts of emotions, amusement, determination, curiosity to know
new things, assortment of experience (Ugwoke, 2013).
Conscientiousness- it is state or tendency to be arranged and reliable. It indicates self
discipline and low and high degree of spontaneity in order to active aims and targets.
Extroversion- it indicates assertiveness, energy and positive emotions , talkativeness, very
extrovert nature
Agreeableness- it is an inclination to be pitying and cooperative rather than frustrating and
negative. There are high an low degree of agreeableness . Low degree tends to competitive,
challenging and high self esteem. High degree tends to spiritless or very short tempered.
neurotic-ism- it determines the blistering emotions like anger, anxiousness, depression,
exposure and . Its a degree of cerebral stability and desire control.
These are the above discussion which characterize the entrepreneurial motivation and mind
sets.

P7. determining the effects back ground and experience can hinder and foster
entrepreneurship.
As entrepreneurship is considered , back ground is a fore most important factor for the
growth and failure of an entrepreneurship. Background determines the professionalism,
family status , Small business entrepreneurs have vast impact by their background on which
their business run and it encourages them to introduce new product in market. It has a direct
impact over on their goals achievement like if they have positive experience then they can
work with more and more efforts but if they had bad experience then it affects their business
more.
Bad experience sometimes teach most valuable lesson in their life. It helped them in
survival from any situation and circumstances. They can learn that how to manage in such
condition and how all things can became rights for them. It helped them in solving their
problems with most appropriate method. But such situation can only be hinder the new
entrepreneurs. For experienced entrepreneurs it is easy to execute their ideas in a proper and
effective manner. Background also affects the business because small entrepreneurs have less
and less resources which hinders them to produce effective goods and in taking the better and
effective decisions. Whereas large business man can take decision easily because they have
vast range of resources which help them in their business and growth. Their decision are most
appropriate then small ventures. For better and good experience they can work for whole day
and night and it helps them in maintain growth to their business. This helps in making
business activities effective ( Otemuyiwa, 2015).
Some important factors associated with the back ground:-
EDUCATION – The education criteria determines the knowledge, skills, capabilities,
professionalism of an entrepreneur. It should be very important for an entrepreneur to be
educated with the complete knowledge of business and entrepreneurial skills for the growth
and development of a business. The reason behind this statement is because people would
love to listen an educated entrepreneur rather than an illiterate entrepreneur.
Age – age factor determines the minimum age of participation or involving in a business
world or the age of business startup. The minimum age in UK in order to start an business
carrier is 35 to 40 years. A person must an age group of 35 years , then only he or she would
start a business. Age factor determines or assessing the criteria maturity level inside the
entrepreneur in order to take any kind of decisions.
Gender- it is the assessment of male and female entrepreneur. In this the analysis is according
to the risk and uncertain situations. The male entrepreneur is ready to take any kind of risks in
order to run or drive a business without any considerations of future profits or failures. Bust
on the other hand women entrepreneurs are not ready to take any risky situations as they are
very sensitive and emotional , bothering about their family and relatives.
Experience- it involves the past experience of an entrepreneurs with respect to the future
expectations. In general experience determines the entrepreneur working criteria in difficult

situations which reflects the past experiences. It presents the idea of developing the business
and growth opportunities.
Family back ground- in general some business entrepreneurs have their father entrepreneurs,
their income status is very high and complete support of their family entrepreneurship back
ground. These are following back ground factors which hinder and foster entrepreneurship.
CONCLUSION-
According to the above discussion , it can be conclude that, Entrepreneur is a a person
of having an ideology of driving or carrying a business with its self made decision criteria or
interest level in order to generate more income and attaining profits as well. The entrepreneurs
are classified as women and men entrepreneurs. The risk factor is a most important criteria for
an entrepreneur in order to participate in the business world and without having risk and
uncertain situation no one can start its carrier in this field. The basic theme or idea behind this
step is to diversifying various types of trade opportunities in nation as well as across the
world.

REFRENCES
Book and Journals
Adebayo, O and Otemuyiwa, A.A., 2015. University Unified Undergraduate
Enterpreneurship Education Curriculum is a Must. International Journal of Small Business
and Enterpreneurship Research.3(1). pp.10-20.
Agboeze, M.U., Onu, F.M and Ugwoke, E.O., 2013. Enhancement of Critical Thinking of
Vocation and Adult Education Student of Enterpreneurship Development in Nigeria. Journal
for Education and Practice . pp.116-123.
Aleksandrov, D.G and Koroleva, T.I., 2014. Social Enterpreneurship in the modern world.
Jekonomika. Nalogi. Pravo. (4). pp.45-50.
Babić, V., Erić, J and Nikolić, J., 2011. The Role of Alternative Corporate Enterpreneurship
Organizational Forms in Attaining Superior Competitive Position. Contemporary Issues in
Economics, Business and Management, Faculty of Economics of the University of
Kragujevac, Kragujevac. pp.295-307.
Bolaji, O.A., 2012. Intergrating enterpreneurship education into science education: Science
teachers perspectives. Journal of Science, Technology, Mathematics and Education
(JOSTMED).8(3). pp.181-187.
Devadas, U.M., Silong, A.D and Ismail, I.A., 2011. Applications of Grounded Theory
Methods in Researching Rural Enterpreneurship Development. The Journal of International
Social Research. 4(19). pp.307-318.
Devi, A and Goswami, G., 2014. Women enterpreneurship development in Assam with
special reference to Kamurp district, India. The Clarion.3(1). pp.149-156.
Estrin, S., 2014. How does Foreign Direct Investment Affect Domestic Enterpreneurship.
Managament and Economic Policy for Development. New York: Nova Science Publishers Inc.
pp.53-72.
Idogho, P.O., 2011. Entrepreneurship education and small-scale business management skill
development among students of Auchi Polytechnic Auchi, Edo State, Nigeria. International
Journal of Business and Management. 6(3). p.284.
Jitendra, A., 2013. Enterpreneurship and Rural Women in India. New Century, New Delhi.
Liu, Z and Wang, D., 2011, May. Notice of Retraction The teacher core competence structure
in the mode of innovation and enterpreneurship education. In E-Business and E-Government
(ICEE), 2011 International Conference on (pp. 1-4). IEEE.

Patel, P.L and Supe, S.V., 2011. Aspirations of students of open agriculture education centres
towards agri-enterpreneurship in Nandurbar district. Agriculture Update.6(3/4). pp.149-151.
Radović-Marković, M and et. al., 2014. Motivational factors affecting entrepreneurial
decision: a comparison between Bulgarian and Serbian women entrepreneurs. Ecologica:
nauka, privreda, iskustva. pp.103-115.
RAGU, I.V and MATI, M., 2011. Students Perceptions and Intentions towards
Enterpreneurship: The Empirical Findings from the University of Dubrovnik-Croatia.
International Journal of Management Cases.13(3).pp.38-49.
Salami, C.G.E., 2011. Enterpreneurship and Youth Unemployment in Nigeria: The Missing
Link. Global Journal of Management and Business Research.11(5).
Varol, Ç., 2010. Strategies for Promoting Enterpreneurship in Local Economic Development:
Case of Ankara-Turkey. Gazi University Journal of Science.23(1). pp.97-106.
Online
Ocean abriviations . 2017. [Online] . Available through :
<http://www.acronymfinder.com/Openness%2C-Conscientiousness%2C-Extroversion%2C-
Agreeableness%2C-Neuroticism%2C-Service-orientation%2C-Team-orientation-
(psychology)-(OCEAN-IT).html>. [ accessed on 9th May 2017]