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[PDF] Introduction to Entrepreneurship : Assignment

   

Added on  2021-01-02

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ENTREPRENEURSHIP
[PDF] Introduction to Entrepreneurship : Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of entrepreneurial ventures and its related typology.....................................1P2 Similarities and differences within entrepreneurial ventures.................................................3TASK 2............................................................................................................................................5P3 Assess and interpret how micro & small business influence on economy............................5P4 Importance of small business will contribute to the growth of social economy after 'Brexit'.....................................................................................................................................................8TASK 3............................................................................................................................................9P5 Characteristics, skills and traits of two successful entrepreneurs..........................................9P6 Entrepreneurial personality reflect entrepreneurial motivation & mindset.........................10TASK 4..........................................................................................................................................12P7 Examine experience and background can foster or hinder entrepreneurship......................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
[PDF] Introduction to Entrepreneurship : Assignment_2
INTRODUCTIONEntrepreneurship is the process who individually starts their own enterprise along withthat they bear all losses and risks by themselves (Blackburn, Hart and Wainwright, 2013). Itconsider as an dynamic process in order to create wealth by taking higher level of risk in theirbusinesses. It should be in any form such as equity, time, cost etc. Entrepreneurs are having newand innovative ideas which aid them in manufacturing a new goods within the market. Alongwith this, it is necessary of entrepreneur to be innovative and creative for attracting largenumbers of customers. Small enterprise management is the process of managing activities andoperations which is organised within the small enterprises for controlling and maintaining it in anproper way. In this report it involve the different types of ventures and its related typologies.Along with this it also analyse the background and experience of entrepreneur which hinder orfoster the entrepreneurship. TASK 1P1 Different types of entrepreneurial ventures and its related typologyEntrepreneurial VenturesIt is similar like a regular enterprise but it is not so. It is an business that is operated by aninnovative person as well as they know it effectively that how they can grab the opportunities toproduce social and economic value within the business. It is fast in creating wealth with higherlevel of risk for manufacturing goods and services. EntrepreneurIn this, persons starts their own enterprise and operate their business activities with thelimited resources. They are only responsible for making new and innovative products by takingall losses and risks by themselves (Bridge and O'Neill, 2012). Entrepreneurs types Serial entrepreneurs: In this, person starts their own enterprise in an continuous way andsell it off at the later stage. They are having different kinds of innovative and new ideaswith them and funds as well. Social entrepreneurs: In this, person mainly concentrate on resolving issues of societyrather than gaining profits. Entrepreneurs are very much ambitious as well as capable inhandling important social problem which are faced by the members of society. 1
[PDF] Introduction to Entrepreneurship : Assignment_3
Female entrepreneurs: This kinds of entrepreneurs operate entire business which mainlyconsists of women. These businesses are regulated and owned by female itself. Alongwith this they are responsible in order to create 51% employment.Entrepreneurship It refers as the willingness and capabilities to develop, manage and organise a enterpriseventure with taking higher level of risk for earning profits. It is the person who develop and runall the activities of business by themselves. Types of Entrepreneurial ventures Small business entrepreneurship: According to present scenario, there are 6 millionsmall enterprises which are operating currently in the market within United Kingdom. Itinvolve different kinds of enterprises such as travel agents, grocery stores, consultants,electricians and so on. These all are operating their own enterprise with their own profitsand risks by themselves. Social Entrepreneurship: In this kind of enterprises are operating to give advantages tosociety by providing them products as per their requirements. They manufacture ahealthy goods which cannot give harm to peoples in an negative manner. For example:Ayurvedic products, Patanjali goods are giving healthy items to their customers at cheaprates (Carsrud and Brännback, 2011).Scalable Entrepreneurship: These are the business which are created through theirstrong ideas. This kinds of entrepreneurship are having the vision of changing the worldthrough their ideas. They manage finance from the market along with this they have toconvince persons for investing on their ideas. Relationship of ventures with its typologies All these ventures are related with the typologies in some or other way such as scaleableentrepreneurship is linked with social and lifestyle entrepreneurship which is linked withmanaging the growth of venture typology. Their are various kinds of typologies which areconnected in an effective way with the ventures which are running within the market. Types of TopologyLifestyle ventures: In this kind of enterprises provide immediate profits to business. Theymainly like to work alone. 2
[PDF] Introduction to Entrepreneurship : Assignment_4

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