Managing Entrepreneurship, Innovation & Creativity

Managing
Entrepreneurship,
Innovation &
Creativity

EXECUTIVE SUMMERY
This report has analyzed and cover 4 tasks in this report. In which report has provided
introduction and definition of the entrepreneur and tell them about the background. In the second
task 2 report has selected option B in which report has concluded journey of the entrepreneur
and also has provided example of the successful entrepreneur. In the task 3 report has provided
new business idea which was a restaurant business and according to this idea this report has been
concluded introduction, objectives, , market research, Target market, marketing, HRM,
operations, legal issues, finance, exit strategies, other issues and references.

Table of Content
EXECUTIVE SUMMERY..............................................................................................................2
TASK 1............................................................................................................................................4
Introduction.................................................................................................................................4
TASK 2............................................................................................................................................4
Option D –Theme– Entrepreneurship Journey...........................................................................4
TASK 3............................................................................................................................................7
The Blue Sky Thinking...............................................................................................................7
CONCLUSION..............................................................................................................................12
TASK 4..........................................................................................................................................13
References.................................................................................................................................13

TASK 1
Introduction
Turning invention into the innovation relies on how any entrepreneur give position to
themselves, managing and gets funding their venture to be successful businessman. An
entrepreneur is an individual person who create and organize their own business ideas to be a
successful businessman (Ateljevic and Page., 2017). They take greater financial risk in order to
achieve success in their life.
I want to become an entrepreneur and because I know what skills and motivation I will
need to be a successful innovation. I am having good time management of my daily life activities
and I believe that we do not need anyone to motivate us, because a successful entrepreneur
always motivate themselves and motivate others to work. One of the most important thing I have
learned that if anyone wants to be a successful in their life then it is important for them to take
risk in their life, because without taking risk in life we cannot become successful businessman.
Creative ideas come by doing smart work (Bieraugel., 2015). It is ability of any individual that
how they do any hard work in easy ways.
In my family my uncle is an entrepreneur who started their business from nothing to
everything. This inspired me a lot and motivate me do something creative in my life. My uncle
take Financial help from their Friends and relatives and start their business with small veritable
shop. In the beginning he started saving profit and invest some amount in the shares. He had
knowledge in shares, so he used to make more money from this way and invest that profit in
expanding his business, now he is owner of 3 retailer shops in the UK.
I personally believe in the team woke because if we are doing any task in group then it
will take less time as compare to the individual.
TASK 2
Option D –Theme– Entrepreneurship Journey
Definition of entrepreneur and skills needed to become entrepreneur
An entrepreneur is a person who create and organize his own business idea to be a successful
business. They take greater financial risk in order to achieve success in their life. They should
have some kills to be successful in business. Here are some skills which can help an individual to
become an entrepreneur, so that they can start their own business and earn money.
Time management