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P1 Types of entrepreneurial ventures

   

Added on  2020-10-22

16 Pages4201 Words74 Views
Entrepreneurship and SmallBusiness Management
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Table of ContentsINTRIDUCTION.............................................................................................................................1PART 1............................................................................................................................................1P1 Types of entrepreneurial ventures and their relationship with typologies.............................1P2 Similarities and Difference between entrepreneurial ventures..............................................3P3 Assessing and interpreting the impact of micro and small businesses in economy..............5P4 Contribution of small businesses and start-ups in growth of social economy.......................5PART 2............................................................................................................................................7P5 Characteristics, traits and skills of successful entrepreneurs.................................................7P6 Assessment of aspects of entrepreneurial personality in reflecting entrepreneurialmotivation and mind-set .............................................................................................................8P7 Factors that foster or hinder entrepreneurship.......................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRIDUCTIONEntrepreneur is an individual who run business with the purpose of attaining largerprofitability. In this they also has capability to take risk for converting into profit. In this context,they set new and innovative things to operate business for attaining sustain in market for longerperiod of time. In addition of this, it is important for them to make an effective research toanalyse the market trends and demand (Blackburn, Hart and Wainwright, 2013). It is importantfor person to create innovative ways to make their process effective which may leads in attainingset goals and objectives. With the help of this, they easily attaining better success at marketplace. Current report is based on entrepreneurship and small business management. Variousentrepreneurial ventures is also mentioned in this report. Along with this, it is important forentrepreneur to set innovative and creative ideas within their process to attain high profitabilitylevel. PART 1P1 Types of entrepreneurial ventures and their relationship with typologiesEntrepreneurial Venture: It is refer to regular business but actually it is not. Along with this, it isthat type of business which is run by the person with new and innovative ways to attainopportunities to run their business in effective manner. This will contribute in developingeconomic development. Basically, it is fast in developing wealth with risk. It directly contributein producing quality products and services.Entrepreneur:Person who run their business with limited resources which the aim of attainingprofitability level. They are the single person who take risk at the time of manufacturingproducts. Types of entrepreneurs:Serial entrepreneurs: These are those entrepreneurs who run their business by takingchallenges. Under this they set various new and innovative ideas to set their business ineffective manner. Social entrepreneurs: These type of entrepreneur who set their business just for solvingthe issues and problems of the society (Bridge and O'Neill, 2012). The main aim of thisentrepreneurs is to increase social welfare which contribute in developing the economiccondition. 1
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