Entrepreneurship and Small Business Management

Unit 9 – Entrepreneurship
and Small Business
Management

TABLE OF CONTENT
INTRODUCTION......................................................................................................................4
PART 1.......................................................................................................................................4
Entrepreneurial ventures and relation to typology of entrepreneurship.................................4
Factors of similarities and differences between entrepreneurial ventures..............................5
Interpreting pertinent data & statistics to explain how small & micro business impact on
economy.................................................................................................................................5
Significance of small ventures and business start-up to progress of social economy............6
CONCLUSION..........................................................................................................................7
PART 2.......................................................................................................................................7
REFRENCES...........................................................................................................................18

INTRODUCTION
Entrepreneurship is defined as procedure by which groups of individuals or individual
entrepreneur exploit a commercial chance, either by introducing a new item or service. The
current study will explain varied forms of entrepreneurial venture and how they link to
typology of entrepreneurship. It will justify similarities & differences between several types
of business. Furthermore, the report will clarify impact on small and micro ventures upon
economy and significance of small & start-up company in context of social economy growth.
PART 1
Entrepreneurial ventures and relation to typology of entrepreneurship.
There are various entrepreneurial ventures within global business world, where this
further can be segmented based on varied entrepreneurial opportunities and for gaining new
functional rise. As per typology scalable organisations can be further segregated based on
performance goals and ideal new specific rise, for effective varied competent fundamental
goals. Based on typology and segments, entrepreneurship ventures size further can be
segmented as follows:
 Small size enterprises:The small size businesses are small in size with limited
employees and workforce, working among company and with goal to bring on new
services based on specific working ideologies. Small size companies also have limited
capital structure and revenue till large extent, which makes scope widely limited
within longer business run. Micro and macro sized companies are further connected
within small size enterprises, where less number of employees are there is structure
and also capital investments are limited.
 Large size enterprises:The large size company’s business are largely segregated with
high scale capital rise within infrastructure parameters, where investments on capital
and human resources are also stronger. Large size companies are further significantly
focused on pertaining enlarged productive aspects, for stringent growth and
innovative business connectivity towards scaled up revenue goals.
 Social Entrepreneurship:The social enterprises are small sized companies where start
ups focus on operating new scale investments, for bringing change within society.
NGO and voluntary organisations, come under social entrepreneurship for bringing on