Entrepreneurship and Business Skill Development
Added on 2020-02-17
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ENTREPRENEURSHIPAND SMALL BUSINESSMANAGEMENT
TABLE OF CONTENTSINTRODUCTION................................................................................................................................5TASK 1.................................................................................................................................................5P1 Diverse range of entrepreneurs and their relationship with the typology ofentrepreneurship...........................................................................................................................5P2 Similarities and differences between various entrepreneurial ventures.................................7P3) Impact of micro and small businesses on the economy........................................................7P4. Importance of SMEs and business start-ups in the growth of social economy.....................9P 5 Qualities that makes a successful entrepreneurs. Examples of successful entrepreneurs.. .10P 6 Aspects of the entrepreneurship personality reflects entrepreneurial motivation...............10P 7 Impact of past experience and personal background...........................................................11CONCLUSION..................................................................................................................................12REFERENCES...................................................................................................................................132
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INTRODUCTIONEntrepreneurship is a process under which someone starts their business along with theiridea, thoughts and creations. In other word it can be said that it is capability and willingness toorganize and manage business activities and functions along with any of its risk. While anyindividual starts its business then it has some kind of risk and requirement of sufficient businessresources such as finance, human resources and equipment (bird, 2015). With assistance ofeffective and systematic planning and strategy, business can expand and gain desiredprofitability in the entrepreneurship. The following project report provides a depth knowledgeand understanding about different kinds of ventures and its business activities and functions andalso discussed on the differences and similarities of different business ventures. The importanceand benefits of small business enterprise in the economy has been also addressed in this report.Furthermore, characteristics skills and traits of a successful entrepreneur have been also studiedin this report.TASK 1P1 Diverse range of entrepreneurs and their relationship with the typology of entrepreneurshipEntrepreneurship involves various kinds of risk, a systematic strategic planning andallocation of fund upon the various business activities and functions. in this activity, entrepreneurdevelops a systematic planning and designing the activities of entity along with effectivebusiness decisions. Entrepreneurs are a person who invests their capital to often create andmarket new product and services. There are various kinds of business entrepreneurs which are asfollows-Small business entrepreneurship- Small business entrepreneur are those individual whoruns their own business along with their idea, thoughts, creativities. They just invest theirmoney in the business in order to gain effective profitability (Bae and et.al., 2014). Theyconvey their creativities and thoughts into the reality and contribute as manufacturers andtraders. For example: plumbers, electrician, beautician, carpenters, internet commercestores, coaching canters etc are the example of small business enterprise.Social entrepreneurship- Social entrepreneurs are non profit entrepreneurship venturesunder which very limited risks included. It is that business entities which takes risk in4
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