Report on Different Types of Businessperson Venture
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Added on 2020-06-04
Report on Different Types of Businessperson Venture
Added on 2020-06-04
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UNIT 9 ENTREPRENEURSHIP
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P.1 Different types of entrepreneurial venture and link with typology of entrepreneurship......1P.2 Similarity and difference between entrepreneur venture......................................................2TASK 2............................................................................................................................................3P.3 Micro and small business impact on economic ...................................................................3P.5 Small business and start up importance................................................................................4TASK 3............................................................................................................................................5P.5 Characteristic, traits and skills of two successful entrepreneurs...........................................5P.6 Entrepreneurial motivation and mind set..............................................................................7TASK 4............................................................................................................................................8P.7 Background and experience help entrepreneurship..............................................................8CONCLUSION................................................................................................................................9REFERENCE...................................................................................................................................1
INTRODUCTION Entrepreneur is a person who believes in action at work place. Entrepreneurship is aprocess of designing, launching and running new business which is basically a small scaleenterprise. In this context, present report is based on the small business enterprises in UK. In thisway, entrepreneur is help to solve business issue and development on the nation (Drucker andet.al 2014). This report is based on VANARAMA small sector system and provide differentkind of serves furnish auto-mobile sector. In this report is focus on entrepreneur mind set is helpto motivate other people and different types of businessperson venture. With the help ofenterprising activity in small business increase the level of performance in market. TASK 1P.1 Different types of entrepreneurial venture and link with typology of entrepreneurshipIn small business enterprises is help to many kinds on venture. An entrepreneur venturewho start a run business in limited resource and planing. It is also inculcated that taking accountof all risks in small business. In this, business idea is based upon innovation and introduce newproduct or services introduce in market (Kirzner and et.al , 2015). Entrepreneurial venture is
help to increase the level of execution in new business in market. In such a way different typesof entrepreneur venture are as follows :- Small business enterprises: - In small enterprise enterprises is inculcated grocery store,plumbers and consultant. All such are work in small business enterprise and increase thenlevel of execution in market. They are anyone who own business. They are hire local andfamily member in midget business (Kuratko and et.al 2016). In such factor most arehardly profitable in market and use new techniques in small business to increase incomeratio. In such business definition of success is to feed the family and make a profit only.Not to take up in next level in small business. Scalable start up enterprise: - In this factor is help to increase the performance leveland maintained increase and focus on vision form day one. This kind of entrepreneur startan establishment to knows form their vision could change the world. They are focus onattract investment with the help of financial investors (Storey and et.al 2016). This typeof entrepreneur is hire the best financial adversary. In this context they are focus on themore venture capital and future expansion. Large company entrepreneurship: - In such case large company is like an exhaustiblelife cycle. It is help to introduce new things with the help of innovation and around therecore products. This type of entrepreneur is focus on change in taste of consumer andintroduce new technology and new competitors in market. All such factor is to be used inlarge organisation (Shepherd and et.al 2015.). Introduce new products in market is not aneasy task in market. With the help of innovation and research work is most importantfactor. Social entrepreneurship: - In social entrepreneurship is to be focus on create newproducts and services to solve social need and help them to increase level of productionand remove any problem. This type of entrepreneurial venture is may be non profit, forprofit or hybrid. In typology of entrepreneurship is to be focus on proper classification of work are doing in workplace. It is help to study and interpretation of types and symbols are per the social science. P.2 Similarity and difference between entrepreneur ventureIn such a way there are some similarity between the entrepreneurial venture and somedifference as well (Schaper and et.al 2014). In this report is to be focus on both the factor to
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