Small Enterprises: An Analysis

This assignment delves into the complexities of small enterprises by examining various aspects crucial to their success. It explores the challenges and opportunities related to credit scoring and availability for small businesses. The analysis further investigates the role of innovation in driving growth and performance within this sector. Additionally, it sheds light on the growing importance of social responsibility in shaping the future of small enterprises.

ENTREPRENERUSHIP

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship..................................................................................................3
P2 Explore the similarities and differences between entrepreneurial ventures......................5
TASK 2............................................................................................................................................6
P3 Assess and interpret relevant data and statistics in your mini-research, to illustrate how
micro and small businesses impact on the economy..............................................................6
P4 Explain how important small businesses and business start –ups will contribute to the
growth of the social economy.................................................................................................7
TASK 3............................................................................................................................................8
P5 Determine the characteristics, traits and skills of successful entrepreneurs, which
differentiate them from other business managers...................................................................8
P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation
and mind-set...........................................................................................................................9
TASK 4..........................................................................................................................................10
P7 Examine , using relevant examples obtained through your mini-research, how
background and experience can hinder or foster entrepreneurship. ....................................10
CONCLUSION..............................................................................................................................11
REFERECES.................................................................................................................................12

INTRODUCTION
Entrepreneurship may be defined the process, designing and running a new businesses.
Entrepreneurship is applied on the start-up business. The work of the entrepreneurs are offering
the product and services. The entrepreneur is main part of the entrepreneurship. The entrepreneur
lunched the production factor. There are many production available in the entrepreneurship like
human resource,financial factor,manufacture factor (Altman, Sabato, and Wilson, 2010).
Entrepreneur developing the business plan,human resource,leadership. Entrepreneurial consists
the risk factor. Entrepreneurship regulated the innovative,small size,and start-ups of the
company. The entrepreneurship consists the nature of the small level,median level and large size
firm. The entrepreneurship system is defined the government program and services.
Entrepreneurship provide the training from the school,collages and financial factor like mutual
fund,venture capital,rate on interest ,private limited company. The scope of the entrepreneurship
defined the many sector like school,hospital,university and new business start-ups. The
entrepreneur provide the innovative ideas for starting the new business. The entrepreneurship
creating the health of the economic and organisation level.
TASK 1
P1 Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship.
The entrepreneurship have many entrepreneurs they create the innovative
ideas,creatives things. The entrepreneurs are as follows-
Innovative entrepreneurs: The entrepreneurs is create the innovative ideas. The entrepreneurs
have the ability foe creating the new ideas for starting the business. It manage the organisation
objective and goals. The leader and the contributor for the economic sector they developing the
society. The organised related by the brake fast club in small industry (Cowling, Liu,and Ledger,
2012).
Imitating entrepreneurs: The Imitating entrepreneurs have own innovative and creative ideas.
This entrepreneurs permits the innovative entrepreneurship. The entrepreneurs consists the
situation of the market and industry. The entrepreneurs create the difficulties of the new and
innovative ideas. Development of the brake fast club developing the small company and
manufacture in the entrepreneurship. The entrepreneurs create the small business activity and

full fill their needs for achieving the innovative ideas. They relate to the typology of
entrepreneurship because the entrepreneurship refer to the self employed .
Feminist entrepreneur: the entrepreneur applied the individual entrepreneurship with creating
the organisation goals and objectives. The entrepreneur motivation the employees for innovative
and creating the initiative ideas. The entrepreneur create the social health and care of the people.
The work of the entrepreneur is designed the new ideas and planing of the innovative and
initiative business. the entrepreneur consider the leadership,management,motivation,and team
building the process. The entrepreneur create the risk of the profitability ratio in the company.
the utilisation of the work is defined the technology base system. The entrepreneur increasing the
productive ,introducing the new product and service. The entrepreneur use the effective
communication with the partners and investor (Islam, Khan, and Alam,2010).Fabians
entrepreneurs: The Fabians entrepreneurs implementing the new ideas and developing the small
industry. The Fabians entrepreneurs do not show the initiative ideas and innovative development
in the start-ups process.
Drone entrepreneurs: The Drone entrepreneurs is a social entrepreneurs consists the social
objective in various organisation including the education sector ,health care sector, hospitality
sector. The entrepreneurs drive the social innovative ideas and objective. The entrepreneur
applied the traditions practices.
Project entrepreneurship: project entrepreneur use the new technology system in the business
start-ups process. The project entrepreneur create the innovative and initiative plan for the new
business start-up. The project entrepreneur create the critical challenges and risk of the
businesses. The entrepreneur analysing the new businesses ,new ideas and characteristic for the
new venture. The entrepreneur was grow thing the industry,growth the high technology
system,high capital, small average in the new business. The entrepreneur collection the outside
debenture,external factor of the capital requirement.
Scalable start-up entrepreneurship: the entrepreneurship create the one day of the company
vision and mission. The entrepreneurship create the new ideas and initiative plan in the starting
the new business (Forsmanand Temel,2011.).
Large Company Entrepreneurship:the large number of the entrepreneur create the company life
cycle in the organisation. The entrepreneur create the large number of the company they produce
the new production of the product. They create the new technology system in large number. The

most important part of the entrepreneur is change the customer tastes, new competitors and
creating the innovative ideas. The entrepreneur attempting the large company size, variety of the
product.
P2 Explore the similarities and differences between entrepreneurial
ventures.
The entrepreneur world is basic use in the business. The explore is the term
used the exploration in the act of the regulatory system. The similarities of
the metric is defined the setting the document and creating the systematic
presentation. The systematic similarities defined the topological similarities.
The similarities is a formate of the establish in the organisation in the
business start-ups (Bellucci, Borisov, and Zazzaro, 2010). The similarities is
a mathematical tool for evaluating the strength of the semantic relationship
between the entrepreneurship. The similarities is a shape of the
transportation system. The similarities is the relationship between the
mathematical matrices. The similarities explorer computing by the string
metric.
Difference between the entrepreneurial ventures : the main difference of
the entrepreneurial ventures it always looking the different things,higher
number of the action and the energy level of the entrepreneurial. The
entrepreneurship make the content of the profit. The entrepreneurs have a
technical minded and they create the innovative and initiative ideas and
plan related to the organisation in term used the business start ups. The
entrepreneur look the small business and maintained the innovative ideas.
They looking the big business in the future. The entrepreneur have a right
to change the world in the organisation. The entrepreneur is making the
many thinking and indirecting the innovative plan. The entrepreneur is an
individual started the business and run the many resources for the giving
including the planing,organising,implementing and controlling the business
ideas.

The business ideas is used in the new innovative and initiative plan,
increasing the product and service and making the business model (Berger,
and Frame, 2007). The entrepreneur taking the high return and high level
of the risk and uncertainty of the entrepreneurial risk. The entrepreneurial
arrange the manufacturing product, capital of the row materials. And
produce the good and services for the marketing and distributing the sales
of the product. The brake fast club is dealing with the product and services
for the entrepreneurial venture for the innovative offering for the product.
The entrepreneurial calculated the unknown risk and uncertainty of the
product. The entrepreneurial started the businesses with the innovative and
initiative ideas and plan. The entrepreneurial create the experience of the
industry. The entrepreneurial secured the capital in the start-up business.
TASK 2
P3 Assess and interpret relevant data and statistics in your mini-research, to
illustrate how micro and small businesses impact on the economy.
Micro and small enterprise means they employing not more than nine
people and they having capital of 2,000,000 euros. They are normally
specialized in some good and products and they provide those products to
their local market. In UK, micro and small enterprises continuously growing
day by day (Bridge,and O'Neill, 2012).
Impact of micro and small businesses on economy: These type of business
can not help to generate more fund but they have an impact on the
economy, these are as follows-
Contributions: Micro and small businesses contribute in the economy, the
generate employment. According to a report, they provide private jobs to 44
percent people in UK.
Economic growth: They helps to increase the growth of the economy by
providing job opportunities to the people. They also provide jobs to those
people who are not employable by big organisations. Innovation and
creativity is very important for micro and small enterprises to compete

other small enterprises. They always tries to invent new products and
always apply new ideas or try to solve existing problems by new ideas.
Some small enterprises are very important for large enterprises because
they are highly depend on them. Large enterprises are depend on Micro and
small businesses for their various activities which can be only fulfil through
outsourcing (Burns, 2010).
Adaptability to changing climate: Small enterprises have ability to adapt
speedily if there is any changes in the environment. These types of
enterprises are highly customer-oriented and customers need and want are
change according to time. It is well known that large enterprises earn large
comparison to micro and small enterprises so they may have maximum loss
during the time of crisis compare to micro and small enterprises.
Job creation: Small and micro enterprises provide more job opportunities
to the people of their country. These types of enterprises are more labour
oriented. If they provide more jobs then they help to reduce unemployment
in to country.
Future growth: Everyone knows that it is not necessary that micro and
small business always retain small only. They grow according to the time
and earn more profits. They are highly customer oriented and it will help
then in growth. If they grow with the time then they also have to maintain
the standard of their products and services and provide goods to the
customers at a lower price. It they don't maintain the quality standards then
they can lose their customers. In growth of any enterprise customers are
must. And if they grow then they also helps to provide more opportunities to
the people. These type of enterprise also help to reduce the poverty line of
the economy (Ciampi, and Gordini, 2013).
P4 Explain how important small businesses and business start –ups will
contribute to the growth of the social economy.
Small businesses and start up businesses both are important for the growth
of the economy. Start ups means they are newly business and provide

people new products and services in a innovative and creative terms. Small
businesses are also provide goods and they employing not more then 9
people in their business. There are some certain importance of small
businesses and start up businesses in contribution to the growth of
economy, which are mentioned as below -
Responding flexibly to problems and challenges: Small and start ups
are very flexible and they can easily respond to the problems and challenges
comparison to large companies. They can easily take quick decision in
respond to problems.
Innovation: It is very important for any small and start up businesses
because innovative products can help them to retain in market. Because an
unique and different product can attract customers and if it is of best
quality and good price then it helps to retain them. So continuous
innovation also can helpful for the growth of social economy.
Low overheads: If they provide goods and products to their customers in
best quality and with a reasonable price then it also helps in growth of the
economy. Small businesses have their production on small scale though
they produce their products in low cost and also provide customers at the
lower prices (Goss, 2015).
Creativity: These type of businesses need more creativity to compete the
competitors. They attract new people and provide them training to develop
more creative and new products. They always make improvement in the
existing ideas for better outcomes and also to reduce costs of that product.
Competitiveness: Small and start ups businesses create more competition
in the market and also attract more customers or visitors. They are not
adding value in the economy but also they provide more competition to in
the market. As the competition continuously increases, so if the
businessman provide their customers goods and products in a innovative
and creative manner with a standard quality at a lower price then they will
survive in the marketplace. If there turnover is also increases then the firm

or business who earn less or minimum then they can not survive in the
market (Gronum, Verreynne, and Kastelle, 2012).
Developing personal relationship: Small and start ups businesses are
also helpful to develop their relationship with their customers, suppliers and
employees. They do their work in small scale so that they can interact with
people personally. It also helps to create their social value and helps to earn
more goodwill. They can direct promote their goods or services to their
customers and also they can easily get feedback from them and it will help
them to provide more satisfaction.
TASK 3
P5 Determine the characteristics, traits and skills of successful entrepreneurs, which differentiate
them from other business managers.
Characteristics of the entrepreneurship fiendish the business goodwill in the market. The
characteristics defined the entrepreneur ability to define in the entrepreneurship. The
entrepreneur developed the new and innovative ideas in the organisation. There are many
characteristics of the entrepreneur to developing the growth of the business.
Passion & Motivation: the entrepreneur have many passion of the related of the
work. The entrepreneur continuing improve the innovative ideas (Jenkins,
2009.).
Risk taking: the entrepreneur is a risk taker of the new business they read
to keep the uncertainty in the future. The successful entrepreneur taking
the uncertainty of the risk in the organisation.
Self-belief, Hard work & Disciplined Dedication: the entrepreneur is the self
motivative and self believe entrepreneur in the entrepreneurship. The
entrepreneur focus on the faith fully ideas and the project in the
entrepreneurship.
Adaptability & Flexibility: A good entrepreneur subordinating the new ideas
and innovative plans in the entrepreneurship. The entrepreneur is believe
the goods and the service in the marketing field in the entrepreneurship.
The traits and skills of successful entrepreneurs defined the starting of the

business. The entrepreneurs find the basic need for creating the new
businesses. The entrepreneurs write the business plan ,finding the
customers, taking the risk and uncertani8ty of the businesses plan.
Businesses ideas may be defined the idea related to the businesses.
Businesses idea taking for the long term and short term profit. The
entrepreneurs have more innovative and initiative ideas a plan for
developing the new business (Laforetand Tann,2006). They developing in
the franchise related to the ranking base quality,objective and success of
the business.
differentiate them from other business managers are defined the other
businesses of the original ideas,purpose of the doing the idea, inflation of
the risk,treats of the employees and the customers,competition in the
market and thinking of the money. The entrepreneur for the other
businesses deal with time in the other entrepreneurship. They businessman
responsibilities is seeing the opportunities of the making the innovative
ideas and plan. The entrepreneur make the opportunities in living. The
entrepreneur see the successful businesses in the entrepreneurship level.
He simplify the job and history of the business.
P6 Assess how aspects of the entrepreneurial personality reflect
entrepreneurial motivation and mind-set.
The entrepreneurial personality may be defined characteristic of the
entrepreneurial in the entrepreneurship. There are many points to defined
the personality including the -
passionate: it is the most part of the entrepreneurial personality to show
the passion level in the entrepreneurship (Landstrom,2007). It simplify the
hard working of the passion for the long time. This personality motivated
related to the money.
Resilient: the resilient personality defined the determination of the high
plan of the businesses. This personality identify the strength of the
entrepreneurial and calculated the negativity of the personality.

Self possessed: this personality define the self motivation and self
regulation in the entrepreneurship. This personality identifying the self
confidence surrounding with the other person. The entrepreneur
personality identifying the knowledge, skill, background of the
entrepreneurial. This personality check the empty of the knowledge related
to the work
Decisive: this personality comfort the level of the risk and uncertainty. This personality defined
the data of the decision making system and information related to the big organisation.
Fearless: this personality define the entrepreneur health and care. The personality develop the
entrepreneurs and reducing the businesses risk (Lepoutre, and Heene, 2006).
Financially Prepared: the Financially Prepared make the leap year financial profitability ratio.
This personality refer to the full time registration of the business. start-up entrepreneurial
motivation and mind-set defined the group of the people , method of the
tools and the choices The human mind set if defined the chain of the
command. The entrepreneurial mind set defined the new idea and
innovative and initiative plan in the entrepreneurship. The mind set defined
the longer time period of the work. The entrepreneurial mind set is defined
the fixed mindset and growth mind set of the of the human believe in the
organisation. The mind set of the entrepreneurial increasing the
productivity of the product.
TASK 4
P7 Examine , using relevant examples obtained through your mini-research,
how background and experience can hinder or foster entrepreneurship.
The background is the most important role play in the entrepreneurship
because the entrepreneurship mos important part of the new business start-
ups. The entrepreneurship is define the business background and history of
the entrepreneurship. The entrepreneurship make the motivation of the
entrepreneur in the entrepreneurship (Altman, Sabato, and Wilson,2010).
The motivation of the entrepreneur is related to the family background. The
business start the new generation of the including their motivation. The

human experience is also meter to starting the new business in the
entrepreneur . The entrepreneur play the important role in the
organisation. The motivated entrepreneur define the growth and
development of the organisation. There are various low and regulation in
the entrepreneurship. The entrepreneurship define the how to manage the
work environment. The entrepreneurship make the responsibilities of the
making the new and innovative ideas. There are main responsibilities make
the government because the start-up of the businesses face the many
problems. The entrepreneur create the uncertainty of the risk and minimize
the risk. The government policy make the rules and regulation regarding to
the business starting. Company assets and liabilities also effect the
entrepreneur in the entrepreneurship. The entrepreneur provide the many
facility of regarding to the environment. The businesses start-up define the
two parts start-up one of this the family business in the in the
entrepreneurship entrepreneurship play the role in the economic sector,
financial sector, marketing sector. There are various laws like environmental act.
Minimum labour rate act, competitive policy, care and safety act at the work environment also a
great importance. The government regulatory system provide the financial support. The
employees devolving the entrepreneurship plan in the organisation. The employees provide the
transforming the data of the employees. The entrepreneur minimize the problem and preparing
the advantages of the target market (Cowling, Liu,and Ledger, 2012). They define the
research and methodology of the target project. The entrepreneur avoid the financial trouble. The
entrepreneur recognising the company balance sheet and outstanding of the liabilities. The
entrepreneur getting the many sources of the starting the new business in the organisation. The
entrepreneur manage the financial statement including the balance sheet,profit and lose account
and trading account .the entrepreneurs increasing the profitably ratio. The business regulating
provide the customer satisfaction in the organisation. The environment of the entrepreneurship
defined the capability of the entrepreneurship personality. They management the longer time
profit in the entrepreneurship. the entrepreneurship defined the innovative and creative ideas and
define the regulatory system.

CONCLUSION
As per the above mentioned report it has been concluded that entrepreneurship having a
large role in the economy of a particular country. The report is explained about the different
types of ventures and its role in the economic growth and society development in the United
Kingdom. The report also discussed about the major characteristic and traits of a leadership and
how its differentiate from a manager. The role of personality and leadership in the influencing
factors and success in the business operations. In the end the report has been concluded about the
background and experience in small business enterprises so that they can attain their targets in a
effective manner.

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