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Characteristics, traits and skills of successful entrepreneurial ventures

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Added on  2020-06-05

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ENTREPRENEURSHIP INTRODUCTION 1 TASK 11 P1 Different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship 1 P2 Similarities and differences between entrepreneurial ventures 4 TASK 25 P3 How micro and small businesses impact on the economy 5 P4 How important small businesses and business start-ups will contribute to the growth of the social economy 7 TASK 38 P5 Characteristics, traits and skills of successful entrepreneurs8 P6 How aspects of the entrepreneurial personality

Characteristics, traits and skills of successful entrepreneurial ventures

   Added on 2020-06-05

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ENTREPRENEURSHIP
Characteristics, traits and skills of successful entrepreneurial ventures_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of entrepreneurial ventures and explain how they relate to the typology ofentrepreneurship..........................................................................................................................1P2 Similarities and differences between entrepreneurial ventures.............................................4TASK 2 ...........................................................................................................................................5P3 How micro and small businesses impact on the economy.....................................................5P4 How important small businesses and business start-ups will contribute to the growth of thesocial economy............................................................................................................................7TASK 3............................................................................................................................................8P5 Characteristics, traits and skills of successful entrepreneurs.................................................8P6 How aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset................................................................................................................................................9TASK 4..........................................................................................................................................10P7 How background and experience can hinder or foster entrepreneurship.............................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12.......................................................................................................................................................13
Characteristics, traits and skills of successful entrepreneurial ventures_2
Characteristics, traits and skills of successful entrepreneurial ventures_3
INTRODUCTIONIn modern era, entrepreneurs are the person who start their business for archivingfinancial benefits in which they take more risk for enhancing their profitability in market place.Without taking risk they can not able to achieve competitive advantage. In this entrepreneurshipplay important role in development of economy growth of the country (Entrepreneurship, 2017).It is an effective process to develop as well as set up new business in the market in which theyprovide quality services to their customers to achieve positive outcomes in appropriate manner.Along with this, government also provide their support to entrepreneurs to start business whichdirectly contribute in overall economy growth by providing job opportunities to their localpeople. They also provide innovative products to their customers to achieve their highersatisfaction. Present report is based on various entrepreneurial ventures and its typologies. Itmentioned similarities and difference between entrepreneurial ventures which contribute inoverall growth of the economy. Along with this characteristic, traits and skills of successfulentrepreneurs is also mentioned in this report. Person background and past experience is alsodiscussed in this project. TASK 1P1 Different types of entrepreneurial ventures and explain how they relate to the typology ofentrepreneurshipIn today's business environment, a person who start a new business with the aim ofachieving better success at market place is called as entrepreneurs. They provide as well as settheir quality products to their customers in order to achieve higher success and also increasingtheir living standard which impact on overall growth of the economy. In operating new businessan entrepreneur take various risk to attain positive results. In which they deliver quality servicesto their customers in order to get their higher success at market place.Entrepreneurs are the person who start their new business for the purpose achievingfinancial gain in appropriate manner. In this they take financial risk for converting into moreprofitability in most effective manner. One of the main aim of entrepreneurs is to achieve highersuccess by providing new and innovative products at market place. It helps in satisfyingcustomers need and also improve their living standard. 1
Characteristics, traits and skills of successful entrepreneurial ventures_4

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