Small Business Management and Entrepreneurship

ENTREPRENEURSHIP AND SMALL
BUSINESS MANAGEMNET

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
P1.Different type of entrepreneurial ventures ............................................................................1
P2 Similarities and difference between entrepreneurial ventures ..............................................2
P3 Micro and small business effect on an economy...................................................................4
P4 Importance that start-ups and small business have on the growth of social economy..........6
PART 2............................................................................................................................................7
P5 Qualities of successful entrepreneur......................................................................................7
P6 Aspects of entrepreneurial personality which reflect their mind-set.....................................8
P7 Past experience and background which hinder entrepreneurship .........................................9
CONCLUSION..............................................................................................................................10
.......................................................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Entrepreneurship is a willingness and capability to improve, manage and organise a
business venture. The best example of entrepreneurship is the starting of innovative businesses.
This is the study which is based on improvement or development of new firm with innovative
plan. there are various entrepreneurs in the market which are present and will be contributing to
the economy. This report is based on small business management and in this the various ventures
which are present will be discussed together with there relation to the topologies. The roles and
characteristic of each will also be included in this (Down, 2010). There be some micro
businesses which will be affecting the economy and that will be considered in the below
mentioned report. There are various aspects by which the entrepreneurship will be hindered and
they will also covered in this report.
PART 1
P1.Different type of entrepreneurial ventures
There are various kinds of entrepreneurial ventures that are present in the organisation
and are described below: Lifestyle venture: According to this type of entrepreneurial venture, in the main aim is on
providing stable income to its business owners. Lifestyle venture plays an important role
in market on Company start-up's owners make investment in this industry so as to
control competition in the market. This venture will be located only at one location which
will be helpful for development and growth of a company. Survival venture: These type of venture is totally new in marketplace (Dennis Jr, 2011).
Such kinds of venture do not have formal registration, specific location as well as they
coordinated with bank. Managed growth venture: These kind of ventures are also new in the organisation and
they have stable and appropriate growth. These firms are having a large amount of
investment from its manager or investors.
 Aggressive growth venture: Under this kind are based on new technology that is very
important. They have strong ability to develop business growth and development. These
are achieve various funds from equity share capital.
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