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Small Business management & Entrepreneurship Assignment

   

Added on  2020-07-23

12 Pages3493 Words35 Views
EntrepreneurshipProfessional Development
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Entrepreneurship And SmallBusiness management
Small Business management & Entrepreneurship Assignment_1

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P1 Types of entrepreneurial ventures and relation with different entrepreneurship...................1P2 Similarities and difference between entrepreneurial ventures ..............................................2P3 Impact of small business on the economy.............................................................................3P4 Importance of small and start up business on social economy' growth ................................4TASK 2............................................................................................................................................5P5 Factors which makes successful entrepreneur ......................................................................5P 6 Aspects of entrepreneurial personality which reflects their mindset....................................6P7 Person's background can hinder foster entrepreneurship.......................................................6CONCLUSION ...............................................................................................................................7REFRENCES...................................................................................................................................8
Small Business management & Entrepreneurship Assignment_2

Small Business management & Entrepreneurship Assignment_3

INTRODUCTION Entrepreneurship is that kind of process which is engaged in introduction, moving newbusiness, designing, offering products and selling them. Individuals who create this type ofbusiness known as entrepreneurs (Tracey, 2011). While defining businessperson they mainlyfocused on their business decision making, launching and running that business smooth-textured.They deal with high risks while actuation of an start up. Management referred as organizebusiness with control and coordination by managing activities done by employees to completerespective target of that business. This study is going to present various aspects of Federation ofSmall Businesses (FSB) and entrepreneurialism, will explore types of businessperson how theydeal with different type of organisation. It will going to present importance of start ups and keyfactors which will affect market (Hockerts, 2010).TASK 1P1 Types of entrepreneurial ventures and relation with different entrepreneurship.It is analysed that, there are various types of entrepreneurial entrepreneurial venturessome of them are as follows :- Survival ventures :- This business generally make available subsistence to families ofentrepreneur and themselves too. They don't maintain any bonding with banks, doesn't considerany land site, they do operation on the basis of cash and barter system although they don't maketheir firm register formally. Lifestyle venture :- This venture provide stabilise income to proprietor through the basisof business model and entrepreneur. They invest some times on the maintenance so, they shouldstand in competitive market. These have individual positioning, they have very few numbers ofemployees along with they don't find growth and progress (Schaltegger, 2011).Managed growth ventures :- This venture got stable growth , and feasible model ofbusiness. They regularly invest on the business through which they easily catch up developmentand growth. They timely launch products, firm location is stabilised, staff and employees aregenerally few.Aggressive growth ventures :- They are one who go with technologies and doing timelystrong innovations through which they go with development. They are unfunded by equitycapital (Djankov, 2010) . 1
Small Business management & Entrepreneurship Assignment_4

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