Entrepreneurship and Small Business

This presentation provides an overview of entrepreneurship and small business ventures. It discusses different types of entrepreneurial ventures and their relationship with typology. It also explores the similarities and differences between entrepreneurial ventures. The presentation concludes with a discussion on the importance of entrepreneurship and its impact on society and the economy.

Entrepreneurship and small business

Table of Content
 Introduction
 Different types of entrepreneurial ventures and how they relates to typology
 Similarities and differences between entrepreneurial ventures
 Conclusion
 References

Introduction
Entrepreneurship is defined as procedure of launching, designing and running new business
which is often small firm. It is the willingness and capacity to organise, manage and develop
business venture and bearing risk to make high profit margins. This is managed and developed
by entrepreneur by bearing high risk to earn profits. Similarly, entrepreneurial venture is
defined as way of providing advisory services to early as well as mid stage organisations.

Different types of entrepreneurial ventures
and how they relates to typology
Entrepreneurial Venture
It is defined as the concept of providing advisory services to both initial and mid stage
companies so that they can perform well and achieve goal and objectives of business in an
effective and efficient manner. This is very important because it helps in generating new
wealth, community development and so on.

Cont.…
Different types of Entrepreneurial Ventures
There are various types of entrepreneurial ventures which are described below:
 Small Business Entrepreneurship
 Scalable Start-up Entrepreneurship
 Large Company Entrepreneurship
 Social Entrepreneurship

Cont.…
Apart from these above other types of entrepreneurship are as follows:
 Public Enterprise
 Private Enterprise
Different types of Topology : The different types of topology of entrepreneurship are as
follows:
 Lifestyle Ventures
 Survival Ventures
 Growth Ventures

Cont.…
Relationship of Topology with Entrepreneurship Venture
Entrepreneurial Venture Relationship of topology with
entrepreneurship venture
How they work
Small Business Entrepreneurship Survival For fulfilling needs of family
Scalable Start-up Entrepreneurship Growth Adopting new technology
Large Company Entrepreneurship Growth Analysing market and adoption of latest
technology
Social Entrepreneurship Lifestyle Analysis of market

Similarities and differences between
entrepreneurial ventures
The similarities and differences between entrepreneurial ventures are as follows:
Similarities Among Private, Public and Social
 Structure of each venture is different but common intent is related to adjoining department
functions in order to attain goal and objectives in an effective and efficient manner.
 These all three focuses on development of career which support employees growth to drive
towards satisfaction and retention.

Cont.…
Differences Among Private, Public and Social
Basis of Differences Private Enterprises Public Enterprises Social Enterprises
Characteristics Main characteristic is that it does not
involve intervene of government as it
is controlled by own or businessman.
This enterprises are controlled and
managed through government,
authority and others.
This enterprises are societal intent,
ownership and so on.
Objectives Main objective is to achieve high
profit margins.
Main objective is to maximise the
speed growth of economic.
Main objective is to work for
welfare of society than to attain
profits.
Structure The private enterprise has flat
structure that focus on consistency of
functions.
The public enterprise possess
hierarchical structure due to high
authorities performing continuous
practices.
Social enterprise follows functional
structure that has an intent to
accomplish goal of business with
helps of combined potential.

Cont.…
Size The size of respective enterprise
depends on aim and objectives of
business.
This enterprise is huge in size due
to formation of capital from market
or public to enhance value of
organisation.
Size varies due to intent of
enterprise and duration of time for
development.
Roles The main role is to provide
employment opportunities within
country in order to develop and grow
at marketplace.
The main role is maximising
supply of local jobs in an effective
and efficient manner.
The main role is to develop living
standard of people for societal
development.
Examples Marks and Spencer Oil company British Petroleum Gravity Lights

Cont.…
Comparison Among Micro, Small and Medium Enterprise
Basis of Comparison Micro Enterprise Small Enterprise Medium Enterprise
Definition It is defined as enterprise which
has annual turnover of £1 million.
This is defined as enterprise which
has annual turnover of £1 million
to £20 million
This is defined as business that
generates turnover around £20
million to £300 million.
Example Boss Brewing Marshfield Bakery Trading Scents

Cont.…
Differences Among Micro, Small and Medium Enterprise
 The main aim of all these enterprises are to generate profits and focus on development of
economy in an effective and efficient manner.
 All these enterprises focus on survival as well as sustainability at competitive market for
long time period.

Conclusion
From the mentioned report, it has concluded that entrepreneurship is important practices that
should be adopted by individual to manage and start their own venture at competitive market.
Different types of entrepreneurial venture exist at marketplace such as small, large, private,
public and so on which are related to topology of growth, lifestyle and survival. These venture
has different aim and objectives but these focus on fulfilment of need and demand of society
and their people.

References
 Cornwall, J.R., Vang, D.O. and Hartman, J.M., 2019. Entrepreneurial financial
management: an applied approach. Routledge.
 Davies, I.A., Haugh, H. and Chambers, L., 2019. Barriers to social enterprise
growth. Journal of Small Business Management. 57(4). pp.1616-1636.

Thank You