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Types of Entrepreneurial Ventures - PDF

   

Added on  2021-02-19

20 Pages6033 Words716 Views
Leadership ManagementEntrepreneurshipProfessional Development
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ESBM
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Table of ContentsINTRODUCTION...........................................................................................................................1PROJECT PART A..........................................................................................................................1Types of entrepreneurial venture............................................................................................1Similarities and difference in between entrepreneurial ventures...........................................3Statistics to demonstrate the influence of SME’s over Australia’s economy........................6PROJECT PART B..........................................................................................................................9Characteristics, traits, skills and motivational drivers of successful entrepreneurs...............9Characteristics of entrepreneurial personality reflect entrepreneurial motivation...............13Critique of impact of entrepreneurial background & experience on entrepreneurship........14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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INTRODUCTIONEntrepreneur is an individual who initiate business idea while taking risk as to acquireadequate profitability and long term sustainability. There are different types of entrepreneurialventure that an entrepreneur undertakes as to gain. Entrepreneurship in this, is acts as an pursuitof opportunity that are effectively evaluated by entrepreneur as to develop, manage and organizebusiness as to make profit. Present report includes concept of entrepreneur along with differenttypes of entrepreneurial venture. In addition with this, impact of small scale business and startups on a country economy are covered in this report. Along with this, traits and skills ofentrepreneur are also described in this project. Furthermore, numerous forms of entrepreneurialmotivation, skills and traits along with background and experience are included in this report thatwill diversify project understanding.PROJECT PART ATypes of entrepreneurial ventureEntrepreneurship acts as a process in which there is a capacity along with willingness tocreate, organize and manage an organisation venture are done by an entrepreneur along with riskmeasure as to make effective amount of profit. There are mainly four different types ofentrepreneurial venture that includes scalable, social entrepreneurs, small business and largecompanies. Entrepreneurs in every state conduct their operations with having limited resourcesand capital along with risk elements as to perform their operation and contribute in countryeconomy. Mentioned below there are numerous form of entrepreneurial ventures defined below:Small business entrepreneurship: In Australian economy there are number of small-business ventures that widelycontributes in country GDP and economic growth. These ventures are mainly run by soleindividual, small ratio of employees, family and partners. With the effective contribution of theseentrepreneurial ventures country can effectively able to increase their growth prospective thatwill further allow them to increase their international image in global marketplace. Mentionedbelow there are some certain examples of small entrepreneur such as mobile retailers, small scaleproduction houses and internet cafe consulting.Scalable start-up entrepreneurship:1
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