Understanding Entrepreneurship and small business management Assignment

UNDERSTANDING
ENTREPRENEURSHIP AND
SMALL BUSINESS
MANAGEMENT
Unit Code: T/508/0495
Session: December 2018
Teacher Name: Girish Dahal
Submitted By: Manish Bajgain

Table of Contents
Executive Summary.....................................................................................................................................4
Different types of entrepreneurial ventures and how they relate to the typology of entrepreneurship....4
Microenterprise Ventures.......................................................................................................................5
Lifestyle firms..........................................................................................................................................5
Aggressive growth Ventures....................................................................................................................5
Medium-sized ventures...........................................................................................................................5
Describing the differences and similarities that lies in the entrepreneurial ventures.................................6
Discuss micro and small business impact that falls on the economy...........................................................7
Explaining the importance of small business and describe the startup growth of social economy:............9
Describing the main characteristics of skills and traits of successful entrepreneurs that differentiate with
the managers of business..........................................................................................................................10
Proper planning: -..................................................................................................................................10
Managing of Capital: -...........................................................................................................................10
Ability to take risk: -...............................................................................................................................10
Motivation and passion: -......................................................................................................................10
Hard working: -......................................................................................................................................11
Analyzing the personality of entrepreneurial that reflects with the mindset and motivation...................11
Demonstration by examples about the ways personal background and experience can hinder or foster
entrepreneurship......................................................................................................................................11
Conclusion.................................................................................................................................................13

Who we are
Regional Society of Trade and commercial （RSTCA（ are a Business Consulting & IT
Consulting focused on Venture Development, Management Consulting, Financial Advisory and
Investment Advisory, IT Advisory which helps to bridge the gap between wealth and
entrepreneur.
RSTCA was Started on the year 2013 as business consulting unit it converted to Entrepreneurs
Development and Investment Center. Mission of RSTCA is to build 1000 new ventures every
year under the Banner RSTCA.
Contact Us
Telephone number: [phone]
Email: [e-mail]
Registered Address: Lazimpat, Kathmandu, Nepal PO Box 7101, Kathmandu, Nepal

Executive Summary
We will explore the many forms of entrepreneurial initiatives as well as the contribution of
micro, small, medium, and big businesses to the Nepalese economy in this brochure. We will
learn about the concept and scope of entrepreneurship, as well as the enablers, catalysts, and
hurdles to business creation in Nepal. We will study the impact of national culture and
economics on entrepreneurship, as well as the significance and relevance of small businesses in
Nepal's economy, as well as social enterprise and the social economy. We'll figure out how to
balance risk and reward while launching a new business.
Nepal is the least developed country in the world. Because more than 30% of the population
lives in poverty, the annual per capita income is lower than in other wealthy countries such as the
United States. Nepal has been lagging behind in terms of industrialization. We derive 8% of our
GDP from the industrial sector in Nepal, and it also employs around 2% of the economically
active people. Nepal has an issue with unemployment and underemployment. As a result,
entrepreneurs might be the nation's major hero in terms of economic development. Entrepreneurs
have the ability to create jobs and help people overcome the cycle of poverty. Nepal's economy
is a narrow open economy with a strong underlying economic structure, making it a particularly
appealing location for new business operations.
An entrepreneurial enterprise is an organization that identifies and implements novel strategic
strategies in order to generate economic or social value. The major purpose of an entrepreneurial
venture business is to achieve profitability and growth through innovative strategic planning. In
our country, there are many different forms of entrepreneurial ventures. Various types of
entrepreneurial ventures operate in a variety of ways. Entrepreneurial endeavors play a critical