Understanding Entrepreneurship and Small Business Management

Added on -2020-02-05

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Entrepreneurship andSmall BusinessManagement
Table of ContentsINTRODUCTION...........................................................................................................................4TASK 1............................................................................................................................................4P 1 Types of entrepreneur ventures and explain how they relate to the typology ofentrepreneur.................................................................................................................................4P 2 Similarities and differences between social entrepreneurship and lifestyle entrepreneurship.....................................................................................................................................................5M 1 Diverse range of entrepreneurial ventures to demonstrate an understanding ofentrepreneurship..........................................................................................................................6D 1 Scope, development and growth of entrepreneurial ventures in the UK.............................6TASK 2............................................................................................................................................7P 3 Impact of micro and small business on the UK economy....................................................7P 4 Importance of small business and business start-ups for the growth of UK social economy.....................................................................................................................................................7M 2 Differences small, medium and large business make to the UK economy.........................8D 2 Impact on different levels of the UK economy at local, regional and national levels........8TASK 3............................................................................................................................................9P 5 Characteristics traits and skills of Elizabeth Gooch and Tom Mercer and their differences9P 6 Aspect of entrepreneurial personality of Elizabeth and Tom reflect their entrepreneurialmotivation...................................................................................................................................9M 3 Examine different lines of argument relating to entrepreneurial characteristics...............10D 3 Analyse the characteristics traits , skills and motivational drivers of two successfulentrepreneurs.............................................................................................................................10TASK 4..........................................................................................................................................11P 7 Examine Elizabeth and Tom mercer, how personal background can hinder or fosterentrepreneurship........................................................................................................................11
M 4 Link between entrepreneurial characteristics and the influence of personal backgroundand experiences.........................................................................................................................11D 4 Personal background and experience influences entrepreneurs both positively andnegatively..................................................................................................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
INTRODUCTIONEntrepreneurship means starting of a new venture or new organization to design aproduct or to introduce it at a market place. Basically entrepreneurship is a person who is willingto establish an organization or enterprise or having the ability to face risk at international level.Mainly entrepreneurship and small business management means establishing of a new businessto maximise their profit by introducing new and innovative products to attract different sectionsof society(Blackburn, 2013). In other words entrepreneurship consist of very broad conceptbecause it contains all the external and internal factors which comes under small businessmanagement. Apart from this small business management is the term which explains themanagement of small- small enterprise emerging at a large extent to establish their footmark in apresent scenario. So all the relevant topics or matter covers under this entrepreneurship and smallbusiness management to establish their footprint at domestic and international level. TASK 1P 1 Types of entrepreneur ventures and explain how they relate to the typology of entrepreneurEntrepreneur ventures means description of various entrepreneur all over the world whichmean there is also various kind of entrepreneur are available in today's advanced world.Basically entrepreneur is a very broad concept due to which it also have various types forexample small business entrepreneurship, scaleable entrepreneurship, scalable start-upentrepreneurship and large company entrepreneurship(Hart, 2013)Small business entrepreneurship :- small business are those business who have a smallshops or stores near by market having a product like general stores , groceries items,hairdressers, electricians , plumbers etc. it means small business entrepreneurs are the

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