Entrepreneurship and Small Business Management: Types of Ventures, Impact on Economy

Entrepreneurship and small business management
There are some entrepreneur launches who classified typology business of entrepreneurship which
are following elaborated:
Serial entrepreneurs: This is define about the business person who established a new business in a
very short period of time and involve innovative ideas also so that make did difference from other
business perspective. Their main focus is on to implement high level of creativity and new
innovations because they are associated with capability of risk taking and sitting for better
investment on which their Business Innovation get fulfilled in better format. For example Tesla the
most innovative and the type of serial entrepreneurship where this company is having motive to
provide more advanced artificial intelligence type of product and services in Automotive and other
structure segment.
Social entrepreneurs: In this entrepreneurship it is described a form of topology on which over all
individuals they have the responsibility e to certain social benefits generate and get motivated by
the helping people to achieving their needs and wants. On the basis of individual get link and
coordinated with the other social entrepreneurship undertaking and with the help of butter
advantage to be assured. For example Amazon can be considered as social entrepreneurs where
they promote over all brands products and services to help customer to choosing as per their own
choice of brand and helping them to provide the services like home delivery and generating the
suggestions by them.
INTRODUCTION
The description of Entrepreneurship is a business concept which defines about specific task or an
activity which involves creativity Idea elevation with properly organising developing and
maintaining all organisation towards a large amount of profit focus achievement. And I'm not can
be classified into different form of business it can be small medium large type of business where
small business management is defined at a processor of properly managing and structured all
phases of small business whether it is in accordance with managing suppliers for performing
construction task and activities. In terms of entrepreneur it is business organisation that deals with
the several kind of opportunities and also innovation so that better economic and social value can
be implemented. Employer report it highlighted different types of and terminal branches and
having comparison between them in terms of how their size and scope impact on social economic
and their importance. It is former digital marketing interventions also a technology provider the
offer audience and paid search to social media for promotional activity business.
TASK 1
P1 Types of entrepreneurial ventures and how they relate to typology
As per the description of entrepreneurship is encompasses in a capacitor form which enhance and
implement an organisation on the time of dealing with various circumstances in order to achieve
better profits. At before implementing any kind of cooperation it is essential to must have
entrepreneurship :
Small business entrepreneurship: According to this entrepreneurship where it is privately-owned
company where have small capital and very less man power established. It can be form of sole
proprietorship and other Enterprises the same point of time which has leser annual revenue. It is
being evaluated that almost each organisation are small and entrepreneurship venture and I will
contact with those people who are more shows their interested in upgrading profit and will support
in efficient manner.
Large company entrepreneurship: It is defined data companies which are includes to strong and
high range of life cycle where it's also detailed describe about new Association with in the current
business only. In relation with this venture the new product that to produce an enlarged to meet all
the preferences effectively the large entrepreneurship basically focus on high profit maximization
as they have wide range of capital manpower and other advanced resources they can a phone and
compete with multinational companies who are already exist in current market innovation because
they are associated with capability of risk taking that gets converted into failure and gets linked
with scalable startup.