Entrepreneurial Venture: Different Types of Entrepreneurship and their Impact on Economy

Entrepreneurship and
Small business.
Entrepreneurial Venture
Part A

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
P1. Illustrate about different entrepreniual ventures and how they relate to typology...........1
P2. Similarities and differences between entrepreneurial ventures........................................3
Task 2...............................................................................................................................................4
P3. Discuss statics to analyse about how micro and small entrepreneurship impact on
economy.................................................................................................................................4
P4. Evaluate the importance of small business and start up for better growth of social
economy.................................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

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.
MAIN BODY
Task 1.
P1. Illustrate about different entrepreniual 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 guidelines full stop in situation with different ventures it is described as the
business organisation that leaves the level of innovation and opportunities to be driven for better
values that created more positive outcomes. For example Amazon Tesla these are the recent most
influence entrepreneurship example where Jeff bezos and Elon Musk who are the founders of
Amazon and Tesla they have their innovative mind on which they create their company to not for
making focus on Profit maximization but also they have major priority to change the economy to
change different from other business perspective. In following there are some types of
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
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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
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.
P2. Similarities and differences between entrepreneurial ventures.
Basis Scalable start- Small Privat Public Social Large
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