Unit 9: Entrepreneurship and Small Business Management (ESBM)

Unit 9: Entrepreneurship and
Small Business Management
(ESBM)

Unit 9: Entrepreneurship and
Small Business Management
(ESBM)

Contents
INTRODUCTION...........................................................................................................................2
TASK1.............................................................................................................................................2
P1: Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship..................................................................................................2
TASK2.............................................................................................................................................5
P3: Interpret and assess relevant data and statistics to illustrate how micro and small
businesses impact on the economy.........................................................................................5
P4: Explain the importance of small businesses and business start-ups to the growth of the
social economy.......................................................................................................................6
TASK3.............................................................................................................................................7
P5: Determine the characteristic traits and skills of successful entrepreneurs that differentiate
them from other business managers.......................................................................................7
P6: Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation
and mindset.............................................................................................................................8
TASK4.............................................................................................................................................9
P7: Examine, using relevant examples, how background and experience can hinder or foster
entrepreneurship.....................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
1