Unit 9 - Entrepreneurship and Small Business Management.

Unit 9 - Entrepreneurship and
Small Business Management

Table of Contents
INTRODUCTION................................................................................................................................3
TASK 1.................................................................................................................................................3
P1: Examining entrepreneurial ventures, relation to typology of entrepreneurship...................3
P2: Discussing similarities and differences of entrepreneurial ventures....................................4
TASK 2.................................................................................................................................................5
P3: Discussion on relevant data along with statistics analysing micro & small businesses having
impact on economy.....................................................................................................................5
P4: Importance of small businesses & start-ups in social economy...........................................6
TASK 3........................................................................................................................................8
Covered in PPT...........................................................................................................................8
TASK 4.................................................................................................................................................8
Covered in PPT...........................................................................................................................8
CONCLUSION....................................................................................................................................8
REFERNCES.......................................................................................................................................9
Table of Content
INTRODUCTION................................................................................................................................2
TASK 1.................................................................................................................................................3
P1: Examining types of entrepreneurial ventures, their relation with typology of entrepreneurship ..3
P2: Discussing similarities and differences of entrepreneurial ventures..............................................4
TASK 2.................................................................................................................................................5
P3: Discussion on relevant data and statistics analysing micro and small businesses impact on
economy...............................................................................................................................................5
P4: Importance of small businesses and start-ups in social economy..................................................6
TASK 3.................................................................................................................................................7
Covered in PPT...........................................................................................................................7
TASK 4.................................................................................................................................................7
Covered in PPT.....................................................................................................................................7
CONCLUSION ...................................................................................................................................7
REFERNCES ......................................................................................................................................9

INTRODUCTION
Entrepreneurship can be understood as one of the most essential aspect evolving in today’s
competitive business world where creating change with innovation, high scale resource planning
and new scale growth are essential factors. Role of entrepreneur is to bring on creative change
among businesses with varied innovative operation strategies, expand towards commercial aspects
and hold optimistic approach. ASDA company entrepreneurs have been taken in report to analyse
various factors within their skills, evolving towards new vision oriented goals with high revenue
standards. ASDA has been competently growing by constant innovation, delivering constant quality
products to customers, making entrepreneurs success highly successful. Report will be discussing
various entrepreneurial ventures, relation with typology of entrepreneurship and their differences,
similarities among each other. Study will analyse impact of start-ups, small businesses to create
social impact on economy scenarios imperatively and for strengthening employment rates. The
research will further focus on traits, skills of successful entrepreneurs, which plays crucial role in
productive diversity horizons and varied aspects impacting motivation among employees.Study will
further bring analytical understanding towards background and experience impact on
entrepreneurship, in hindering or fostering entrepreneurship further (Bai, 2018).
INTRODUCTION
Entrepreneurship can be understood as one of the most essential aspect evolving in todays
competitive business worldwhere creating change with innovation, high scale resource planning and
new scale growth are essential factors. Role of entrepreneur is to bring on creative change among
businesses with varied innovative operation strategies, expand towards commercial aspects and hold
optimistic approach. ASDA company entrepreneurs have been taken in report to analyse various
factors within their skills, evolving towards new vision oriented goalswith high revenue standards.
ASDA has been competently growing by constant innovation, delivering constant quality products
to customers, making entrepreneurs success highly successful. Report will be discussing various
entrepreneurial ventures, relation with typology of entrepreneurship and their differences,
similarities among each other. Study will analyse impact of start-ups, small businesses tocreate
social impact on economy scenarios imperatively and for strengthening employment rates. The
research will further focus on traits, skills of successful entrepreneurs, which plays crucial role in
productive diversity horizons and varied aspects impacting motivation among employees.Study will
further bring analytical understanding towards background and experience impact on
entrepreneurship, in hindering or fostering entrepreneurship further.
TASK 1

P1: Examining entrepreneurial ventures, relation to typology of entrepreneurship
Entrepreneurship refers to the ability to develop, organise new business enterprise with high
passion vision, for implementing new innovative ideas and analyse uncertainties in order to create
profits in longer time frame. Entrepreneurial activity can be understood as evolving on enterprising
action of human in pursuit of generation towards creation, value, or expansion in diverse economic
activities by evolving on new ideas. The types of entrepreneurial ventures can be analysed in terms
of size and growth rates, with unique contributions to economic vitality at economy level (Four
Types of Entrepreneurship, 2021).
 Micro enterprises: This venture type can be understood as small business who sells their
goods along with their services in local market and having less than 10 people, with limited
range of financial funding. Small Businesses have no employees other than the self-
employed owners, which form micro enterprise business goals.
 Medium sized enterprises: This type of firm generally has more than 10 employees but less
than 50 employees in workforce, which forms varied range of creative working operations.
The medium sized enterprises are growing in structure aspects where creative diversity is
also vividly expanding on new domains further (Cumming, 2018).
 Large sized enterprises. With more than 1000 employees employed and have annual
revenue more than 1 billion, these companies are named as large sized firms.
Based on typology entrepreneur ventures can be analysed as follows:
 Serial entrepreneurs: This category of entrepreneurs are someone who starts and leads one
business after another, multiple businesses at same periods. There is constant growth in
development of new ideas, for day to day operations among corporate growth towards
varied business platforms.
 Social entrepreneurs: They form category of leaders who pursue novel functions , have
new potentialities to bring on wide community based services, catering to welfare and
social care facilities. There is effort to create long scale changes in positive working
behaviour by building new creative initiatives, for best wellbeing (Solesvik, 2019).
 Entrepreneurs: These are entrepreneurs who catch hold of new ideas for products, services
for bringing new rise in framework of company operations. Entrepreneurs with wide scale
innovations perceive competency factor to rise among innovations, to frame technical
strength and also to evolve on new domains.

P2: Discussing similarities and differences of entrepreneurial ventures
Entrepreneur ventures can be analysed based on various scenarios where there are large
scale paradigms involved related with size, functions and many more, to keep up with benchmarks
in performance domains. There are various aspects of differences and similarities between
entrepreneurial ventures which can be analysed based on various factors which are as follows
(SMB, SME, and Large Enterprise: Why Your Business Size Classification Matters, 2021).
 Similarities between entrepreneur and entrepreneur: Both types of ventures demand new
vision oriented operational efficiency to be evolved, as creative usage of various ideas for
strengthened market involvement among target customers. There is risk factor involved on
both venture style where usage of resources should be implanted in proper format.
 Difference between entrepreneur and entrepreneur:: An entrepreneur is independent,
whereas entrepreneur is dependent to function on decisions taken by entrepreneur which
creates major difference factor. Razing of fund can be done by entrepreneur whereas
entrepreneurs cannot raise fund on their own,risk balance factor can also be analysed in
depth. Entrepreneurs often bear risk, but entrepreneurs cannot bear risk among businesses
which create strong impact functionally on varied horizons for stable diversification (Elo,
2017).
 Similarities between serial entrepreneurs and social entrepreneurs: Both types of
entrepreneurs have ability to set concrete ideas, new goals actively among working horizons
and aim effective management disciplined leadership. Good time management also creates
best performance benchmarks effectively among company parameters, where new scale
advancement plays crucial role. There is also crucial role to reach as per customer oriented
aspects for best innovation working operations, by evolving on dynamic business platforms
(Dimov, 2017).
 Difference: The difference between serial entrepreneur and social entrepreneur can be
understood as majorly crucial factor, where serial enterprises focus on profit aspects also in
revenue. Whereas social entrepreneurs on other hand majorly heading towards free of costs
services, to develop change in society for Structure of serial entrepreneur’s business is
wide as there is consistent demand for innovation to seek in, whereas social entrepreneurs
have constant focus on creating change in bringing commercial growth (Mueller, 2017).

TASK 2
P3: Discussion on relevant data along with statistics analysing micro & small businesses having
impact on economy
UK economy being one of the most widely transforming economy at global level has 5. 9
million private new business as analysed in recent surveys, where more than 99% are small &
medium-sized businesses. SMEs & new start-ups are providing employement less than 250
employees which are about 60 % of private sector jobs in UK, that are total of 16.6 million. SMEs
are highly valuable to UK economy and contribution is increasing every year, therefore, high rise in
employments rates among community and effective varied rise among skills.
 Small business figure employment impacting UK economy: SME make up approximately
99% of businesses that is currently operating in UK. They are employing millions of people
collectively, with enormous impact on UK economy. SME employs around 16.3 million
people are contributing approximately 60% of jobs in UK. It has been reported that SM
creates wide range of employment rise among start-ups, where there is constant rise on
employment rates within economical domains. Skilled employees within companies have
been constantly growing on best economic growth benchmarks, where this indicates
economic competencies of UK has been positively growing. Businesses have been
employing around 16.3 millions of people, contributing approximately 60% of jobs in UK,
creation over 2 million of job in last 5 years. SME has given positive work growth push to
UK economy scenarios functionally, where constant rise in skilled trained employees have
been widely informative. There has been also wide range of work goal advancement
analysed in recent years, which has been constantly raising new employment benchmarks of
UK GDP (What Are SMEs & Why Are They So Important for the UK Economy? 2019).
 Micro businesses turnover has strong impact on shaping UK economy: SMEs are
normally known by key engine of growth &sustainability factors on economy scenarios
pertaining towards varied scenarios. Micro business annual turnover of less than 50 million,
where diverse new star ups have been constantly fuelling competition among diverse
businesses. This factor plays crucial role for strategic diversity to be implemented among
new micro business growth in economies and scale performance rise towards new vision
oriented aspects. There has been creation of skilled & semi-skilled employees to support
new scale industrial expansion, in business working goals which has developed stronger
GDP rise. Contributing about 47 % of revenue in UK. Economy, small & medium sized
enterprises plays a key role in enhancing productivity work goals effectively on varied

scenarios. Innovation and expansion to international markets have been found as
fundamental drivers enhancing productivity among UK SMEs. With vast new scale working
opportunities among small businesses there is corporate growth advancement functionally,
where focus on international development is also vivid (Ma, 2019).
The above factors have in detail concluded varied aspects of SME and small start-ups contribution
in varied competitive scale diversity, where there has been constant rise. It can be also analysed that
UK economy has been informatively yielding progression towards new scale innovation, expansion
on untapped business horizons exerting focus towards new vision.
P4: Importance of small businesses & start-ups in social economy
Small businesses along with start-ups have integrally shaped social economy structure
actively within UK to bring on new level of expansion in innovation, higher functional working
scenarios in employment opportunities. UK has witnessed rise in small businesses and start-ups
among social economy parameters recently, where there has been constant rise among working
operations.
 Growth in employment rates: Opening of new small businesses and start-ups have shaped
growth in new employment rates where UK employment rates has been constantly rising
towards diverse opportunities. As work growth opportunities in corporate scenarios are
rising in recent time with new start-ups, small businesses shaping various creative ideas
effectively there has been also primitive rise within employment rates. Community
involvement and growth of employment rates has shaped business culture actively among
varied domains, where varied efficacy work goal parameters have shaped new aspects to
shape employment rates. With new creative small businesses coming in, demand of best
skilled trained employees has been also at constant rise among professional domains. UK
family firms generates 25% of total GDP in UK, family firms are able to generate 25% of
total GDP of UK giving strong boost to economy employment in UK (Boosting UK
productivity with SME growth, 2016).
 Higher competition factors: As thousands of new start-ups and small businesses are coming
up, there is also constant push to competition factor among corporate work opportunities.
High competition factor among businesses has also shaped ideologies in working scenarios
on functional levels, where start-ups have given positive rise to competition in business
scenarios. Communities positive business environment has also been diversely shaping
culture of small business, start-ups to be keenly working towards new smart inventions.
There has been also productive rise in innovative business standards among companies,

where competition among start-ups and new ethical fundamentals has shaped economy
(Nishizawa, 2018).
 Rise in diversity of business opportunities: There has been instant rise in diversity of
business opportunities within UK economy, where factors such as less cost expenditure and
large economic push to opportunities have been found prominently on rise There are varied
aspects of creative work goal advancement, higher use towards innovative business
productivity which has been constantly on rise by new employability opportunities. Diverse
factors of varied scale business opportunities have been informatively rising on varied
platform in social economy, contributing to constant rise in GDP. (Eckhardt,2019).

TASK 3
Covered in PPT
TASK 4
Covered in PPT
CONCLUSION
Entrepreneurship has been concluded in report as one of the
major aspect in creating wide range of business development,
within competitive diverse world. From the above analysed report
it has also concluded in depth that entrepreneurship ventures are
divided on basis of size, lifestyle factors and their operational
factors among economy scenarios. Study has concluded role of
small businesses and new start-ups as crucial aspect in rising
employability, higher GDP benchmarks and deliver diversity
among community involvement. Entrepreneurs skill such as
passion, foresighted vision and dedication to bring on diverse scale
operational diversity which enables to create best positioning in
competitive business domains. Study has also concluded further
self-determination, dedication drive and positive mind set reflects
motivation for strengthening competent scale goals among
corporate scenarios. Further report has concluded examples such
as ASDA brothers, J.K, Rolwling and Mark Zukerberg where
background, experience creates impact for hindering and fostering
growth within entrepreneurship. TASK 1
P1: Examining types of entrepreneurial ventures, their relation with typology of entrepreneurship

Entrepreneurship is ability to develop, organise new business
enterprise with high passion vision, for implementing
newinnovative ideas and analyse uncertainties in order to create
profits in longer time frame. Entrepreneurial activity can be
understood as evolving on enterprising human action in pursuit of
generation towards value, creation or expansion in diverse
economic activities by evolving on new ideas. The types of
entrepreneurial ventures can be analysed in terms of size and
growth rates, with unique contributions to economic vitality at
economy level (Four Types of Entrepreneurship, 2021).
Micro enterprises: This venture type can be understood as small
business which sells goods and services in local market and
employs less than 10 people, with limited range of financial
funding. Small Businesses have no employees other than the self-
employed owners, which form micro enterprise business goals.
 Medium sized enterprises: This type of firm generally has more than 10 employees but less
than 50 employees in workforce, which forms varied range of creative working operations.
The medium sized enterprises are growing in structure aspects where creative diversity is
also vividly expanding on new domains furtehr.
 Large sized enterprises. With over 1000 employees employed and annual revenue over 1
billion, these companies are named as large sized firms.
 Based on typology entrepreneur ventures can be analysed as follows:
 Serial entrepreneurs: This category of entrepreneurs are someone who starts and leads one
business after another, multiple businesses at same periods. There is constant growth in
development of new ideas, for day to day operations among corporate growth towards
varied business platfroms.
 Social entrepreneurs: They form category of leaders who pursue novel functions , have
new potentialities to bring on widecommunity based services, catering to welfare and social

care facilities. There is effort to create long scale changes in positive working behaviour by
building new creative initiatives, for best wellbeing
 Entrepreneurs: These are entrepreneurs who catch hold of new ideas for products, services
for bringing new rise in framework of company operations. Entrepreneurs with wide scale
innovations perceive competency factor to rise among innovations, to frame technical
strength and also to evolve on new domains.
 P2: Discussing similarities and differences of entrepreneurial ventures
 Entrepreneur ventures can be analysed based on various scenarios where there are
large scale paradigms involved related with size, functions and many more, to keep up with
benchmarks in performance domains. There are various aspects of differences and
similarities between entrepreneurial ventures which can be analysed based on various
factors which are as follows (SMB, SME, and Large Enterprise: Why Your Business Size
Classification Matters, 2021).
 Similarities between entrepreneur and entrepreneur: Both types of ventures demand new
vision oriented operational efficiency to be evolved, as creative usage of various ideas for
strengthened market evolvement among target customers. There is risk factor involved on
both venture style where usage of resources should be implanted in proper format.
 Difference between entrepreneur and entrepreneur:: An entrepreneur is independent,
whereas entrepreneur is dependent to function on decisions taken by entrepreneur which
creates major difference factor. Razing of fund can be done by entrepreneur whereas
entrepreneurs cannot raise fund on their own,risk balance factor can also be analysed in
depth. Entrepreneurs often bear risk, but entrepreneurs cannot bear risk among businesses
which create strong impact functionally on varied horizons for stable diversification.
 Similarities between serial entrepreneurs and social entrepreneurs: Both types of
entrepreneurs have ability to set concrete ideas, new goals actively among working horizons
and aim effective management disciplined leadership. Good time management also creates
best performance benchmarks effectively among company parameters, where new scale
advancement plays crucial role. There is also crucial role to reach as per customer oriented
aspects for best innovation working operations, by evolving on dynamic business platforms.
 Difference: The difference between serial entrepreneur and social entrepreneur can be
understood as majorly crucial factor, where serial enterprises focus on profit aspects also in
revenue. Whereas social entrepreneurs on other hand majorly heading towards free of costs
services, to develop change in society for Structure of serial entrepreneur’s business is

wide as there is consistent demand for innovation to seek in, whereas social entrepreneurs
have constant focus on creating change in bringing commercial growth
 TASK 2
 P3: Discussion on relevant data and statistics analysing micro and small businesses impact
on economy
 UK economy being one of the most widely transforming economy at global level has
5. 9 million private new business as analysed in recent surveys, where more than 99% are
small and medium-sized businesses. SMEs and new start-ups are employing businesses
fewer than 250 employees accounted for 60 % of all private sector jobs in UK, total of 16.6
million. SMEs are crucial to UK economy with contribution increasing every year, high rise
in employments rates among community and effective varied rise among skills.
 Small business employment figures impacting UK economy: SME make up around 99% of
businesses currently operating in UK, employing millions of people collectively, with
enormous impact on UK economy. SME employs around 16.3 million people contributing to
around 60% of jobs in UK. It has been reported that SM creates wide range of employment
rise among start-ups, where there is constant rise on employment rates within economical
domains. Skilled employees within companies have been constantly growing on best
economic growth benchmarks, where this indicates economic competencies of UK has been
positively growing. Businesses have been employing around 16.3 million people,
contributing around 60% of jobs in UK, creation of over 2 million jobs in past 5 years. SME
has given positive work growth push to UK economy scenarios functionally, where constant
rise in skilled trained employees have been widely informative. There has been also wide
range of work goal advancement analysed in recent years, which has been constantly raising
new employment benchmarks of UK GDP (What Are SMEs & Why Are They So Important
for the UK Economy? 2019).
 Micro businesses turnover has strong impact on shaping UK economy: SMEs are
generally seen as key engine of growth and sustainability factors on economy scenarios
pertaining towards varied scenarios. Micro business annual turnover of less than 50 million,
where diverse new star ups have been constantly fuelling competition among diverse
businesses. This factor plays crucial role for strategic diversity to be implemented among
new micro business growth in economies and scale performance rise towards new vision
oriented aspects. There has been creation of skilled and semi-skilled employees to support
new scale industrial expansion, in business working goals which has developed stronger
GDP rise. Contributing 47 % of revenue in UK economy, small and medium sized

enterprises have key role in boosting productivity work goals effectively on varied
scenarios. Innovation and expansion to international markets have been found as
fundamental drivers in boosting productivity among UK SMEs. With vast new scale
working opportunities among small businesses there is corporate growth advancement
functionally, where focus on international development is also vivid.
 The above factors have in detail concluded varied aspects of SME and small start-ups
contribution in varied competitive scale diversity, where there has been constant rise. It can
be also analysed that UK economy has been informatively yielding progression towards new
scale innovation, expansion on untapped business horizons exerting focus towards new
vision (De Araujo, Joseph and Sánchez, 2020).
 P4: Importance of small businesses and start-ups in social economy
 Small businesses and start-ups have integrally shaped social economy structure
actively within UK to bring on new level of expansion in innovation, higher functional
working scenarios in employment opportunities (Valine, Ash marina and Stove, 2020). UK
has witnessed rise in small businesses and start-ups among social economy parameters
recently, where there has been constant rise among working operations.
 Growth in employment rates: Opening of new small businesses and start-ups have shaped
growth in new employment rates where UK employment rates has been constantly rising
towards diverse opportunities. As work growth opportunities in corporate scenarios are
rising in recent time with new start-ups, small businesses shaping various creative ideas
effectively there has been also primitive rise within employment rates. Community
involvement and growth of employment rates has shaped business culture actively among
varied domains, where varied efficacy work goal parameters have shaped new aspects to
shape employment rates. With new creative small businesses coming in, demand of best
skilled trained employees has been also at constant rise among professional domains. UK
family firms generates 25% of the total UK GDP, family firms generate 25% of total UK
GDP giving strong boost to economy employment in UK (Boosting UK productivity with
SME growth, 2016).
 Higher competition factors: As thousands of new start-ups and small businesses are coming
up, there is also constant push to competition factor among corporate work opportunities.
High competition factor among businesses has also shaped ideologies in working scenarios
on functional levels, where start-ups have given positive rise to competion in business
scenarios. Communities positive business environment has also been diversely shaping
culture of small business, start-ups to be keenly working towards new smart inventions.

There has been also productive rise in innovative business standards among companies,
where competition among start-ups and new ethical fundamentals has shaped economy.
(Pardo-Garcia and Barac,2020).
 Rise in diversity of business opportunities: There has been instant rise in diversity of
business opportunities within UK economy, where factors such as less cost expenditure and
large economic push to opportunities have been found prominently on rise There are varied
aspects of creative work goal advancement, higher use towards innovative business
productivity which has been constantly on rise by new employabilityopportunities. Diverse
factors of varied scale business opportunities have been informatively rising on varied
platform in social economy, contributing to constant rise in GDP (Garrido-Yserte, Crecente-
Romero and Gallo-Rivera, 2020).
 TASK 3

Discussing characteristic traits and skills of successful
entrepreneurs
Successful entrepreneur’s characteristic traits and skills
can be analysed to be widely crucial aspect for
strengthening vision oriented growth, new scale varied
efficacy aspects for competent fundamental progress. There
are various characteristic traits and skills, which has
enabled ASDA entrepreneurs to hold uniqness in all working
scenarios and deliver new working diversity.
Team building skill: Entrepreneurs for beingsuccessful need to possess
strong team building skills in their working efficiency where
coordination, in depth functional working efficiency generates high
scale motivation. Team building skills also demands leader to be
competent in working performance aspects for varied scale
innovation, higher creative working skills for harnessing new
diversity (Decker-Lange, Lange and Walmsley, 2020). This factor
also generates new imperative work domains on which yielding
synergy for motivating employees play strong role, in building
company targets. Team building also creates innovative business
positioning in longer pertaining horizons with best leadership to be
implemented among teams.
Risk tolerance: Successful entrepreneurs also need to possess risk
tolerance in their working operations where risk tolerance factors
come in, also it becomes crucial for wider scale imperative
performance targets Risk tolerance characteristic demands
entrepreneur to hold optimistic functionality on wider scale
efficacy among working parameters. Also to bring nalysis
investments priorities and hold decisiveness within varied
departments. There should be knowledge of varied latest trends in
competitive business environment for best performance
benchmarks raising towards new growth domains (Verver,
Roessingh and Passenier, 2020).

Strong work ethics: Entrepreneurs for pertaining towards new success
domains among companies working performance horizons need to
ensure best work growth outcomes be delivered among employees.
Also strong expertise among employees need to be delivered by
training all workforce, with high professional acumen and new
expertise within business working operations. Strong work ethics
generate new scale advancementamong corporate functional
operations towards directive domains, to rise towards new scale
working goals actively (Guiso, Pistaferri and Schivardi,
2021).Aspects of entrepreneurial personality reflect
entrepreneurial motivation and mind set
The aspects of entrepreneurial personality reflect
entrepreneurial motivation and informative minds set widely
as working operations among entrepreneurs, enable
innovation to diversify. Entrepreneurs personality with high
vision oriented growth factors, strengthened corporate
analytical approaches gives positive work shift to new
directions. ASDA entrepreneurs have been positively
growing towards new innovative mind set working
operational growth goals, where aspects of their personality
reflecting motivation and mind set are as follows:
Self-determination and independence: This aspect of entrepreneurial
aspect reflects positive self-determination, motivation and
informative mind set to keep up with confident performance
horizons. This factors also plays essential role to deliver new scale
advancement for corporate strengthened domains, where positive
mind-set enables independent work to be delivered. Also self-
determination yields new competencies raised on commercial
acumen for further diversity, to be competent towards new
horizons.

Persuasive communication ability: Entrepreneurs as leaders in company
need to evolve on smart persuasive communication ability among
teams where new keen performances within business goals are strongly
demanded (Zahra, 2021). Also this brings on demand for leader to
be active on bringing best creative training sessions among
company’s goals, which generates innovation. Passionate
understanding towards new communication skills enable
entrepreneurs to be competent towards wider targets actively, also
to evolve on newbest performance goals.
Intrinsic motivation drive: This aspect of successful entrepreneurs informatively
reflects motivation,mind set horizons with positive directions where intrinsic
motivation plays crucial rolegenerates strong profound work growth efficacy.
Willpower and positive dedication gives positive push among leaders,to
develop profound work growth innovations. Also drive for takingbest
working decisions among teams plays essential role to strengthenvision for
longer profound stability, best committed working operations and functional
diversity.
Positive mental attitude: This aspect within entrepreneurial personality reflects best
positive mental attitude by which motivation and mind set are influenced
definitely, to create stronger working operational efficacy. Leaders with
dynamic experience and positive mental attitude can generate smarter
working goal innovative performances, bring on best competencies
functionally among workforce. Positive mind set also functionally enhances
new performance benchmarks among company’s long term business goals,
leverage new strengthened ideas professionally (Zucchella, 2021).
TASK 4
Examining background and experience, which can hinder or foster
entrepreneurship
The experiences and background has strong impact on working
aspects among entrepreneurs, which can hinder or forester
relationships within extrendeddomains actively for keeping up with
performance domains. Globally there are various examples of
entrepreneurs whose ideologies to bring on varied scale
innovationin businesses, enables us to analyse impact of
background experience on future performance (Morris, 2021).

ASDA brothers started businesses with single petrol forecourt, heading
to owning expanded businesses where experiences in background
enabled variably. This factor enables in depth analysis where
background, influence of previous professional experiences have
strong impact on hindrance or fostering entrepreneurs. It can be
analysed that passion, consistent vision oriented growth factored
new scale advancement in fuelling leadership and competent new
performance growth towards new targets. Analysis enables us to
analyse both brothers have faced struggles in there beginning
career, which strongly hindered in financial struggles also. There
has been constant rise in fostering business professional
relationships among their performance goals tokeep up with new
smart operational work parameters.
Mark Zuckerberg, CEO of Facebook is also another globally recognised
entrepreneur whose successful leadership,best business decisions, hasshaped
smart work goals activly in shaping innovation smartly. Mark background
enables us to analyse being drop out from college hindered his initial business
capital venturing, where various challenges such as starting up of new
businesses were analysed. His creative ideologies to analyse latest business
trends, shape innovation actively among corporate commercial fundamentals
has also enabled leader to bring on new functional scale growth.
Entrepreneur experiences has fostered passion, willpower to form new best
company performances onwards, in varied efficacy horizons for constant
target growth towards new performance domains (What Is Entrepreneurship?
– Types & Importance, 2021).
Another example, J. K Rowlingone of the richest author in world has been leading
entrepreneur whose vision and courisma has shaped her writing career
professionally. This factor plays strong role in bringing on focus towards
analysis, where her personal background has been dynamically shifting to
new domains variably. Her professional success also brings on varied
emphasis where initial challenges, has been widely impacting as hindrance
towards future commercial performance goals. There has been constant rise
towards writer’s career due to her passion, creative understanding and
willpower to analyse new changes among corporate working scenarios.
Covered in PPT
TASK 4
Covered in PPT

CONCLUSION
Entrepreneurship has been concluded in report as one of the major aspect in creating wide
range of business development, within competitive diverse world. From the above analysed report
it has alsoconcluded in depth that entrepreneurship ventures are divided on basis of size, lifestyle
factors and their operational factors among economy scenarios. Study has concluded role of small
businesses and new start-ups as crucial aspect in rising employability, higher GDP benchmarks
and deliver diversity among community involvement. Entrepreneurs skill such as passion,
foresighted vision and dedication to bring on diversescale operational diversity whcih enables to
create best positioning in competitive business domains. Study has also concluded further self-
determination, dedication drive and positive mind set reflects motivation for strengthening
competent scale goals among corporate scenarios. Further report has concluded examples such as
ASDA brothers, J.K, Rolwling and Mark Zukerberg where background, experience creates impact
for hindering and fostering growth within entrepreneurship.

REFERNCES
Books and Journals
Bai, 2018. Leveraging networks, capabilities and opportunities for international success: A study on
returnee entrepreneurial ventures. Scandinavian Journal of Management, 34(1), pp.51-62.
Cumming, 2018. Entrepreneurial finance: Unifying themes and future directions. Journal of
Corporate Finance, 50, pp.538-555.
Solesvik, 2019. Motivation of female entrepreneurs: a cross-national study. Journal of Small
Business and Enterprise Development.
Elo, 2017. Jewish diaspora entrepreneurs-the impact of religion on opportunity exploration and
exploitation. International Journal of Entrepreneurship and Small Business, 31(2), pp.244-
269.
Dimov, 2017. Towards a qualitative understanding of human capital in entrepreneurship
research. International Journal of Entrepreneurial Behavior & Research.
Mueller, 2017. Passion and grit: An exploration of the pathways leading to venture success. Journal
of Business Venturing, 32(3), pp.260-279.
Ma, 2019. The impact of overseas human capital and social ties on Chinese returnee entrepreneurs’
venture performance. International Journal of Entrepreneurial Behavior & Research.
Nishizawa, 2018. Launching a Tech-based Economy: Similarities and Differences across National
Context: Austin TX, USA and Tsuruoka, Japan. Interdisciplinary Journal of Economics and
Business Law, 7(1), pp.50-70.
Eckhardt,2019. Marketing in the sharing economy. Journal of Marketing, 83(5), pp.5-27.
Online
Boosting UK productivity with SME growth. 2016. [Online]. Available Through :
<https://esrc.ukri.org/news-events-and-publications/evidence-briefings/boosting-uk-
productivity-with-sme-growth/>
Four Types of Entrepreneurship. 2021. [Online]. Available Through :

<https://bcombinator.com/four-types-of-entrepreneurship>
SMB, SME, and Large Enterprise: Why Your Business Size Classification Matters. 2021. [Online].
Available Through : <https://www.sangoma.com/articles/smb-sme-large-enterprise-size-
business-matters/>
What Are SMEs & Why Are They So Important for the UK Economy?. 2019. [Online]. Available
Through : <https://labs.com/what-are-smes-why-are-they-so-important-for-the-uk-
economy/>
What Is Entrepreneurship? – Types & Importance. 2021. [Online]. Available Through :
<https://www.feedough.com/what-is-entrepreneurship-types-importance/>
de Araujo, R. G. B., Joseph, B. and Sánchez, J. L. G., 2020. Developing professional and
entrepreneurship skills of engineering students through problem-based learning: A case
study in brazil. The International journal of engineering education. 36(1). pp.155-169.
Decker-Lange, C., Lange, K., and Malmsey, A., 2020. Exploring Entrepreneurship Education
Effectiveness at British Universities–An Application of the World Café
Method. Entrepreneurship Education and Pedagogy, p.2515127420935391.
Garrido-Yserte, R., Crecente-Romero, F. and Gallo-Rivera, M.T., 2020. The relationship between
capacities and entrepreneurial intention in secondary school students. Economic Research-
Ekonomska Istraživanja. 33(1). pp.2322-2341.
Guiso, L., Pistaferri, L. and Schivardi, F., 2021. Learning entrepreneurship from other
entrepreneurs?. Journal of Labor Economics. 39(1). pp.135-191.
Morris, M. H., 2021. Poverty and entrepreneurship in developed economies. In World Encyclopedia
of Entrepreneurship. Edward Elgar Publishing.
Pardo-Garcia, C. and Barac, M., 2020. Promoting employability in higher education: A case study
on boosting entrepreneurship Skills. Sustainability. 12(10). p.4004.
Tabares, A., Chandra, Y., Alvarez, C. and Escobar-Sierra, M., 2021. Opportunity-related behaviors
in international entrepreneurship research: a multilevel analysis of antecedents, processes,
and outcomes. International Entrepreneurship and Management Journal. 17(1). pp.321-
368.
Velinov, E., Ashmarina, S. I. and Zotova, A. S., 2020, May. Importance of International
Entrepreneurship Skills Among MBA Students: Global Comparative Study.
In International Scientific and Practical Conference (pp. 78-84). Springer, Cham.
Verver, M., Roessingh, C. and Passenier, D., 2020. Ethnic boundary dynamics in immigrant
entrepreneurship: a Barthian perspective. Entrepreneurship & Regional Development.
32(9-10). pp.757-782.
Zahra, S. A., 2021. International entrepreneurship in the post Covid world. Journal of World
Business. 56(1). p.101143.
Zucchella, A., 2021. International entrepreneurship and the internationalization phenomenon: taking
stock, looking ahead. International Business Review, p.101800.
Online
Boosting UK productivity with SME growth. 2016. [Online]. Available Through :
<https://esrc.ukri.org/news-events-and-publications/evidence-briefings/boosting-uk-
productivity-with-sme-growth/>
Four Types of Entrepreneurship. 2021. [Online]. Available Through :
<https://bcombinator.com/four-types-of-entrepreneurship>