This report explores the different types of entrepreneurial ventures and their relation to the typology of entrepreneurship. It also examines the similarities and differences between entrepreneurial ventures. Additionally, it interprets and assesses relevant data and statistics to understand the impact of micro and small businesses on the economy. The report also explains the importance of small businesses and startups to the growth of the social economy. It further discusses the characteristics and skills of successful entrepreneurs and how background and experience can hinder or foster entrepreneurship.