The Importance of Entrepreneurship and Motivation

The provided document is a detailed report on entrepreneurship and motivational factors. It highlights the importance of taking risks, innovating, and learning to achieve growth and success. The report also discusses the role of entrepreneurs like Mark Zuckerberg and Steve Jobs in driving innovation and progress.

UNIT 9
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
Task 1...............................................................................................................................................3
P.1 Entrepreneur venture and typologies of entrepreneur......................................................3
P.2 Types of entrepreneurial venture and similarity..............................................................4
Task 2 ..............................................................................................................................................6
P.3 Impact of macro economies in small business.................................................................6
P.4 Value of midget enterprise and commercial enterprise start up help in economic growth .7
Task 3...............................................................................................................................................8
P.5 Skills of booming businessperson ...................................................................................8
P.6 Businessperson motive and mind set.............................................................................10
Task 4.............................................................................................................................................11
P.7 Background and experience in faster entrepreneur .......................................................11
Conclusion ....................................................................................................................................12
.............................................................................................................................................12
Reference.......................................................................................................................................12
Books and journals...............................................................................................................12
.............................................................................................................................................14

INTRODUCTION
In each and every organisation focuses to hire an entrepreneur. An entrepreneur is a
person is done work effectively to set up the overall organisation and help to achieve growth in
the future. An entrepreneur is a person is the focal point of innovation, to do something new in
the organisation. An entrepreneur is a person who takes risk in any business. It will create idea
converted into reality in each task in the organisation. In each organisation is direction on
different aspects of entrepreneurship and link with the typologies. In this report will inculcate the
data which impact in any organisation. It will help to examine person background which is faster
entrepreneurship.
Task 1
P.1 Entrepreneur venture and typologies of entrepreneur
Entrepreneur is a person who start a new venture or new plan in any business with the use
of several activities in any business. Businessperson is a who convert idea into reality in any
enterprise (Morris and 2015). Individual termed as businessperson and venture demonstrated as
the enterprising venture. There are different kinds of venture are as follows :-
 Midget enterprise entrepreneurship :- In this type of entrepreneurship is concentration or
can say based on the innovations. An entrepreneur is a person who innovate new activity
in every new enterprise. In this work company provide chances to the entrepreneur to
help in enhancing brand image and create high investment in all the new venture. For
example it considers foodstuff stores, barber store, traversing agency, etc. Within the UK
securities industry carrying the small concern task of importing so that authorities
provides chance to them in order to provide funds to launch business easy (Glaeser and
2015). In such proceeding, it will help to motivate entrepreneur to achieve goals and
objective of the business.
 Start up entrepreneurship :- This benign of businessperson undertaking assists to provide
societal employment in the gathering so that welfare towards people can be increased
ease. As results, this venture carried out with not the attainment of profit and benefit to
the society. It will help to start a new business in any organisation.

 Serial entrepreneurship :- In this type of entrepreneurship is direction on the future
oriented work in the business. In this type they can use some unique product and services
that attract customer in market (Martin and et.al 2013). In this process technology is very
important to innovation and development in the organisation. Entrepreneur will help to
future growth in the organisation. Entrepreneur can centring on future values in the
organisation for development in the organisation.
 Female entrepreneurship :- In female entrepreneur if concentrated on the expansion of the
market in international level. Male entrepreneur, management skills in the organisation
and improve the working contrition in the organisation (Hatten and 2015). Female
entrepreneur focuses on to expand the market in different countries, to increase the profit
in the organisation.
 Lifestyle entrepreneurship :- In life style entrepreneurship is help to developmental in the
organisation. To increase the future growth and profit sharing ratio in the organisation.
Entrepreneur is direction on the future development in the organisation and work till the end if it
is not possible to the organisation. Entrepreneur is engrossment on the development in the
organisation to overall market and help to increase market shear.
P.2 Types of entrepreneurial venture and similarity
In order to maintain the different similarities in the organisation. Entrepreneur must follow
different rules and regulation in the organisation are as follows :-
 Aims and objective :-The entrepreneur will focal point on achieve the aims and objective
of the system use antithetic things or can say invention in the organisation. Social

entrepreneurship has possibility to trade name their finer beings to improve gross of the
arrangement(Eckhardt and et.al 2013). In each and every arrangement revenue is very
important, because it will addition growing in the arrangement. In each organisation new
innovate idea is help to earn profit in the organisation and growth rate in market.
Entrepreneur is person who can create ideas converted into reality in the organisation.
 Size and structure :-In each and all arrangement is different size and construction of the
system to improve the carrying into action on the structure. In each arrangement an
enterprise is a unique quality of bang-up and employment in the market, so that customer
will attract and purchases goods (Read and et.al 2016). It will help to increase profit rate
in the arrangement. It will help to achieve growth rate in the structure. For example,
businessperson preparation to beginning wholesale venture to understand need,
conception, etc. of competitors. In organisation with the help of identify concept to
achieve innovative idea in the organist and focus on the developmental in the
organisation. In each and every organisation is to be more interesting in the organisation
to improve performance in the organisation of new venture.
 Sources and objective :- In each and every new business is most important things is
finance in the arrangement to accomplish maturation charge per unit in the organisation.
Finance is a backbone of each and every venture (Fayolle and et.al 2015). The
entrepreneur is helping to generate new finance path in the organisation. The
entrepreneur will arrange amount in the organisation to expand the market share in the
organisation. Entrepreneur will be a focal point on every aspect of the organisation to
improve performance in the organisation as well as the society welfare.
Similarities betwixt lifestyle venture and serial businessperson
Life-style venture Sequent businessperson
Human resource management is very improver
to organisation. Hr. department will focus on
internal organisation.
They can concentration on the hr. department
will help to requirements in the organisation.
They will manage the best employees in the
organisation.
Something innovation is very important in the It this way innovation is help to increase new

developmental is the organisation. creating work in the organisation.
Entrepreneur have to take new risk in the
organisation.
Have risk capacities in the organisation to
improve the performance in the organisation
people.
Differences
Lifestyle entrepreneurs engrossment on
providing different things in reward and work
to social welfare.
They can use new creativity for the
developmental in the organisation. With the
use of planing and development in the
organisation.
Task 2
P.3 Impact of macro economies in small business
In each and every arrangement is focal point on macro instruction factor in the
organisation. Micro and little concern have huge impact on system so that it is important for the
endear to contribute to form effective growing in nation. It also assistance to the endeavour to
improves their economic status in the administrative district. Entrepreneur is direction on to
remove feeling in the arrangement. Further, business concern also categorised in small, and
medium size on the basis of employment structure and capital owned by the firm (Davidsson and
et.al 2015). Private organisation have also effectual nature to earn advanced profit and revenue
with sole proprietary so that change the commercial enterprise argument so that it can be
evaluate easily. Macro factor will affect the arrangement carrying into action in the organisation
it will not control be the arrangement. There are following impact in small business are as
follows :-
 Economic impact :- In each and every organisation is macro factor in business activity.
In small business will impact to the organisation growth . To improve the economic
conation is very important to each and every business in the organisation they direction to
innovation in each and every business (Choi and et.al 2014). Furthermore, governing

body prove that it is highly effective that assistance to provide employ chance in the
country. Entrepreneur will help to the economic growing in the administrative division.
 Contribution on employment :- In economic factor is impact on the low rate of
employment in count ire. It will affect the economic activity. Entrepreneur will help to
generate new employment opportunities in countries to help in the economic growth in
the organisation. This employment rates proves have the significant impact on economy
in term of GDP.
There is all about the economic condition and macro factor. In each and every organisation is
centring on the macro cause to improve carrying out in the structure. Entrepreneur will help to
innovation is accommodating to each and every arrangement. In each organisation is focus on
invention is assistance to the economic growing (Link and et.al 2015). In each work and
organisation flexibility is precise crucial to every organisation to solve any kind of services.
Fluctuation is very essential governance each and every sector in the organisation, because
fluctuation is help to change in economic condition in the countries.
P.4 Value of midget enterprise and commercial enterprise start up help in economic growth
In each and every organisation is direction on change in important factor in the
organisation. Small business will focal point on new changes in corporate sector to improve the
economic condition in the organisation. Entrepreneur will to do something new with the help of
innovation and digitalisation. It powers to the market and enterprise transaction as well so that it
is very of import to enhance affirmative outcomes at work. There are following factor will help
are as follows :-
 Improvement in society :- In each and every company will be improvement in society.
Entrepreneur will direction on it , they will concentration on to new things will be
introduce in the market will help to toe society and other factor in the organisation
(Damaraju and et.al 2015.). With the help of financial resources, living standard of
people can also developed in successful way so that it is developing the economic
condition in the nation.
 Enhance employment opportunities :- They will focus on the different market and
different business it will help to enhance the job opportunities in any sector. It will help
to the economic sector in the countries. In add-on to this, it also assistance to indefinite
quantity healthiness statistical distribution, employ and social comforts (Piperopoulos

and et.al 2015). Hence, it supply more gross to the system of rules in time period of
taxes, foreign exchange, etc. As results, public presentation of the firm accelerative in
marketplace.
 Increase in GDP :- All such kind of factor that help in increase in GDP rate. With the
help of employment opportunities and improvement in society. GDP is very important in
national income in economic sector. Entrepreneur will improve the GDP rate will help to
macro economy in the countries. All such kind of factor is very important to increase the
rate.
There are all such factors is very important to each and every organisation. All such kind of
factor is help to the development in economic factor and increase GDP rate. In all such factor
entrepreneur will work on them and improve such all factor in the organisation. At the time of
innovation entrepreneur will arrange all the factor and work with the help of all such kind of
activity in the organisation (Naudé and 2013). Small business will focal point on new changes in
corporate sector to improve the economic condition in the organisation. Entrepreneur will focus
on to do something new with the help of innovation and digitalisation.
Task 3
P.5 Skills of booming businessperson
In each and every arrangement is concentration on successful entrepreneur. To be a
successful entrepreneur so many quality are to be inculcated. There are respective enterprisers
exists who posses innovative ideas that assists to better intelligent capability to operate effectual
mathematical function and trading operations (Gupta and et.al 2016). In this context, two
successful entrepreneurs adopted such as Mark Zukerberg and Steve jobs. They quality are as
follows :-
 Risk taking :- An businessperson is a individual who take risk in each and every sector in
the organisation. They will follow all rules and regulation in the organisation. They will
focus on there work and do it in any manner. Risk taking in any organisation is focus on
new things in the organisation and take every time risk in the organisation and work
better. They can help to earn profit in the organisation and increase growth rate in the
market share.

 Planing for everything :- An entrepreneur is only on thing is planing. Planing is very
important to each and every activity in the organisation. With the help of planing all work
it to be done easily. They can focus on only planing. Planing is a bridge which gap
betwixt where we are and where we privation to be in the forthcoming. An
businessperson will all such gracious of activity in the arrangement to amend
performance in the structure. Planing is assist to better leadership style in the
administration will assistance to alter to internal action in the governance (Chell and et.al
2016). In addition to this, leaders are besides have effective leading ability. It is the
efficacious ability to asset with large trade name that operate at planetary activity as well.
In respect to comparison with ordinary commercialized endeavour, such leading skills not
effectively plan in the activities to accomplish task.
 Development of competitive edge :- An good entrepreneur is focus on the different factor
in the organisation. They will work for the development in the organisation. Entrepreneur
will focus on introduce cognitive content this idea is antithetic form other in the structure.
These characteristics assist to single to obtain alone and modern thought. Hence, it
assistance to enterpriser to stay antithetic from other speculation (Link and et.al 2015).
Therefore, average director not have inability to kind celebration edge as comparison to
the Zuckerberg and Jobs.
 Learn :- An good entrepreneur is very important quality is learning habit. Each successful
entrepreneur is focus the learning ululation will help to achieve growth in the market.
Learning habit will help to identify new techniques in the society and will use to the
organisation growth in the market.

As per the above picture a good work in the organisation is leadership in each and every
organisation to achieve profit in the organisation (Davidsson and et.al 2015). An entrepreneur is
focus on energy in 43.8 % in total. It will focus on only energy in the organisation, they can use
energy will help to identify in the each and every market in the organisation they focus on each
factor (Chell and et.al 2016). They will work for the development in the organisation.
Entrepreneur will direction on innovate ideas this idea is different form other in the organisation.
P.6 Businessperson motive and mind set
All the entrepreneur is use on the mind set in the governance. Each and every
entrepreneur is focal point on the Celebrity considered as the crucial division among the all
entrepreneurs so that it is wholly antithetic from the accomplishment and characteristics. The
businessperson is concentration on the mind set of each and every worker in the organisation.
They work on the bases of the mid set of the worker in the organisation (Stuetzerand et.al 2017).
An entrepreneur is antithetic elements at the time period of work. They useful to the every
employs and growth in the organisation. They can follow OCEAN in the organisation are as
follows :-
 Openness :- In each and every organisation is openness in the organisation, it will help to
do work in fast manner and effective in the organisation. It inculcated culture in working
organisation is helpful to the profitability in the organisation.

 Consolidation :- It will help to accomplish goal on time in the organisation. Its main aim
is to work will be done in effective way in the organisation. Entrepreneur will focus on it
so they can work on time and increase profit in the organisation.
 Extroversion :- It will be use extroversion in the organisation. It will help to develop
positive emotion in the organisation. This will assistance to achieve goals and objective
in the organisation. Entrepreneur will concentration on it to change performance in the
organisation and assistance them to achieve growth in the structure.
 Accommodation :- In each and every arrangement is use these strategies in the
organisation to improve public presentation in the organization. It is will tend to
compassionate instead of mistrustful.
All such kind of things will motivate to entrepreneur to achieve profit in the organisation. This
all things change the mindset of a good entrepreneur in the organisation (Morris and 2015). A
good entrepreneur will direction on the different aspect in the organisation to change mindset.
Task 4
P.7 Background and experience in faster entrepreneur
A good entrepreneur is engrossment on each and every act in the governing body. A good
entrepreneur is sets and drawback is the skills and susceptibility. Hence, it Everman to compete
with other arrangement in effective aspect. In good businessperson is property on the different
aspects in the organisation to complete a work in the organisation. It entertainment the
accomplishment and capability in the organisation. As a result Zuckerberg is a young
entrepreneur in the world (Morris and 2015). He can focus on there work on time in any work.
He can develop a Facebook in his own mind and talent. Entrepreneur is a person who believe in
own work and capability at the time of work. All family members and friends can motivate to
there work in first time it will help to booster or can say help in motivation. Zuckerberg is taking
risk , innovation in there work in there filed in the organisation . All such activity is help to
motivate in the every field. Stave jobs is also capability to take risk in market condition. He is a
co founder of apple, which is a largest technology brand in the world. Each entrepreneur is focus
on the different terms and condition is usefully to each and every sector in the organisation.
Motivation help to enhance new things or do something creative things in market.

Motivation is very important to each and every business man or a new entrepreneurship is
any market or filed. Motivation is very important to solve any kind of problems in any business.
It will help to boost energy in any entrepreneur work and working activity. Each successful
entrepreneur is direction the learning ululation will help to achieve growth in the market.
Learning habit will help to identify new techniques in the society and will use to the organisation
growth in the market (Martin and et.al 2013). Entrepreneur will focus on learning , planing at
the time of innovation in the market condition and activity. All such thing is very important to
solve any problems in the organisation. Motivation means to motive someone about there work.
In each and every organisation is engrossment on the motivation to improve performance in the
arrangement (Hatten and 2015). In each structure motivate each and every employs about there
work, because it is plan of action to used to amend better performance in future and achieve
target in any manner.
Conclusion
As per the above report is based on entrepreneurship and entrepreneur. In each
arrangement need to take more advantages in the organisation to solve any problems in the
system. Entrepreneur is help to earn profit and achieve high growth rate in the organisation.
Economic factor is also important to solve any problems in the organisation. Entrepreneurship
will help to improve economic condition and GDP rate. Entrepreneur is a person who can
improve the society level and generate employment opportunities in different sector. Good
entrepreneur is each and every activity in the organisation. A good entrepreneur is sets and
drawback is the accomplishment and capableness. Hence, it helps to contend with other
administration in effectual aspect. An entrepreneur is focus on energy in 43.8 % in total. It will
use on only energy in the organisation, they can use energy will help to identify in the each and
every market in the organisation they direction on each factor.

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