Entrepreneurship and Small Business Management

ENTREPRENEURSHIP
AND SMALL BUSINESS
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
LO 1.................................................................................................................................................1
P1 Different ventures and how it is relate with typology of entrepreneurship............................1
P2 Similarities and differences between entrepreneurial ventures..............................................2
M1 Investigate a diverse range of entrepreneurial ventures to demonstrate understanding
towards public and private sector................................................................................................4
D1 Critically examine scope, development and growth of entrepreneurship ventures...............5
LO 2.................................................................................................................................................5
P3 Interpret and assess relevant data and statistics to demonstrate how micro and small
business impact on economy.......................................................................................................5
P4 Importance of small businesses and start-ups to make growth of social economy................8
M2 Evaluate differences small, medium and large businesses that make to the economy with
applying relevant data and statistics............................................................................................9
D2 Critically examine how small businesses which can impact on different levels of the
economy.......................................................................................................................................9
PART 2............................................................................................................................................9
LO 3.................................................................................................................................................9
P5 Demonstrate characteristics traits and skills of successful entrepreneurs that can be
differentiate from other business managers.................................................................................9
P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation
and mind-set...............................................................................................................................10
M3 Explore and examine different lines of argument that are related with entrepreneurial
characteristics............................................................................................................................11
D3 Analyse characteristics traits. Skills and motivational drivers of successful entrepreneurs
which supporting with example.................................................................................................11

LO 4...............................................................................................................................................12
P7 Using example, how background and experience which can hinder and foster
entrepreneurship........................................................................................................................12
M4 Analysis link between entrepreneurial characteristics which influence personal
background and experience to successful entrepreneurs...........................................................12
D4 Critically evaluate how background and experience which influence entrepreneurs in
positive and negative term.........................................................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Entrepreneurship businesses is very important which provide several opportunities for
different entrepreneurs that create meaningful results. In this regard, they are foster local
economies that support with support of different communities. It improve standards of living that
create wealth which is related to make desired results (Yadav and Unni, 2016).
In the present study, different case discussed in which successful entrepreneurs work in
UK. Furthermore, start-up businesses run with more effective operations and functions that
assists to make desired results in the organisation. Different entrepreneurial ventures successfully
worked to increase their profitability with several kinds of products selling in UK.
With respect to focus on the present study, it covers different kinds of entrepreneurial
ventures that are successfully run their operations and functions with typology of
entrepreneurship businesses. Furthermore, it includes data and statistics which shows that how
micro and small businesses grow economy in positive manner. Moreover, start-up businesses
importance considered within the organisation that is successfully develop results in systematic
manner. In addition to this, it demonstrate differences in small, medium and large businesses to
make economy effective with applying relevant information and statistics. At last.
Characteristics traits and skills of successful entrepreneurs explained which is useful to make
desired results in the organisation.
PART 1
LO 1
P1 Different ventures and how it is relate with typology of entrepreneurship
Entrepreneurship is successful process in which entrepreneurs develop, launch and run
their business with taking financial risks. In other words, it is willingness to launch new
enterprise that is more important for economic development to expand global marketplace. The
person who takes entrepreneurship that is known as entrepreneurs.
Types of entrepreneurship Small business entrepreneurship: In today’s time majority of the organisation are
generally small enterprises. Therefore, all companies that small enterprises in which
majority of non-governmental workers. In this kind of small business entrepreneurship
grocery, electricians, plumbers, carpenters, etc. (Laukkanen and Tornikoski, 2018).
1