Alcohol Abuse Digital Story

Alcohol Abuse Digital Story
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Table of contents
INTRODUCTION...........................................................................................................................3
LO1..................................................................................................................................................3
Scoping and defining Entrepreneurship.......................................................................................3
The typology of entrepreneurship................................................................................................3
Social enterprise...........................................................................................................................4
LO2..................................................................................................................................................5
Where entrepreneurial ideas come from......................................................................................5
Importance and role of small firms..............................................................................................5
interpersonal aspect of entrepreneurship.....................................................................................6
LO3..................................................................................................................................................7
Entrepreneurial characteristics and mind-set...............................................................................7
Skill set of entrepreneurs.............................................................................................................8
Personal entrepreneurial tendency...............................................................................................9
LO4..................................................................................................................................................9
Factors that influence the decision to start a business with example of successful entrepreneur
.....................................................................................................................................................9
The Risk can reward of business start-up..................................................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUCTION
An entrepreneur is an person who create their own business, they take most of the risk within the
business an injury all the rewards. the process run by the entrepreneur to set up their own
businesses known as entrepreneurship where they put on capital in the business to make it
successful.
This report will examine the different type of entrepreneurial venture and explain how they are
related to the typology of entrepreneurship. it will explore the similarities and differences
between the independent adventure. This report will interpret an assist the statistics and relevant
data to the micro and small business impact on the economy and explain the importance of font
businesses start off Cindy growth of social economy. it will also determine the characteristics
and skills of this accessible entrepreneurs and how they are different from the managers an
access the aspect of entrepreneurial personality reflect entrepreneurial motivation and mind-set.
in the end of this report will provide a comparison of two successful entrepreneurs from the
United Kingdom and explain their experiences can Haier or foster entrepreneurship.
LO1
Scoping and defining Entrepreneurship
 Entrepreneurship is the ability and the reediness to develop , Organise and run the
business enterprise along with any of its uncertainties in order to make profits. The most
promised an example of the entrepreneurship is the setting on business by voting on
capital. a person always start with their own business by putting their own capital to earn
maximum profits so they can be a successful entrepreneur and they can achieve high
level in the business world. and opinions take risk and put their money on different
product and services that can help to satisfy the customer needs and demand and they can
be a successful entrepreneur (Obschonka. and Audretsch., 2019).
 A entrepreneur is the person who continuously come up with the innovative new ideas.
as opposed to a typical entrepreneur who will often came up with the new single idea to
start a their own company than see it through play an important role in the day today
functional offset company. on the other side serial entrepreneurs come up with regular
new innovative ideas to start their business an oppose the typical entrepreneur. While
managers are totally different from both entrepreneur and serial entrepreneurs. Managers
work for the company that is owned by entrepreneur and Serial entrepreneur. They are
totally different than they get paid for their work.
The typology of entrepreneurship
Lifestyle firms & growth firms
Lifestyle forms are the businesses that provide with their own owners our owner about unity to
pursue a particular lifestyle and earn through their lifestyle. There are various things that can
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include within the lifestyle businesses like tour guides, loggers an golf pros are best example of
lifestyle firms. What did I say growth forms are considered at the we allowed arties adapted track
record of growth. they are often the subject of active debate between bulls and bears who
disagree with the sustainability of the performance of company. Their growth typically refers to
the financial metrics such as valuable share and revenue.
Roles and characteristics of Micro small and medium sized organisations.
Microbusinesses
Micro businesses are typically a microbusiness that can have employees fewer than the 10. They
have very important role in the economy to provide employment in local level and often function
as sole proprietorship an earned less than $250000 Annually. The characteristics of this kind of
business areas that it is helpful for the society to provide product and services nearby their area
so people don't need to move so long (Kraus., and et.al., 2018).
Small businesses
Small businesses are also a privately owned partnership, individual ownership or the
corporations that can have more than 10 employees with less annual revenue. Small businesses
had huge contribution in the economy of United Kingdom where they provide huge employment
and taxes paid by them are benefited to the general public. people who are without skills can
also get job in this kind of small businesses and they can get employed. there are very less capital
required to start the small businesses for the entrepreneurs an it can have higher scopes and
benefited the employer.
Medium businesses
Medium sized businesses can be defined as the Companies Act 2006 as the business with 250
implies or less or less than that. they can be a family owned and managed by the whole family
business. they operate their business on the state level where they sell their product and services
all over the state. and satisfy customers needs and demand. the characteristics of medium
businesses are that they can grow effectively and there are higher chances to convert into large
business and they can also globalise their business effectively and take competitive advantages.
Social enterprise
I social enterprise can be defined as the business that has particular objective that the serve on its
primary purpose. social enterprise seek to maximise the companies profits while maximising
benefits to the society and the environment. their profits are principally used to find the social
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