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Influence of Small Business on Entrepreneurship Growth

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Added on  2020-06-06

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ENTREPRENEURSHIP INTRODUCTION 4 TASK 14 P1 Different types of entrepreneurship ventures and its typology 4 P2 Similarities and differences between entrepreneur ventures 7 TASK 29 P3 Impact of small business on economy 9 P4 Contribution of small business and business start-ups to the growth 10 TASK 311 P5 Traits and skills of two successful entrepreneurs 11 P6 Personality of entrepreneur act as a motivational tool 13 TASK 414 P7 Background and experience can hinder or foster

Influence of Small Business on Entrepreneurship Growth

   Added on 2020-06-06

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UNIT 9.ENTREPRENEURSHIP
Influence of Small Business on Entrepreneurship Growth_1
Table of ContentsINTRODUCTION...........................................................................................................................4TASK 1............................................................................................................................................4P1 Different types of entrepreneurship ventures and its typology..............................................4P2 Similarities and differences between entrepreneur ventures.................................................7TASK 2............................................................................................................................................9P3 Impact of small business on economy...................................................................................9P4 Contribution of small business and business start-ups to the growth..................................10TASK 3..........................................................................................................................................11P5 Traits and skills of two successful entrepreneurs................................................................11P6 Personality of entrepreneur act as a motivational tool.........................................................13TASK 4..........................................................................................................................................14P7 Background and experience can hinder or foster entrepreneurship.....................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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INTRODUCTIONSmall business enterprises play a very crucial role in world economy by coming up withnumerous of ideas and creative products or services for acquiring maximum benefits. Basically,business having minimum employees with limited branches and short-term visions are known assmall size enterprise (Drucker, 2014). Mainly it is run by sole trader or in partnership with twoleaders for generating maximum benefits by satisfying their desired customers. This assignmentis going to segmented into four sections to highlight the significance of small scale association atmarketplace and their influence on UK economy. Initially, it describes various types ofentrepreneur ventures as well as its typology. Along with this, also explains similarities anddifferences between various types of venture. Characteristics and impressive attributes ofsuccessful entrepreneur that is; Mark Zuckerberg and Henry ford are also outlined in this project.At the end throw few lights on their essential traits which act as a motivational tool forindividuals and encourage them to become an entrepreneur. TASK 1P1 Examine different types of entrepreneurial ventures and explain how they relate to thetypology of entrepreneurship.Entrepreneurship is an effective procedure of bringing close to overall factors ofproduction, managing or organizing profit oriented task as well as transferring economicproducts and services in order to gain maximum benefits (Kirzner, 2015). Whereas, entrepreneuris an individual who has a ability of taking risk because of their knowledge, skills or learning.Along with this they are owner of an enterprise having numerous of objectives that are detailedas follows: - Believes in acquiring maximum benefits. Managing or handling their overall enterprise in an appropriate manner. Hiring managers to deal with subordinates.Arranging capital or funds for enterprise.Liable for liability. Therefore, before establishing a venture an entrepreneur need to consider various factorsas well as implement analysis on below components: - 4
Influence of Small Business on Entrepreneurship Growth_4

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