The Impact of Education on Entrepreneurship

This assignment delves into the significant impact of entrepreneurship education on fostering entrepreneurial spirit among students. It analyzes research findings, considers environmental factors, and presents case studies to illustrate how educational programs shape successful ventures. The document also explores the role of thesis supervisors in guiding student entrepreneurs.

UNIT 9
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
Task 1...............................................................................................................................................3
P.1 Entrepreneurial venture....................................................................................................3
P.2 Different types of venture and there similarities .............................................................4
Task 2...............................................................................................................................................5
P.3 Interpret the data and impact on micro and small business .............................................5
P.4 Importance of small businesses........................................................................................6
Task 3...............................................................................................................................................7
P.5 Characteristics, traits and skills of two successful entrepreneurial..................................7
P.6 Reflect entrepreneur motivation and mind set.................................................................9
Task 4.............................................................................................................................................10
P.7 Entrepreneur background and experience .....................................................................10
Conclusion ....................................................................................................................................11
Reference.......................................................................................................................................13

INTRODUCTION
Entrepreneurship determines effective activity to set up the organisation. In this way,
entrepreneur is help to every activity in new business and solve business issue. It helps to the
development of economic condition and development of a nation. In this context present report is
based on the Qbic hotel (Koe and et.al 2014). This hotel basically located in London and
provide different kinds of services. With this regard in this report is to be focus on different
aspect of entrepreneur venture and innovation is help to achieve business in any field.
Furthermore, it includes interpret and assessment of relevant data which impact on the micro and
small business.
Task 1
P.1 Entrepreneurial venture
Entrepreneur is a person is focus on different path and activity in small business
organisation. It is help to different innovative technology to achieve success in any small
business. Therefore , they able to earn high amount of profit in small business enterprise (Ghosh,
and et.al 2015). Hence, individual termed as entrepreneur and venture demonstrated as the

entrepreneurial venture. In this way, entrepreneur is use different kinds of venture are as
follows :-
 Small business enterprise :- In small business enterprise unique and innovative ways of
doing work in organisation. It helps to achieve profit in any business in organisation. It
influences to individual towards the organisation so that it is essential for those people
who are planning to start up this venture (Evans and et.al 2017). In small business
enterprise it inculcated grocery shop, travel agency etc. with the help to U.K.
Government is help to promote any kind of small business enterprise.
 Social entrepreneurship :- In this social entrepreneurship is to be focus on social
serveries on the community (Bräuer and et.al 2014). It helps to welfare of people, so it
helps to increasing easily in any small business. In this way, typology has been carried in
the effective form in society which serve in effective and efficient manner.
 Serial entrepreneurship :- In this entrepreneurship is help to development of future
outcome of working condition. It is also focused on the start-up of new venture in small
business (Koe and et.al 2014). Therefore, unique products and services can be provided
to customers.
 Female entrepreneurship :- In female entrepreneurship is to be focus on expansion of the
small business in international market (Åslund, and Bäckström, 2015). Hence, they are
totally different form male entrepreneur. It is focus on effective management skills.
 Lifestyle entrepreneurship :- In lifestyle entrepreneurship is focus on future development
program is to be help on organisation obtain and handle risks in organisation.
This is all about the entrepreneurship venture is to be used in small business enterprise. It help to
achieve target in international market.
P.2 Different types of venture and there similarities
In small business entrepreneur is focus on venturer is help to maintain the growth rate in
organisation. In order to develop the effective functioning, following are certain differences and
similarities has been determines in the entrepreneurial ventures are as follows :-
 Size and structure :- In this way size and structure is most important in each and every
small business organisation. In order to compare with large enterprise, SME need to
provide unique quality in goods and services so that they are able to attract more number
of customers in the business (Martin, and et.al 2013). For example, entrepreneur

planning to start retail venture to understand need, concept, etc. of competitors. For
example, assessment of the performance of Tesco, Asda, etc. all such is most important
factor in organisation. It helps to focus on different kinds of entrepreneurial activity.
 Aims and objective :- In small business is help to maintain the growth rate in market. It is
focus on aims and objective in organisation (Martin, and et.al 2013). Therefore, social
entrepreneurship has opportunities to make their better life to improves revenue of the
organisation. Beside this, saleable start up venture assists to provide innovative ideas to
earn high profit and market share in long term aspect in different market.
 Sources of finance :- In any business finance is most important to start a new business in
market. Finance is a back bone of any small business enterprise. Entrepreneur is focus on
different types of sources of finance activity in organisation (Regmi and et.al 2014). In
this way, entrepreneur is to be focus on any financial activity in organisation. It helps to
promote business activity in organisation.
Similarities between lifestyle and serial entrepreneurship
In this entrepreneurship is help to development
of future.
In lifestyle entrepreneurship is focus on future
development program
It is focus finance activity. (Regmi and et.al
2014)
It also focuses on finance activity.
Difference
Lifestyle entrepreneurs focus on providing
reward to people to enjoy passion for
everything which done by people.
Serial entrepreneurs focus on the ideas and
strategy to start new enterprise through they are
playing important role for regular functioning
in organisation.
Task 2
P.3 Interpret the data and impact on micro and small business
In this aspect micro and small business is had huge impact on economy so that it is
important for the enterprise to contribute to make effective growth in nation. It also helps to the
enterprise to improves their economic condition in the country. In addition to this, it is also

essential for the organisation to obtain clear vision to accomplish desired objectives in small
business enterprise (Lockyer and et.al 2017). In this way, partnership businesses have several
partners those working for earning profit and divided equally that distributed effectively.
Because of the decline UK economy, SME businesses impact highly so that it is the main reason
due to operations are affected. In this context, following are certain impact of SME on the
economy. Entrepreneur is focus on micro factor that affect the business environment. In this
way, high economic condition set the target, it is help to maintain the growth rate in organisation.
Economic factor is most important to each and every country in organisation (Xiang and et..al
2015). In this way, entrepreneur is focus on different economic factor is help to maintain the
growth rate in organisation. There are some factor give impact on small medium enterprise are as
follows :-
 Contribution through employment :- In this factor this is a biggest sector in
organisation. Entrepreneur is focus on increase no. of employees in organisation. It is
help to generate more no. of employees any organisation (Li, and et.al 2015).
Entrepreneur is focus on contribution in the filed of employment.
 Economic impact :- In order to identify economic impact, SME play vital role on the
business which is very important to improve economic growth of the country. In respect
to bring innovations, it is very important for the organisation to grow their economy so
that businesses can easily compete with other organisation (Mehtap, and et.al 2017).
Moreover, organisation prove that it is highly effective that assists to provide
employment opportunities in the country. In economic factor is help to promote different
kinds of environmental activity in organisation. Economic factor is most important factor
in organisation . It helps to focus on large enterprise is give impact on the economic
growth in organisation.
 Flexibility :- Entrepreneur is focus on flexibility in work force. It economic stability in
U.K. Fluctuating in changing economic condition (Axelsson and et.al 2016). Therefore,
repaid change give impact on organisation performance in retail sector. It is the most
important activity in organisation.
There is all about the impact of micro and small business. Economic activity is most important to
achieve profit in organisation. It helps to focus on different aspect of organisation activity and
growth rate in organisation. Entrepreneur is see all economic activity and there impact on work

forces and innovation (Axelsson and et.al 2016). Entrepreneur is a person use innovation
techniques in new small business. At the time of innovation, some economic factor may impact
on performance in small business enterprise.
P.4 Importance of small businesses
Small business and start up determine effective activity in organisation. It is help to
increase growth of social economy in organisation. It is influences the market and business
operation are as follows :-
 Improvement in society :- An entrepreneur is a person is focus on the improvement in
society and achieve growth rate in organisation. It helps to overall society with the help
of innovation in market. With the help of financial resources, they improve standard of
living people (Balqish, and et.al 2014). It is help to development of economic condition
in the organisation. All such factor in small business is help to economic development of
society.
 Enhance employment opportunities :- In this way, entrepreneur is person use
innovative in new business and hire new employees in every new business. It is increase
employment opportunities in organisation (Manzoni and et.al 2016). Entrepreneur is a
person is reduced poverty and unemployment in any countries. In addition to this, it also
assists to increase wealth distribution, employment and social amenities. Therefore, it
providing more revenue to the government in term of taxes, foreign exchange, etc. As
results, performances of the firm increasing in market.
 Increase GDP :- An entrepreneur is a person is focus on increase GDP in nation. In
small business is give effective result in nation, it is help to increase GDP in economic
environment (Manzoni and et.al 2016). With the help of GDP is more opportunities to
development of countries. In economic activity it is a most important factor in
organisation. Entrepreneur is a person is focus on all the activity is help to development
of nation.
There is all about the importance of small business. It is help to development of economic
condition and growth. As per the above employment opportunities is most important factor in
countries (Fariborzi and et.al 2017). With the help of increase employment is help to remove
poverty in nation. All such factor is most important in organisation.

Task 3
P.5 Characteristics, traits and skills of two successful entrepreneurial
An entrepreneur is a person is used different skills in organisation. In this way, in each
entrepreneur is a person is use different kinds of skills in organisation. An entrepreneur is a
person is used different kinds of innovative ideas in small business enterprise. In small business
innovation is help to maintain the growth rate in organisation. With the help of innovation
entrepreneur is achieved any activity in working environment (Rosdi, and Rodhi, 2016).
Innovation is help to maintain the growth rate in organisation. In small business innovation is
help to increase customer traffic in organisation. The two most famous entrepreneur is Marks
Zuckerberg , Steve jobs. Both are very famous in there respected filed in organisation. There are
some characteristics and traits are as follows :-
 Planing for everything :- In small business or every new business planing is most
important factor. With the help of planing achieve future growth in any market. Planing
is most important function in organisation (Rosdi, M. and Rodhi, M., 2016). Planing is a
bridge is gap between where we are and where we want to be in the future. Mark
Zuckerberg is use planing in each and every activity. Before starting a work, planing is
most important factor in organisation.
 Converted idea into reality :- An entrepreneur is a person is converted idea into reality.
In small business enterprise, entrepreneur is a person is focus on new idea in each
business (Mei and et.al 2015). New idea is help to increase new things in market and
focus on attract more numbers of customer. It is help to increase number of share in
market.
 Development of competitive edge :- In these characteristics assists to individual to
obtain unique and innovative ideas. Therefore, it assists to entrepreneurs to stay different
from other ventures (Washuka, and et.al 2017). Therefore, ordinary managers not
possesses ability to make competitive edge as compare to the Zuckerberg and Jobs.
 Leadership :- An entrepreneur is a best leader in any business. It is a best quality of the
successful entrepreneurship. Leadership plays a very important role in every organisation
(Balqish, and et.al 2014). It helps to focus on different kinds of activities in working
environment. In this way, leader is focus on all team members in organisation and guide
them related to work in organisation. It helps to maintain the growth rate in organisation.

There are some kinds of characteristic of entrepreneur. Entrepreneur is work with the help of all
such treats in small business enterprise. There are some skills are as follows :-
 Risk taking :- In each business is having more risk and only one person to take risk is
entrepreneur. It is focus on the different kinds of activity in organisation. Entrepreneur is
a person who take risk and mange all resources in proper manner in organisation. It helps
to motivate in organisation work force and help to achieve target in different market.
 Learning habit :- An entrepreneur is focus on learning habit in organisation. With the
help of learning, entrepreneur is used different activity to set up the organisation (Li, and
et.al 2015). Learning habit is help to generate new ideas in organisation and maintain
the growth rate in organisation.
 Focus :- In small business enterprise, entrepreneur is focus on each and every activity in
organisation and help to every task in organisation. Entrepreneur is focus on different
kinds of activity is help top maintain the guidance in organisation. Proper focus is give
good outcome in the future. Every work in done with full potential and effective meaner.
There are all about the traits, characterised and skills of an success entrepreneur in organisation.
It help to maintain the growth rate in organisation (Balqish, and et.al 2014). Planing is a bridge
is gap between where we are and where we want to be in the future. In this way, New idea is
help to increase new things in market and focus on attract more numbers of customer. It is help
to increase number of share in market.
P.6 Reflect entrepreneur motivation and mind set
An entrepreneur is a person is focus on different kinds of activity is organisation.
Entrepreneur personality is help to change the mind set in organisation. Personality of the
individual being characterised as per the basis of lifestyle, culture and bringing up (Mehtap, and
et.al 2017). It assists to encourage individual to enhance positive mindset for setting the
objectives and goals in organisation. It is help to achieve growth rate in market and maintain the
ratio in organisation. In this way, it helps to maintain the growth rate in market. It helps to
overall society with the help of innovation in market. With the help of financial resources, they
improve standard of living people. It is help to development of economic condition in the
organisation. In this way, use some feature to use in organisation is OCEAN :-
 Openness :- In inculcated the culture, originality and experience among the individual is
help to achieve the profitability and growth rate in organisation.

 Consolidation :- It is focus on the main aim of the small business enterprise (Li, and et.al
2015). It creates the tendency to achieve aim and objective in organisation.
 Extroversion :- In this context, entrepreneur is focus on the positive emotion in
organisation. It helps to achieve profit in organisation.
 Accommodation :- It is a kind of strategy is to be used inside the organisation. It helps to
maintain the growth rate in organisation.
 Neuroticism:- It is focus on to the emotion at work place.
All such factor is most important to each and every new business. It help to maintain the growth
rate in organisation. An entrepreneur is a person is used different kinds of innovative ideas in
small business enterprise (Mehtap, and et.al 2017). In small business innovation is help to
maintain the growth rate in organisation. With the help of innovation entrepreneur is achieved
any activity in working environment. With the help of OCEAN is improved internal as well as
external factor in organisation . In this way, attitude of the entrepreneur is most important in
organisation. In small business environment entrepreneur attitude is help to maintained the
growth rate and achieve new target in market. It is help to increase the level of performance in
organisation and growth rate in organisation. Entrepreneur is focus on ethical value in work
place. In this context in working ethics is help to improve internal working environment and
change the value of internal working environment.
Therefore, repaid change give impact on organisation performance in retail sector. In
retail sector, OCEAN is most important to introduce new things and expansion of market
activity. In order to compare with large enterprise, SME need to provide unique quality in goods
and services so that they are able to attract more number of customers in the business. All such
factor is help to maintain the growth rate in organisation.
Task 4
P.7 Entrepreneur background and experience
In this way, entrepreneur is to be use to different skills and atmosphere in organisation.
Entrepreneur is a person use different techniques in each and every organisation. In this way,
innovation is help to increase the level of performance in organisation. Entrepreneur is a person
is family background is help to do work in more effective manner in organisation. Family
background is help to maintain the growth rate in organisation. Marks Zuckerberg is the founder

of Facebook (Li, and et.al 2015). It is one of the biggest company is technical field. It is focus
on each and every small activity in organisation. It helps to focus on different sectors in
organisation.
Entrepreneur is a person focus on the different aspect of the organisation. In this way,
entrepreneur family members support is most important in organisation. With the help of
formality background it helps to maintain the growth rate in organisation. Family background
help to maintain the growth rate in organisation. Entrepreneur is learned new things with the help
of family background and society. It is help to do work in faster way. In corporate world,
entrepreneur is focus on different activity in organisation. Entrepreneur personality is help to
change the mind set in organisation (Li, and et.al 2015). Personality of the individual being
characterised as per the basis of lifestyle, culture and bringing up.
It assists to encourage individual to enhance positive mindset for setting the objectives
and goals in organisation. In this way, entrepreneur personality is focus on different factor in
organisation (Evans and et.al 2017). It helps to maintain the growth rate in organisation.
Entrepreneur personality is depended on the family background, it will give impact on
performance management and growth rate in organisation. All such factor is help to increase
moral of the entrepreneur in organisation. In this way, entrepreneurship is work on each and
every small business and maintained the growth rate.
Social entrepreneurship has opportunities to make their better life to improves revenue of
the organisation. Beside this, saleable start up venture assists to provide innovative ideas to earn
high profit (Li, and et.al 2015). Finance is a back bone of any small business enterprise.
Entrepreneur is focus on different types of sources of finance activity in organisation. In this
way, entrepreneur is to be focus on any financial activity in organisation. Entrepreneur is focus
on finance factor is help to effective skills and development in organisation (Evans and et.al
2017). Entrepreneur is focus on to take risk in organisation. It is help to maintain the growth rate
and achieve target in each and every task in corporate world. Entrepreneur experience is focus on
the education qualification in organisation (Regmi and et.al 2014). It helps to maintain the
growth rate in organisation. All education qualification is help to understand new skills and small
business environment. All such factor is help to maintain the growth rate and increase
satisfaction level in organisation.

Conclusion
As per the above report is focus on the Entrepreneurship determines effective activity to
set up the organisation. In this way, entrepreneur is help to every activity in new business and
solve business issue. It helps to the development of economic condition and development of a
nation. In this above report is used some entrepreneurial venture in organisation. It helps to
growth in organisation and maintain the growth rate in organisation. Form the above report
Entrepreneur is a person is reduced poverty and unemployment in any countries. In addition to
this, it also assists to increase wealth distribution, employment and social amenities. Therefore, it
providing more revenue to the government in term of taxes, foreign exchange, etc. all such factor
is to be used in organisation. From the above report, Leadership plays a very important role in
every organisation. It helps to focus on different kinds of activities in working environment. In
this way, leader is focus on all team members in organisation. In this report is focus on
entrepreneur activity in organisation. It helps to maintain the growth rate and increase profit rate
in organisation. In this report, risk and only one person to take risk is entrepreneur. It is focus on
the different kinds of activity in organisation. Entrepreneur is a person who take risk and mange
all resources in proper manner in organisation.

Reference
Books and journals
Koe, W.L and et.al 2014. INTENTION TOWARDS SUSTAINABLE ENTREPRENEURSHIP:
A CONCEPTUAL FRAMEWORK. The Journal of Technology Management and
Technopreneurship (JTMT). 1(1).
Ghosh, C and et.al 2015. Determinants of profitability of the microenterprises led by women
micro entrepreneurs: evidence from Mumbai slums. International Journal of
Entrepreneurship and Small Business. 24(4). pp.455-473.
Evans, M.M and et.al 2017, January. Understanding the Central Tension of Indigenous
Entrepreneurship: Purpose, Profit and Leadership. In Academy of Management
Proceedings (Vol. 2017, No. 1, p. 14904). Academy of Management.
Bräuer, S., 2014. The Development of Social Entrepreneurs in Germany.
Koe, W.L and et.al 2014. Factors associated with propensity for sustainable
entrepreneurship. Procedia-Social and Behavioral Sciences. 130. pp.65-74.
Åslund, A. and Bäckström, I., 2015. Creation of value to society–a process map of the societal
entrepreneurship area. Total Quality Management & Business Excellence, 26(3-4),
pp.385-399.

Martin, S and et.al 2013, August. Empowering communities on line: A Massive Open Online
Community on App Development and Entrepreneurship. In Teaching, Assessment and
Learning for Engineering (TALE), 2013 IEEE International Conference on (pp. 37-40).
IEEE.
Regmi, K.K., 2014. FUTURES OF FINNISH ENTREPRENEURSHIP: A study seeking
possible, preferable and probable futures for Finnish entrepreneurship.
Lockyer, J., 2017. Coventry University. In Entrepreneurship Centres (pp. 19-40). Springer
International Publishing.
Xiang, Y., 2015. On How Female Postgraduates See Entrepreneurship. Journal of College
Advisor. 3. p.012.
Li, Y and et.al 2015. Research about the Effection of Incubated Enterprises Business Network
on the Enterprise Performance.

Mehtap, S and et.al 2017. Encouraging female entrepreneurship in Jordan: environmental factors,
obstacles and challenges. In Entrepreneurship and Management in an Islamic
Context(pp. 207-225). Springer International Publishing.
Axelsson, K., 2016, January. Strategizing in the Public Sector: Findings from Implementing a
Strategy of Entrepreneurship in Education. In International Conference on Enterprise
Marketing and Globalization (EMG). Proceedings (p. 68). Global Science and
Technology Forum.
Balqish, N and et.al 2014. The Human Capital Index Impact In Small And Medium Enterprise
Development: Case Study In Indonesia.
Manzoni, C., 2016. Student entrepreneurship: the impact of the thesis supervisor on students'
entrepreneurial entry.
Fariborzi, H and et.al 2017, January. Drivers of Early Internationalization: A meta-analysis
(WITHDRAWN). In Academy of Management Proceedings (Vol. 2017, No. 1, p. 16514).
Academy of Management.
Rosdi, M. and Rodhi, M., 2016. Factors Influencing Entrepreneurial Intention Among Rural
Community In Lenggong Valley, Malaysia (Doctoral dissertation, Universiti Sains
Malaysia).
Mei, L.I., 2015. A Three Layer Analysis of Returning Female Migrant Workers'
Entrepreneurship in Minority Areas. Journal of Shandong Women's University. 3. p.005.
Washuka, C.N and et.al 2017. Influence of entrepreneurship education in developing
entrepreneurs in Kenya-Case of a selected university (Doctoral dissertation, Strathmore
University).
15

16