UNIT 9 Entrepreneurship - Report on Qubic Hotel

Added on - 06 Jun 2020

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UNIT 9Entrepreneurship
Table of ContentsINTRODUCTION..........................................................................................................................3Task 1...............................................................................................................................................3P.1 Entrepreneurial venture....................................................................................................3P.2 Different types of venture and there similarities.............................................................4Task 2...............................................................................................................................................5P.3 Interpret the data and impact on micro and small business.............................................5P.4 Importance of small businesses........................................................................................6Task 3...............................................................................................................................................7P.5 Characteristics, traits and skills of two successful entrepreneurial..................................7P.6 Reflect entrepreneur motivation and mind set.................................................................9Task 4.............................................................................................................................................10P.7 Entrepreneur background and experience.....................................................................10Conclusion....................................................................................................................................11Reference.......................................................................................................................................13
INTRODUCTIONEntrepreneurship 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 thedevelopment of economic condition and development of a nation. In this context present report isbased on the Qbic hotel (Koe and et.al 2014). This hotel basically located in London andprovide different kinds of services. With this regard in this report is to be focus on differentaspect 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 andsmall business.Task 1P.1 Entrepreneurial ventureEntrepreneur is a person is focus on different path and activity in small businessorganisation. It is help to different innovative technology to achieve success in any smallbusiness. 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 asfollows :-Small business enterprise :- In small business enterprise unique and innovative ways ofdoing work in organisation. It helps to achieve profit in any business in organisation. Itinfluences to individual towards the organisation so that it is essential for those peoplewho are planning to start up this venture (Evans and et.al 2017). In small businessenterprise 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 socialserveries on the community (Bräuer and et.al 2014). It helps to welfare of people, so ithelps to increasing easily in any small business. In this way, typology has been carried inthe effective form in society which serve in effective and efficient manner.Serial entrepreneurship :- In this entrepreneurship is help to development of futureoutcome of working condition. It is also focused on the start-up of new venture in smallbusiness (Koe and et.al 2014). Therefore, unique products and services can be providedto customers.Female entrepreneurship :- In female entrepreneurship is to be focus on expansion of thesmall business in international market (Åslund, and Bäckström, 2015). Hence, they aretotally different form male entrepreneur. It is focus on effective management skills.Lifestyle entrepreneurship :- In lifestyle entrepreneurship is focus on future developmentprogram 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 toachieve target in international market.P.2 Different types of venture and there similaritiesIn small business entrepreneur is focus on venturer is help to maintain the growth rate inorganisation. In order to develop the effective functioning, following are certain differences andsimilarities 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 everysmall business organisation. In order to compare with large enterprise, SME need toprovide unique quality in goods and services so that they are able to attract more numberof customers in the business (Martin, and et.al 2013). For example, entrepreneur
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