Entrepreneurship and Small Business Management

University
ENTREPRENEURSHIP AND SMALL BUSINESS
MANAGEMENT
Student Name
Lecturer Name
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Table of Content
Introduction......................................................................................................................................3
Task 1...............................................................................................................................................3
LO 1 Explore the various range of venture types that are considered in the entrepreneurial..........3
P1 Discuss the different types of entrepreneurial ventures and explain the typology of
entrepreneurship..............................................................................................................................3
P2 Explore the difference and similarities in the entrepreneurial ventures.....................................4
M1 Discuss various range of entrepreneurial ventures for understanding the entrepreneurship in
corporate and public sectors............................................................................................................5
D1 Examine the growth, development and scope of entrepreneurial ventures...............................6
Task 2...............................................................................................................................................6
P3 Provide relevant data that illustrates on micro and small business affect economy..................6
P4 Discuss the importance of small business and contribute the growth on social economy after “
Brexit”..............................................................................................................................................8
M2 Differences between small, medium and large business to adapt the economy.......................8
D2 Examine the small business makes the impact on various level of economy with local,
national, regional and international.................................................................................................9
Task 3.............................................................................................................................................10
LO 3 Determine the aspects of entrepreneurial mindset...............................................................10
P5 Determine the characteristics, skills and traits of two successful entrepreneurs, that
differentiate from business manager..............................................................................................10
P6 Reflect on the entrepreneurial mindset and motivation............................................................10
M3 Different line of arguments that relates to the entrepreneurial characteristics........................11
D3 Analysis the motivational drivers, skills and characteristics traits of successful entrepreneurs
by examples...................................................................................................................................11
Task 4.............................................................................................................................................12
LO4 Different types of environment that hinders the entrepreneurship........................................12
P7 From the practical examples, discuss the experience that could hinder or foster
entrepreneurship............................................................................................................................12
M4 Analysis the link between entrepreneurial characteristics that provides influence on the
personal experience or for successful entrepreneurs.....................................................................13
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D4 Discuss the experience and background that provides the negative and positive entrepreneurs
and provide examples....................................................................................................................13
Conclusion.....................................................................................................................................14
References......................................................................................................................................15
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Introduction
The Entrepreneurship and Small Business Management offers an experience that enhances the
learning skills and experience upon the people at the time of starting a business or obtain
employment in the orientation for growth on small business. Entrepreneurship lies at the heart of
business. Every organization enhances a small business that could be led by the entrepreneur.
The economy becomes volatile that provides the knowledge and skills for starting a new
business. In the established firm, there lies with a high demand of the entrepreneurial skills that
help to increase the performance of business. In the essay, there arises a finding from the
entrepreneurs in the micro and small business that provides impact on economy. Various types of
entrepreneurial ventures needs to relate with the typology. The main scope lie that the economic
development in small and large business depends on the skills of entrepreneur. From the
scenario, it has been found that successful entrepreneur needs to implement various opportunities
on the post Brexit in the country of U.K. There lies with factors that might traits that limit on the
entrepreneurship drive, it lies with the motivation and mind-set, which allows to develop the
entrepreneurial mindset.
Task 1
LO 1 Explore the various range of venture types that are considered in the
entrepreneurial
P1 Discuss the different types of entrepreneurial ventures and explain the
typology of entrepreneurship
There are basically four types of entrepreneurial ventures lies at the time of starting of business.
These are followed as:
i. Small Business Entrepreneurship
This type of entrepreneurial ventures could be operated on the profit enterprises that provide the
dominant on the particular field. Its main goal include to achieve the long-term business which
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