Various Kinds of Entrepreneurial Venture

   

Added on  2020-02-17

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UniversityEntrepreneurshipByDate NameLecture’s Name
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EntrepreneurshipTable of ContentsTask 1 Explore and illustrate the range of venture types that might be considered entrepreneurial.......3Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship....................................................................................................................................3Explore the similarities and differences between entrepreneurial ventures............................................4Interpret and assess relevant data and statistics to illustrate how micro and small business impact on the economy..........................................................................................................................................6Explain the importance of small businesses and business start-ups to the growth of the social economy...............................................................................................................................................................8Task 2 Assess the impact of small business on the economy.................................................................9Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector.......................................................................9Evaluate the differences that small, medium and large business make to the economy, applying relevant data and statistics...................................................................................................................11References...........................................................................................................................................13Page 2 of 14
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EntrepreneurshipTask 1 Explore and illustrate the range of venture types that might be considered entrepreneurialExamine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurshipVarious kinds of entrepreneurial ventures have business structures and unique purposes. Alongside that, the entrepreneurial ventures are partitioned into some critical variables, for example, sole traders, franchise entrepreneurial ventures, partnership and public limited. Other than that, beginning up a small business venture like Mobile café is the best case of entrepreneurial ventures. Every single sort of entrepreneurial ventures is talked about underneath: Sole traders: this sorts of entrepreneurial ventures is controlled by a solitary proprietor. Additionally, the sole proprietors like the owner of Mobile Café have all decision making power. Besides, one and the main sole proprietor has all decision-making process in this sortsof entrepreneurial ventures(Longenecker et al., 2010). Public limited company: with the assistance of legislative support and shareholders support, the general population public organizations perform the administrative execution. In addition,the general population limited entrepreneurial ventures keep up polished skill and don't propose their genitals to a general gathering. Alongside that, these sorts of entrepreneurial ventures depend on secretly and state-possessed businesses. Besides that, the shareholders have additional decision making power control in public limited entrepreneurial ventures(Longenecker et al., 2010). Partnership: the organization entrepreneurial ventures are called those independent companies which are guaranteed by two distinct proprietorsIn addition, both proprietors and accomplices have a level with decision-making process expert or power in the entrepreneurialPage 3 of 14
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Entrepreneurshipventure in private company. . Alongside that, the yearly gross benefit is partitioned into both accomplices of the organization entrepreneurial venture.Franchise entrepreneurial ventures: this sorts of independent venture can be characterised as an expert steps up with regards to make joint effort with driving Association and supply their items and services. Along with that, franchise entrepreneurialventures mean an individual can arrange and make mindful approach between a driving Association and endorsed people(Kao, 2002). The previously mentioned entrepreneurial ventures are incorporated into the typology of entrepreneurship. Alongside that, serial entrepreneurs incorporate some critical characteristicsand qualities which separate them from entrepreneurs and proprietor supervisors(Kao, 2002).A fruitful serial entrepreneur is a genuine inspiration and powerful leader, and he/she has an appropriate vision to fulfil craved objectives and targets. Moreover, the parts and qualities of micro scale, small and medium-sized associations are discussed here. Besides that, a typical entrepreneur who may be included with establishment entrepreneurial ventures has not motivational aptitudes and initiative qualities to the business effectively. Besides, the Chiefs have the particular part to play in an association and the administrators simply control and oversee operational procedures as per the headings of the leaders of the business. Explore the similarities and differences between entrepreneurial venturesPrivate limited entrepreneurial ventures: the private entrepreneurial ventures have a place with one proprietor who has all decision making process control in claim hand. Moreover, theprivate limited entrepreneurial ventures can be considered as sole trading. Additionally, the real contrast between private entrepreneurial ventures and public entrepreneurial ventures are that private entrepreneurial ventures are controlled by one proprietor like Mobile Cafe, however public entrepreneurial ventures are controlled and overseen by the service. The Page 4 of 14
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