What Makes an Entrepreneur ?

WHAT MAKES
AN
ENTREPRENEUR
?

Table of Contents
INTRODUCTION...........................................................................................................................1
LO 1.................................................................................................................................................1
P1. Description on identification of entrepreneurial ventures and how this are relates to type
of typology of entrepreneurship.............................................................................................1
P2. Explanation on the similarities and differences between entrepreneurial ventures.........3
M1. Discussion on diverse range entrepreneurial ventures to demonstrate the understanding of
entrepreneur activities. ..........................................................................................................3
D1. Examination of scope, development and growth of entrepreneurial ventures................4
LO 3.................................................................................................................................................5
P5. Determination and analyses characteristic traits and skills of successful entrepreneur
which differentiates from other business managers. .............................................................5
P6. Assess and analyses that how aspects entrepreneurial personality reflect entrepreneur
mind set and motivation.........................................................................................................6
M3. Examination of differed arguments related to characteristic of entrepreneurial.............7
P7. Evaluate that how background and experience foster and hinder entrepreneurship........8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
The Entrepreneurship is the process which works as to process of designing, launching
and running activities of business enterprise effectively. He is the person who work as to provide
innovative ideas so that business function can run effectively. Entrepreneurs is key person who
bring various development in enterprise. The one of the main objective is to provide the depth
insights about entrepreneurial activities so that success of small scale enterprise can be achieved
(Choi and Majumdar, 2014). Thus, innovative ideas and technological advancement will be
helpful in terms to achieve effective growth in market. The entrepreneur is having various skills
and characteristics which will be helpful in order to take effective innovative approaches. The
present report is inclusive of case study of Steph croft simon who is the founder of Norm foods
and has launched Norm Popcorn. Thus, present assignment will be focussing over
entrepreneurial characteristics as are skill, attitudes and beliefs. This all are playing essential role
in order to process the each activities in the systematic manner. This activity work as to outlines
the relationship between entrepreneurial ventures and small scale enterprise so that connectively
all they can perform business activities appropriately (Abreu and Grinevich, 2013). In this way,
small scale entrepreneurship are having large impact over things as are labour turnover,
economic growth, job opportunities to local residents. This kind of activities will be helpful in
order to achieve maximum level of growth of an enterprise. The present report will focus on
aspects of Richard Branson in terms to provide flexible services so that enterprise can achieve
high amount of profitability and productivity.
LO 1
P1. Description on identification of entrepreneurial ventures and how this are relates to type of
typology of entrepreneurship.
The entrepreneurship is the kind of activity which works as to establish enterprise who
works as to earn the long term profitability and productivity. Under this, main objectives is to
examining the differed environments which helps to foster and hinder the growth of an
entrepreneurial activity. It has been defined in following manner as are-
 Small business enterprise- During the initial stage of small business enterprise the
enterprise works as to carrying business operation as small groceries sectors, travel
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agents, plumbers etc. Thus, small enterprise business can operate its activities by carrying
small amount of funds (Cerrato and Piva, 2012). This amount can be borrowed from
family and acquaintances so that business can be started. Hence, the main aim is to
satisfy the expectation of customer so that theEntrepreneurs is key person who bring
various development in enterprise. The one of the main objective is to provide the depth
insights about entrepreneurial activities so that success of small scale enterprise can be
achieved (Choi and Majumdar, 2014). Thus, innovative ideas and technological
advancement will be helpful in terms to achieve effective growth in market. The
entrepreneur is having various skills and characteristics which will be helpful in order to
take effective innovative approaches. The present report is inclusive of case study of
Steph croft simon who is the founder of Norm foods and has launched Norm Popcorn.
Thus, present assignment will be focussing over entrepreneurial characteristics as are
skill, attitudes and beliefs. This all are palying essential role in order to process the each
activities in the systematic manner. sustainability and profitability can be generated. It is
one of the basic typology of an enterprise.
 Scal1530166196able start up entrepreneurship- In this main aim of the enterprise is to
introduce organisational activities with innovative services. The main objective of this
kind of entities is to provide new products to customers. With help of providing
innovative products the entity is able to attract the buyers in market. This firm are highly
risk takers and mission, vision and objectives are need to be set defined and cleared. The
one of the main motive is to take effective steps in order to have creation and
maximisation of health (Drucker, 2014). With help of focussing over high production,
easy production and faster network services will work as to have rapid growth of an
enterprise. Thus, Richard Branson says to achieve success it is essential to be flexible and
adaptable as it one of suitable key for maximisation of growth.
 Corporate entrepreneurship – This is helpful in order to works as to evolution of new
ideas and opportunities and this all factors leads to have betterment of organisational
profitability. In addition to this, it can be said that corporate entrepreneurs core
innovators and high risk takers.
 Social entrepreneurship- This kind of enterprise focussing over to create innovative
products as it is helpful in order to full fill the social needs and desire. They main aim is
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