Entrepreneurship and Small Business Report: Background Analysis

This report delves into the realm of entrepreneurship, specifically examining how an individual's background and previous experiences can either foster or hinder their success in establishing and managing a business. Focusing on the UK context, the report highlights the significance of small and start-up businesses in driving economic growth. It presents a detailed analysis of how factors such as personal experiences, motivations, and skills, like innovation and goal-orientation, contribute to entrepreneurial success. The report includes case studies of successful entrepreneurs like Kim Antoniou, JK Rowling, and Peter Jones, illustrating how their unique backgrounds and experiences have shaped their business ventures. The conclusion emphasizes the importance of these factors in contributing to the UK's economic landscape. References include academic sources and online biographies of the entrepreneurs.

Entrepreneurship and Small
Business Management

TABLE OF CONTENT
Introduction
Evaluation of the way background and previous
experience hinder or foster individual to become
successful entrepreneur
Conclusion
Reference

INTRODUCTION
Entrepreneurship is a ability of individual to undertake various activities such as
sells of products and services for establishment of business in order to earn specific
amount of profit margin.
 There are number of Small business and start- up business in UK that have
contributed in effective growth of economy.
Therefore small business needs to be effectively managed so that they can grow
and expand their operation in future circumstance.
It has examined and analysis the way background and experienced of individual
can foster or hinder in development of successful entrepreneur.

Evaluation of the way background and previous experience hinder
or foster individual to become successful entrepreneur
Background and experienced of individual contributed in
effective and successful development of entrepreneur that
can be illustrated with examples of different entrepreneur in
UK. Such as:
Kim Antoniou is one of successful entrepreneur of UK that
have founded Kafoodle in 2014 with helps of her friend
named Tarryn Gorre. She get inspiration and motivated to
decided to start its own business from a trama that is her
husband have been resuscitated from restaurant because a
waiter gave allergen information.

JK rowling
JK rowling have faced various challenges in its personal life despite
of that she decided to undertake business operation or write various
series of harry porter.
 She was born in 1965 at yate and his childhood was too happy and
since childhood she have interest or ambitious in writing.
Thus at age of six only she have written book on rabbit with measles
so it was another point which motivated her to introduce business.
JK rowling have faced problem in her personal relationship which
have motivated and inspired to think of innovative idea to write
series and book for people.
Such as handling her daughter after divorce so that inspired her to
think innovative idea to start business.

Peter Jones
Peter Jones is another entrepreneur of UK which is most famous
for role in BBC TV series that is dragon den.
He is too ambitious, hard working and motivated towards work
that contributed in development of huge enterprise that is valued
approximately £485 million.
It have overcame its bad time and make hard efforts for good
fortune as it was born in Maidenhead in 1966.
He was highly ambitious and day dream since his childhood,
having interest in sports or tennis with economic that have
motivated him to establish school of successful tennis for children.

CONCLUSION
 It can be concluded from above report that Entrepreneurship includes
activities that are run to provide products and services to customers in
exchange for specific amount of capital.
 Small and Start- up business are most crucial for growth and success of UK
as well as other economy as contributed in addition of value to GDP and
growth in overall employment opportunities.
It can also be concluded that innovative, creative and goals oriented skill are
presented in entrepreneur that helps to expand business.

References
Doktor, R. and Bui, T., 2018. The symbiotic relationship
of entrepreneurship and information technology. Int. J.
Entrepreneurship and Small Business, 33(4). p.467.
Kim Antoniou, 2019, [Online]. Available
Through :<https://uk.linkedin.com/in/kim-antoniou >.
J. K.Rowling Biography, 2019, [Online]. Available
Through :<
https://www.biographyonline.net/writers/j_k_rowling.html
>.