This report delves into the multifaceted world of entrepreneurship and small business management. It begins by defining entrepreneurship and its role in establishing businesses, then explores different types of entrepreneurial ventures, including micro, small, and medium enterprises, detailing their characteristics and differences. The report further examines the relationship between these ventures and various typologies of entrepreneurship, such as social and scalable start-up models. A mini-research component identifies the traits and skills of successful entrepreneurs. The report analyzes the impact of micro and small businesses on the UK economy, including their role in job creation, GDP growth, and innovation. It briefly discusses how small businesses and start-ups might contribute to the social economy post-Brexit. The report concludes by examining the factors that contribute to entrepreneurial success. This assignment is available on Desklib for students.