Entrepreneurial Venture Report: Analysis of Entrepreneurial Ventures

This report provides a comprehensive analysis of entrepreneurial ventures. It begins by defining entrepreneurial ventures and their role in economic development, focusing on the New Moon charitable organization. The report then explores different types of entrepreneurial ventures, including small business and larger business models, and their interrelation with various typologies such as serial and social entrepreneurs. It also analyzes the similarities and differences between these ventures. The report then examines the impact of micro and small businesses on economic growth, supported by data and statistics, and highlights the importance of these businesses for social economies. The report concludes by outlining the characteristics, traits, and skills of successful entrepreneurs, such as proper planning, financial management, risk-taking abilities, and motivation. The report emphasizes the importance of these factors for business success and overall economic prosperity.

Entrepreneurial venture

INTRODUCTION
Entrepreneurial venture can be define as the organization where the innovation and opportunity
generation is done by the entrepreneurs in order to maximise the economic growth and
development in the country. They works for the growth of countrywide and international
financial system by the use of innovation and development in the business. This venture firms
focus on providing growth to the business so that fulfilment of business needs and demand can
be done by the business person. Starting a new business that make change in the current situation
and helps the organization with the utilize of effectiveness, and proficiency of the commerce in
the marketplace. this report is based on the New Moon, it is a charitable organization that helps
the firms and start up company to secure loan with the angle investors. This report includes
information about different types of entrepreneurship venture and explanation of how they relate
with each other. Also this includes information about similarities and differences between the
business ventures. Also this includes impact of the small businesses on the economic growth.
further this includes, determined and interpreted the key aspects of an entrepreneur mind set. In
the last it comprises information about dissimilar environment that foster or hider
entrepreneurship.
MAIN BODY
TASK 1
P1 Types of entrepreneurial ventures and how they relate to typology:
Different types of businesses have diverse kinds of commercial venture that helps their
business towards the improved enlargement and enhancement of the goals and aims in most
efficient way. Different types of entrepreneurship venture works in different manner to analyse
the market growth of business and rate of effective profitability that business can gain from the
effective outcomes of the business venture. They works for the betterment and future growth of
the organization so that effective outcomes can be achieved in the business in most effective
manner. below is different types of entrepreneurial venture is explained:
Small business entrepreneurship: this businesses are privately owned by the independent
individuals that works for the betterment of future growth and proficiency of the business in the
market. According to this entrepreneurial venture they run the small business for the profit
maximisation purpose for the effective development of the sources of the business that provides
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effective growth and profitability to the business. Small business owners focus on making place
in the market and promote their business so that effective outcomes can be achieved. for the
better future growth they ensure that they provide the effective quality of product and services so
that proper growth can be achieved.
Larger business entrepreneurial: This business venture includes high rate of business
revenue and capital investment that helps the business in effective growth and enhancement of
the business objectives. This business works for providing effective services to the customers
and raise the stage of customer base in the marketplace. providing high quality manufactured
goods and services and enlarge the stage of client loyalty is main motive of the businesses to
expand their market growth and enhancement of the services they prefer. Larger businesses focus
on the profit maximisation so that their business can gain competitive advantages in the market.
in lager business there is huge competition that business deals with the high level of profitability
and growth in the market.
Entrepreneurship and their interrelation with the typologies:
Serial entrepreneurs: These are the entrepreneurs that starts business in very short period
of time and involve innovativeness and features of the business venture to explains the better
growth in the market. they make business ideas which is not introduced in the past and now they
want to change their venture capital with the use of effective sources of information. This
entrepreneurship is associated with the high level of risk in the business venture and chances of
failure in the business venture. Elon Musk is the example of serial entrepreneur that works for
the change in the business venture and develop new innovation and growth of business in the pre
existing market.
Social entrepreneurial: This typology of entrepreneurship explains the individuals that
work for the social benefits or social purpose. They focus on the effectiveness of their product
and services that helps the change in the society and development of the benefits for the society.
The main motive of the business is to create change by achieving the needs and demand of the
customers. In this business venture is linked with the benefits of the society to development of
the resources. There are different types of the business that focuses on the development of
effective sources gathering so that effective outcomes can be achieved.
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Analyse the similarities and differences between the entrepreneurial ventures:
There are various entrepreneurial venture that works in the similarities and differences that
helps their business in better development of the resources and gain of effective customer base in
the market. Different types of entrepreneurial venture enhance the growth and effectiveness in
the product and services offer by the organization in most effective manner. Below is the
explanation of similarities between the entrepreneurial ventures:
Motive: every business venture have same motive of gaining growth and effectiveness of
the business venture in the organization. With the of continues growth and enhancement of
business proficiency in the market business also deal with the maximisation of the business
venture in the market. the main motive of the businesses is to expand the market presence and
enhance the level of effective business growth.
Innovation: The business venture focuses on the effective growth and maximisation of the
resources planning in the business. Every entrepreneur focuses on making innovation and change
in the business so that they can increase improved profitability and development in the
marketplace. Business improves the stage of effective business development and fulfilment of
the organizational objectives in the marketplace. Innovation is the same factors in every
entrepreneurial venture.
Differences between different entrepreneurial ventures:
Basis Public organization Private organization Social organization
Profit
distribution
It distribute across the
management of the
organization. For all the
staff members and higher
authorities get the profit
share in the business.
The profit share in the
private organization is
separate to the
promoters of business
and owners of the
business venture.
The profit share of the
social business use in
the welfare and social
cause. They provide
society benefits from
it.
Revenue
sources
The sources of income for
the public are income tax
and other taxes they gain
from the citizens of
country.
There are various
sources that business
use for the revenue
generation. Such as
bank loan, venture
capital, etc.
The proving
assistance to the
government sources
of funds.
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Strategy
development
The strategy is
implemented for the
growth progression of the
community.
They implement for the
profit maximisation and
growth of profitability.
To enhance the level
wellbeing of the
society and growth
enhancement.
TASK 2
P3 Data and statistics to analyse how micro and small businesses impact on economy.
Small business play vital role in the growth and effectiveness of the business venture in the
economy of the country. They perform all the business activities to gain better growth and
development of the sources that provide business better insight towards the achievement of
profitable business in the country. Small business provide growth to the GDP of the nation and
provide effective goods and service that enhances the level of effective growth. below is the data
statistics that explains the contribution of the micro and small business in the growth of
economy:
From the above shown graph it can be understand that there is huge contribution of the SME
sector in the growth and development of the economy of the country. Small business has provide
high level of small scale business provides insight about the various objectives that business
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perform in order to gain better production and provide high level of employment rate to the
individual of the country. Increase in the social venture capital and growth of the commerce to
enhance the level of financial enlargement. the graph shows that the SME sector of the country
increase and gain better development and improvement of the purposes in most efficient way. the
rise in the economic scale due to the increase in the small business ventures. The growth of
micro and small businesses to enhances the level of effective business development and
enhancement of the GDP growth of UK. The minimum rate of employee turns over to analyse
the growth of social factor and enhancement of the economic development. the private company
in the UK has been increased and provide the development to the sources of the revenue
generation.
P4 Importance of small businesses and start-ups to the growth of social economy.
The small scale business has been increasing the augmentation and enhancement of society
development in the country to increase superior expansion and development of the goals. They
provide the high level of employment to the youth and provide effective standard of living of the
people living in the country. The small business also works for the local areas and development
of the effective product and services they provide to the individual of the society for the
enhancement of goals and objectives. These help the economic development of the country so
that they can better development of medium enterprise in the country. The small business
providing important resources and help the better growth and enhancement to exact of the
business venture to function to maximise the growth of opportunities for the small business
owners to gain better advantages in the market. there are many opportunities for the business of
suitable for the development of the business growth product and services to gain better
advantages.
TASK 3
P5: Explain the characteristics traits and skills of successful entrepreneur:
Entrepreneurship starts with the different skill set and mind set of the individual to make
change in the current situation of the market. They innovate and generate the new product
innovation in the business to analyse the needs and demand that provide business growth and
enhancement of the objectives. Below are characteristics traits and skills of entrepreneur that
helps to gain better development of business in the market.
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Proper planning: The main reason the entrepreneur successfully start business venture is
proper planning of the business and innovation in the business that assist them towards the
achievement of the target and goals of the business in most effective manner. proper planning
helps the business to gain better insight about the strategic development of the resources that
enhances the level of effective growth and development of the proper plan. Effective business
plan assist the business towards the understanding of the growth and enhancement of the
objectives of the business in the market.
Managing capital: Effective management of the finances in the business also help the
business in betterment of future objectives and growth of the entrepreneurial venture. Proper
management of capital resources helps the business to increase the level of profit in the business
and also provide betterment of the resources of the business. Managing the capital investment
enhances the growth and effectiveness of the business to gain better future development of the
business and enhancement of the business objectives.
Ability to take risk: It one of the major characteristic of the entrepreneur to take risk and
start the business venture that helps the business in better growth and enhancement of the future
objectives that entrepreneur has in order to start the business. Their ability to take risk helped
them in the effective generation of the profit and enhancement of the future objectives of the
business. Risk is the part of entrepreneurship and this should be an effective approach of the
business to take risk to gain better advantages in the future.
Motivation and passion: It is most common factor that every entrepreneur have with the
positive mind set to develop the business venture that helps them to enlarge the intensity of
effective life style and enhancement of the objectives that commerce has in order to gain better
development and enlargement of the resources. Motivation helps the entrepreneur to gain better
profitability and enhancement of growth and aims. Passion of the business venture assists to
improve the height of enlargement and profitability of the objectives.
Hard working: entrepreneurial venture provides the level of hard work that business
provides the business venture to enhance the level of effective development. Hard working
nature of the entrepreneur helps them to work hard for the development of effective resources
and gain of betterment of the future resources. Hard work helps business to increase the level of
effective business growth.
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P6: Analyse hoe aspects of entrepreneurial personality reflect on the entrepreneurial motivation
and mind set:
Effective business plan and motivation helps the businesses to increase enhanced
development and improvement of the business purposes that provides commerce assessment of
the business needs and demand in the future. High requirement of the entrepreneurial mind set
helps to gain better success of the entrepreneurial venture. The good working of the entrepreneur
helps the employees to improve the height of efficient business escalation to grow better
objectives and development of the commerce so that efficient improvement of the success can be
provided to the business venture. The high performance of the business also enhances the level
of effective business growth and effectiveness of the employee’s productivity. Hard working
personality of the entrepreneur helps to gain better growth and enhancement of the objectives
that promotes the growth of individual and enhance the level of effective performance of the
business venture. Creating high level of motivation in the business can also assist the better
growth and development of the objectives that business performers in the national development
of economic growth. high level of motivational factor in the business so that proper planning of
business venture to enhances the level of objectives to gain better growth. Motivation among the
employees provides betterment of future development of the resources. Passion of the
entrepreneur provide motivation to the employees so that they can also work for the better
growth and enhancement of the objectives of business. Hard work of the employee and
enhancement of the business venture can provide the insight about the objectives to gain
betterment in the future. for the enhancement of the future growth of business entrepreneur focus
on the effective mind set that provides betterment to the future growth and development of
resources.
TASK 4
P7: Analyse how background and experience of entrepreneur hider or foster the
entrepreneurship:
The growth and enhancement of business increase with the background and the experience
that entrepreneur has to develop the business and gain better growth. the family background and
growth of the entrepreneurial mind set increase with the use of effective sources. There are many
person in the life of entrepreneur that helps them to gain success in the path of entrepreneurial
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venture and expand their business growth. individual’s family and peers helped them to gain
better motivation to start the business venture so that they can gain better effective development
of the sources of the information. For the development of effective planning and source
development person needs to analyse the better development of the resources so that it can help
in the better understanding about the future growth. also there are many challenges that business
face due to the development of the resources and business.it helps the business entrepreneur to
experience the obstacles that provide the business venture the growth and effectiveness of the
future development so that effective improvement of the business plan can be made. Various
barriers in the business plan can assist the solution and better development of the business to
increase the growth and enhancement of the future objectives.
Excellent entrepreneur seek the intelligence and effective working process so that they can
enhance the capability of the business to attract the high level of customer base in the market and
enhance the level of growth that business can gain. The risk taking nature of person leads them
towards the achievement of business objectives that provide betterment to the future planning of
resources. Risk taking personality provide the business insight about the objectives that provides
the development of effective sources and gain of betterment in the future objectives.
Thus from the above discussion it can be understand that there are various sources that
helps the business to develop market growth and capability of the business venture. Various
sources and information about the objectives of the business can promote the growth of business
and enhance the capability of the business venture in the market. personality and motivation are
the two factors that provide better development of employee relation with the entrepreneur. Also
the business assist the growth and development of effective source planning.
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CONCLUSION
From the above information it can be summarise that there are many types of the business
entrepreneurial venture that works for the different purpose and growth of the business in the
market. the entrepreneurs ensure that they make strategic plan for the business growth so that
effective growth and enhancement of the sources of information can be gained. The main
objective of business is to develop insight about the objectives that business perform in order to
expand its growth and efficiency in the market place. For the development of effective resources
business can ensure the growth and effectiveness in most effective manner. small business
provide better growth to the economy of the country and ensure that they gain better future
growth and development of the resources.
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REFERENCES
Books and Journals
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