Entrepreneurial Ventures Report - BTEC HND Business, Unit 9 Analysis

This report provides a comprehensive overview of entrepreneurial ventures, starting with an introduction to entrepreneurship and the qualities of an entrepreneur. It delves into different types of ventures, including small businesses and large companies, and explores the distinction between entrepreneurs and intrapreneurs. The report also examines social, private, public, corporate, and academic typologies of entrepreneurship. Furthermore, it includes a detailed comparison between private and public enterprises, highlighting their objectives, scope, and financial aspects. The conclusion emphasizes the importance of capabilities and talent for entrepreneurial success. The report is well-structured, including a table of contents, references, and is designed to meet the requirements of a BTEC HND in Business assignment, specifically Unit 9: Entrepreneurship and Small Business Management.

ENTREPRENEURSHIP

TABLE OF CONTENT
 INTRODUCTION
 Ventures
 Differences and similarities in these ventures
 CONCLUSION
 REFERENCES

INTRODUCTION
 Entrepreneur is a person who takes risk to earn
profitability for their business. Entrepreneur is a
person who work hard for success of business at a
large scale. Person is ready to sacrifice for growth
of business. And he is able to solve problems on
their own.
 Entrepreneurs have a passion to develop new
things and product and services to achieve their
goals easily. They have a plan and vision for
future development of their business.

Different types of entrepreneur ventures and typology
 Entrepreneurship
 Entrepreneurship is a process to create a
business to generate profit.
 Entrepreneurship comes with different types of
risk which will affect overall working of a
business and a person.

CONTINUE
 Difference between entrepreneur and intrapreneur
 Entrepreneur is a person who starts his own business with creativity and innovative idea.
Whereas intrapreneur is employee for business who is responsible for developing
innovation in product and services of organization. Entrepreneur develop their own
resources that they have and intrapreneur use those resources that are provided by their
organization.
 Entrepreneur earn a profit from business and intrapreneur earn salary for their efforts in
organization. Entrepreneur is an independent person make his own rules and regulation
whereas intrapreneur need to depend and work according to rules set by company.
 Entrepreneur aim to innovate new product in market and intrapreneur aim to develop
sustainability of organization in market.

Different ventures undertaken by entrepreneur
Small business entrepreneurship : Large number of small
business are working now days. Small businesses are not
too profitable but able to earn a small amount of money.
Different big brand and investors are not attracted
towards those business. Large company
Large business venture: offer innovative and attractive
products which help to attract customers easily.

Typologies
Social typology
Social entrepreneurs are those who works for welfare of society and serve to solve problem and fulfil social
needs. They are non profitable organization and aim to make a world better place to live.
Private typology
Such entrepreneurs start their business to bring change in world. Aim to get best employees in their business.
Public typology
These business work to offer goods that have quality to consumers and profit maximization is secondary
objective of firm. This is typology of large entrepreneur.
Corporate typology
This is the typology that works to develop new idea that can be implement inside organisation to raise values
of firm.
Academic typology
This kind of firms words for renewal and development of country by educating students.

P2 Different between entrepreneurial ventures
Basis Private Public
Meaning Private Enterprises are those which owned by
an private individual. Private companies have
their own control on working and costing of
products and services.
Public enterprises are those which are control
by government. Usually services provided by
public companies are free or less priced as
compare to private sector.
Objective
Scope
Private company works to earn profit and
increase sales of their product and services to
earn a competitive advantage.
Scope of private companies is wide as they
can expand into international market easily
and can work according to own directions.
public company aim to serve people in
country. Aim to provide quality life to an
individual at low prices.
Public companies have limited scope to grow
because their objective is to serve people well
hence these firms pay little emphases of
expansion and revenue generation.
Raise money / development and growth Private enterprise raise money for working of
their business from taking loan or from shares
and debentures. John Lewis is the private firm
that has generated 10.2 billion in 2018. apart
from this net income of company was 172
billion in the year 2018. Hence it is growing
with the rapid speed and working well in
market.
Public sector earn revenue from tax paid by
citizens.
BBC is public firm that has generated 4.449
billion revenue in 2019. total assets of firm is
1.172 billion according to record of 2019.
Operating income of firm is 52 billion.

Similarities
Public and private both companies like to retain consumers, as it is the primary
objective of both companies that to satisfy consumers so that they frequently
buy its services.
Getting funds for expansion is common necessity of both business because
without it they can not conduct operations significantly.
04/02
/20

CONCLUSION
 Entrepreneurship is not an easy task person require large number of
capabilities and talent to achieve their goals and objectives.
 In this report entrepreneur have an aim to develop business at a large scale.

REFERENCES
 Burns, P. and Dewhurst, J. eds., 2016. Small business and entrepreneurship.
Macmillan International Higher Education.
 Burns, P., 2016. Entrepreneurship and small business. Palgrave Macmillan
Limited.
 Etzkowitz, H. and Zhou, C., 2017. The triple helix: University–industry–
government innovation and entrepreneurship. Routledge.