Pearson BTEC Level 5 Entrepreneurial Ventures Report Analysis

This comprehensive report, prepared for a Pearson BTEC Level 5 Higher National Diploma in Business Unit 9: Entrepreneurship and Small Business Management, investigates various entrepreneurial ventures and their impact on the economy. The report begins by defining entrepreneurship, entrepreneurial activity, and enterprise, differentiating between serial entrepreneurs, intrapreneurs, and owner-managers. It then explores the typology of entrepreneurship, including lifestyle and growth firms, and entrepreneurship in both corporate and public sectors. The report further assesses the impact of small businesses on the economy by interpreting data and statistics, explaining the importance of small businesses and business start-ups to the growth of the social economy, and evaluating the differences between small, medium, and large businesses. The analysis extends to the international aspects of entrepreneurship and the role of small firms at local, regional, and national levels, supported by relevant data and statistics. The report includes an exclusive summary, a detailed table of contents, and a complete reference list, meeting all the specified criteria for the assignment.

Assignment front sheet
Learner name Learner Student I.D. Assessor Name
Navroop Sandhu 1017470 Miss Sabrina Tsang
Date issued Submission Deadline Submission Date
5th January 2022
23rd February 2022 23rd February 2022
Resubmission Deadline (If appropriate) Resubmission Date (If appropriate)
Internal Verifier Name Internal Verification Deadline
Qualification Unit number and title
Pearson BTEC Level 5 Higher National Diploma in Business Unit 9: Entrepreneurship and Small Business Management
Assignment title Assignment 1: Entrepreneurial Ventures
Criteria
reference To achieve the criteria the evidence must show that the student is able to: Evidence
(Page no.)
LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial
P1 Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship 13-23, 42-45
P2 Explore the similarities and differences between entrepreneurial ventures. 45-47
M1 Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding
of entrepreneurship in both the public and corporate sector. 23-25
D1 Critically examine the scope, development and growth of entrepreneurial ventures. 26-41
LO2 Assess the impact of small business on the economy
P3 Interpret and assess relevant data and statistics to illustrate how micro and small
businesses impact on the economy. 53-58
P4 Explain the importance of small businesses and business start-ups to the growth of the
social economy. 59-60
M2 Evaluate the differences small, medium and large businesses make to the economy,
applying relevant data and statistics 60-63
D2 Critically examine how small businesses have an impact on different levels of the
economy (local, regional, national) and in an international context. 64-78
Learner declaration

Plagiarism
Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students who break the rules,
however innocently, may be penalised. It is your responsibility to ensure that you understand correct referencing
practices. As a university level student, you are expected to use appropriate references throughout and keep carefully
detailed notes of all your sources of materials for material you have used in your work, including any material
downloaded from the Internet. Please consult the relevant unit lecturer or your course tutor if you need any further advice.
Student Declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of
plagiarism. I understand that making a false declaration is a form of malpractice.
Student signature: Navroop Sandhu Date: 9-2-2022
BTEC Assignment Brief
Qualification Pearson BTEC Level 5 Higher National Diploma in Business
Unit or Component
number and title Unit 9: Entrepreneurship and Small Business Management
Learning aim(s)
This unit provides students with an understanding of the definition and scope o
entrepreneurship and an understanding of the enables and barriers to business start-up
Students will learn about the influence of national culture and economy on entrepreneurshi
and will explore the personal characteristics of entrepreneurs and the impact of persona
situational factors, including education and background.
Students will also learn about the role and importance of small firms to the economy, an
about social enterprise and the social economy.
Assignment title Assignment 1: Entrepreneurial Ventures
Assessor Miss Sabrina Tsang
Vocational Scenario
or Context
You currently work as business consultant for a consultancy firm that provides advice and
market intelligence to small businesses and entrepreneurs. As part of updating the new
website you have been tasked with investigating different types of ventures and their impact
upon the economy to put on a webpage. This is a mini research project that is based on a
range of different examples, one of which should be a local business.
You should choose one example of each type of entrepreneurship, at least one of which
should be a local business. You must explore and compare different environments for each

of your examples and evaluate their impact and importance on the economy at different
levels. You should include data and statistics to support your findings.
Provide a report of the following according to the above scenario:
Activities
Activity 1 – Explore and illustrate the range of venture types that might be considere
entrepreneurial: (LO1 - P1 and P2)
I. Scoping and defining entrepreneurship:
1. What is entrepreneurship? Defining entrepreneurship, entrepreneurial activity an
enterprise.
2. The differences between serial entrepreneurs, intrapreneurs and owner- managers.
II. The typology of entrepreneurship:
1. Lifestyle and growth firms. Entrepreneurship in a corporate or public sector contex
2. Roles and characteristics of micro, small and medium-sized organisations.
III. Social enterprise:
1. Understanding social enterprise, social entrepreneurs and the growth of the socia
economy.
Activity 2 – Assess the impact of small business on the economy: (LO2 – P3 and P4)
IV. Where entrepreneurial ideas come from:
1. Definitions of creativity and innovation.
2. The main sources of generating business and entrepreneurial ideas. How businesses protec
intellectual property rights.
V. The role and importance of small firms:
1. The number and type of small firms and their contribution to the economy at national,
regional and local level.
2. Factors to consider: size, turnover, profit, rate of growth, innovation, sustainability and
adaptability.
VI. International aspects of entrepreneurship:
1. How international differences impact upon business start-up.
Submission Format Your assignment should be typewritten in Times New Roman, font size 12, 1.5 lines spacing
on A4 paper, page numbered and be submitted bound. This is in the form of an individual
assignment. You are required to make sure of headings, paragraphs and subsections as
appropriate, and all work must be supported with research and referenced using the Harvard
referencing system. Please also provide a bibliography using the Harvard referencing system

A cover page, table of content page, charts/diagrams/process and a reference page is
used as the skeleton of the assignment.
Sources of
information to
support you with this
Assignment
BURNS, P (2011) Entrepreneurship and small Business. 3rd Ed. Basingstoke: Palgrave
Macmillan.
DOWN, S (2010) Enterprise, Entrepreneurship and Small Business. London: Sage.
CARTER, S and JONES-EVANS, D. (2012) Enterprise and Small Business: Principles,
Practice and Policy. London: Pearson.
GRIFFITHS, A and WALL, S. (2011) Economics for Business and Management. 3rd Ed.
Harlow: Pearson.
Other assessment
materials attached to
this Assignment
Brief
Nil

Assessment Criteria
Pass Merit Distinction
LO1 Explore and illustrate the range of venture types that might
be considered entrepreneurial
D1 Critically examine the
scope, development and
growth of entrepreneurial
ventures.P1 Examine different types of
entrepreneurial ventures and
explain how they relate to the
typology of entrepreneurship.
P2 Explore the similarities and
differences between
entrepreneurial ventures.
M1 Investigate a diverse range
of entrepreneurial ventures to
demonstrate an understanding
of entrepreneurship in both the
public and corporate sector.
LO2 Assess the impact of small businesses on the economy D2 Critically examine how
small businesses have an
impact on different levels of
the economy (local, regional,
national) and in an
international context.
P3 Interpret and assess relevant
data and statistics to illustrate
how micro and small
businesses impact on the
economy.
P4 Explain the importance of
small businesses and business
start-ups to the growth of the
social economy.
M2 Evaluate the differences
small, medium and large
businesses make to the
economy, applying relevant
data and statistics.

ASSESSMENT RECORD SHEET
Qualification Pearson BTEC Level 5 Higher
National Diploma in Business Learner name Navroop Sandhu
Unit Number and title Unit 9: Entrepreneurship and
Small Business Management Assessor name Miss Sabrina Tsang
Assignment title Assignment 1: Entrepreneurial Ventures
First Submission
Deadline 23rd February 2022 Date submitted
Has an extension to the deadline been approved by the Assessor due to extenuating
circumstances? (If appropriate)
Targeted
criteria To achieve the criteria, the evidence must show that the student is able to: Achieved?
P1 Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship.
P2 Explore the similarities and differences between entrepreneurial ventures.
P3 Interpret and assess relevant data and statistics to illustrate how micro and small
businesses impact on the economy.
P4 Explain the importance of small businesses and business start-ups to the growth of the
social economy.
Higher Grade achievements (where applicable)
Grade descriptor
M1 Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding
of entrepreneurship in both the public and corporate sector.
M2 Evaluate the differences small, medium and large businesses make to the economy,
applying relevant data and statistics
D1 Critically examine the scope, development and growth of entrepreneurial ventures.
D2 Critically examine how small businesses have an impact on different levels of the
economy (local, regional, national) and in an international context.
Assessor declaration
I certify that the evidence submitted for this assignment is the learner’s own. The
learner has clearly referenced any sources used in the work. I understand that false
declaration is a form of malpractice.
Assessor signature Date
Date of feedback to learner

Learner signature Date
**Any resubmission evidence must be submitted within 15 working days of learners receiving
assessment feedback
Resubmission
Deadline Date submitted
Targeted
criteria
Criteria
achieved Assessment comments
General comments
Learner Declaration I certify that the evidence submitted for this assignment is my own. I have clearly

referenced any sources used in the work. I understand that false declaration is a form of
malpractice.
Learner signature Date
Assessor declaration
I certify that the evidence submitted for this assignment is the learner’s own. The
learner has clearly referenced any sources used in the work. I understand that false
declaration is a form of malpractice.
Assessor signature Date
Date of feedback to learner
**Any resubmission evidence must be submitted within 15 working days of learners receiving
assessment feedback

Higher Nationals - Summative Assignment Feedback Form
Student Name/ID Navroop Sandhu/ 1017470
Unit Title Unit 9: Entrepreneurship and Small Business Management
Assignment Number 1 Assessor Miss Sabrina Tsang
Submission Deadline 23rd February 2022 Date submitted
Re-submission Deadline Date re-submitted
Assessor Feedback:
Grade: Assessor Signature: Date:
Learner Signature: Date:
Resubmission Feedback:
Grade: Assessor Signature: Date:
Learner Signature: Date:
Internal Verifier’s Comments:

Signature & Date:
* Please note that grade decisions are provisional. They are only confirmed once internal and
external moderation has taken place and grades decisions have been agreed at the assessment board.
Pearson Education 2016
Higher Education Qualifications

Pearson BTEC Level 5 Higher National Diploma in Business
Unit 9: Entrepreneurship and Small Business Management
Assignment 1
Assignment Title: Entrepreneurial Ventures
Student Name: Navroop Sandhu
Class: BDB15
Assessor Name: Miss. Sabrina Tsang
Date issued: 5th January 2022
Completion date: 23/2/2022
Submitted on: 23/2/2022

Content
s
Exclusive Summary.................................................................................................................13
Entrepreneurship......................................................................................................................13
Entrepreneurial Activity...........................................................................................................14
Enterprise.................................................................................................................................17
Discussion of different types of entrepreneurial ventures........................................................17
Investigate A Diverse Range of Entrepreneurial Ventures to Demonstrate an Understanding
of Entrepreneurship in Both the Public and Corporate Sector.................................................23
The scope, development and growth of entrepreneurial ventures............................................26
Explanation of how these relate to the typology of entrepreneurship......................................42
The Difference between serial entrepreneurs, intrapreneurs and owner-mangers...................45
Explore the similarities and dissimilarities between entrepreneurial ventures........................47
Explain the role and the Characteristic of micro, small and medium-sized Economy............48
The growth of the social economy...........................................................................................52
Interpret and Assess Relevant Data and Statistic to Illustrate the Impact Micro and Small
Business Have on The Economy..............................................................................................53
Explain The Importance That Small Businesses and Business Start-Ups on The Growth of
The Social Economy................................................................................................................59
Evaluate The Differences That Small, Medium and Large Businesses Make to The Economy
..................................................................................................................................................60
Critically Examine How Small Businesses Have an Impact on Different Levels of The
Economy in A Local, Regional, National and International Context......................................64
Conclusion................................................................................................................................78
Reference.................................................................................................................................79