BTEC HND Business (Unit 9) Entrepreneurship and Ventures Report

This report, created for a BTEC HND in Business unit on Entrepreneurship and Small Business Management, explores various aspects of entrepreneurial ventures. It begins with an introduction to the concept of entrepreneurship, defining the role of an entrepreneur and highlighting the importance of innovation, problem-solving, and risk-taking. The report then differentiates between entrepreneurs and intrapreneurs, contrasting their roles, motivations, and working environments. Furthermore, it analyzes different types of entrepreneurial ventures and the skills required for success. The report also provides a comparison between private and public enterprises, discussing their objectives, funding, and operational characteristics. Finally, the report concludes by summarizing the key findings and emphasizing the significance of entrepreneurship in driving business growth and societal development. The report is supported by relevant academic references.

ENTREPRENEURSHI
P

TABLE OF CONTENT
 INTRODUCTION
 P1
 P2
 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.
 Entrepreneur is important to develop employment
opportunities help to bring change in society. Report
will discuss entrepreneurship and difference
between entrepreneur and intrapreneur. Discuss
different activities of an entrepreneur for their

P1 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.
An entrepreneur is a person who starts a business for their own
success. Person need to have some skills and abilities to develop a
business. Overall experience help person to manage business
smoothly and also affect success of business at a large scale.
Entrepreneurship aim to change the world and solve all problems of
an individual.
Entrepreneurship brings innovation and creativity in an individual.
Aim to bring all people together to achieve a common goal.

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.

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 Private company works to earn profit
and increase sales of their product
and services to earn a competitive
advantage.
Whereas public company aim to
serve people in country. Aim to
provide quality life to an individual at
low prices.
Raise money Private enterprise raise money for
working of their business from taking
loan or from shares and debentures.
Public sector earn revenue from tax
paid by citizens.

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.
 Entrepreneur and intrapreneur both have their own
goals and different background and working style to
achieve goals. Different ventures have their own
style of work and aim that they want to achieve.
 Entrepreneurs aim to increase profitability of their
business and social entrepreneurs work for welfare
of society 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.
 Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and practice. Cengage
Learning.
 Light, I., Bhachu, P. and Karageorgis, S., 2017. Migration networks and
immigrant entrepreneurship. In Immigration and entrepreneurship (pp. 25-50).
Routledge.
 Monitor, G.E., 2016. Global entrepreneurship monitor. Empreendedorismo no
Brasil (Relatório Nacional). Curitiba: Instituto Brasileiro de Qualidade e
Produtividade, Paraná.
 Nambisan, S., 2017. Digital entrepreneurship: Toward a digital technology
perspective of entrepreneurship. Entrepreneurship Theory and Practice. 41(6).