Unit 9 Entrepreneurship Report: Analysis of Qbic Hotel's Business

This report delves into the multifaceted world of entrepreneurship, examining various types of entrepreneurial ventures such as small business enterprises, scalable start-ups, social entrepreneurship, serial entrepreneurship, and female entrepreneurship. It explores the similarities and differences between these ventures, highlighting their size, structure, aims, objectives, and sources of finance. The report then analyzes the impact of micro and small businesses on the broader business environment, focusing on their economic impact, contribution to employment, and flexibility. Furthermore, it emphasizes the importance of business enterprises in fostering social and economic growth, including improvement in society, enhanced employment opportunities, and the increase in GDP. The report also identifies key characteristics, traits, and skills of successful entrepreneurs, drawing examples from prominent figures like Mark Zuckerberg and Steve Jobs, while also reflecting on entrepreneurial motivation and mindset. Finally, it discusses how background and experience can both help and hinder the entrepreneurial journey, offering a comprehensive overview of the subject.

UNIT 9
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
Task 1...............................................................................................................................................3
P.1 Different types of entrepreneurial venture and link with typologies ..............................3
P.2 Similarities and different between entrepreneur venture ................................................4
Task 2...............................................................................................................................................5
P.3 Micro and small business impact on business .................................................................5
P.4 Importance of business enterprise and growth of social economic .................................6
Task 3...............................................................................................................................................7
P.5 Characteristic, traits or skills of a successful entrepreneur .............................................7
P.6 Reflect entrepreneur motivation and mind set ................................................................9
Task 4.............................................................................................................................................10
P.7 Background and experience is help to hider and foster entrepreneurship .....................10
Conclusion ....................................................................................................................................11
Reference.........................................................................................................................................1

INTRODUCTION
Entrepreneurship determines effective activity to set up the organisation. In this way
entrepreneurship is help to business activity in organisation and solve business issue. It is focus
on the development on nation. In this context present report is based on the Qbic hotel. This
hotel basically located in United Kingdom and provide different kind of services (Koe, and et.al
2014). With this regard report assist to focus on entrepreneurial activity in businesses
environment. It is help to development of economic activity. Moreover, it inculcated different
kind of economic activity and relevant data which impact on micro and small business in
working environment. In this way, entrepreneur is focus to each activity in organisation.
Task 1
P.1 Different types of entrepreneurial venture and link with typologies
An entrepreneur is a person use different kind of entrepreneur activity in working environment.
Entrepreneur is person is use different kind of activity and different path in working environment
(Ghosh and Guha 2015). With the help of all this path entrepreneur start a new venture in
corporate world. In this way entrepreneur is use limited resources and planing in entrepreneurial

venture and start a new venture. In this respect, entrepreneur is focus on different kinds of
venture in are as follows :-
 Small business enterprise :- In small business enterprise, entrepreneur is start a new
venture in organisation. In this way entrepreneur is unique and innovative in market. In
this way company is to be focus on more innovative market. It helps different kinds of
activity in new business (Evans and Williamson 2017). In small business entrepreneur is
hire local employees or family members. However, it has also faced a competition in
market condition. For example grocery store, travel agent, store fronts and internet
commerce. All are to be inculcated in small business enterprise. With in this small
business enterprise is U.K. Government provide help all the small business and
achievement of goals or objective in organisation.
 Scalable start-up enterprise :- In this type of small business enterprise government is
help to provide innovation in market (Bräuer and et.al 2014). It is help to give positive
result to the investor in this small business market. In this business entrepreneur is to be
focus on vision and mission of the organisation. Therefore, it provides opportunities to
the entrepreneur to increase brand image in market.
 Social entrepreneurship :- In this social entrepreneurship is provided a social services in
the society or community. It is help to all backward people for the growth in society. In
this case venture is not for profit only is to be focus on society well fare (Koe and et.al
2014). In social entrepreneur is to be focus on benefit for people with the help of
entrepreneur.
 Serial entrepreneur :- In serial entrepreneur is to be focus on future development in
organisation (Åslund and Bäckström 2015). In this type of entrepreneur is always started
a new venture. In this venturer entrepreneur is to be focus on innovation in product. It
helps to focus on increase growth rate in market.
 Female entrepreneurship :- In female entrepreneurship develop there outcome for
future valuation. In this type of entrepreneurship is increase in international market. It is
different form male entrepreneur (Martin and et.al 2013). In male entrepreneur is used
effective management skills in organisation.
This is all about the entrepreneur venture in organisation, it helps to growth and development in
new enterprise with the help of innovation.

P.2 Similarities and different between entrepreneur venture
In entrepreneurship is to be focus on different types of similarities in entrepreneur venture is help
to growth and development in organisation. In different types of entrepreneurial venture are as
follows :-
 Size and structure :- In organisation is most important to small medium enterprise to
increase growth rate in organisation. It is help to meet customer need and wants in
market. In this way, in order to compare with large enterprise , SME is focus on some
unique feature is to be added to large business enterprise (Regmi and et.al 2014). SME
need to provide unique quality of goods and services in organisation. For example,
entrepreneur planing for retail venture , to understand need ,concept and competitor. All
this factor is help to increase growth rate in organisation.
 Aims and objective :- In SME is improve needs and objective in organisation.
Therefore, social entrepreneurship has opportunities to make their better life to improves
revenue of the organisation (Regmi and et.al 2014). In this way, new innovate idea is to
be focus on different aspect in organisation. Innovation is help to growth rate in
organisation and help to increase growth rate in small sector enterprise.
 Sources of finance :- It is the most important factor for entrepreneur to provide finance
in organisation. In this way. Finance is a backbone of any venture (Koe and et.al 2014).
Entrepreneur is focus is to provide finance to the organisation, so work can be done
effectively in organisation.
Similarities between serial or female entrepreneurship
In serial entrepreneur is focus on future growth
of small sector organisation.
In female entrepreneurship is also focus on
outcome of future.
In serial entrepreneur use innovation in
business. (Lockyer and et.al 2017)
In female entrepreneur is also use innovation in
organisation.
Different between serial and female entrepreneurship
In serial entrepreneurship is use new strategy
and idea for future development.
In female entrepreneurship look for expansion
of business for global market. (Lockyer and
et.al 2017)
In serial entrepreneur is more turnover. In female entrepreneur is less turnover.

Task 2
P.3 Micro and small business impact on business
Entrepreneur is to be focus on micro and small business is to be focus on different aspect of
organisation. In this way, micro and small business is give impact to the performance in
organisation work and culture. Large enterprise contributes high economy to set the targets
which attained in systematic way (Xiang and et.al , 2015). Further, businesses also classified in
micro, small and medium size on the basis of employment structure and capital owned by the
firm. Private organisation have also effective nature to earn profit and growth in organisation. In
such way, partnership business is work on lot many partner to contribution of profit and growth
in organisation. In such condition following certain impact on performance are as follows :-[
 Economic impact :- In order to focus on economic growth in organisation. In this way,
company is use some innovation for future development in organisation. Innovation is
help to improve economy activity for future development (Li, and et.al 2015). In this
way, innovation is help to grown this economic condition for future development.
 Contribution through employment :- In such condition, SME is use more number of
employment opportunities is help to growth rate in organisation. It is biggest strength of
small medium enterprise is to be increase employment rate in economic condition. On
the other hand, there is no limit in large size of enterprise (Mehtap and et.al 2017).
Therefore, micro organisation are those that provide employment to more people. This
employment rates proves have the significant impact on economy in term of GDP.
 Flexibility :- In such a way, small medium enterprise is has been asses to economic
stability in fluctuation in market. In such a way, company is to be bringing rapid changes
in the organisation assists to accomplish desired results (Axelsson and et..al 2016). As
results, it could be identified that differences has been assesses in micro, small and the
large enterprises. Small medium enterprisers is to be focus on change work as per the
customer need in market. As per the customer need SME is work depend on the customer
need and wants in market.

This is all about the micro and small enterprise is give impact on performance in organisation
(Balqish, and et.al 2014). In this way, micro and small business is to be work as per the
customer need and wants in organisation.
P.4 Importance of business enterprise and growth of social economic
Small business is to be focus on effective activity in organisation. It help to the growth of
economic development and social economy in organisation (Koe and et.al 2014). It influences
the market growth and business evaluation in organisation.
 Improvement in society :- An entrepreneur is a person is used small business enterprise
is focus on improvement in society and work culture. With the help of financial resources
entrepreneur is help to improve standard of living, growth rate (Manzoni and et.al
2016). All such factor is help to growth of economic factor in nation.
 Enhance employment opportunities :- In this way entrepreneur is to be focus on the
growth rate in organisation. Entrepreneur is focus on increase employment opportunities
in economic. It is help to the growth rate in organisation (Fariborzi and et.al , 2017). In
addition to this, it also assists to increase wealth distribution, employment and social
amenities. Therefore, it providing more revenue to the government in term of taxes,
foreign exchange, etc. As results, performances of the firm increasing in market.
 Increase GDP for nation :- It help for the development in organisation. In this way,
company is to be focus on increase GDP in organisation and help to the growth rate in
development in organisation (Rosdi and Rodhi, 2016). Small business enterprise is work
on effectively, it help to increase GDP in economic condition.
All such factor is most important to the growth in organisation. An entrepreneur is a person is
help to maintain economic condition. To start a new venture, economic condition is most
important factor. With the help of financial resources entrepreneur is help to improve standard
of living, growth rate (Mei, and et.al , 2015). All such factor is help to growth of economic
factor in nation. It helps to achieve growth rate and maintain the market share in organisation.
With the help of all such factor economic condition is improved and help to new business. An
entrepreneur small business enterprise is U.K. Government provide help all the small business
and achievement of goals or objective in organisation. It help to increase profit and growth rate
in economic condition.

Task 3
P.5 Characteristic, traits or skills of a successful entrepreneur
An entrepreneur is a person is use different skills in working background. In organisation world
entrepreneur is help for new business or enhance existing business in organisation. In this way,
entrepreneur is a person who focus on different aspect on business condition. In this context,
two successful entrepreneurs adopted such as Mark Zuckerberg and Steve jobs (Koe and et.al
2014). Both possesses effective skills and characteristics that is different from other ordinary
managers. This is most famous entrepreneur in the world. Both are having excellent knowledge
of any activity for start a new venture in organisation. In this way entrepreneur have lot many
skills are as follows :-
 Confident :- An entrepreneur is a person is full confidence about the work in
organisation (Koe and et.al 2014). The entrepreneur done not ask question about the
succeeds in work place. They will be confident with there knowledge in working
environment.
 Open minded :- An entrepreneur is a person is always open minded about the work in
any sector. Entrepreneur realize that every event is a new business opportunities. This
habit is help to achieve growth rate ion organisation. Entrepreneur is use different ideas
or can say new idea for each situation in working environment. It is help to growth rate in
small business enterprise.
 Competitive :- Entrepreneur is a person is focus on competition in organisation. They
need to win in any situation is most important for any situation in organisation (Ghosh,
and Guha, 2015). It can see the competitive suction in organisation, is help for future
development in organisation.
 Development of competitive edge: These characteristics assists to individual to obtain
unique and innovative ideas. Therefore, it assists to entrepreneurs to stay different from
other ventures (Evans and Williamson 2017). Therefore, ordinary managers not possesses
ability to make competitive edge as compare to the Zuckerberg and Jobs.
 Planing for every things :- In this way entrepreneur is a person is focus on different
planing in each and every event. Planing is help to development in growth rate in work
place. Planing is help for any new venture, before start a new venture use planing in
organisation (Bräuer and et.al 2014). In addition to this, leaders are also possesses

effective leadership ability. It is the effective ability to lead with large brand that operate
at global market as well. In respect to compare with ordinary businesses, such leadership
skills is help for growth rate in organisation.
 Creativity :- In this way entrepreneur is a person make new creation in organisation.
This type of creation is help to increase customer traffic in organisation. New creativity is
help for future development in organisation. New creativity is help to attract customer in
organisation (Koe and et.al 2014). It is most important factor to increase growth rate in
organisation. It helps to improve social condition in organisation.
Skills of a successful entrepreneur are as follows :-
 Risk taking :- It is the most important quality of a successful entrepreneur is to take risk
in working environment. Entrepreneur is take risk in new business and take in positive
manner (Koe and et.al 2014). It helps to focus on different factor in organisation. Only
entrepreneur is a person who take risk in organisation, and handle them properly in
working environment. Therefore, it assists to obtain desired results in efficient and
effective manner.
P.6 Reflect entrepreneur motivation and mind set
An entrepreneur is focus on the personality, because it considered as a crucial element of among
all the entrepreneur. Personality is most important for achieve success in future growth. It helps
for economic development in organisation. In this way, personality is help to encourage people
about there work and achievement in organisation. It is help to achieve growth in organisation or
help to achieve success in organisation (Åslund, A. and Bäckström, I., 2015). Personality of
individual being characterised on the bases on there life style of a person. In this context
following are the different kind of factor are as follows :-
 Opennesses :- In this factor small medium enterprise is to be focus on different culture
and experience among the individual (Mehtap and et.al 2017). It is help to develop
profitability in organisation. Entrepreneur is a person is focus on different factor in
organisation. It helps to develop individual growth in organisation.
 Consolidation :- It this factor is to be maintain the discipline in work place. It is main
aim to achieve target in organisation with effective manner.

 Extroversion :- In extroversion inculcated is focus to develop positive emotion, so it
helps to achieve goals and objective in organisation (Åslund, and Bäckström, 2015). It
inculcated the energy is help to maintain the growth rate in organisation.
 Accommodation :- It inculcated the tendency to compensate or corporative. It helps to
maintain the growth rate in organisation.
 Neuroticism :- It is help to expresser emotion easily in work place. Such as a anger, this
is harmful at the time of growth (Mehtap and et.al 2017). An entrepreneur is maintained
all the emotion and expresser at the time of work.
All such factor is help to the economic growth and development of nature. An entrepreneur is a
person is use all these elements to maintain work force (Koe and et.al 2014). All this factor use
entrepreneur is help to growth rate in organisation. In small business management is help at the
time of increase growth rate in organisation or help to control all emotion at the time of working.
. A good entrepreneur will focus on the different aspect in the organisation to change mindset
(Martin, S and et.al 2013,). Entrepreneur is work is their own polices and structure in the
organisation.
Entrepreneur is use different ideas or can say new idea for each situation in working
environment. It is help to growth rate in small business enterprise. Entrepreneur is not followed
anyone in the organisation to achieve profit in the organisation. To maintain the emotion is
working environment is most important, because it can reduce the growth rate in organisation.
Entrepreneur is a person is help to maintain the growth rate and take risk in business (Koe and
et.al 2014). All such factor is help to increase profit and revenue in organisation. Entrepreneur is
a person who motivate each new employees in corporate world. Entrepreneur is a person is help
to change mind set of people in organisation and achieve target in organisation.
Task 4
P.7 Background and experience is help to hider and foster entrepreneurship
An entrepreneur is a person who take risk in any small or large business. To maintain the growth
rate in market entrepreneur is use creativity in each work in organisation. In such a way,
Therefore, it assists to compete with other organisation in effective aspect. Moreover, there are
also different factors exists which could be impact and helps to fostering the entrepreneurship to
attain desired results (Regmi and et.al 2014). For example, entrepreneurs experience and

education impact on their performances in entrepreneurship. In this way, this report is to be focus
on background of entrepreneur is help to achieve growth rate in organisation.
In background education qualification is most important factor in organisation. It helps
to maintain the growth rate in organisation. As results, Zuckerberg posses effective past
background that show her skills and capability is help to achieve growth in organisation. He is a
co-founder of Facebook, it is worlds no. one social site (Lockyer and et.al 2017). He got success
in a young age, with the help of motivation work he can achieve all this type of success in life. In
can say, family background and support is most important for success in any project. Family
support is help to increase moral and change mind set.
All this factor is help to motivate them to do work in proper manner. In this way,
Zuckerberg is take new risk in new filed. To take risk and make it success is a plus point of
entrepreneur. Zuckerberg is use all these techniques about the work, it is help to achieve growth
rate in respected market (Xiang and et.al 2015). Family support is most important to achieve
growth rate ion organisation. In this condition , entrepreneur is doing work on the basis of time
factor. In any work to set a time and complete work on this time. It helps to increase working
habit to the organisation. Some skills are most important for entrepreneur is creativity,
confidence, planing , open minded etc. all such skills is most important at the time of donning
work in organisation. New creativity is help for future development in organisation.
Planing is help to development in growth rate in work place. Planing is help for any new
venture, before start a new venture use planing in organisation (Koe and et.al 2014). In addition
to this, leaders are also possesses effective leadership ability. With the help of planing change
mind set. Proper planing is help to increase performance in any work (Li, and et.al 2015).
Planning is a bridge is gap between where we are and where we want to be in the future. Planing
is most important factor to increase growth rate in organisation. Zuckerberg is use proper planing
before doing any work.
An entrepreneur is a person is use proper planing is help to increase growth rate in
organisation. Steve job is also a big entrepreneur , he is a founder of apple company. Steve jobs
is use innovation and creativity to increase growth rate in organisation. It helps to maintain
growth rate in organisation of focus on past background. It is help to development of new skills
in work place. Social entrepreneurship has opportunities to make their better life to improves
revenue of the organisation (Mehtap and et.al 2017). In this way, new innovate idea is to be

focus on different aspect in organisation. This is all about the growth rate in organisation, growth
rate is help to achieve profit or growth rate in any business. All entrepreneur is to be focus on
past background, it is help to improve performance and increase growth rate in organisation.
Conclusion
Form the above report is Entrepreneurship determines effective activity to set up the
organisation. In this way entrepreneurship is help to business activity in organisation and solve
business issue. It is focus on the development on nation. In this context present report is based on
the Qbic hotel. This hotel basically located in United Kingdom and provide different kind of
services. As per the above report is focus on micro and small business is give impact to the
performance in organisation work and culture. Large enterprise contributes high economy to set
the targets which attained in systematic way. Further, businesses also classified in micro, small
and medium size on the basis of employment structure and capital owned by the firm. In this
report is to be focus on different small business management and growth of the economy. As per
the above report different skills is use by entrepreneur to achieve target in market. Different
skills is used to complete a task on time and achieve profit in organisation. Form the above
report, past background is help to motivate and change mind set. In small business enterprise
past family background is work to increase performance in small business management. Form
the above report personality is help to encourage people about there work and achievement in
organisation. It is help to achieve growth in organisation or help to achieve success in
organisation. Personality of individual being characterised on the bases on there life style of a
person.

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