Report on Entrepreneurship: Ventures, Businesses, and Typology

This report provides an overview of entrepreneurship, focusing on the different types of entrepreneurial ventures and their characteristics. It distinguishes between small businesses, large companies, and social enterprises, highlighting their unique features and objectives. The report examines how these ventures align with entrepreneurial typologies, emphasizing the role of entrepreneurs in converting ideas into reality and generating profits. The report also explores the impact of entrepreneurial ventures on job creation, customer satisfaction, and overall economic growth. The conclusion summarizes the key findings, emphasizing the significance of entrepreneurship and its various forms in the business landscape. Finally, the report includes references to relevant academic sources.

9:
Entrepreneurs
hip and Small
Business
Management
(Part 1)

Table of Contents
• Introduction
• P1 Types of entrepreneurial ventures and how they relate
to typology of entrepreneurship
• P2. Differences and similarities between the
entrepreneurial ventures.
• Conclusion
• References

Introduction
The Entrepreneurs are the one who
are involved in the new idea and
innovation that is shaped by
him/her. The ideas are turned into
reality so that the demand of the
market is satisfied. They are
considered as the back bone of the
economy as they are involved in the
generation of maximum revenues
and job opportunities for all so that
their standard of living is raised

Types of entrepreneurial ventures and how
they relate to typology of entrepreneurship
The entrepreneurs are the one who run are entrusted with the
most important task of selling goods and services to the
customer with the main aim of maximizing profits.
Entrepreneurial ventures are the one which are established
by the entrepreneurs in lieu to earn profits and generate
revenues in order to raise standard of living. These ventures
are formed for their own purpose. The different kinds of
entrepreneurial ventures are divided on the basis of size,
scope, purpose and service.

Continued…
Different types of ventures are discussed below-
• Small business
• Large companies
• Social company
The types of typology are discussed below-
• Growth firm-
• Lifestyle enterprise

Distinction between entrepreneurial
ventures.
Basis Small Large Social
Characteristics They require limited resource for
running of business. The
interference of government is
also low.
It requires huge funds and
resources to run the business.
The government interference is
high as there are many
operations involves in such
businesses.
These businesses require the
money which is offered by the
government as they are working
for the welfare of the society.
Purpose The main motive of these
businesses is to earn the
livelihood in order to live
comfortably.
The main purpose of this venture
is earn profits by innovation of
new products or services through
innovative idea.
Their main purpose is to uplift
the living standard of local
people.
Scale These are the small businesses
which are operated at small scale
and uses small amount of money.
These operate at the large scale
as it involves huge money for
running large businesses.
They operate at local level in
order to satisfy local people and
society’s needs.

Similarity between Entrepreneurial ventures
Basis Small Large Social
Society upliftment They offers job opportunities
to people at the local level
with the help of which they
can live a good life ahead.
They offer innovative
products and job opportunities
to people in order to raise their
standard of living.
They are aimed to provide
services which can improve
society and its quality of
living.
Meeting needs They are established to satisfy
needs of customers.
They are formed to satisfy
customer needs at high level
by innovative offering.
They provide support to local
people so that their demand
and needs are satisfied.

Conclusion
It is concluded from the above report that entrepreneurs are
the one who convert their idea into reality and earn
maximum profits. There are different types of ventures such
a large, small and social which are linked to entrepreneurial
typology

References
• Welter, F., Baker, T. and Wirsching, K., 2019. Three waves and
counting: the rising tide of contextualization in entrepreneurship
research. Small Business Economics, 52(2), pp.319-330.
• Barnard, A., Pittz, T. and Vanevenhoven, J., 2019.
Entrepreneurship education in US community colleges: a review
and analysis. Journal of Small Business and Enterprise
Development.
• Jo’rayevich, M.B., Baxritdinovich, I.R. and Bulturbayevich, M.,
2020. The Role Of Regional Governance In The Development Of
Small Business And Private Entrepreneurship. European Journal
of Molecular & Clinical Medicine, 7(7), pp.705-711.

Thank You