Entrepreneurship Report: Ventures, Economic Impact, and Success Traits

This report examines entrepreneurship, delving into various entrepreneurial ventures, including small business enterprises, social entrepreneurship, trading, and industrial entrepreneurship, and large-size enterprises. It contrasts the similarities and dissimilarities among these ventures, highlighting the importance of innovation, risk-taking, and customer focus. The report then analyzes the significant impact of micro and small firms on the economy, emphasizing their contributions to employment, economic growth, flexibility, and adaptability. It further defines the traits and skills of successful entrepreneurs, distinguishing them from firm managers and exploring factors that motivate and shape entrepreneurial personalities, with a focus on planning, innovation, and market growth. The report underscores the crucial role of entrepreneurship in driving market success and economic development.

ENTREPRENUER
SHIP

Table of Contents
ENTREPRENUERSHIP...............................................................................................................................1
INTRODUCTION.......................................................................................................................................3
P1 Description on the entrepreneurial ventures and their differed typology of the
entrepreneurship. .............................................................................................................................3
P2 Define the various kind of the similarities and dissimilarities of teh entrepreneurial ventures. . .5
P3 Define the concepts like micro and small firm impact on the economy. ......................................6
P4 Define significance over the small business and business start up in relation to have growth of
economy............................................................................................................................................7
P5 Description on the various traits and skills of successful entrepreneur which differ them from
manage of firm. ................................................................................................................................7
P6 description on which Kind of factor will demonstrate motivation and the personality of the
entrepreneurs....................................................................................................................................9
CONCLUSION.........................................................................................................................................10
REFERENCES..........................................................................................................................................11

INTRODUCTION
The entrepreneurship plays the important role in relation to get the success in the
market. This is inclusive of the various kind of things such are as creation, innovation this all
activities are very helpful in order to bring growth in market. The entrepreneur is the person
who needs to take effective steps in relation grows productivity and profitability in the market.
This report is included of various factors are as types of venture, its significance and things
which will be helpful in order to managing the business oppression in the large manner. This
report gives major consideration over the various kinds of the things such are as plan of
business so that business will be run in the market with the smooth manner (Braun, Latham
and Porschitz 2016). This kind of the function will be helpful in order to have increment in the
economic growth of the firm. This kind of the activities will be helpful in order to demonstrate
the personality and motivation of the business. They are giving major focus over the
characteristics and traits of the business enterprise. This kind of the factor will be helpful in
relation have increment in the growth of the market.
P1 Description on the entrepreneurial ventures and their differed typology of the
entrepreneurship.
The entrepreneur is the person who always comes in the market with the help of the
differed product and services in the market. They are the people who are responsible to bring
variety of the innovation service (Charness, 2014). The main aim is to bring those kinds of the
products which will help them to have increment in the profitability of the enterprise. The
main goal is to have the start up plan with the initiative so that firm is able to grow the
profitability growth in the market. The planning for small business enterprise is to assist the
economic growth in the market. They need to take the smart step in relation to have growth in
the market. The small business management need to take the small step with the help of which
business can able to get the higher growth in the market. This kind of the activities will be
inclusive of the things like designing, planning, controlling and monitoring. In this there are
various kind of the entrepreneurial ventures are define in the following manner are as-
Small business enterprise- There is the various kind of the individual in relation to have
enhancement in the creative thoughts which will be helpful to them to provide the products to
the customer in the affordable price. In this individual need to effective plan in relation to
enhancing the growth in market. This kind of the product will be helpful in order to maximise
the productivity and profitability. The systematic planning will be helpful in order to

implement the changes so that appropriate and effective planning can be taken. With the help
of the best kind of the strategy the organisation is able to succeed in the market. This kind of
the activities will be helpful in order to have the economic development in the country.
Social entrepreneurship- this kind of the entrepreneurs is very helpful in order to bring the
social welfare in the market. In this manner they need to put their major focus over the wealth
and stability in the market. This kind of the ventures are limited they need to full fill the basic
requirement of the people in relation to get the success in the market. This kind of the factors
will be helpful in order to minimising the various things such are as discrimination, family
problem etc.
Trading entrepreneurs- This kind of the activity will be helpful in relation to enhance the
production activity in the market. This kind of the factor put their large focus over the finished
goods to end users (Bruni, Gherardi and Poggio, 2014). In this the entrepreneur plays the
major role in relation to act as the manufacturer, retailer, wholesaler, brokers and dealers. This
kind of the activity will be helpful in relation to grow the profitability in the market. The
trading activities will be helpful in order to grow profit in the market.
Industrial entrepreneurship- in this kind of the organisation those kind of the consumer
involve in the market who are having specific demand in the market in relation to the
products. They need to put their large focus over the bringing innovation in the market. With
the help of implementing this kind of the things the firm is able to enhance the effectiveness
and profitability in the market. This kind of the factor will be helpful in relation to have the
large amount of the growth in the market.
Large size enterprise- In order to establish this type of the business the person need to make
the major investments in order to grow the innovation in the market. With the help of this kind
of the factor they are able to bring the various kind of innovation in the field of technology. In
this manner they need to frame the various kind of the legal structure so that they are able to
make the good services in the market (Carland, Carland and Stewart, 2015). In order to
maintain the high amount of risk in the market. This kind of the activities will be helpful in
relation to innovate the product in the market. This kind of the factors will be helpful in
relation to have focus on the launching of the products in the market. This kind of the factor
will be helpful in relation to evaluate the performance and profits.
With the help of this kind of the typology firm is bale to have the growth in the market in large
manner. By skills, creation and motivation the firm is able to enlarge the oppression of the
business in the large manner. This kind of the activities will be helpful in order to take the
appropriate decision in the market so that firm is able to enlarged the oppression of the

business. By making all things in the effective the firm is able to expand re growth in teh
market.
P2 Define the various kind of the similarities and dissimilarities of teh entrepreneurial
ventures.
In order to develop the new business in the market, it is essential to apply various kind
of innovative theories in this manner the firm need to develop his action (Drucker 2014). In
order to make this more productive the business need to invest the huge amount of capital and
risk. In this manner there are some kinds of the similarities and dissimilarities are given such
are as-
Similarities Dissimilarities
The main goal of the entrepreneur is to
provide good and valuable products to the
customers by making innovation in this all.
The entrepreneurial business are having their
own risk and differed policies which is really
hard to cope up with it.
The entrepreneurial are working in relation to
deliver the better and effective services so
that they are able to promote the product in
the market with the good brand name. They
give major focus on finding the potential
customers.
Differed kinds of the entrepreneurial
stakeholders are taking various kind of
effective measures in relation to managing
the funds with the help of the banks and
loans (Carland, Carland and Stewart, 2015).
At the initial level the entrepreneurs need to
set the effective and efficient profit margin so
that they are able to attract the large
customers.
In this the large enterprise is involve in the
providing technological product so that better
modification can possible in order to deliver
the better and effective services. On the other
hand small business enterprise need to use
the limited resources.
In this the various kind of the risk and capital
are taken for their business enterprise in order
to have essential development in the firm.
In order to have entrepreneurial actuivity in
the large manner they need to bring the
necessarily development so that this kind of
the process welfare products so that their
activities can new small business.
With the help of using the innovative ideas
and latest technology the are able to meet the
need and demand of the customer in the
There are the unlimited liabilities in the
business like sole proprietorship so that jpin
stock firm can have the limited liabilities in

market. They need majorly focus over the
qualitative services rather than focussing
bovver the quantity.
order to achieve the maximum share in the
market.
P3 Define the concepts like micro and small firm impact on the economy.
The effect on the small and micro environment is invisible and it is having major
beneficial role in order to have the growth and development in the country. With the help of
changing in rules and regulation there can be large effect impact over the function of the
business enterprise. The brexit is the global company it is the research company ban dthey
need to analyse those thing which will be helpful for them in order to grow the size of teh
market (Carraher and Paridon, 2015). There are various kind of large impact over the small
and micro enterprise on teh growth and development of economy of UK in the following
manner are as-
Employee contribution- the contribution of the small business enterprise is very less in
comparison to the large enterprise. In this manner there is need to provide the job
opportunities to those who are skilled and can perform their job in the better manner. This
kind of the enterprise plays the major role in relation to enhancing the size of global market.
The UK economy is having the 5.2 billions in order to have the contribution in the small annd
micro business enterprise.
Impact on the economy- The overall growth of the UK is based on the contribution of the
small and medium size of the enterprise. In this manner the business enterprise need to offer
the differed kind of the product to the customer so that with the help of the innovation and
latest technology products they are able to attract the large number of customers in the market.
This will be helpful in relation to have growth in the market. With the help of this there can be
in order to have smooth growth in the market. With the help of stability they are able to bring
growth in the UK.
Flexibility- the firm need to operate their function in flexible manner so that there can eb large
amount of sustainability in the market. With the help of the adapting power they are able to
bring the ultimate control over the innovation of the product (Castello, Barbera and Vaara,
2016). During the period of teh economic crises the small enterprise need to have the ability in
relation to maintain the growth and stability of firm in market. they should adopt the changes
easily so that firm is able to run the business oppression effectively. This kind of function will
be helpful in relation to have long term growth in market.

P4 Define significance over the small business and business start up in relation to have growth
of economy.
In this various kind of activities is need to be included in the following manner are as-
Wealth creation and job opportunities- The establishment of the SME can be possible in
relation to have the resources and capital so that oppression of the business can be run in the
successful manner. The generation of profit is helpful in order to bring teh growth and
development in the country (Bird, 2015).
Create jobs- The entrepreneur plays the essential role in relation to bring the job opportunities
for person who are unemployed personal. This activity will be helpful for having growth and
development of country.
Balanced regional development- in this kind of the business it is essential to poromote the
growth of the various sector such are as power, water supply, shopping malls in this manner
they need to bring enhancement in the economic development of the country (Cherny and
et.al., 2016).
Gross domestic product and per capita income- by making effective contribution in the per
capita income of firm they are able to develop growth of firm in market. This kind of factor
are helpful in relation to maintain the long term sustainability in teh market.
Standard of living- This is another objective which will be helpful in relation to bring the
good development in the country. This kind of factor plays the tonic role so that growth of the
firm can e enhanced in large manner (Braun, Latham and Porschitz 2016). With the help of
innovation product in the market they are able to bring affordable product in the market.
P5 Description on the various traits and skills of successful entrepreneur which differ them
from manage of firm.
Basis Entrepreneur Manager
Motive The main objet of
entrepreneur is to full fill
the basic need of the person
in relation to give better and
effective initiate to activities
of the business enterprise.
The manager is the
responsible person in order
to set the activities of teh
firm in good manner so that
firm is able to carry
oppression of business
effectively (Castello,
Barbera and Vaara, 2016).
Status He is owner of the business Act as an employee of teh

enterprise. firm.
Risk The entrepreneur need to
face the various kind of
risk and in this manner they
need to maintain the
oppression of the business
effective manner (Carraher
and Paridon, 2015).
The manager is not able to
bear with the each risk of
the enterprise.
Rewards The entrepreneur of the firm
are responsible to carry the
changes in this manner he
should be rewards as per his
capabilities and effective
steps in the firm they are
having the profit share as
precondition of the market
(Castello, Barbera and
Vaara, 2016).
They are person who only
get salary of the fixed
amount.
Innovation They are the person who
make plan to have better
working of the firm by
taking various kind of
innovation approaches
which will be helpful in
relation to attract the large
no of the customers.
The manages implemented
those plan action which is
decided by teh
entrepreneurs.
Qualification The entrepreneurs need to
be highly skill and the
person who is able to make
changes and development in
the firm in positive manner.
The manager are teh person
who is responsible to make
changes as per the good
personal qualities of teh
firm o that each person can
able to run in the smooth
manner (Bruni, Gherardi

and Poggio, 2014).
The successful entrepreneur is the person who are responsible to taker various kind of
teh changes which make them differed as comparison to the others. He should have TEH
MOTIVATION SKILL IN RELATION TO MOTIOVATE ITS EMPLOYEES IN
MANNER TO DO THEIR BEST they need to determine the goals and objketiev ad work
hard in order to get the success in the market (Cheng, 2013). It can be understood with help
fo teh example are as the Mark Zuckererg who si the person responsible to carry the
application of face book which is helpful in order to connect whole world with small
information. This sit eh world leading organisation and this thing became possible only due
to his personal skills and traits. In this manager plays role in relation to implement effective
plans which are set by entrepreneurs in order to make development in the firm activity by
improving the qualities of product and services (Bruni, Gherardi and Poggio, 2014).
P6 description on which Kind of factor will demonstrate motivation and the personality of the
entrepreneurs.
The personality of the individual will reflect the motivation and the idea in relation to
making product and services in the effective manner. This is very essential to generatye teh
good plan and work towards it in order to make change in the firm. This kind of teh activity
will lead the share of the market to the maximum level (Braun, Latham and Porschitz 2016).
The policies and procedures in need to be understand by the entrepreneurs in relation to bring
the various kind of innovation process. This kind of activities will be helpful in relation to
bring those change which can change the over all working of firm.
The entrepreneur person need to have the skill in relation to motivates employees to the their
best in order to generate the high level of success to the firm. By taking various kind of the
innovation they are able to bring the changes in the product and services. This kind of the
factor denotes the high level of the success.
P7 description on evaluation on the past experience of the entrepreneurs which will be helpful
in order to hindrance the performance of the entrepreneurs.
The past experience and background creates the huge level of impact on the plan fo the
entrepreneurial. In this the success of the firm is overall dependent on the person professional
and personal background. There are various kind of trading company who success will be
determine by the vales of serving the better product to the customer (Akhtar, Lodhi and Khan,
2015). By making effective and efficient strategies the entrepreneur will be responsible to
bring growth in the market. By taking whole activities of the firm in the flexible manner thet

can bring the high level of modification which will be helpful in order to get the success in the
market. In addition to this kind of the function are helpful in relation to develop the sense of
humour of the person and understand the each thing in the effective manner this kind of the
activities will be helpful in order to denotes the accomplishment of the power.
CONCLUSION
Hereby it has been concluded that the entrepreneurship plays the important role in
relation to get the success in the market. This is inclusive of the various kind of things such are
as creation, innovation this all activities are very helpful in order to bring growth in market.
This report will give the major consideration over the various activities such are as policies
and procedure of entrepreneurship, traits and personal behaviour and their past experience
which will be helpful in order to bring the development in the activities. The main motive is to
make effective modification which will be helpful in order create successful position in the
market.

REFERENCES
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