Entrepreneurship & Small Business Management: Skills and Impact

This report provides a comprehensive analysis of entrepreneurship and small business management, focusing on their impact on the social economy. It explores different types of ventures and their connection to various typologies, highlighting the skills, traits, and characteristics necessary for successful entrepreneurship. The report includes an interpretation of statistics demonstrating the influence of micro and small businesses on the economy, emphasizing the importance of small businesses and startups in fostering social economic growth. Furthermore, it examines the traits and skills of successful entrepreneurs, linking personality aspects to entrepreneurial motivation. The report also discusses how background and experience can either hinder or promote entrepreneurship, using examples of successful entrepreneurs to illustrate these points.

ENTREPRENEURSHIP
AND SMALL
BUSINESS
MANAGEMENT

Contents
INTRODUCTION...........................................................................................................................4
Task 1...............................................................................................................................................5
Task 2.............................................................................................................................................18
P3 Interpretation of statistics for showing impact of micro and small business on the economy
..............................................................................................................................................18
P4 Importance of small businesses and business starts-ups in growth of social economy. .20
Task 3.............................................................................................................................................22
P5 Characteristic, traits and skills of successful entrepreneurs............................................22
P6 Aspects of the entrepreneurial aspects personality reflect entrepreneurial motivation...24
Task 4.............................................................................................................................................25
P7 Background and experience can hinder or foster entrepreneurship................................25
Conclusion.....................................................................................................................................27
References......................................................................................................................................28

INTRODUCTION
Entrepreneurs are the one who have an aim to do something new which can be easily
acceptable by the people in a less time span. It creates competition in the market which good and
better influence upon the lifestyles of people due to having options to generate income and spend
rationally. The current report is upon the topic of entrepreneurship and its wider impact on social
economy. In addition with this, types of ventures and its linkage with different typologies are
also discussed under this report. The report also describes skills, traits and characteristics that an
individual must have to become an entrepreneur. Two successful entrepreneurs are also taken
into consideration with their respective backgrounds and experiences.
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Task 1
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