Entrepreneurship Report: Exploring Different Types and Their Impacts

This report provides a comprehensive overview of entrepreneurship, defining the concept and exploring its various types. It delves into small business entrepreneurship, highlighting its prevalence and characteristics, and then contrasts it with scalable startup entrepreneurship, focusing on venture capital and the pursuit of rapid growth. The report also examines large company entrepreneurship, emphasizing innovation and adaptation to changing market needs, and finally, it discusses social entrepreneurship, which prioritizes solving social problems. The report includes real-world examples of each type, such as hairdressers for small business, Facebook for scalable startups, Google for large companies, and Safepoint Trust for social entrepreneurship, providing a clear understanding of the diverse landscape of entrepreneurship.

I .What Is Entrepreneurship ?
The practice of ideating, developing, launching, and running a business venture along
with its financial risks is called entrepreneurship.
It is very important for the economic development of the expanding global
marketplace, especial in VietNam. A person who undertakes entrepreneurship is
called an entrepreneur.
Generally, starting your own business is a tough proposition as 90% of startups fail
each year. However, it comes as no surprise that more and more people choose to
be independent in their professional careers. In fact, 2 out of 3 people worldwide
think entrepreneurship is a good choice.
Majority of the people think that entrepreneurship has just one meaning. But there
are different types of entrepreneurship as described below:
II. Types Of Entrepreneurship
1. Small Business Entrepreneurship
In today’s world, the majority of businesses are still small businesses. In the U.S,
99.7% of all companies are small businesses and they employ 50% of all non-
governmental workers.
They are mostly barely profitable, but they make profits only to make a living and
support their families. Such businesses lack the scale to attract venture capital and
they are funded via friends/family or small business loans.
Examples of small business entrepreneurship include hairdressers, grocery stores,
electricians, carpenters, plumbers, consultants, etc.
2. Scalable Startup Entrepreneurship
In this type of entrepreneurship, entrepreneurs start their company believing that
their vision can change the world. Their funding comes from venture capitalists and
they hire the best employees. Finding a scalable and repeatable business model is
their goal. Once they find it, further funding from venture capitalists is required for
growing their business.
Scalable startups only make up a small proportion of all businesses due to the risk
capital and outsize returns.

Examples of scalable startup entrepreneurship include Facebook, Instagram, Online
shopping for electronics, etc.
3. Large Company Entrepreneurship
Large companies through sustaining innovation, offering new products that are
variants around their core products. New products are developed in order to meet
with changing customer needs and advanced technology. Often, companies do this
by partnering with or buying innovative companies.
Examples of large company entrepreneurship include Google, Microsoft, Samsung,
etc.
4. Social Entrepreneurship
Social entrepreneurship is where an entrepreneur creates products and services to
solve social needs and problems. Their only goal is to make the world a better place
and not to make profits or acquire wealth. They can be non-profit, profit or hybrid.
One example of social entrepreneurship is an organization named Safepoint Trust by
Marc Koska, which works to redesign medical tools and introduce inexpensive non-
reusable syringes for underfunded clinics around the world. This organization was
able to deliver 4 billion safe injections across 40 countries with their breakthrough
Auto-Disable syringes.
According to relate with the typology of entre..it provides different types of benefits
such as :
 Expansion and growth
 Attract new customer
 Labor division
 Capabilities of taking risk
 Provide access to finance
 Social entrepreneurship: these businesses are generally related to social
activities. They focus on solving the problems and complexities of social
activities. They develop fund to resolve the environmental issues which affect
their business. In the prior approach, companies do not take interest in social

entrepreneurship but nowadays this entrepreneurship is one of the-best using
approaches in large-scale businesses.
 A-Typology-of-Entrepreneurship-and-Some-Illustrative-Examples