Entrepreneurship and Small Business Management Report - ESBM Analysis

This report provides a comprehensive overview of entrepreneurial ventures, focusing on different types such as social and lifestyle entrepreneurship, and their relevance to the UK economy. It examines the impact of SMEs and business start-ups on the growth of the social economy in the UK, highlighting their importance in job creation and economic development. The report further analyzes the characteristic traits and skills of successful entrepreneurs, differentiating them from business managers, and explores how entrepreneurial personality and the wider ecosystem influence entrepreneurial success or failure. The analysis covers the UK context, focusing on the roles of innovation, adaptability, and competitiveness in the entrepreneurial landscape, providing insights into the contributions of SMEs to economic growth and employment.

Entrepreneurship and Small
Business Management
(ESBM)

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Different types of entrepreneurial ventures and the way they relate to typology of
entrepreneurship ventures.......................................................................................................1
P2. Similarities and differences between Social Entrepreneurship and Lifestyle
Entrepreneurship.....................................................................................................................2
TASK 2............................................................................................................................................3
P3. The way SME’s impact on the UK Economy..................................................................3
P4. Importance of SME’s and business Start-Ups to the growth of social economy in UK. .4
TASK 3............................................................................................................................................5
P5. Characteristic traits and skills of two successful entrepreneurs and the way they are
differentiated from those of business manager.......................................................................5
P6. The way aspects of entrepreneurial personality of both entrepreneurs reflect their
entrepreneurial motivation and mind-set................................................................................6
TASK 4............................................................................................................................................7
P7. The way personal background, personal skills and experiences, personality and the wider
entrepreneurial ecosystem can hinder or foster entrepreneurship success or failure.............7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
An entrepreneur is a person who believes in innovation at workplace. In this report, there
is a focus on improvement in market share and some changes are made in the overall
development of the organisation. The written report focuses on Council for small business
entrepreneurs in the United Kingdom. Further, it covered entrepreneurial venture is improved
overall business environment. In this context, social and lifestyle entrepreneur is more important
and make some changes in future improvement and increase overall market structure (Ayandibu
and Houghton 2017). In addition, new business start-up and development of economic condition.
Entrepreneur is a person who believe in overall invention is useful for overall development in
market share and make some changes in growth rate.
TASK 1
P1. Different types of entrepreneurial ventures and the way they relate to typology of
entrepreneurship ventures
There are different types of entrepreneur venture is most important to improve market
share and make some changes in overall development in economic condition. In this context,
many kinds of entrepreneurial venture is most important to improve market share. Social Entrepreneurship: -In social entrepreneur is one of the most important
entrepreneur for society to development of society and economic condition is improved
market share. There are lot many activities are increasing market share and use
innovation is to be used in market share. Social entrepreneur are innovating and make
some improvement in product and services to increase the number of customers in the
market. They may be non-profit, for profit and hybrid (Carter, Mwaura, and Jones, 2015).
This is one of the most important parts to make some changes in overall development and
for improvement in market share. It is help to improve wealth of the founder and
improvement overall work as per need of market share. Life style Entrepreneur: - In lifestyle entrepreneurship is focus on passion of doing work,
not for profit and growth must be used in market place. It is one of the most important is
life reward provide to people that is enjoyed and have a passion of what they are doing. It
is the most important part for enjoyment and fun (Henrekson and et.al 2014). On the
other hand, focus on more rewards of life and make some change in internal working
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environment. A lifestyle entrepreneur is who make their living online and some tools and
software must be used, but they are portable. To make some changes in overall work and
make some changes as per need of work place.
 Small business entrepreneurship; In small business entrepreneurship is being focused on
small business like grocery stores, travel agents, etc. They are anyone who tallies his/her
own business organization. They hire national workers or household. Most are hardly
profitable (Ciampi, and Gordini, 2013). Their explanation of the occurrence is to
provender the household and make a net income, not to take over a manufacture or build
a $100 million enterprise. They are to be focused on small changes and make some
improvement in overall development to increase market share. To be focus on small
sector enterprise and make some change in overall development and make some change
as per need of market.
These all are different types of entrepreneurial ventures and make some changes in
economic conditions and improvement in market. Innovation is most useful for small sector and
make some changes as per need of customer in the market.
P2. Similarities and differences between Social Entrepreneurship and Lifestyle Entrepreneurship
In this context, to be focusing on some improvement in economic condition and make
some changes in overall work and kind whatever changes as per need of market value. This both
entrepreneurial activity is most essential for development of economic condition and make some
changes as per need of market value, to be used and overall development in activity share (Li and
et.al; 2015). There are some similarities and difference between social and lifestyle
entrepreneurship are as follows:-
DIFFERENCES
Social Entrepreneurship Lifestyle Entrepreneurship
In social entrepreneurship is use innovation
and make some changes as per need of
economic conditions. A social entrepreneurial
is motivated by desire to help improve social
environment factor and make some changes in
overall development education and economic
A life style enterprise places passion before net
financial gain when launching a business in
order to combine personal interests and talent
with the ability to earn a living. Many
businessperson may be principally motivated
by the purpose to make their business bankable
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condition (Ciampi, and Gordini, 2013). in order to sell to stockholder.
In social entrepreneur is to be focus on create
market value to improvement and make some
changes in overall working environment. To be
focus on improvement in community and
development in society to increase market
share.
A lifestyle entrepreneur May determines to
become freelance, employed in order to
achieve greater face-to-face freedom, more
family time and more time on the job on task
or business goals that inspire them. A lifestyle
businessperson may harvester a hobby with a
community or they may generally decide not to
expand their business concern in order to
remain in powerlessness of their project.
SIMILARITIES
Social Entrepreneurship Lifestyle Entrepreneurship
There are some kinds of similarities is most
importance to innovation must be used in work
place (Li and et.al 2015).
In lifestyle entrepreneurial is focus on passion
must be flow with innovation must be used in
market share. To make some changes in overall
working environment and increase overall
performance level in small business
enterprises.
TASK 2
P3. The way SME’s impact on the UK Economy
The small sector organisation plays a most important part to improve market growth rate
and increased overall development in the market. In this context, entrepreneurial sector is using
innovation techniques to improve market share and make some changes as per need of the
economic environment of the UK. SMEs compares the largest part of the economic, physical
process and make some changes in overall development and improve productiveness of the
organisation. This is to be impact of overall UK productivity and exporter (Manzoni, 2016). To
make some changes in overall development and market share is most important part as per need
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of market share. Some other factor that is impact on overall development and improvement in
market share are as follows:- Society: - In this context a new start- up become a social movement and make some
change in overall development as per need of market share. The maturation of self-
employment and engineering such as system and devices like smartphones rich person
also blurred the differentiation betwixt work and backstage life and leisure time. Lots of
us have kerb our work e-mail in the oven or at the time period. On the other hand, small
business sector makes some change is overall development and increase is market share.
Home on the job has become more best-selling, partly due to rise of enterpriser and small
concern and once again due to engineering (Manzoni, 2016). To make some changes as
per the need of market share and improve overall working environment.
 Economic power house: -In this context, to be focused on improvement as per the need
of the overall work and increase growth rate in the market. In small sector enterprise is
most important and increase employment opportunities and improve overall employed
situation. In the UK, the vast number of concern employment less than 10 grouping,
accounting for 33% of employ and 19% of employee turnover, accordant to an informing
paper in the House of Common library promulgated in May 2016. It is the most important
part to improve state possibility and increase in market share (Ciampi, and Gordini,
2013). There are some changes as condition of economic environment and make some
changes as per need of market value and improve growth rate in market.
This is all kind of positive impact of small sector enterprise and make some changes in
overall development in market share. This is one of the most essential part that employment
opportunities must be increase as per need of market value.
P4. Importance of SME’s and business Start-Ups to the growth of social economy in UK
Small, medium enterprise is one of the most essential part for economic condition and
make some changes in overall development in market growth rate. The entrepreneur is focused
on innovation, which is used in economic development and improvement in market share. This
helps to increase market share and make some changes as per the need of the market. Small
business is backbone of UK economic condition to be dealing with job creation and make some
exchanges of market environment (Henrekson and et.al 2014). There are some changes to be
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used in overall work and improve condition of social factor. There are some importance of small
medium enterprise are as follows:- Micro business: - In micro business is to be focused on some changes in employment
opportunities to increase market share and make some improvement in growth rate.
Micro-businesses are characterized as whatever steadfast with fewer than cardinal to nine
workers. These business concern made up 4.6 million establishments in the UK. Contributors: - Innovation, adaptability and employment are the main contribution of the
UK economic sector and make some improvement in the education sector. More and
more innovation must be used in product and new product which is lunch and increase
overall government sector as per need of the market (Manzoni, 2016). To be the
contribution to employment growth rate in the United Kingdom and make some changes
in future development in the market. Competitiveness: - In small medium enterprise is to be attracted visitor and investor to
improve market share to increase growth rate in the market. They add diverseness and
mixture to municipalities and metropolis, while action a crucial function in helping the
ownership in which they are supported (Henrekson and et.al 2014). To be increase the
productivity firms and other factor which is used to improve marketing and make some
changes in overall development and per improvement as per need of market share.
 Economic growth: -In this context, to be focused on economic growth and improvement
in market share. There are some changes in improvement in economic conditions. Small
firms proceed to local efficiency because they carry maturation and creativity to the
assemblage they service (Cunningham and et.al 2014). They also focus on those workers
who are not working in large organisation and improvement in economic conditions.
TASK 3
P5. Characteristic traits and skills of two successful entrepreneurs and the way they are
differentiated from those of business manager
In entrepreneur is a person who focus on innovation and skills to be used in business. In
this context innovation is most essential part and help to achieve business objective and make
some changes in working environment. There are different types of characteristics of a
successful entrepreneur and make some improvement in market share.
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 Passion and motivation: - In this context must be focus on motivation is more important
part to improve overall working environment and increase growth rate (Henrekson and
et.al 2014). Motivation of each and every employees is most important and make some
changes in overall development in organisation.
 Strong money management: - In this discourse to be concentrating on the entrepreneur is
managing money in any manner. This is one of the last multi-purpose quality of
businessperson is money management is strong and management of money is more useful
to improve market conditions.
In this context there are some characteristics of successful entrepreneur is managed work
and make some improvement in market share (Manzoni, 2016). To manage work as per need of
overall working environment. On the other hand, two different entrepreneurs are Mark
Zuckerberg and Steve Jobs both are the biggest entrepreneur in there respected filed.
Entrepreneur is different from manager because manager is only focus on regular work
and day, to day operation activity, but entrepreneur is use innovation or can say something new
in market. To manage work as per need of market environment and betterment ion growing rate
in securities industry (). Manager is mange only internal working environment and increased
overall management activity in organisation. In this context entrepreneur is focus on each and
every activity in arrangement.
P6. The way aspects of entrepreneurial personality of both entrepreneurs reflect their
entrepreneurial motivation and mind-set
In small medium enterprise entrepreneurial is reflected entrepreneurial motivation of
other people and changes the mind set to increase overall performance. There are some most
important part is motivation is one of the most important parts and make some changes in
internal as well as the external working environment. With the help of motivation of their stories
and time factor to increase overall working environment (Cunningham and et.al 2014). To
manage work with the help of overall performance and implementation as per need of market
share. On the other side, change in mindset of another manager, is only done by big entrepreneur
and increase overall working environment. There are some most crucial part is internal as well as
external working state of affairs as per need of market share. In this context entrepreneur mind
set is help to change other mind set and make some changes as per need of organisation. In this
way, some factor is most important are as follows:-
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 Money is not for everything :- In entrepreneurial mind-set is seen that money is not for
everything is corporate world and make some changes mind set of different people in
working environment. Most importantly, you have to be Clare goals about the successful
for organisation (Cunningham and et.al 2014). It makes some changes as per need of
market value and improvement in overall development in working environment.
 Imagine good things: - In this context to be focus on imagine goods things to improve
overall work as per need of market share. Be positive in each and every sector and
increase growth rate in market.
TASK 4
P7. The way personal background, personal skills and experiences, personality and the wider
entrepreneurial ecosystem can hinder or foster entrepreneurship success or failure
In this context, to be focusing on some improvement and make some changes as per need
of market demand and motivated each and every employee. To change mindset is by the
entrepreneur is useful to day operational management and regular activity. For example,
businessperson experience and instruction impact on their carrying into action in
entrepreneurship. As a result, Zuckerberg has effectual past inheritance that shows his
accomplishment and capableness assists to foster effectual past inheritance. He is co-founder of
Facebook and make some changes in regular activity to improve performance level and make
some changes in overall carrying into action (Cunningham and et.al 2014). Therefore, it helps to
act as the booming business concern man in all over the global marketplace. In add-on to this
Steve Jobs also have the capabilities to take the risk that aid to foster entrepreneurship project.
To be focused on each and every activity and make some changes in development in future
markets. There is all about both big entrepreneur to help the small, medium sector to improve
performance level. In addition, manage work on time is ability in the working environment and
entrepreneur is using its internal work place.
CONCLUSION
As per the above report is based on the small medium organisation. In this report, there
are focused on improvement in market share and make some change in overall development of
the organisation. The written report is focused on Council for small business entrepreneurs in the
United Kingdom. Further, it covered entrepreneurial venture is improved overall business
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environment. Form the above report is based on Small, medium enterprise is one of the most
essential part for economic condition and make some changes in overall development in market
growth rate. It has helped to manage work and growth rate in the market.
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REFERENCES
Books and Journals
Ayandibu, A. O. and Houghton, J., 2017. The role of Small and Medium Scale Enterprise in
local economic development (LED). Journal of Business and Retail Management
Research (JBRMR). 11(2). pp.133-139.
Carter, S., Mwaura, S. and Jones, T., 2015. Barriers to ethnic minority and women’s enterprise:
Existing evidence, policy tensions and unsettled questions. International Small Business
Journal. 33(1). pp.49-69.
Ciampi, F. and Gordini, N., 2013. Small enterprise default prediction modeling through artificial
neural networks: An empirical analysis of Italian small enterprises. Journal of Small
Business Management. 51(1). pp.23-45.
Cowling, M., Liu, W. and Zhang, N., 2015. What really happens to small and medium-sized
enterprises in a global economic recession? UK evidence on sales and job dynamics.
International Small Business Journal. 33(5). pp.488-513.
Cunningham, T and et.al 2014. Better understanding the small business construct to advance
research on delivering workplace health and safety. Small Enterprise Research. 21(2), pp.
Henrekson, M and et.al 2014. Small business activity does not measure entrepreneurship.
Proceedings of the National Academy of Sciences. 111(5). pp.1760-1765.
Kim, H. D., Lee, I. and Lee, C. K., 2013. Building Web 2.0 enterprises: A study of small and
medium enterprises in the United States. International Small Business Journal. 31(2).
pp.156-174.
Martin, S and et.al 2013, August. Empowering communities on line: A Massive Open Online
Community on App Development and Entrepreneurship. In Teaching, Assessment and
Learning for Engineering (TALE), 2013 IEEE International Conference on (pp. 37-40).
IEEE.
Regmi, K.K., 2014. FUTURES OF FINNISH ENTREPRENEURSHIP: A study seeking
possible, preferable and probable futures for Finnish entrepreneurship.
Lockyer, J., 2017. Coventry University. In Entrepreneurship Centres (pp. 19-40). Springer
International Publishing.
Xiang, Y., 2015. On How Female Postgraduates See Entrepreneurship. Journal of College
Advisor. 3. p.012.
Li, Y and et.al; 2015. Research about the Effection of Incubated Enterprises Business Network
on the Enterprise Performance.
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Mehtap, S and et.al 2017. Encouraging female entrepreneurship in Jordan: environmental
factors, obstacles and challenges. In Entrepreneurship and Management in an Islamic
Context(pp. 207-225). Springer International Publishing.
Axelsson, K., 2016, January. Strategizing in the Public Sector: Findings from Implementing a
Strategy of Entrepreneurship in Education. In International Conference on Enterprise
Marketing and Globalization (EMG). Proceedings (p. 68). Global Science and
Technology Forum.
Balqish, N and et.al 2014. The Human Capital Index Impact In Small And Medium Enterprise
Development: Case Study In Indonesia.
Manzoni, C., 2016. Student entrepreneurship: the impact of the thesis supervisor on students'
entrepreneurial entry.
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