Factors Influencing Entrepreneurship and Small Business Report

This report examines the various environmental factors that influence entrepreneurship and small businesses. It begins by defining entrepreneurship and highlighting the role of small businesses in fulfilling customer needs and generating profit. The report then explores both positive and negative influences, such as personal backgrounds, experiences, and societal factors. Several case studies are presented, including examples of entrepreneurs who have overcome personal challenges and those who have leveraged family backgrounds or innovative ideas. The report concludes by emphasizing the importance of courage, passion, and determination in overcoming challenges and achieving entrepreneurial success. The report also includes a list of relevant references that support the analysis and findings.

Entrepreneurship and small
business management

TABLE OF CONTENT
INTRODUCTION
Various environmental factors that hinder and
foster entrepreneurship
CONCLUSION
REFERENCES

INTRODUCTION
Entrepreneurship includes various activities that are
performed by individual to start or established new business
and undertaken associated financial risk.
Small business need to be effectively managed owner of
company so that needs of customers can be fulfilled and
individual can earn sufficient profit for better living for itself
and family member..

Various environmental factors that hinder and foster
entrepreneurship
There are various external environment factors such as
social culture, experience or background of individual
that have negatively or positively influenced
entrepreneur to start a business and earn profitability.
There are various individual who belong to business
family so it has positively motivated them to run
business to further live independent and luxury life.
Such as Chay at age of 18 only joined army and have
started its career in sailing at the same time it has
nonstop sailed so it can be stated that He liked to face
various challenges and adventurous.

JK Rowling
On the other hand some have faced
various challenges in their personal life
that have motivated them to become of
the successful entrepreneur of UK.
Such as JK Rowling that has faced
various issue or problem in her personal
relationship that have give her idea to
become a writer and philanthropist.

Marc Zukerbug
Marc Zukerbug is another real life example of
successful entrepreneur that owned one of the biggest
organisation that is Facebook.
Marc was college dropper and not interest much in
studies therefore in initial stages of life have to face
various challenges in job.
So, at that time he get idea to run a enterprise with
innovative and creative idea to develop a app named
facebook which is used by most of the younger
generation to have fun and enjoyment.

Tessa
Tessa is another successful entrepreneur of UK that have
get idea to start business by analysing increasing amount
of food wastage and unequal distribution of products and
services among individual.
 Tessa belong to farmer family so she knows value of
each food products that were made by both her father
and mother for different people.
 Since childhood she has seen her mother making new
and innovative food products from wastage collected so
that they can eat in future.

CONCLUSION
It can also be concluded that there are various factors that
positively and negatively influenced individual to operate business.
Past experienced and background of entrepreneur have huge
impact on influencing individual to become one of the successful
entrepreneur.
 Thus, strong courage, passion and determination helped them to
faced challenges and make extra efforts for growth and success of
enterprise.

REFERENCES
Coulibaly, S. K., Erbao, C. and Mekongcho, T. M., 2018.
Economic globalization, entrepreneurship, and
development. Technological Forecasting and Social Change, 127.
pp.271-280.
Ferreira, J. J., Fernandes, C. I. and Ratten, V., 2017.
Entrepreneurship, innovation and competitiveness: what is the
connection?. International Journal of Business and
Globalisation, 18(1). pp.73-9
Rippa, P. and Secundo, G., 2019. Digital academic
entrepreneurship: The potential of digital technologies on academic
entrepreneurship. Technological Forecasting and Social
Change, 146, pp.900-911.