Presentation: Entrepreneurship and Small Business Management

This presentation provides an overview of entrepreneurship and small business management. It defines different types of entrepreneurial ventures, including small business, large company, scalable start-up, and social entrepreneurship, along with their respective typologies. The presentation explores the similarities and differences between these venture types, analyzing their key roles, objectives, and employee numbers. It assesses the impact of micro and small businesses on the UK economy, emphasizing their importance in job creation and contribution to the social economy. The presentation also highlights the characteristics and skills of successful British entrepreneurs, such as Simon Cowell and Duncan Bannatyne, and examines how their backgrounds and experiences have fostered their entrepreneurial success. Finally, the presentation concludes by summarizing the key points and providing references for further study.

Presentation on
Entrepreneurship
and Small Business
Management

Entrepreneurship means an activity which uses by people in order to
increase the organisational productivity. If people is having different skills
and traits then it should be use to start and run their own business. This
report is based on small entrepreneurship and business management that
helps to run a business. This report illustrates different venture and their
typology and impacts of small business on economy.
Introduction

Entrepreneurship: This means an ability and capacity of people for
developing , organizing and running an enterprises by using skills and
specification is consider as entrepreneurship. In other words, it is the
process of making plan, organizing and developing the activities so
products and services can be maintain effectively.
Types of entrepreneurial venture and their
relation to typology

Cont..
Small Business Entrepreneurship- An organisation which is established
with small amount and limited areas by single person in order to run
business and providing opportunity to local people is consist as
entrepreneurship.
Large company Entrepreneurship – Company which legal term and
condition, operated by number of people through arranging funds and
resources for the purpose of running business and increasing higher
productivity is consist as large entrepreneurship.

Cont..
Scalable Start-up Entrepreneurship – When organisation are consider as
innovation cluster who comes up with new ideas and thoughts for running
a business continuously is scalable start ups.
Social Entrepreneurship- The social enterprises are those organisation
which are established for social welfare and maintaining equality between
people by removing discrimination.

Types of typology in context to corporate and public
sector
Lifestyle typology – This is a type of segmentation in which
customers are segmented in a group according to their lifestyle which
helps to increase the number of customers and their lifestyle.
Growths firm – In this, organisation are seeking to their business
growth which is of small size and wants to expand their business. Every
organisation wants to increase growth by enhancing business activities
which helps to maintain the good image of business.

Similarities and difference between entrepreneurial
Basis Small Scalable Social Large
Number of
Employees In small
organisation the
number of
employees is less
than10.
This can be operate by
single and number of
people who have skills
and innovative ideas.
More than two
partners can start
this business for
doing social
benefits.
The number of staff in
large organisation is
more than 500 who
works collectively.
Key roles The role is creation
of income and
revenues by selling
products.
Role of business
concern is creator,
innovator, meeting
with customers needs.
Social workers,
meeting with
people wants and
improving their
living standards.
The main role of large
entrepreneurship is to
maximize the
productivity and
profitability by offering
variety of products and
services.

Objective To fill local
people demand
and needs by
providing
products and earn
income.
To continue the
business for long run by
using innovation and
new ideas so customers
retain smoothly.
To work for
social, provide
them benefits and
make strong
people.
To maximize the
profitability by
increasing number
of customers and
winning the
competition.

Cont..
Similarities
 Small, large, scalable and social entrepreneurship are establishing
business by providing products and services to customers.
 Their management are focusing on their activities for growing and
developing their business.
 All businesses needs capital, funds, resources and new ideas that can
help to operate a business (Parker, 2018).
 Risk is controlled and managed to provide satisfaction to customers.
 They focus on growth and development of their existing business.
 Running and expansion of business by ideas and knowing customer
needs.

Assessment of relevant data and statistics by defining
micro and small business impacts on economy
Small business are started at small level by arranging the capital and resources
to provide the products and services. In Small business less than 10 people are
working allows who operate their business successfully and increasing the
business activities. Micro business are very small business in which less number
of people are working which fill the needs and wants of their customers and
deliver them products and services. Such businesses are impacting on economy
of UK that are shows through graphs:

Cont..

Importance of small business and start ups to
growth of social economy
Start ups means business organisation which are newly established and running
the business in competitive business environment. In country small and Micro
business are very important as it helps to increase the leaving standard of people and
maintain the good performance. Theses business are contributing in the social
economy such as:
Creation of employment for local workers - Small and startups business are
needed employees to operate and manage the business activities for this they
recruits workers from the local level. This helps to provide the employment to
people who are living in local areas and wants to do job for earning. Therefore,
such business are contribution in social economy by giving chances to people for

Characteristics and traits of successful British
entrepreneurs
Entrepreneurs is a person who is able to analyse the situation of business and
take risk in order to increase organizational performance. This is
important for all people to have good skills and traits which can be used
to manage the all activities and performance in systematic manner and
maintain the profitability. Simon Cowell and Duncan Bannatyne are
successful business leader who have established their business by taking
risk and using their skills that can help to operate a business and increase
the organizational performance.

Cont
The characteristics and skills of such entrepreneurs are as defined:
Characteristics of Simon Cowell
Focus - Simon Cowell is having this characteristics as they are famous for
brutal honesty and focus during their tenure where such person has
started to work which made it different from other entrepreneurs and
managing the all activities effectively.

Characteristics and traits of successful British
entrepreneurs
Entrepreneurs is a person who is able to analyse the situation of business and
take risk in order to increase organizational performance. This is
important for all people to have good skills and traits which can be used
to manage the all activities and performance in systematic manner and
maintain the profitability. Simon Cowell and Duncan Bannatyne are
successful business leader who have established their business by taking
risk and using their skills that can help to operate a business and increase
the organizational performance.

Skills of Simon Cowell
Communication skills – This can be defined as important skills which
should be have in each person as it maintain the good relation between
management , employees, and customers that supports to run a business.
Good communication skills helped Simon Cowell to establish a business
and manage the all activities in challenging environment that can help to
increase the performance.

Characteristics of Duncan Bannatyne
Inspiration – This trait is uses by Duncan Bannatyne in establishing a
business in hospitality industry. In starting, this person has operated a small
food court by understanding the demand then developed their business.
Innovation – Duncan Bannatyne is having this traits as new activities and
functions are bringing by such person in their organization that supports to
increase the organizational productivity and maintain the higher
performance.

Skills of Duncan Bannatyne
Problem Solving skills – Duncan Bannatyne, is enough skilled person
who have qualities to listen the problem and go to better judgement by
resolving all problem in challenging environment.
Networking – Duncan Bannatyne is having networking skills that
facilitates business opportunity and develop the business effectively.

How background and experience hinder or
foster entrepreneurship
Background and experience of Simon Cowell
Personal background Simon Cowell was born on October 7, 1959, in
London, England. Cowell started his career in the
mailroom at EMI Music Publishing.
Work experience He worked as a record producer, talent scout and
consultant within the music industry before
producing the hit British TV show Pop Idol and its
U.S. counterpart, American Idol.
Nationality and
achievement
This person belongs to British nation. In early
2019 Cowell launched his latest TV venture, The
Greatest Dancer, for BBC One.

Background and experience of Duncan Bannatyne
Personal background Duncan Bannatyne born on 2nd February who is a Scottish
entrepreneurs, This person posses different skills and qualities
that supported to work in good ways.
Work experience His business interests include hotels, health clubs, spas, media,
TV, and property. He is most famous for his appearance as a
business angelon the BBC programme Dragons' Den. This
person was appointed an OBE for his contribution to charity. It
has written seven books.
Nationality and
achievement
This person belongs to Scottish culture and got many
achievement in their life as their family is very supportive.

Hinder/ Foster
Both entrepreneurs Duncan Bannatyne and Simon Cowell having
different skills and belongs to educated family where they get full
support from their family. This background supported them to foster the
entrepreneurship by taking all risk and using capabilities to work. Such
person are passionate about their workings and brining the changes in
their organization by managing all activities effectively.

From the report it can be concluded small, social, scalable and
large business having differing objectives and purpose which are
running business effectively. Entrepreneurs are those who have
special knowledge and skills in order to establish business and
increase the productivity in competitive business environment. Small
and micro business are important for social economy as it provide
employment opportunities and tax amount that uses in improving the
economical condition of economy. Entrepreneurs have different
characteristics and skills that foster or hinder the entrepreneurship.
Conclusion

References
Adekiya, A. A. and Ibrahim, F., 2016. Entrepreneurship intention among
students. The antecedent role of culture and entrepreneurship training and
development. The International Journal of Management Education.
14(2). pp. 116-132.
Edoho, F. M., Sheriff, M. and Muffatto, M., 2015. The present state of
entrepreneurship ecosystems in selected countries in Africa. African
Journal of Economic and Management Studies.
Jones, S., 2014. Gendered discourses of entrepreneurship in UK higher
education: The fictive entrepreneur and the fictive student. International
Small Business Journal. 32(3). pp. 237-258.
Lechmann, D. S. and Schnabel, C., 2014. Are the self-employed really jacks-
of-all-trades? Testing the assumptions and implications of Lazear’s theory
of entrepreneurship with German data. Small Business Economics.
42(1). pp. 59-76.

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