Evaluating Opportunities for Small Businesses Post-Brexit in UK

This report examines entrepreneurship and small business management in the UK, focusing on opportunities arising after Brexit. It identifies various entrepreneurial venture types, including large company entrepreneurship, social entrepreneurship, scalable start-ups, and small business entrepreneurship, highlighting their similarities and differences. The report assesses the impact of small businesses on the UK economy, considering the role of micro and small businesses, and analyzes the characteristics of successful entrepreneurs, linking traits, skills, and motivational drivers to entrepreneurial success. Furthermore, it explores how experiences and backgrounds foster entrepreneurship, providing examples of both positive and negative influences. This study aims to provide a comprehensive overview of the entrepreneurial landscape in the UK post-Brexit.

University
OPPORTUNITIES TOWARDS SMALL BUSINESS POST
BREXIT FOR U.K
Student Name
Lecturer Name
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Table of Contents
Introduction......................................................................................................................................3
Task 1...............................................................................................................................................3
LO 1. Describe the range of ventures used in the entrepreneurial...................................................3
P 1 Different types of entrepreneurial ventures and discuss the process used in the typology of
entrepreneurship...........................................................................................................................3
P 2 Discuss the differences and similarities used between entrepreneurial ventures..................4
M 1 Understanding the entrepreneurship in both corporate and public sectors...........................5
D 1 Scope, growth and development of entrepreneurial ventures...............................................5
Task 2...............................................................................................................................................6
LO 2. Impact that arises from the small business economy............................................................6
P 3 Describe the process used in the micro and small business that makes impact on the
economy.......................................................................................................................................6
P 4 Discuss the process used in small business and business start-ups in the growth of
economy.......................................................................................................................................7
M2 Differences with the small, large and medium business applying appropriate statistics and
data...............................................................................................................................................8
D2 Discuss the impact happens on the small economy in context of local, national,
international and regional levels..................................................................................................9
Task 3.............................................................................................................................................10
LO 3. Key impacts arise in the entrepreneurial mind-set..............................................................10
P 5. Discuss the characteristics used in the successful entrepreneurs regarding the skills, traits
and characteristics......................................................................................................................10
P6. Explain the process that makes the entrepreneurial personality that reflects with the
motivation and mind-set.............................................................................................................11
M3 Arguments on the entrepreneurial characteristics...............................................................11
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D 3. Provide examples used in traits, motivational drivers and skills to set the success working
of entrepreneurs..........................................................................................................................12
Task 4.............................................................................................................................................12
LO 4. Different environments that hinder entrepreneurship.........................................................12
P 7. Discuss the process of the experience and background used in the foster entrepreneurship
....................................................................................................................................................12
M4 Develop a link between the with the characteristics that provide experience on the
successful entrepreneurship.......................................................................................................13
D 4 Provide examples that influence on the positive and negative experiences on the
entrepreneurship.........................................................................................................................13
Conclusion.....................................................................................................................................14
References......................................................................................................................................15
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Introduction
The entrepreneurship provides the main process that helps to design, run and launch a small
business. The entrepreneurship implements the beneficial areas for the development and growth
of a business. This thing has been viewed by the various countries that can be experienced on the
substantial poverty that makes the reduction of poverty in the last area of decades. The countries
include with the East Asian Tiger and China that has been capitalized for a long period with the
drive in the development of an economy. The main aim of this assignment includes with the
carrying out a successful entrepreneur on Brexit Company to enhance the opportunity to develop
a start-up business in the country of U.K. There includes with various form of traits and factors
that that can help to drive the entrepreneurship. The entrepreneurial personality provides the
reflection on the mind-set and entrepreneurial motivation. In order to carry out a new business in
the market of U.K, there is a necessity to indulge the skills to provide a high performance.
Task 1
LO 1. Describe the range of ventures used in the entrepreneurial
P 1 Different types of entrepreneurial ventures and discuss the process used in the typology
of entrepreneurship
The entrepreneurial venture is the important process that needs to focus on the organization.
There are various types of entrepreneurial ventures exists in the new-start business. These are
followed as:
i. Large company entrepreneurship
This types of entrepreneurial ventures provide the staff members that can effectively indulge in
the large organization to implement high performance. It lies with the profit earned by the
shareholders that make the maximum amount of revenues (Suddaby et al. 2015).
ii. Social entrepreneurship
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The social entrepreneurship is another form of entrepreneurial ventures that assist with the use of
innovation that makes the growth of the firm. The main goal of social entrepreneurship lies in
increasing the maximum amount of impacts in a proper manner.
iii. Scalable start up entrepreneurship
This entrepreneur venture lies with the development of innovation that assists the organization to
make a focus on the getting a new market with the services or products. The goal can be
achieved through the appropriate founders and investors that make the start-up of the new
business in the market. The main examples lie with the B2B software that uses this types of
ventures.
iv. Small business entrepreneurship
The small business entrepreneurship delivers a better process that makes the maximum efforts in
the gaining of profit. The long-term business can be achieved through the entrepreneurs ventures
that can be easily sustained. The main examples lie with the construction organization that uses
the small business entrepreneurship as the main entrepreneur ventures (Klotz et al. 2014).
The main process used in the typology of the entrepreneurship delivers skills and traits, which
delivers the main areas in the growth of the firm. The typology entrepreneurs enhance the
successive areas that help to maintain the better behavior of the staff members to provide high
performance. This provides the main success factors for the firm.
P 2 Discuss the differences and similarities used between entrepreneurial ventures
The similarity in the entrepreneurial ventures delivers a set goal that helps to implement the
maximum amount of profit in the workplace. The innovative strategic approaches are followed
through the entrepreneurial ventures. The main similarity includes the new business ideas that
help to meet the set goals in the present as well as futures areas. It enhances the decision-making
areas requires the organization to start-up a new business in the market of U.K (Fisher et al.
2014).
The main differences in the entrepreneurial ventures exist with achieving new things with the
technical aspects. The small medium enterprises (SMEs) can able to increase the maximum
amount of profit by focusing on a particular entrepreneurial venture. The entrepreneur tries to
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implement new planning with a limited amount of resources in order to carry out a start-up
business. The different form of services is generated from the entrepreneurial ventures. The
better form of strategy helps the business to deliver a proper service to the customers (Toft-
Kehler et al. 2014).
M 1 Understanding the entrepreneurship in both corporate and public sectors
In the entrepreneurial ventures, there lies with the different form of ranges that can be easily
understood by the public and corporate sectors. The success, risk and failure arise from the
planning and strategy focused by the entrepreneurs. A wide range of features can be achieved
through the adequate form of responsibility indulged in the entrepreneurial ventures. The
entrepreneurial ventures provide the better economic conditions that make the growth of that
particular sectors. It is important to analysis on the behaviors of entrepreneurs that might affect
on the entrepreneurial ventures. A good impact on behaviour results in the gaining of maximum
profit earned by the organization that might result in the yielding of maximum profit. The public,
as well as corporate sectors, need to understand properly about the importance of
entrepreneurship. There is various opportunity arise from the entrepreneurs practices which help
to meet the demand of customers. The economic conditions develop from the better quality of
products or services made by the company (Kuratko et al. 2015).
D 1 Scope, growth and development of entrepreneurial ventures
The development, scope and growth can be achieved by the particular followed entrepreneurial
venture. The better opportunity can be gained from the various form of services or products
arising from the entrepreneurial ventures. The main scope includes the engagement of skilled
staff member that provides the high performance in all sectors. The growth exists with the
maximising the economic conditions through the gaining of a maximum amount of profit. The
decision-making and planning are developed from the entrepreneurial ventures that help the
growth of the organization and stay ahead of the competition lying in the market. The
independent form of business provides the engagement of vital things that depends on the service
or products made by the organizations. The entrepreneurial ventures implement a proper area
that helps to make the growth of a business. The entrepreneurial behaviour enhances an impact
that is completely dependent on the performance of staff members. The main aims are enhanced
by the entrepreneurial ventures that make the success of the organization (Gielnik et al. 2014).
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Task 2
LO 2. Impact that arises from the small business economy
P 3 Describe the process used in the micro and small business that makes impact on the
economy
The small business and micro sectors are affected widely by the excess generation of the
economy in the large corporations. The critical areas might arise from the small business that
makes the major impacts on the growth of the economic conditions. In the country of U.K, a
small and micro business provides the areas that help to implement various opportunities to
increase the economy. The new-start up business carried out by the micro and small business
delivers better areas with introducing wider areas in the growth and innovation among the
community. The indulged entrepreneur tries to focus on a particular entrepreneurial venture to
garb the maximum market through the business carried out by the micro and small business. It
delivers the tendency to introduce a completely new product or services that can be received by
the customers at the time of carrying out of business. In order to carry out the small and micro
business, the better planning is required to achieve the maximum amount of success. The
employment in the community has increased due to carrying out of business through micro
sectors. This has provided the increase of economic conditions in the market of U.K (Bocken,
2015).
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Figure 1: U.K business
(Source: Gielnik et al. 2014)
P 4 Discuss the process used in small business and business start-ups in the growth of
economy
Brexit Company delivers a better area in the country of U.K that makes the prospective form of
withdrawals. There has been developed a strong agreement with the economists to mitigate the
real per-capita income arise from the long and short-term aspects. The Brexit firm will be tried to
reduce the immigration process from the European Economic Areas that might pose with facing
of various challenges required in the academic form of research and higher form of education.
The economic conditions can be easily gained through the Brexit organization that might lie to
35% of profit (Storey, 2016).
The process carried out by the small business helps in enhancement of the success factors in the
growth of the economy in the country of U.K. The small business provides unique features in the
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development of skills and ideas which helps to earn a maximum amount of profit at the time of
carrying out of the entire business. The entrepreneurial delivers the skills, attitude and initiates
form among the staff members to enhance a better relationship with the consumer at the time of
delivering an appropriate service or products. The techniques and ideas provide unique features
in the carrying out the new business. The better way of planning helps to engage less number of
workforces that makes the company gain profit (Delgado et al. 2014).
M2 Differences with the small, large and medium business applying appropriate statistics
and data
Large business has been operated in such a manner that lies with the public investors that have
operated by management. There lies with the maximum number of employee that can adapt the
appropriate economic conditions in U.K. The better form of planning are introduced through the
process made by the formal way (Guerrero et al. 2015).
The medium business exists with the owners and professionals to carry out the entire business.
The CEO or existing entrepreneur implements the decision-making processes. The minimum
amount of economic conditions arises in the medium business.
The small business is carried out by the owner. It adapts the maximum number of economic
conditions through the better knowledge and ideas. The short-term goal can be met through the
better way of planning. The entire operation in small business lies with efficient form of strategy
that enhances the success of the firm with the limited avail of resources (Greenstone et al. 2014).
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Figure 2: Small, medium and large business in U.K
(Source: Guerrero et al. 2015)
D2 Discuss the impact happens on the small economy in context of local, national,
international and regional levels
The small business implements a positive response on the different form of economic conditions
that might lie with the international, local, national and regional areas. The maximum advantage
can be obtained from the enhancement of small business in the market of U.K from the local
economic conditions. The local levels help to understand the requirements of the consumers
upon the services or products delivered from the small economy. The organization needs to focus
on the particular level to deliver a better products or services that can easily satisfy the demand
of the customers. The international level of the economy provides the areas that implement the
maximum amount of strength with the implementing of a proper way of services upon the
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existing customer and grab the attention of new customers. The international level of economy
delivers improved products that can make the high influence in the growth of an economy. The
national level areas provide the wider areas in the growth of services with the developed
economic conditions. The regional level helps to implement the staff members with the skills and
knowledge that makes the growth of economic condition of the company. The small business
needs to focus on the employee skills through the ideas of an entrepreneur to gain the maximum
amount of profit (Purce, 2014).
Task 3
LO 3. Key impacts arise in the entrepreneurial mind-set
P 5. Discuss the characteristics used in the successful entrepreneurs regarding the skills,
traits and characteristics
The successful entrepreneurs needs to focus on the characteristics which enhances the set skills
and traits. The success factor of business depends upon the successful working of the indulged
entrepreneurs. Steve Job and Bill Gates enhances the set skills and planning to meet the goals of
the organization are the examples of the successful entrepreneurs. In order to gain the successful
entrepreneurs the mindset needs to be developed to achieve the new learning skills. The better
form of knowledge can be achieved from the successful planning indulged by the entrepreneur to
get the high performance. The business manager needs to focus on the successful working of
entrepreneurs to develop a wider vision to get the better productivity in the organization. The
curiosity provides the fundamental areas in the trait that makes the development of the successful
entrepreneurs. The business leader tries to enhance the activities through the wider form of
activities. The passion provides the unique areas to determine the successful working of
entrepreneurs. The success factors of business depends upon the maximum time spend by the
entrepreneurs at the time of carrying out the business. The owners and business manager needs to
identify the demands that arise on the respective time. The successful entrepreneurs develop the
opportunity that makes the business take. The entrepreneurs tries to pursue opportunity that helps
in the successive factors and helps to focus on the greatest form of potential on the concentrate
and selective areas. The successful entrepreneur tries to manage the business in such a manner
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that provides the better experiences. The development of good team is the prime responsibility
for the successful entrepreneurs to achieve the high performance (Morris, 2015).
P6. Explain the process that makes the entrepreneurial personality that reflects with the
motivation and mind-set
The entrepreneurial personalities are the traits which exist with the characteristics of human,
values, attitudes, motives and abilities that implements better actions and experiences. The
personality traits are caused by the behavioral and mental process of the individuals. The
entrepreneurial personality provides the successful entrepreneurs characteristics, skills and traits.
The most important traits in the entrepreneurship lie with the ability that can recognize the
opportunity, which arises in the business. The entrepreneurial motivation provides the exact
process which helps to transform the ordinary person with the highly influenced business person.
The person can able to develop better opportunity to increase the economic development and
required resources. The motivation provides the entrepreneur by fulfilling the high level that lies
with the self-actualization, esteem and recognization. In order to explain the entrepreneurs
motivation, there lies with the use of various theory such as Hertzberg’s two-factor theory and
Maslow’s need hierarchy theory. This motivation exists with the internal and external factors to
develop a strong a powerful area. The mindset of entrepreneurs lies to meet the demand of the
consumers, finding an appropriate market and developing of a wider network to develop the
business (Kuratko, 2016).
M3 Arguments on the entrepreneurial characteristics
As opined by Newbery and Moizer, (2016), the entrepreneurial characteristics try to reflect on
the particular traits and skills that help to develop the entire business. The self-motivated is the
important entrepreneurial characteristics that provide the motivation among the staff members.
The entrepreneur tries to take appropriate actions required to provide facilities for the carried out
things. As refereed by Israel and Johnmark, (2014), the leadership skills is another
entrepreneurial characteristics that make high influence upon the qualities in leadership. The
entrepreneur needs to enhance an excellent form of communication skills as there lies with
various employees having the different form of personality. The main ability is to provide the
maximum motivation on the staff members to meet the set goals that need the respect and trust.
As stated by Hatak and Snellman, (2017), entrepreneurial characteristics that able to operate on
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