Analysis of Different Entrepreneurial Ventures and Typology

This report provides an overview of different types of entrepreneurial ventures, including public, private, and social enterprises, and their relationship to the typology of entrepreneurship. It explores the characteristics of each type, such as survival, lifestyle, and aggressive growth firms, and analyzes their similarities and differences. The report also discusses the impact of micro and small businesses on the economy and the traits of successful entrepreneurs. Additionally, it covers topics like funding, brand image creation, and the ability of ventures to sustain themselves against larger businesses. The report concludes by emphasizing the role of various entrepreneurial ventures in building a strong economy and providing employment opportunities, along with an evaluation of the typology of entrepreneurship and the similarities and differences between the ventures.

Entrepreneurship and Small
Business Management

TABLE OF CONTENT
 INTRODUCTION
 Different types of entrepreneurial ventures and the way they are related to Typology
1
 Similarities and difference between Entrepreneurial ventures
 CONCLUSION
 REFERENCES

INTRODUCTION
 Entrepreneurship is a process of developing new business by using various human and
physical resource to earn profit.
 This presentation covers about different types of entrepreneurial ventures and the way
they are related to typology of entrepreneurship.
 It also explains similarities and difference between entrepreneurial ventures. The
presentation discusses the impact caused by micro and small business on the economy
and importance of its in growth of social economy.
 This presentation also describes about characteristic traits and skills of successful
entrepreneurs that differentiate from other business manager.

Different types of entrepreneurial ventures and the way they are related to Typology
 Entrepreneurship is analysation of how to start new business which helps an entrepreneur to
develop business and earn profit by accepting risk associated with it. Entrepreneur uses
natural and human resource for earning profit and gaining competitive position in the
market. Entrepreneur is free leader and can operate its business as per his choice whereas
intrapreneur is an employee of company that helps in bringing innovative ideas in the
company.
 There are various types of Entrepreneurship such as small-business Entrepreneurship, High
Tech Firms High Growth Firms and social Entrepreneurship.
Different types of Entrepreneurial venture
 Public company: It is limited liability company whose share are owned by public and
these companies can traded their business in open market. Public company meets its capital
requirement by raising capital from public in exchange for share of the company. Public
limited word is always included in after name of public company and its shares can be
listed or unlisted on the stock exchanges. For example: Beeks Financial cloud is a public
company that provide low latency service to institutional capital market.

CONT.
 Private company: Such companies are owned by private individual or owned
by two or more partners and its share cannot be trade to public. Valuation of
share of private company is difficult and its share are also less liquid so
difficulty in raising funds. Greenergy is distributor of petrol and diesel that
operates its business in UK and contribute to quarter share of UK market.
 Social Enterprise: It includes such firms that are established to achieve social
goals and maximize its profit to provide benefits to environment, society and
its co-owners. Social Entrepreneurship is part of these firms as they are
established with motivate to provide benefits to society and environment. For
Example: Community support and information Finalist is a social enterprise
that is operating its business since 1992 to support economic development.

Typology of Entrepreneurship
 Survival Firms: Focus of such firms is to survive in the market by providing
product at minimum cost to its customers and earning less profit margin. In it
small-business and social entrepreneurship are included as their focus is to
survive rather than gaining competitive advantage in the market or increasing
its profit.
 Lifestyle Firms: Lucrative business provide its owner to pursue luxury
lifestyles without sacrificing its personal life and earning particular level of
income. This type of companies promotes a particular sport or hobby to
provide luxury lifestyles to its owner and to some employees. Thus, large
entrepreneurship and high grow firms are included in lifestyles firms as there
aim is to increase market share and profitability of the company.

CONT.
 Aggressive Growth Firms: The main objective of these firms is to increase
its growth and maximize its return on capital by introducing new product or
updation of technology. High tech firms, high grow firms and Large company
come under this category as their focus to maximize company profit by
launching new and differentiate product or services in the market.

Similarities between Entrepreneurial ventures
 Strong- willed Entrepreneur: High Growth firms and private company have strong
Entrepreneur as the owner want to build legacy by its business. They want to operate
their business across various national to expand its market share, profit margin of the
company. This entrepreneur wants luxury lifestyles and want to earn sustainable
income to live better life. There aims is to gain competitive position in the market by
differentiating product or services of the company or to use innovative technique in
delivery of products.
 Funding from some venture capitalist or investors: Private company, high grow
firms and small enterprises fulfil its financial requirement through venture capitalist or
investors. Private company meets its capital requirement through investors in exchange
for its equity share.

CONT.
 Creating a brand image: Private company, high grow firms and public
company focus is to build strong brand image by providing quality services to
its customers. High grow firm and private company by continuous updating its
technology is able to provide innovative product and services to its customer
and able to build strong brand image. Public company also update its
technology and product to meet customers need effectively and to survive and
grow in the market.
 Sustain against large business: Social firms and small business has to make
continuous effort for survival and sustain its business in the market. Small
business has to cut its profit margin and cost in order to survive from high
competition in the market.

Difference between Entrepreneurial ventures

CONT.

CONCLUSION
 It can be concluded through this presentation that there are large number of enterprises operating in
UK which build the strong backbone of economy by providing employment opportunities.
 There are high Tech firms, high growth firms in small-business entrepreneurship. This
presentation concludes how social entrepreneurship and start up entrepreneurship are the other
forms of emerging business companies in economy, GDP increase and enlargement of business
spread.
 It evaluates the typology of entrepreneurship which are survival firms, lifestyle firms, managed
growth firms and aggressive growth firms.
 It concludes by the analysis of similarities and differences between entrepreneurial ventures on
various platforms and how they have shaped the economy on large scale.