Entreprneurship - ENTREPRENEURSHIP DEVELOPMENT Table of Contents Introduction.2 Task 1(LO 1.2 P1 Examine different types of entrepreneurial ventures and

Entreprneurship - ENTREPRENEURSHIP DEVELOPMENT Table of...

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ENTREPRENEURSHIP DEVELOPMENT
Table of Contents Introduction: .................................................................................................................................... 2 Task 1 (LO 1) ................................................................................................................................... 2 P1. Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship ....................................................................................................... 2 P2. Explore the similarities and differences between entrepreneurial ventures .......................... 4 Task 2 (LO 2) ................................................................................................................................... 5 P3. Assess and interpret relevant data and statistics in your mini-research, to illustrate how micro and small businesses impact on the economy .................................................................... 5 P4. Explain how important small businesses and business start –ups will contribute to the growth of the social economy after ‘Brexit’ ................................................................................ 6 Task 3 (LO 3) ................................................................................................................................... 7 P5. Carry out a mini-research to determine the characteristics, traits and skills of two successful entrepreneurs, which differentiate them from other business managers .................... 7 P6. Assess how aspects of the entrepreneurial personality as discussed in P5, reflect entrepreneurial motivation and mind-set ..................................................................................... 8 Task 4 (LO 4) ................................................................................................................................... 9 P7. With practical examples obtained through your mini-research, examine how background and experience can hinder or foster entrepreneurship ................................................................. 9 Conclusion: .................................................................................................................................... 11 References: .................................................................................................................................... 12 1
Introduction: In the modern days, the task and importance of entrepreneurship cannot be underestimated due to its growing importance on the economy of a country. There are many types of entrepreneurship found all over the world. But most of them are like small, medium and large organization. Small entrepreneurships are found easily and easy to form by any people. Moreover, this assignment definition of entrepreneurship and small business management, has written based on information about the opportunities and barriers to entrepreneurship and business start-up. Also, Culture and economy, entrepreneurs characteristics, situational factors, the role of private initiative and entrepreneurial risk and reward balance the effects of the importance of small business are discussed under the influence. Task 1 (LO 1) P1. Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship. Entrepreneurship can be defined as designing, monitoring and continuing a business which is generally a small business. In the small entrepreneurship business, owners generally take all the risks and also enjoy all the profits. The construction of entrepreneurial activity of business enterprise ownership, profits and initiatives for the realization of the risk; to create a new business, which is known as the leading indicator (Achleitner, Lutz and Schraml, 2010). Also, entrepreneurship is often called as small business. There are different types of entrepreneurship found all over the world. Serial entrepreneurs, intrapreneur and owner business are the three most seen entrepreneurship business all over the world. In the serial entrepreneurs, a number of business ventures commercial, operating and sales activities performed by them. They generally take all the responsibilities to run the business.

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