The similarities and differences of each type of venture are tabularized below

The similarities and differences of each type of

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The similarities and differences of each type of venture are tabularized below for easy understand and comparison. Similaritie s Small business Social Good business Large Business Scalable Start-up Gazelles Small business is similar to all other types as it looks forward to making profits. It looks for sustainable growth just like social entrepreneur s. As it uses innovative ideas for doing greater good to the society, which is being followed by every other business these days it is similar to the rest only on this aspect. Large scale industries are not similar to either Social Good business or to the small- scale firms. However, the independentl y owned firms employ a large number of employees, similar to the scalable and gazelles and generate huge revenue like them. Use on innovative ideas and huge profit- making techniques are similar to gazelles. Further, financial support is gained through venture capitalists similar to gazelles. Gazelles are similar to scalable start-ups in the aspect of raising financial support (Consultrix , 2020). EXAMPLE Brightstar Financial demonstrates how the small-scale entity can gradually make profits and expand. Currently, it As per Wainwright, (2012), CASA proved to be a successful entrepreneuri al journey for the founders, who opened the Hassle.co m used unique ideas to solve the problem of accessing domestic help in the country.
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21 opened its three more branches in the country. organization to provide assistance and help to the disabled and elderly people in the society. Table 1: Similarities and differences among the different entrepreneurial ventures Differences Small business Social Good business Large Business Scalable Start-up Gazelles However, Arend (2013) argued that the focus of small entity is localised not expanded like large scale or scalable start-ups, neither has it made a huge profit within 3 to 4 years like Gazelles. Further, it is different from social good business as it does not intend to improve social conditions for Nonetheless, as the objective of Social Good business is to improve the current situation of the society rather than making profits, it is different from the other types of entrepreneuria l ventures (Hang, Garnsey and Ruan, 2015). These are generally offering services to the public for which taxes and subsidiaries could be collected like electricity supply, unlike the rest. As per Nightingale and Coad (2014), the major difference in large-scale entities lies in their funds raising scheme, as it relies on taxes, subsidiaries to fund the operations. It is different from small- scale companies as the target market is huge and dynamic (Bolton and Lane, 2012). The market reach of the gazelles is huge as compared to the small and socially good business and further, the rate of growth is tremendous as compared to the rest of the firms.
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21 humanity.
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