entrepreneur and small business management pdf

The business or organisation started by these entrepreneurs are known as e ntrepreneurial ventures. These have the plans and strategies to take effective decisions for accomplishing the desired growth and success (Barringer, 2015). These business are formed for the purpose of earning profit. TASK 1 P1: Examine different types of entrepreneurial ventures and their relation with typology of entrepreneurship An entrepreneur is the individual who runs or owns a business by using their new and innovative ideas and has the capability to implement them. In the end, Examination of the different environments that foster or hinder entrepreneurship will be done in this report. Further, characteristic traits and skills of successful entrepreneurs and assessment of the key aspects of an entrepreneurial mind-set will be discussed in this report. This report will also cover the impact of micro and small businesses on the economy along with the importance of start-ups in the growth of social economy.

This report will discuss the various types of entrepreneurial ventures and their relation to the typology of entrepreneurship along with the similarities and differences between entrepreneurial ventures.

Entrepreneurship is a key aspect for brining new businesses in an economy. These entrepreneurs plays an essential role in the growth and development of a business and an economy. INTRODUCTION Entrepreneurs are the people who uses their skills and creativity for launching their own businesses in order to make some money. 5 P4 The importance of small businesses and business start-ups to the growth of the social economy. 4 P3 The impact of micro and small business on the economy. 3 P2: Explore the similarities and differences between entrepreneurial ventures. 3 P1: Examine different types of entrepreneurial ventures and their relation with typology of entrepreneurship.

Entrepreneur and small business management pdf