You are currently working for a consultancy firm and that provides advice and the market intelligence in the small business and entrepreneurs. You have been approached by a client who want to establish and run a small business enterprise in London.
You are required to write a report on analyzing the range of venture types that are of entrepreneurship. You need to analyse the impact of given business in the local and national economy. Also identify the environmental factors and analyse how such factors foster the entrepreneurship. This report will be submitted to the manager of your chosen small business enterprise.
What you must do
LO1 Analyse and illustrate the range of venture type that might be considered entrepreneurial.
You must include various types of ventures, also examine the various types of entrepreneurial ventures and explain how they relate to the topology of entrepreneurship.
Explore the similarities and difference between entrepreneurial ventures. You should investigate the range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both public and corporate sector. You must also critically examine the scope of growth and development in various entrepreneurial ventures.
LO2 Assess the impact of small business on the economy.
Describe and assess the related data and statistics to illustrate how small business can impact the growth of the social economy.
You must critically examine how small business have impact on various levels of the economy.
LO3 determine and assess the key aspects of an entrepreneurial mind-set.
Determine the characteristics, traits and skills of successful entrepreneurs that differentiate them from the other business manager. You must assess how the actors of entrepreneurial; aspects personality reflects entrepreneurial mind-set and motivation.
Explore and examine various lines of argument relating to the entrepreneurial characteristics. You further analyse the attributes, traits, skills and motivational drivers for the successful entrepreneur with the help of particular examples.
LO4 Examine the various environments that foster or hinder entrepreneurship.
Examine, how the background and experience can hinder and foster entrepreneurship. You also analyse the link among the entrepreneurial experience to the particular business. lastly, you should critically evaluate how background & experience influence entrepreneurs in positively and negatively.
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