Entrepreneurship in small business management identifies the way to make innovation in business as well as manage and develop new ideas in business. Entrepreneurs have ability to identify business problems and solve them with effectively communicating the ideas. Small business management is comprised start business to make new idea's, new techniques and technologies. Small business management is defined align-mates and coordinates of multiple activity in organization. This report comprised all are the small business ventures and their types and impacted on small business management (Burns, 2016). In this report also determined all the scope and development ideas and similarities in small business and characteristics traits of successful entrepreneur. Small business management has an ability to adopt innovation in their business and implement ideas to grow business. An entrepreneurship have skills to increased business and achieve goals and also have ability to maintained all the idea of business.
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P1. Entrepreneurial ventures and the way they relate to the typology of entrepreneurship:
Entrepreneur venture is owners of organizations who are attempts to make profitable for business. An entrepreneur is about risk, failure and success and learn from it. Entrepreneur venture identified many context in which public, social, corporate etc. They also included start-ups of business and how to improved business ideas and techniques (Schaper and et.al. 2014).
Entrepreneur ventures has four types defines the area where successful entrepreneurship increased their small