Develop Successful Entrepreneurs Venture

P1. Types of entrepreneurial ventures

Small Entrepreneurship- There are some small, tiny business which start their business by small amount. The investment of small scale enterprise is also small. The operational activity of the small entrepreneurship is also at small scale. For example- A small medical store, a general store, small travel agencies, their function of operation is at lower scale. Small enterprise has crucial role in providing employment to many people and the most important factor of small enterprises is they provide employment to women's in large. Small scale enterprises provide both indoor and outdoor employment to people (Simba and Ojong, 2017).

Social Entrepreneurship- The social business are those business which do not have intention of earning profit. The aim of the social enterprise is to welfare of the society. The profit earned by these enterprise are use for the society. There are many social enterprises working for the society betterment. OSEP is a social enterprise in UK working for the society and have greatest impact on the economy.

Scalable Entrepreneurship- Those enterprise which has aim to earn of earning profit by establishing a structured organization or business which is develop by individual or grop of person. In these scalable entrepreneurship entrepreneur has to develop the new and innovative ideas to make profit out of little investments. In scalable entrepreneurship there is no huge amount invested by entrepreneur.

Large Entrepreneurship- The large enterprise are those business which have huge amount of fund invested and has large operational activity of the firm. To start those entrepreneurship large amount of fund is required. Immense amount of capital is invested in these business . infrastructure of those enterprise is wast and elegant. In the operation of large enterprise there is regular supply of fund. Large enterprise also provide employment to hue number of people.

Private Entrepreneurship- Private entrepreneurship are those enterprise which is governed by the individual or a group of person. The aim of private venture is earn more and more profit by maximising the sale and elaborate its business. The risk and profit both is born by the individual or group of person. The private enterprise also provide employment in large (Howell, 2018).

Public Entrepreneurship- Public enterprise are those which is governed by the government of the country. The whole operational function is governed by the legal authority of the country. The risk and profit both is bearer by government. The main aim of the public enterprise is to provide employment in the country. The profit earned by the public enterprise is use for the economy. The unemployment is largely controlled by the public enterprises.

Trading Entrepreneurship- trading enterprise are those enterprise which are only based on supply of products and services. These enterprise aims on only supplying the trade goods and services from producer to the consumers. They do not do any manufacturing activity. Mostly these trading enterprises are belongs to the transportation industry as transportation industry do supply of goods and services to one place to another.

All these ventures may be public, private, social, small, large , scalable enterprises based on there intention, aims, earning, size and operation. All these business have great impact on the economy of United Kingdom. As all these enterprises have different objectives and targets (Dai, Ivanov, and Cole, 2017).

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P2. Similarities and differences between all the ventures

All these ventures are in different types and different kinds of entrepreneurship which have different vision and mission with distinctive operational strategies and plans. But these features of ventures are similar in some kind. The similarities is between their aim and size and operational activities, investment still there are many similarities in between them as the strategies of achieving the target, their marketing strategies, their accounting techniques etc.