Unit 3 Entrepreneurship And Small Business Management Level 4 City College

TASK 1

P1: Different type of entrepreneurial project and their relation with typology

A person which has capability of managing and controlling different operations and invest adequate amount of capital which helps to perform different functions of organisation is termed as the entrepreneur. The individuals starts their venture with the limited resources and they put their effort in order to accomplish aims and objectives of organisation in proper manner. These forms of entrepreneurial projects are given below:

Small business entrepreneurship:   there are many small scale organisation which put their effort in order to maximise their level of profit and attract large number of customer. It is always chance of risk and attain lot of competition  to become an owner of the certain business firm. So it is essential for the entrepreneur to implement new and innovative ideas to stand before the rivals present in the marketplace. Example of small organisation entrepreneurship are pipe fitter, machine fitter and other grocery business.

Scalable start-up business:   there are various entrepreneur who starts their venture with the new thoughts and unique concept which aids to change the condition and situation of  market. In order to start the new venture an entrepreneur faces lots  of difficulties to invest its capital to start its new venture in the marketplace.

Schumpeterian entrepreneur project: It is related with the those organisation which start their business for the sort period of time. Their main objectives is to maximise the level of profit of company in short period of time. Entrepreneur ascertain very limited amount to invest in order to start the venture in marketplace. They put their effort to accomplish various demand and desire of organisation in proper manner (Castrogiovanni,  Urbano and Loras,  2011).  

Established venture:  these organisation are of big size in which large number of worker are working in such organisation which aids to expand growth and attain success for longer time period. These organisation put their effort to launch new and innovative products in the marketplace which helps to attract large number of customer in short stipulated time period.

Social good organisation:  These organisation are launch in marketplace which helps to develop the living standard of people living in the society. This can be ascertain by improving the quality and quantity of different types of products to people. For example different organisation which aids to accomplish CSR functions in order to fulfil demand and desire of different customer and also the people living in the society.

Relation of projects with Entrepreneur Typology: There are different types of typologies which are interrelated with the various projects like considering example of scalable entrepreneurship is related with the various types of lifestyle of different projects and social entrepreneurship which needs to related with the expansion of different types of topologies (Dana,  2013).

Kinds of Typology:

ifestyle projects:  These types of business which are control and manage by the single person without any interruption of other personnel.

Survival projects:  Such types of business are started by the entrepreneur which has motive to earn sufficient amount to live his life with family in proper condition. Considering example  cybercafe, small stationary shops and many others.

Managed growth projects:  Such types of business launch by those business persons who have capabilities to maximise the level of profit for  company. So there are different types of investor show their keen interest which aids to give large number of profit.

Introduction

There are different types of ventures which are started by the single individuals and invested lots of capitals in order to accomplish various activities of organisation in proper manner (Baum,  Frese and Baron, 2014). That particular individual is called as entrepreneur and the way he controls different types of operations of new organisation is termed as entrepreneurship. This individuals have capability to bear risk in  the business and put their best effort  to start the new venture in proper manner. This helps to maximise the level of profit of organisation and also aid to create lots of employment to the people living in the society. Entrepreneur always in search to implement new and innovative idea in order to maintain the effectiveness in performing different types of activities of small business organisation. Small scale business is started in order to fulfil the demand and desire of the different families friends and also people living in the society.  Because this can be started  with the small capital investment and less number of employee (Acs  and et. al., 2011).

TASK 1

P1: Different type of entrepreneurial project and their relation with typology

A person which has capability of managing and controlling different operations and invest adequate amount of capital which helps to perform different functions of organisation is termed as the entrepreneur. The individuals starts their venture with the limited resources and they put their effort in order to accomplish aims and objectives of organisation in proper manner. These forms of entrepreneurial projects are given below:

Small business entrepreneurship:  there are many small scale organisation which put their effort in order to maximise their level of profit and attract large number of customer. It is always chance of risk and attain lot of competition  to become an owner of the certain business firm. So it is essential for the entrepreneur to implement new and innovative ideas to stand before the rivals present in the marketplace. Example of small organisation entrepreneurship are pipe fitter, machine fitter and other grocery business.

Scalable start-up business:  there are various entrepreneur who starts their venture with the new thoughts and unique concept which aids to change the condition and situation of  market. In order to start the new venture an entrepreneur faces lots  of difficulties to invest its capital to start its new venture in the marketplace.

Schumpeterian entrepreneur project: It is related with the those organisation which start their business for the sort period of time. Their main objectives is to maximise the level of profit of company in short period of time. Entrepreneur ascertain very limited amount to invest in order to start the venture in marketplace. They put their effort to accomplish various demand and desire of organisation in proper manner (Castrogiovanni,  Urbano and Loras,  2011). 

Established venture: these organisation are of big size in which large number of worker are working in such organisation which aids to expand growth and attain success for longer time period. These organisation put their effort to launch new and innovative products in the marketplace which helps to attract large number of customer in short stipulated time period.

Social good organisation: These organisation are launch in marketplace which helps to develop the living standard of people living in the society. This can be ascertain by improving the quality and quantity of different types of products to people. For example different organisation which aids to accomplish CSR functions in order to fulfil demand and desire of different customer and also the people living in the society.

Relation of projects with Entrepreneur Typology: 

There are different types of typologies which are interrelated with the various projects like considering example of scalable entrepreneurship is related with the various types of lifestyle of different projects and social entrepreneurship which needs to related with the expansion of different types of topologies (Dana,  2013).

Kinds of Typology:

ifestyle projects: These types of business which are control and manage by the single person without any interruption of other personnel.

Survival projects: Such types of business are started by the entrepreneur which has motive to earn sufficient amount to live his life with family in proper condition. Considering example  cybercafe, small stationary shops and many others.

Managed growth projects: Such types of business launch by those business persons who have capabilities to maximise the level of profit for  company. So there are different types of investor show their keen interest which aids to give large number of profit.