Unit 9 Entrepreneurship and Small Business Management

Aim of Unit 9 Entrepreneurship and Small Business Management

https://fizazzle.com/pn2xvyn1q8z Knowledge about entrepreneurship is essential in order to understand the barriers that might occur in a start-up business. National and economic culture influences entrepreneurship in various ways. This would help the students to acquire knowledge about the characteristics of entrepreneurs as well as the influence of situational factors including background and education. Moreover, small firms and social enterprises play an important role in the economic development of a society. Thus, the students would be able to understand the risk factors for starting a new venture. They would further be able to reflect and investigate on their own the characteristics of enterprises and entrepreneurs.


Learning outcomes

LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial

Cheap Xanax Bars Online Entrepreneurship is the act of taking up financial risks during the establishment of new ventures with a hope of earning a profit. An intra-preneur is a person that fosters innovation within the limits of the organization whereas an entrepreneur is a person who initiates a business with the aim of earning a profit. Moreover, owner-managers are the one who runs the business within the limited availability of resources. Different sized organizations possess different characteristics and roles as per the typology. Moreover, social enterprises are responsible for the growth of the social economy.


LO2 Assess the impact of small businesses on the economy

Entrepreneurs incorporate innovative ideas in order to come up with entrepreneurial ideas that would help in earning profit for the organization. The organizations need to protect these creative ideas by complying with intellectual property rights. Moreover, small firms play an essential role by contributing to the economy at the national, regional as well as local level by enhancing the employment opportunities for the young generation. There are certain international aspects that influence start-up businesses.


LO3 Determine and assess the key aspects of an entrepreneurial mindset

https://www.hndassignmenthelp.com/v8600ln79 Different entrepreneurs possess a different set of thinking that basically depends on their background. In addition to this, the entrepreneurs possess certain typical skills that make them different from that of managers of an organization. The entrepreneurial tendency depends on situational factors and entrepreneurial characteristics that include lifestyle, family upbringing, personal motivation and cultural differences.

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LO4 Examine the different environments that foster or hinder entrepreneurship

https://www.yinghuaacademy.org/2022/41nnnou7o2 There are several factors that influence the decision making the process for entrepreneurs regarding starting a new business. These factors include national culture, education, character traits and economic circumstances. Starting a new business could come up with several risks. Further, it is essential for an entrepreneur to acquire knowledge about the risks that they might face after the establishment of a new business. This would thereby help the entrepreneurs to plan for strategies in order to mitigate the probable risks.

Unit 9 Entrepreneurship and Small Business Management

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Learning outcomes and assessment criteria

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LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial 
https://www.decroly.com/aitglzaf P1 Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship. https://fizazzle.com/4525xam2yc7 P2 Explore the similarities and differences between entrepreneurial ventures. M1 Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector. D1 Critically examine the scope, development and growth of entrepreneurial ventures.
Buy Diazepam 10 Mg LO2 Assess the impact of small businesses on the economy 
https://www.clinandmedimages.com/107e02s7e P3 Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy. M2 Evaluate the differences small, medium and large businesses make to the economy, applying relevant data and statistics. https://360homeconnect.com/g441rpssfb4 D2 Critically examine how small businesses have an impact on different levels of the economy (local, regional, national) and in an international context.
https://www.naomella.com/2022/06/0tm1y174w4 P4 Explain the importance of small businesses and business start-ups to the growth of the social economy.  
Carisoprodol 350 Mg Overdose LO3 Determine and assess the key aspects of an entrepreneurial mindset 
https://ladyonarock.com/lln1g03z8u7 P5 Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers. Order Xanax Legally Online M3 Explore and examine different lines of argument relating to entrepreneurial characteristics. D3 Analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples.
https://360homeconnect.com/8asdpvlzk P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset.  


This unit links to the following related units:


Unit 1: Business and the Business Environment Unit 27: Identifying Entrepreneurial Opportunities Unit 28: Launching a New Venture

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https://eaglepoolservice.com/ccz2tmv42nm Unit 29: Managing and Running a Small Business