T150810495 Explore and illustrate the range of venture types that might be considered entrepreneurial. L02 Assess the impact of small businesses on the economy.

Entrepreneurship and Small Business Management

Learning Outcomes:

LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial. L02 Assess the impact of small businesses on the economy.

ASSIGNMENT BRIEF

Scenario

You currently work as intern for a consultancy firm [named organisation/an organisation of your choice  your own place of work if appropriate], that provides advice and market intelligence to small businesses and entrepreneurs. As part of updating the new website you have been tasked with investigating different types of ventures and their impact upon the economy to put on a webpage. This is a mini research project that is based on a range of different examples, one of which should be a local business.

Task 1

You should choose one example of each type of entrepreneurship, at least one of which should be a local business. You must explore and compare different environments for each of your examples and evaluate their impact and importance on the economy at different levels. Make sure your work shows a critical examination to the scope, development and growth of entrepreneurial ventures.

You should include data and statistics to support your findings. Primary research could be conducted for your choice of local business. Primary research may include the use of interviews, existing videos or questionnaires completed by practicing entrepreneurs. While working on this research ensure to see that you evaluate the differences between small, medium and large business and the contribution they make to the different levels of the economy (local, regional, national) economy by applying relevant data and statistics.

Second Section

L03 Determine and assess the key aspects of an entrepreneurial mindset.

L04 Examine the different environments that foster or hinder entrepreneurship.