Entrepreneurship and
Small Business Management
, Contents
Introduction.....................................................................................................................................1
LO2 Assess the impact of small businesses on the economy..........................................................2
a) Percentage of micro and small business that have open operations during the year of
2015/2016 and, their contribution to the GDP(P3 and D2).........................................................2
b) Importance of small businesses and business start-ups to the growth of social
economy(P4)................................................................................................................................3
c) An evaluation of the difference small, medium and large businesses make to the UK
economy (M2)..............................................................................................................................4
Task 3...............................................................................................................................................6
1. Determine and analyse the characteristic traits and skills of a successful entrepreneur that
differentiates them from other business managers (P5 and D3)................................................6
2. Assess and analyze how aspects of the entrepreneurial personality reflect entrepreneurial
motivation and mindset? Was this the case for Hilary with Mankind? How? (P6 and D3).........7
3. Explore and examine different arguments relating to entrepreneurial characteristics. Can
anyone learn to be an entrepreneur? (M3).................................................................................8
4. How background and experience can hinder or foster entrepreneurship. (P7).....................9
5. Analyse the link between entrepreneurial characteristics and the influence of personal
background and experience to specific successful entrepreneurs. Critically evaluate how the
background and experience influence entrepreneurs, both positively and negatively. (M4 and
D4)..............................................................................................................................................10
Conclusion......................................................................................................................................11
References.....................................................................................................................................12
Small Business Management
, Contents
Introduction.....................................................................................................................................1
LO2 Assess the impact of small businesses on the economy..........................................................2
a) Percentage of micro and small business that have open operations during the year of
2015/2016 and, their contribution to the GDP(P3 and D2).........................................................2
b) Importance of small businesses and business start-ups to the growth of social
economy(P4)................................................................................................................................3
c) An evaluation of the difference small, medium and large businesses make to the UK
economy (M2)..............................................................................................................................4
Task 3...............................................................................................................................................6
1. Determine and analyse the characteristic traits and skills of a successful entrepreneur that
differentiates them from other business managers (P5 and D3)................................................6
2. Assess and analyze how aspects of the entrepreneurial personality reflect entrepreneurial
motivation and mindset? Was this the case for Hilary with Mankind? How? (P6 and D3).........7
3. Explore and examine different arguments relating to entrepreneurial characteristics. Can
anyone learn to be an entrepreneur? (M3).................................................................................8
4. How background and experience can hinder or foster entrepreneurship. (P7).....................9
5. Analyse the link between entrepreneurial characteristics and the influence of personal
background and experience to specific successful entrepreneurs. Critically evaluate how the
background and experience influence entrepreneurs, both positively and negatively. (M4 and
D4)..............................................................................................................................................10
Conclusion......................................................................................................................................11
References.....................................................................................................................................12
