Task 1 covers: LO1: Explore and illustrate the range of venture types that might be considered entrepreneurial and LO2: Assess the impact of small businesses on the economy.
Scenario: You work in an small and medium enterprise specialised magazine and you have been asked to write an article examining the following:
Examine different types of entrepreneurial ventures and explain how they relate to the typology Of entrepreneurship and explain what type of entrepreneurial venture Richard Branson’s Virgin group adopts. P1
Explore the similarities and differences between entrepreneurial ventures. P2
Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy. P3
Explain the importance of small businesses and business start-ups to the growth of the social economy. Describe the economy of the UK and the importance of to society. P4