495 Entrepreneurship and Small Business ASSIGNMENT 1

This article would examine many facets of entrepreneurship, including its concept, forms of enterprises, features, benefits, and drawbacks. Furthermore, this article would examine how backgrounds and social contexts can influence current and potential entrepreneurs. Finally, the significance and effect of small enterprises on the new social system can be illustrated.

ASSIGNMENT FRONT SHEET Qualification BTEC Level HND Diploma in Business Unit number and title Unit 9: Entrepreneurship and Small Business Management Submission date Date received (1st submission) Re-submission date Date received (2nd submission) Student name Student ID Class Assessor name Student declaration I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism I understand that making a false declaration is a form of malpractice Student’s signature: Grading grid P1 P2 P3 P4 M1 M2 D1 D2 Summative Feedbacks: Resubmission Feedbacks: Grade: Assessor Signature: Internal Verifier’s Comments: Signature & Date: Date: Contents I Introduction II Explore and illustrate the entrepreneurial range of venture types that might be considered 2.1 Bussiness Model Canvas 2.2 Defining entrepreneurship, entrepreneurial activity and enterprise : 12 2.2.1 The differences between serial entrepreneurs, intrapreneurs and owner-managers 12 2.2.2 The typology of entrepreneurship 13 2.2.3 Entrepreneurship in a corporate or public sector context: 14 2.3 III Explore the similarities and differences between entrepreneurial ventures 14 2.3.1 Different types of organizations : 14 2.3.2 Roles: 16 2.3.3 Characteristics: 17 2.3.4 Levels of business activity: 17 2.3.5 Understanding social enterprise , social entrepreneurs and the growth of the social economy 18 Assess the impact of small businesses on the economy 19 3.1 Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy 19 3.1.1 Definitions of creativity and innovation 19 3.1.2 The main sources of generating business and entrepreneurial ideas 19 3.1.3 How businesses protect intellectual property rights 20 3.1.4 The number and type of small firms and their contribution to the economy at national, regional, and local level 22 3.2 The impacts of small businesses to the growth of the social economy 23 3.2.1 Explain and evaluate impact of your own business on local or global economy 28 IV Conclusion 28 V References 28 I Introduction This article would examine many facets of entrepreneurship, including its concept, forms of enterprises, features, benefits, and drawbacks Furthermore, this article would examine how backgrounds and social contexts can influence current and potential entrepreneurs Finally, the significance and effect of small enterprises on the new social system can be illustrated II Explore and illustrate the range of venture types that might be considered entrepreneurial => After the survey, it can be seen that taking care of one's own health is increasingly important, so the project to open up a fitness center for everyone is essential and can be successful in the future iKPIs Aim to develop a gym project in the future to achieve the following KPIs: Reducing mortality from cardiovascular disease, cancer, diabetes, or chronic respiratory disease Gyms are a place for people of all ages to exercise health and cultivate healthy living habits to strengthen themselves against illnesses The second KPI setting is to reduce the consumption of alcohol per capita, and exercise to improve personal health, so alcohol is strictly forbidden during exercise This also helps you to stay away from harmful drinks and help you achieve a high level of health Business Model Canvas Gym Sport Bussiness Plan : KEY PARTNERS • Equipment vendors • Healthy lifestyle influencers • Healthy lifestyle promoters • Franchisees KEY ACTIVITIES • Marketing Sales • Instruction • Maintenance • Networking • Pricing • Timetable updates Opportunity On average, in the inner city of Gym activities have been developed longer than Vietnam big cities, only about to focus According to statistics of recent on modern gyms Therefore, this years, in Europe, there is an is a way for investors and average of gym every 1km So the competition of the gyms here businesses to jump in is very tough In order to reach new heights of its modernity, the fitness training focus is expanding in both scale and quality Big businesses tend to link with businesses with other activities such as shopping, pricing to integrate in the same campus These systems are attracting other people to visit and this is a problem to keep customers coming to focus on their practice Threat However, in the Vietnamese The gym market in the world tends to decrease due to the market, the big players are epidemic caused by the Covid19 having a fierce competition on virus The ban on mass concentration has been issued in this fertile, fertile and safe land many countries and territories Because in the Vietnamese People restricted to the street market, the epidemic has been and the practice rooms were well controlled by the state The closed fight against pandemic has achieved many positive signs People gradually have a sense of improving their health and creating many movements to participate in exercise activities 3.2.1 Explain and evaluate impact of your own business on local or global economy Gym business needs to understand, although it can save costs, the gym is fully equipped with machines for training, important machines such as chest, shoulder, back, thigh are imported from America Investing in accordance with the needs of customer training both brings high business efficiency without wasting capital for unnecessary machines Business activities will help create surplus value for businesses as well as society, address employment needs for local people and create active income sources to help improve their lives Moreover, business activities that make a profit from collecting money when customers participate will pay taxes fully according to state regulations, contributing to boosting the country's economy IV Conclusion To conclude, start-ups and small businesses, in general, are beneficial to the economy and society of any country around the world Entrepreneurship is a quality that is needed and should be embraced by every individual to achieve great success throughout their career V References Oberlo.com 2021 What Is Entrepreneurship? Detailed Definition and Meaning [online] Available at: [Accessed May 2021] Market Business News 2021 What is enterprise? Definition and meaning - Market Business News [online] Available at: [Accessed May 2021] iEduNote.com 2021 Differences among Entrepreneurship, Intrapreneurship, Manager [online] Available at: [Accessed May 2021] The Balance Small Business 2021 What Is a Lifestyle Entrepreneur? [online] Available at: [Accessed May 2021] Centre For Public Impact (CPI) 2021 Enter the public entrepreneur: implementing innovation in the public sector [online] Available at: [Accessed May 2021] Business, A., Environment, B., Notes, R and Levels of business activity | Primary, S., 2021 Levels of business activity | Primary, Secondary and Tertiary [online] Dineshbakshi.com Available at: [Accessed May 2021] The News Minute 2021 Understanding ‘Social Entrepreneurship’ and its role in building a strong economy [online] Available at: [Accessed May 2021] Blog chia sẻ kinh nghiệm kinh doanh online hiệu 2021 Kinh doanh phòng tập gym có trở thành tỷ phú? [online] Available at: [Accessed May 2021] BBC Bitesize 2021 Competitive factors - External factors - National Business management Revision - BBC Bitesize [online] Available at: [Accessed May 2021] Medium 2021 How Bill Gates Used Information to Become the Richest Man in the world [online] Available at: [Accessed May 2021] Centre For Public Impact (CPI) 2021 Enter the public entrepreneur: implementing innovation in the public sector [online] Available at: [Accessed May 2021] Investopedia 2021 What is an NGO (Non-Governmental Organization)? [online] Available at: [Accessed May 2021] The Balance Small Business 2021 10 Character Traits of Successful Small Business Owners [online] Available at: [Accessed May 2021] Fi.co progress đặt mục tiêu doanh nghiệp phân tích So sánh economy ngành nghề loại hình doanh nghiệp chọn với nước khác Phân tích social impact stament tác động lên xã hội ... small businesses on the economy 19 3 .1 Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy 19 3 .1. 1... in July 2 017 , businesses had the best boom price in each the variety of gadgets and employees, with almost 517 .nine thousand present businesses, up 17 6.three thousand businesses, up 51, 6% compared... the same period in 2 017 ; there are 18 9,879 small- scale businesses, accounting for 31. 1%, up 13 %; 21, 306 medium-sized enterprises, accounting for 3.5%; 6 .1% increase; there are 17 ,008 large-scale