LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial
Introduction Entrepreneurship is a process of starting a new venture by implementing innovative and unique ideas. The present topic is based on the entrepreneurship their prospects and opportunities in today business market. Different entrepreneurial ventures and their scope, growth, and development is also going to discuss here in this report. It will also include their contribution to the national economy, towards the local communities and their prospects in the global market. LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial Entrepreneurship, entrepreneurial activity, and enterprise The process of starting and running a new start-up business is called entrepreneurship, and the individual who aspires to establish his/her own business by taking financial risks is an entrepreneur. Differences between serial entrepreneurs, entrepreneurs and owner-managers. Serial entrepreneurs are that individual who comes up with new ideas and tries to start a fresh business continually but gives the responsibility to others to operate the business and again gears up to start a new venture (Walter and Block, 2016). Where as a typical entrepreneur comes up with a…