Name: Arbab Khan

Class: BS Accounting & Finance

The types of entrepreneurial ventures and typology of entrepreneurship

There can be found so many kinds of an entrepreneurial venture, as like small business
entrepreneurship, large company entrepreneurship, survival entrepreneurship, scalable start-up
entrepreneurship, researcher entrepreneurship etcetera. But there 3 types of typologies that can be
found. And the discussion about the relation between the types of entrepreneurial ventures and
typology of entrepreneurship is given down.

High Impact entrepreneurial ventures

High growth entrepreneurial ventures can be described in this way, a small business plan originated by a
specific team or person with the aim of a large profit. Here basically designed a small business but an
expectation of gaining an extensive percentage of profits working behind it. For example, A real estate
agency in the United Kingdom called “Sell Overseas Property Fast”-represented a high-growth
entrepreneurial venture. When a client wants high investors across the world they linked up to them
together, When both of the parties negotiated, the firm makes a business deal between them, and gets
a huge amount of profits. These high growth entrepreneurial ventures are intimately related to the
antagonistic growth improvement typology

Small profit entrepreneurial venture

A small profit venture is a kind of venture, in which a firm or organization is founded with the aim of a
limited profit with limited risk. A person produced a limited amount of product or service in exchange
for money in the market through the organization. Almost 90 percent of world entrepreneurs are small
profit entrepreneurs. Small profit businesses are focused on their team management. For example, food
service or restaurant in the USA named Rock & Brews-American Dishes & Old Classic can be considered
as a small profit business. They are giving the food services to their customers and taking an amount.
This kind of organization or firm are determining the survival typology of entrepreneurship.

lifestyle entrepreneurial venture

A lifestyle venture is that which is primarily set up by its founders with the thought of enduring a specific
level of income with benefits thus founder/s can maintain a specific lifestyle. Lifestyle venture has a
limitation of scalability, also it has a limitation of potentiality for its growth. Lifestyle venture often the
small-sized and small-sized business has limited risk or loss. This kind of organization is based on the
owner's personal skills, intelligence, and protocols. For example, Olivia who is an American Citizen has
taken an initiative to create an online course, using her Make up skills, claiming that it will improve her
lifestyle. This kind of venture is related to the survival typology of entrepreneur ventures.