Small Business Entrepreneurship

The meaning of small business: small business means small in operation, employment,
products, capital, technology etc. thus small scale organizations have different set of
advantages n disadvantages compared to medium and large scale organizations.
CLASSIFICATION
Small scale industries are broadly classified into two sectors.
1. Traditional industries
2. modern industries

Entrepreneur And Entrepreneurship

Entrepreneur is defined as a dynamic process of creating incremental wealth by
individuals who assume the risk of equity, time, and career to infuse resources with value
for society.
According to Joel Dean, the entrepreneur sees the value of new idea and is able organize
and carry out the job of turning it into cash.

Entrepreneurship: the function performed by entrepreneur is known as entrepreneur.

It is related to coordination, innovation and performance of entrepreneur. It is the system
of creating new business.
Generally entrepreneur tries to bring revolution in production by using new technology
for producing new products or by producing old products from new method.