Entrepreneurship Scenario You are keen to become an entrepreneur as you have a lot of ideas for new business ventures and want to work for yourself. You have a joined a local Enterprise Support Group

Entrepreneurship 

Scenario You are keen to become an entrepreneur as you have a lot of ideas for new business ventures and want to work for yourself. You have a joined a local Enterprise Support Group which helps entrepreneurs to set up and run new enterprises.

 Task 1

 Paul, the Enterprise Support Group leader, contacted you and has asked you to undertake some preparation before joining the group. He wants you to find out about enterprise in business and write a paper which you will discuss with Paul before the first meeting. Your paper about enterprise in business which must include:

 • An analysis of the entrepreneurial lifecycle (AC1.1)

 • An evaluation of how entrepreneurship is encouraged and supported in different countries (AC1.2).

 Merit task To achieve a Merit, you must additionally include in the paper:

 • An analysis of the impact of entrepreneurship on the economy(AC1M1)