What is venture? Types of venture and Importance of Venture Creation and impact of venture creation

1. Venture &
Entrepreneurship
Presented by:
Muhammad Qaisar - 19896
M. Seerat Nawaz - 19918
M. Hassan Amin - 19730

2. Table of Contents
❏ What is Venture?
❏ Venture creation process
❏ Types of Ventures
❏ Importance of venture creation in entrepreneurship
❏ Impact of venture creation

3. What is venture?
❏ Venture means
❏ a new activity, usually in business, that involves risk or uncertainty
❏ To risk going somewhere or doing something that might be dangerous or
unpleasant
❏ Start-up entity developed with the intent of profiting financially
❏ May be considered a small business
❏ Business ventures are created based on
❏ Demand of the market
❏ Lack of supply in the market

4. Venture creation process
Entrepreneurial sense-making and the venture creation process

5. Types of Venture
❏ Sole proprietorship
❏ Limited liability company (LLC)
❏ General partnership
❏ Limited liability partnership (LLP)
❏ Limited partnership
❏ Corporation

6. Types of Venture
❏ Sole Proprietorship
❏ Simplest business form under which one can operate a business
❏ The sole proprietorship is not a legal entity
❏ Refers to a person who owns the business and is personally responsible for its debts
❏ Make all the decisions without any shareholders to consult, and pay taxes as normal
❏ General partnership
❏ Business arrangement by which two or more individuals agree
❏ To share in all assets
❏ Profits, financial and legal liabilities
❏ Such partners agree to unlimited liability
❏ Any partner may be sued for the entirety of a partnership's business debts

7. Types of Venture
❏ Limited liability company (LLC)
❏ A LLC is a corporate structure & that is allowed under state laws
❏ The owners are not personally liable for the company's debts or liabilities
❏ LLCs can either be taxed like a partnership or like a corporation.
❏ Limited Liability is just what it sounds like. When you form an LLC to do business, you
have limited liability if something goes wrong.
❏ Limited liability partnership (LLP)
❏ Allow for a partnership structure where each partner's liabilities is limited to the amount
they put into the business
❏ Having business partners means spreading the risk, leveraging individual skills and
expertise, and establishing a division of labor.

8. Types of Venture
❏ Limited liability partnership (LLP) - continue
❏ If the partnership fails, creditors cannot go after a partner's personal assets or income
❏ LLPs are common in professional business like law firms, accounting firms, and wealth
managers
❏ Limited Partnership (LP)
❏ is a partnership made up of two or more partners
❏ limited partners do not partake in managing the business
❏ limited liability up to the amount of their investment
❏ The general partner of the LP has unlimited liability
❏ partner must contribute resources such as property, money, skills, or labor

9. Types of Venture
Corporate venture (Corporation)
❏ The practice of directly investing corporate funds into external startup
companies
❏ Usually done by large companies who wish to invest small but innovative
startup firms
❏ Through joint venture agreements and acquisition of equity stakes
❏ Provide the startup with management and marketing expertise, strategic
direction, and/or a line of credit

10. Importance of venture creation in entrepreneurship
❏ Promotes Entrepreneurs
❏ Converts technical know-how to a commercially viable project
❏ Promotes products
❏ Modern technology become commercially feasible and can easily promotable
❏ Brings out latent talent
❏ Give more thrust to potential talent
❏ Promotes exports
❏ Encourages export oriented units because of which there is more foreign exchange
earnings

11. Importance of venture creation in entrepreneurship
❏ Creates more employment opportunities
❏ Encourages self employment and motivates more educated unemployed to take up new
ventures which have not been attempted so far
❏ Helps technological growth
❏ Modern technology will be put to use
❏ Helps growth of economy
❏ There will be an increase in the production of consumer goods which improves the
standard of living of the people.

12. Impact of venture creation
❏ Venture creation is starting point for any current or future entrepreneurs
❏ New ventures has an impact on economic development
❏ Establishment of new ventures targeted at providing specific solutions to
identified needs or problems in the marketplace
❏ That will separate from the rest
❏ Venture creation is to provide a significant value to an identified segment
of the market
❏ Establishment of a sustainable business
Source: https://www.emerald.com/insight/content/doi/10.1108/APJIE-12-2016-003/full/html#sec003

13. Any Questions?

14. Thank You!