Introduction: Entrepreneurs play a vital role in the economy and new market development. The proposal allows you to explore the theory of entrepreneurship alongside your behaviours and...

1. Appraise the theories and practice of entrepreneurship, enterprise, and innovation. 
Entrepreneurshipis the name of any act of launching, running, maintaining any business along with bearing all the risks to earn the monetary profit (Alvarez, Agarwal, and Sorenson, 2006). The person who bears the whole risk i.e. the person who is performing entrepreneurship is called an entrepreneur. There is no step-by-step process to become a successful entrepreneur because every business demands different risk-bearing capacity and management (Alvarez, Agarwal, and Sorenson, 2006). Though some experts have researched a lot to identify some common behaviors in the process and have developed some theories. Here, two theories of entrepreneurship are described:
a. Theory of Innovation
b. Rotter’s Theory 
 
a. Theory of Innovation: 
The theory of innovation was proposed by J.A. Schumpeter, the theory applies that ‘entrepreneurship is innovation’, which means that the whole concept of a new business depends upon the ‘new element’ that it contains. Any new business is the result of a new idea and a new concept. Any entrepreneur may be called as an innovator as he has to bring out new ideas to provide better service for his customers to earn the desirable profit (Alvarez, Agarwal, and Sorenson, 2006). For Schumpeter, innovation means any new idea of production, transport, advertisement or methods of maintenance of any business.
b. Rotter’s Theory : 
The name suggests the theory was developed by Julian Rotter and deals with the behavior of the entrepreneur in his/ her external and internal focus (Alvarez, Agarwal, and Sorenson, 2006). This theory is psychological and deals with many factors of human behavior. In other words, we can say that the success of any entrepreneur is decided by what he thinks and how he behaves. There are two types of factors affecting the behavior of any entrepreneur:
When an entrepreneur thinks that his success is determined by those factors such as market, or institutional control or any other thing that he cannot control. The behavior is said to be the external locus control (Alvarez, Agarwal, and Sorenson, 2006). 
This locus represents the thinking of any individual that how desperately he wants to become an entrepreneur and how strongly he thinks that he is the only person who can change his conditions. This can be also called as internal locus control behavior.
The theory emphasizes the internal locus control behavior which is the key factor for the success of any entrepreneur (Alvarez, Agarwal, and Sorenson, 2006). According to Rotter, the strong internal locus control is the result of the environment in which the entrepreneur is born and brought up, the support of his/her family and the way he thinks. This means the theory deals with physiological behavior as well as the social behavior of any individual. It also explains the degree of interaction of any individual with his or her social, professional and family environment (Alvarez, Agarwal, and Sorenson, 2006). 
 
 2. Investigate opportunities for entrepreneurial activity in the local, national and global economies for start-up and existing organisations.
The United Kingdom is a pool of opportunities. It is one of the biggest markets in the world and many countries are dependent on it (Eckhardt and Shane, 2003). There is a huge scope for entrepreneurship opportunities. Fund raising can be with the help of angel investment, bank loans, venture capital, Government schemes, etc.The Barking and Dagenham Small Business Centre (BDSBC) provides help to entrepreneurs in the developmentof business plans, avails assistance in arranging funds and aid in the performance of managerial and functional activities such as marketing, administration, accounting, especially for businesses operating in the areas of Barking and Dagenham. Many countries the world also provide sufficient opportunities for entrepreneurial opportunities including the United Kingdom, Switzerland, Canada, Singapore, Southeast Asia, Netherlands, Norway, etc (Eckhardt and Shane, 2003). The top management at Rose will not take much time to prepare a cost-effective business plan at any of these locations.The business strategies of Rose will be redesigned after conducting a detailed study on each of these markets including the government policy to support entrepreneurship, demographic factors, presence of competitors, the culture of the place, etc.
3 Explore the behaviors, characteristics, competencies, and personalities of a range of entrepreneurs and evaluate against students' behaviors, characteristics, personality and competencies to assess their potential as an entrepreneur.
Being an entrepreneur means to have an impressive personality and thinking (Schmitt-Rodermund, 2004). The behavior, characteristics, competencies, and personalities of successful entrepreneurs are distinct. They work in their way to optimize their profit-making strategy. An entrepreneur must have:
Behavior and Characteristics
Positive thinking: According to the law of attraction, positivity always attracts positivity. So, to be a successful businessman one should be positive enough to make the business strategy. Positive thinking always helps an individual to get the goals of his/her life. The psychology of any individual draws an effect on his work style and behavior(Schmitt-Rodermund, 2004). I am not pessimistic as compared to the entrepreneur but I am trying to get more optimistic to challenges.
Ready to accept challenges: An entrepreneur never gives up. This is another important trait that makes an individual an entrepreneur. The acceptance of challenges brings new opportunities to earn a profit. It is necessary to improve the quality one should always accept new challenges, whether they are big or small. This makes one experienced and knowledgeable about the future (Schmitt-Rodermund, 2004). I am always ready to face the challenges just like the entrepreneur; I have also performed in various academic and non-academic activities.
Dynamic in nature: The nature of an entrepreneur should be such that he can behave according to the situation. Entrepreneurs face many problems simultaneously which demand a different way of thinking and different methods of solution. The dynamic nature of any entrepreneur helps in solving these problems successfully. I am focusing on my attitude to make it more...