Entrepreneurship is the act of starting own business, this includes risk, most of the times financial loans are obtained from banks and secured against assets of the business.
A small business is the business which is small in nature, mostly this includes sole traders, the capital is injected by the owner there is no or lower long term liabilities, fewer employees and lower revenue.
Small businesses should be encouraged as these businesses provide profits to individuals which will also contribute to the economy, and these small businesses will provide employment opportunities to young individuals. They fail because of high risk.
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