UNDERSTANDING THE ESSENCE OF ENTREPRENEURSHIP AND BUSINESS IS THE BASIS FOR IMPROVING SMALL BUSINESS MANAGEMENT

Abstract

The article explores the essence of the concepts of entrepreneurship, business, entrepreneur and entrepreneur in improving small business management and analyses the empirical stages of its progress. The author has also formed a three-stage classification of entrepreneurship according to levels of development. An in-depth study of scientific-theoretical studies by foreign and domestic scientists, a special definition of the concepts of entrepreneurial risk and social entrepreneurship. The article aims to ensure the development of small businesses by developing generalised scientific definitions covering the general stage of entrepreneurship and business development.