UNDERSTANDING THE NATURE OF ENTREPRENEURSHIP AND BUSINESS IS THE KEY TO IMPROVING SMALL BUSINESS MANAGEMENT

In the article, the essence of the concepts of entrepreneurship, business, entrepreneur and businessman was studied in the improvement of small business management, and the stages of its empirical development were analyzed. Also, a three-level classification of entrepreneurship by development levels was formed by the author. The concepts of entrepreneurial risk-taking and social entrepreneurship are given a special definition based on the deep study of the scientific and theoretical researches of foreign and local scientists. The article envisages the development of small business by developing generalized scientific definitions covering the general development stage of entrepreneurship and business.