Small business entrepreneurship: In this article, we will discuss the meaning of small business entrepreneurship, and the differences between a startup and a small business. In the later stages of the article, we will discuss the advantages and disadvantages of small business ownership. If you are an entrepreneur, this might act as a guide about the type of business you need to create. It will raise the question of whether you’d need to create a small business or a startup. It all comes down to what you want to do with your idea.