Entrepreneurs - Types Of Entrepreneurs
The Entrepreneur establishes a new enterprise or business with an innovative idea and also he tries to convert that business into a reputed company.
Types of entrepreneurs:
1. Innovative entrepreneurs.2. Adaptive entrepreneurs.
3. Fabian entrepreneurs.
4. Drone entrepreneurs.
5. Imitative entrepreneurs.
1. Innovative entrepreneurs:
Innovative entrepreneurs come into the market with a new product or a new method of production or a new service. These entrepreneurs implement their ideas in different places and also in various ways. They will analyze their own idea by implementing them in the market. They will believe in themselves and also in their idea especially.
2. Adaptive entrepreneurs:
Adaptive entrepreneurs adopt successful models (business models) from developing countries or other countries. They will implement that Idea or business model in their country. First of all, they will analyze business models of different countries they will implement the most successful and also the most comfortable business model.
3. Fabian entrepreneurs:
Fabian entrepreneurs or not like innovative entrepreneurs and adaptive entrepreneurs. They will follow in the footsteps of other successors. They will change the methods of their business slowly. These entrepreneurs are not aggressive. They don't like to do radical changes in the business model. They fear if they made any changes to the business model that will affect the business negatively.
4. Drone entrepreneurs:
Drone entrepreneurs are entirely different from the above-discussed entrepreneurs. These entrepreneurs refuse to make changes in their business. Even they were running in losses they don't change their business model. They may close down the business but they don't adopt any change.
Other types of Entrepreneurs:
A) Individual Entrepreneurs:
Individual entrepreneurs start their businesses with their own interests and passion. These types of entrepreneurs are generally found in small-scale businesses or firms. Because they start small and they will focus on increasing that Business.
B) Entrepreneur by inheritance:
The entrepreneurs who inherit the business of their earlier generations are called entrepreneurs by inheritance. These types of entrepreneurs found in India. These entrepreneurs are a part of the joint Hindu family business.
C) Forced entrepreneurs:
Forced entrepreneurs don't have a real passion for business. But they enter into business because of certain circumstances.
D) Business entrepreneurs:
These entrepreneurs have a new idea for a business. whether the business may be production or service. They will come up with an idea in the market and they will start small they will turn that business into big. These entrepreneurs mainly focus on materializing their Idea into reality
E) Trading entrepreneurs:
Trading entrepreneurs mostly focus on market opportunities and they will stimulate the demand for their products. Did not participate in production or manufacturing activity. They only take part in trading. They will buy manufactured or produced products from manufacturers and they will sell them to the ultimate customers these types of entrepreneurs are called trading entrepreneurs.
F) Agricultural entrepreneurs:
Agricultural entrepreneurs participate in agricultural activity. These entrepreneurs are normally engaged in raising crops and making crop fertilizers and other useful products for agriculture. These entrepreneurs also engaged in different agriculture-related activities.
Some other different types of entrepreneurs are:
1. Institutional entrepreneurs
2. Industrial entrepreneurs
3. Pure entrepreneurs
4. Motivated entrepreneurs
5. Professional entrepreneurs etc...
