TYPES OF
ENTREPRENEURS
Who is an
Entreprene
ur?
• Entrepreneurship is the
fourth division of the factor
of production. Simply put,
it is the process of starting
up a new business.
Entrepreneurs create
businesses.
Types of
entrepreneurs
• The hustler
• Innovative entrepreneurs
• Buyer entrepreneurs
• Small business
entrepreneurs
• Large company
entrepreneurs
• Researcher entrepreneurs
• Social entrepreneurs
• Trading entrepreneurs
• Intrapreneur
1. The hustler
• Hustlers are willing to work hard with little capital
to grow a business they think has potential.
• Usually, a hustler’s plans will start small and build
up over time, but the term can also refer to people
who start up a hobby business on the side of their
9-to-5.
• Example: sophia
Amoruso
2. Large
company
Entrepreneurs
• Unlike small business entrepreneurs,
prominent company entrepreneurs
think global. Such entrepreneurs
establish businesses to gain global
relevance.
• Large company entrepreneurship goes
beyond providing products and
services for the immediate
environment.
• The goal is for their great idea,
business, or service to reach as
many people as possible.
3. Trading
Entrepreneurs
• Trading entrepreneurs are traders
that sell products and services in the
most distinctive way possible. Their
innovative idea is majorly on
marketing strategies
• Trading entrepreneurs develop
strategies to take over the market
space in their niche and get many
people interested in their product
• Every trading entrepreneur
always seeks buyers for their
products. Note that trading
• Exampl Paul Tudor
entrepreneurs
Jones are not the same as
e:
product manufacturers or developers.
T
4. Buyer
Entrepreneurs
• Buyer entrepreneurs do not start
new businesses; instead, they buy
existing ones and make them into their
businesses.
• Entrepreneurs who fall in this category
have enough money to start a
business but lack the expertise or
desire to handle the startup process.
• The buyer entrepreneurship model is for
financial powers looking for profitable
businesses to purchase. These
entrepreneurs use their wealth to grow such
companies to their desired taste.
• Example :Warren Buffett
5.
Innovative
Entreprene
urs
Innovative While scalable start- these entrepreneurs
entrepreneurs aim to up entrepreneurs are not usually
improve the life of develop a new idea directly involved in
people in their and find a market for the business; they are
society. They often it, innovative employers of labor.
develop and entrepreneurs create They employ
enhance their innovation from the qualified people to
service or product existing market. A run their
for the betterment reasonable amount of business and keep
of the users. capital is required to their ideas alive
Although they make turn the unique idea while constantly
a profit from their into a successful improving them
business, it is business.
secondary.
6. Social
Entrepreneurs
• An entrepreneur whose business
aim is to make the world a better
place is a social entrepreneur.
• Their principal aim is to provide
services that will improve people's
lives, change a community,
influence the standard of living,
and change the global world.
• Social entrepreneurs are not
profit- driven; they provide
quality services at little or no cost
• Exampl Blake
e: Mycoskie.
7.
Intrapreneu
r
• An intrapreneur is anyone who develops
innovative ideas while working for an
organization.
• This category includes entrepreneurs
within the confines of a company. And
there are some
small differences between an
entrepreneur and an intrapreneur.
• Although they are employed to be a part of
innovation, their creative minds keep producing
new ideas and better ways of approaching the
company's creation.
•• Exampl Paul Buchheit
Intrapreneurs function better in groups
and are(Gamil)
e: more productive as a team.
8.Researcher
Entrepreneurs
• Anything worth doing is worth
the preparation; this is the
motto of the researcher
entrepreneurs.
• They take time to do market
research, read up, and plan
their business before
launching
• Researcher entrepreneurs are
rational decision-makers.
Intuition is not a good motivation;
they rely primarily on facts and
figures to make business
decisions.
9. Small
Business
Entrepreneurs
• Small business entrepreneurs create business
ventures that provide services for a small
range of people or a local community.
• Examples of small business entrepreneurship
businesses are local restaurants and
neighborhood grocery stores.
• These entrepreneurs provide solutions to a
problem within their immediate
environment. Small business
entrepreneurship aims to make enough
profit to sustain their livelihood
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