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Types of Entrepreneurs

The document discusses different types of entrepreneurs based on various classifications. It defines an entrepreneur as a person who undertakes the risk of establishing and running a new enterprise. Entrepreneurs can be classified based on the type of business, stage of development, motivation, technology used, capital ownership, gender, age, area, scale, and more. Overall, entrepreneurs play a key role in developing the economy by organizing resources and establishing new business ventures.

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14K views11 pages

Types of Entrepreneurs

The document discusses different types of entrepreneurs based on various classifications. It defines an entrepreneur as a person who undertakes the risk of establishing and running a new enterprise. Entrepreneurs can be classified based on the type of business, stage of development, motivation, technology used, capital ownership, gender, age, area, scale, and more. Overall, entrepreneurs play a key role in developing the economy by organizing resources and establishing new business ventures.

Uploaded by

dany
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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WELCOME

ENTREPRENEURE
The term ‘entrepreneur’ is derived from the
French word ‘entrprendre’ which means ‘go
between’ or ‘to undertake’. Thus
an entrepreneur is any person
who undertakes the risk of
establishing and running of a new enterprise.
There are different types of entrepreneurs on
the modes or objectives or ventures. These
classifications are not mutually exclusive.
TYPES OF
ENTREPRENEURS
1)ACCORDING TO THE TYPE OF BUSINESS
i)Business entrepreneurs:-who start business units after developing ideas
for new products/services.

ii)Trading entrepreneurs :-who undertake buying & selling of goods, but


not engage in manufacturing.

iii)corporate entrepreneurs:-who establish and manage corporate form of


organization which have separate legal existence.

iv)Agricultural entrepreneurs:- who undertake activities like raising and


marketing of crops, fertilizers and other allied activities.
2)ON THE BASIS OF STAGES OF
DEVELOPMENT

i)First generation entrepreneurs:-who do not


possess any entrepreneurial background. They
start industry by their own innovative skills.
ii)Second generation entrepreneurs:-who inherit
the family business and pass to next generation.
iii)Classical entrepreneurs:-who aims to maximize
his economic returns at a level consistent with the
survival of the unit with or without an element of
growth.
3)ON THE BASIS OF MOTIVATION
i)Pure entrepreneurs:-who are basically motivated
to become entrepreneurs for their personal
satisfaction, ego etc..
ii)Induced entrepreneurs:- who are induced to take
up entrepreneurial role by the assistance and policy
of government including incentives, subsidies etc.
4) ON THE BASIS OF TECHNOLOGY

i)Technical entrepreneurs:- who are task oriented


and ‘craftsman type’. They prefer doing to thinking.
ii)Non-technical entrepreneurs:- who are not
concerned with technical side, but rather with
marketing and promotion.
iii)Professional entrepreneurs:- who start a
business unit, but later sell the running business
and start a new unit later.
5)ON THE BASIS OF CAPITAL OWNERSHIP

i)Private entrepreneurs:- individual or group set up


enterprise, arrange finance, share risk etc..
ii)State entrepreneurs:- means the trading or
industrial venture undertaken by the state or the
government itself.
iii)Joint entrepreneurs:- the combination of private
and government entrepreneurs.
OTHER CLASSIFICATIONS

6)ACCORDING TO GENDER AND AGE


i)Man entrepreneurs
ii)Women entrepreneurs
iii)Young entrepreneurs
iv)Old entrepreneurs
v)Middle-aged entrepreneurs
7)ACCORDING TO AREA
i)Urban entrepreneurs
ii)Rural entrepreneurs
8)ACCORDING TO SCALE

i)Large scale entrepreneurs


ii)Medium scale entrepreneurs
iii)Small scale entrepreneurs
iv)Tiny scale entrepreneurs
9)OTHERS

i)Spiritual Entrepreneur
ii) Social entrepreneurs
iii)Edupreneurs
CONCLUSION
It is often said that “economy is the effect for
which entrepreneurship is the cause". The
development of economy is usually
associated with its industrial development.
An entrepreneur is a person who organises
the factors of productions-land, labour and
capital, and establish a business venture and
carries out the operations in the business in
a profitable manner.

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