Types of Entrepreneurs

Classification on the basis of: ‡ Type of business ‡ Use of Technology ‡Motivation ‡Gr owth ‡ Stages in Development ‡O ther s

Type of business
‡Business entrepreneur: Convert ideas into reality; deal with both manufacturing and trading aspect of business (Small trading and manufacturing business) ‡Trading entrepreneur: Undertakes trading activities; concerned with marketing (Domestic and international level) ‡Industrial entrepreneur: Undertakes manufacturing activities only; new product development etc (textile, electronics, etc) ‡Corporate entrepreneur: Interested in management part of organisation; exceptional organising, coordinating skills to manage a corporate undertaking (Ambani, Tata families) ‡Agricultural entrepreneur: Production and marketing of agricultural inputs and outputs (Dairy, horticulture, forestry)

Use of Technology
‡Technical entrepreneur: Production oriented, possesses innovative skills in manufacturing, quality control etc. ‡Non technical entrepreneur: Develops marketing, distribution facilities and strategies

Brimming with ideas to start new ventures Motivation ‡Pure entrepreneur: Psychological and economic rewards motivate him ‡Induced entrepreneur: Incentives. steep and upward growth curve Stages in Development ‡First generation entrepreneur: Innovator. which can adapt to change and dynamic market ‡Classical entrepreneur: One who gives more importance to consistent returns than to growth. is a positive thinker ‡Super growth entrepreneur: One who enters a business and shows a quick. concerned about customer and marketing needs . risk taker. among the firsts in family to enter business ‡Modern entrepreneur: Who considers feasibility of business.‡Professional entrepreneur: Uses the proceeds from sale of one business to start another one. benefits offered by government for entrepreneurs motivates him ‡Motivated entrepreneur: Sense of achievement and fulfillment motivate him ‡Spontaneous entrepreneur: Born entrepreneurs with inborn traits of confidence. concessions. vision and initiative Growth ‡Growth entrepreneur: One who enters a sector with a high growth rate.

Small and Large scale entrepreneur .Men and Women entrepreneur ‡Scale.Rural and Urban entrepreneur ‡Gender/Age.Others ‡Area.

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