DEFINATION:

The term “entrepreneur” is derived from the French word

“entrprendre” which means “to undertake” or “go between”.
An entrepreneur is a 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
 Business Entrepreneur: They are those entrepreneur who develop an idea for a new product or service
and establish a enterprise to materialize their idea into reality.
 Trading Entrepreneur: they are the entrepreneur who undertake trading activities whether domestic or
overseas.
 Corporate Entrepreneur: they are those entrepreneur who through their innovative ideas and skills able to
organize, manage, and control a corporate undertaking very efficiently and effectively.
 Industrial Entrepreneur: They essentially manufacture products and offer services which have an effective
demand in the marketing.

Agricultural Entrepreneur: they are those who undertake agriculture as well as allied activities in the field
of agriculture.
 Use of Technology:
1) Technical Entrepreneur: They are those entrepreneurs who have the capability of developing new
and improved quality of goods and services by their knowledge, skills and specifications.
2) Non-Technical Entrepreneur: They are those entrepreneurs who have the capability of developing
alternative marketing skills and distributing strategies to promote their business.
 Professional Entrepreneurs: These entrepreneur establish business enterprise s with a
purpose to sell them once they are established.
 MOTIVATION:
1) Spontaneous Entrepreneurs: They are motivated by their desire for self-fulfilment
and to achive or prove their excellence in job performance.
2) Induced Entrepreneurs: They are the entrepreneurs who take the task due to the
policy measures of the government that provides assistance, incentives concessions and
necessary facilities.
3) Motivated Entrepreneurs: They are motivated by their desire to make use of
technical and professional skills in performing the job that they have taken up.
ENTREPRENEURS
First-Generation Entrepreneur: These entrepreneurs start
their business by their own innovative skills and expertise.

Second-Generation Entrepreneur: They do not start their

start their enterprise by their own rather they join their
family business which have been started by their father.

Third-Generation Entrepreneur: They are those types of

entrepreneur wherein their grandparents have been
original entrepreneur , which have been passed into their
father and then to themselves