TYPES OF

ENTREPRENEURSHIP
SMALL BUSINESS ENTREPRENEURSHIP
Small business entrepreneurship is often when a person owns and
runs their own business. They typically hire local employees and family
members.
LARGE COMPANY ENTREPRENEURSHIP
Large company entrepreneurship is when a company has a finite amount of life
cycles. This type of entrepreneurship is for an advanced professional who knows how
to sustain innovation.

SCALABLE STARTUPENTREPRENEURSHIP
This kind of entrepreneurship is when entrepreneurs believe that their company
can change the world. They often receive funding from venture capitalists and hire
specialized employees. Scalable startups look for things that are missing in the
market and create solutions for them.
SOCIAL ENTREPRENEURSHIP
An entrepreneur who wants to solve social problems with their products and
services is in this category of entrepreneurship. Their main goal is to make the world
a better place. They don't work to make big profits or wealth. Instead, these kinds of
entrepreneurs tend to start nonprofits or companies that dedicate themselves to
working toward social good.

INNOVATIVE ENTREPRENEURSHIP
Innovative entrepreneurs are people who are constantly coming up with new
ideas and inventions. They take these ideas and turn them into business ventures.
They often aim to change the way people live for the better. Innovators tend to be
very motivated and passionate people.
HUSTLER ENTREPRENEURSHIP
People who are willing to work hard and put in constant effort are considered
hustler entrepreneurs. They often start small and work toward growing a bigger
business with hard work rather than capital. Their aspirations are what motivates
them, and they are willing to do what it takes to achieve their goals. They do not give
up easily and are willing to experience challenges to get what they want.

IMITATOR ENTREPRENEURSHIP
Imitators are entrepreneurs who use others' business ideas as inspiration but
work to improve them. They look to make certain products and services better and
more profitable. An imitator is a combination between an innovator and a hustler.
They are willing to think of new ideas and work hard, yet they start by copying
others.
RESEARCHER ENTREPRENEURSHIP
Researchers take their time when starting their own business. They want to
do as much research as possible before offering a product or service. A researcher
makes sure they understand every aspect of their business and have an in-depth
understanding of what they are doing. They tend to rely on facts, data and logic
rather than their intuition.

BUYER ENTREPRENEURSHIP
A buyer is a type of entrepreneur who uses their wealth to fuel their business
ventures. Their specialty is to use their fortunes to buy businesses that they think
will be successful. They identify promising businesses and look to acquire them.
Then, they make any management or structural changes they feel are necessary.
Their goal is to grow the businesses they acquire and expand their profits.
PHILIPPINE BUSINESS LANDSCAPE
The 2018 List of Establishments of the Philippine Statistics
Authority (PSA) recorded a total of 1,003,111 business
enterprises operating in the country. Of these,
998,342 (99.52%) are MSMEs
4,769 (0.48%) are large enterprises.

Micro enterprises constitute 88.45% (887,272) of total MSME

establishments, followed by small enterprises at 10.58%
(106,175) and medium enterprises at 0.49% (4,895).
SECTORAL DISTRIBUTION
The top five (5) industry sectors according to the number of MSMEs in
2018 were:
(1) Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles
(461,765)
(2) Accommodation and Food Service Activities (144,535)
(3) Manufacturing (116,335);\
(4) Other Service Activities (66,162)
(5) Financial and Insurance Activities (46,033). These industries accounted
for about 83.62% of the total number of MSME establishments.
THE PHILIPPINES AND TECHNOLOGY
• SMALL and medium enterprises (SMEs) serve as the driving force of a country’s economic
growth. This is mainly because they make up a large part of the business landscape in certain
countries, especially in Asia.
• SMEs alone have managed to create over 2.5 million jobs in the country, further signifying the
vitality of these establishments to the country’s development.
• Due to the fact that they greatly influence the country’s income rate and development, they
must be able to constantly meet the global industrial demands, evolve alongside the new
globalization standards and catch up with the digital world.
• The wave of digital disruption has hit the Philippines’ SMEs, so business leaders must respond
proactively by embracing technology solutions and be more digitally-enabled.
• As the country gains new digital capabilities and advances its technology development, it is
imperative that SMEs go digital.
Assignment #2
•5 Women Entrepreneurs Sh
are Their Secrets To Succes
s | Refinery29 – YouTube
*research the different companies
*make a reaction paper