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• Based on the book “Entrepreneurship 101” published by Rebecca David in 2022, there are different types of entrepreneurship,
• Agripreneurship deals with the production and selling of various agricultural goods and inputs.
• Buyer Entrepreneurship involves business individuals who possess substantial capital and utilize it to acquire established companies or merge with smaller businesses.
• 1. Ecopreneurship involves people who want to create a "green" business. It comes with opportunities to save the Earth while making a good profit.
• 1. Imitator Entrepreneurship creates a business by copying or adapting an existing business concept or a successful product or service in the market.
• 1. Large Business Entrepreneurship involves taking calculated risks to develop new market offerings to remain competitive and better respond to changing markets and customer needs.
• Scalable Startup Entrepreneurship involves launching a small-scale enterprise intending to quickly expand and transform into a highly lucrative company. 
• Small Business Entrepreneurship involves starting a business on a smaller scale rather than expanding it into a large corporation or opening multiple branches.
• Social Entrepreneurship focuses on innovating and creating novel solutions to address pressing social issues.
• 1. Technopreneurship solves complex business problems and brings uniqueness and novelty to the business process by combining entrepreneurial skills and technology.
• Sole Proprietorship

  – it is initiated, organized, owned, and managed by a single person4
• Partnership

  – two (2) or more partners who co-own a business to make a profit
• Corporation

  – exist in contemplation of law; the business has its own identity separate and distinct from stockholders
• Cooperative

  – a duly registered group of persons with a common interest to voluntarily join to achieve a lawful social and economic end.
• Sole Proprietorship

  – it is initiated, organized, owned, and managed by a single person

  · Easily created and terminated

  · Ownership and rewards in one person

  · Flexibility to changes

  · Minimum regulation and taxation
• According to Maryville University (2023), the idea of becoming a boss may have appeared daunting for many people. It could be attributed to the intricate dynamics and responsibilities of leading a team or organization.
• · Leadership. Entrepreneurs display their passion, vision, and mission for the business in every interaction with investors, employees, and external stakeholders.
• Articulate


  • Entrepreneurs recognize the importance of facilitating communication in all directions within an organization
  • Communication skills are vital in various business areas, such as closing sales, boosting employee morale, resolving conflicts, and negotiating contracts
• Sociable


  • Entrepreneurs recognize that aligning the organizational approach with the unique characteristics of the business and its employees is crucial when managing people
• Adaptable


  • Entrepreneurs must be decisive, passionate, adaptable, and willing to make changes
• Collaborative


  • Entrepreneurs know it is crucial to connect with managers, investors, partners, and stakeholders as equals
  • They understand the value of each person's contribution and do not focus on a hierarchical structure
• Multifaceted


  • Entrepreneurs must be adaptable and multi-skilled
  • They must manage all business aspects, including sales, marketing, and client and stakeholder management
• Resilient


  • Entrepreneurs embrace failure and never give up easily
  • They constantly seek motivation and view setbacks as chances to gain wisdom and advance
• Proactive


  • An entrepreneur should take the initiative to address problems before they happen, whether about finances, branching into a new market, or benchmarking the competitors
• Innovative


  • Entrepreneurs can grow their businesses and satisfy customers by developing new market offerings that meet the changing demands
• Risk-taker


  • Entrepreneurs are aware of the potential risks of starting a business and are proactive in mitigating these risks
• Creative


  • Entrepreneurs who succeed possess a relentless curiosity that drives them to constantly explore novel concepts and prospects that evolve into profitable business ventures
• Passion


  • Entrepreneurs' passion is a constant source of motivation and drives them to achieve their targets of revolutionizing outdated methods and introducing innovative business concepts
• . Entrepreneurial behavior can encompass a variety of actions, such as taking risks, identifying new opportunities, and pursuing innovation (McCreanor, 2023).

   
• Types of motivation


  • Extrinsic Motivation
  • Intrinsic Motivation
• Extrinsic Motivation


  Motivating individuals to complete a task by offering rewards such as money, gifts, or treats. However, this type of motivation fades away when the reward is absent or not at par with their interest.
• Intrinsic Motivation


  People do the task at hand because they are passionate about the business.
• Categories of intrinsic motivation

  • Achievement motive
  • Power motive
  • Affiliation motive
• Achievement motive


  • Have a strong motivation to succeed, achieve greatness, and conquer any difficulties and hurdles in the quest for objectives.
• Power motive


  • The desire for control, influence, and the ability to impact others and change circumstances.
• Affiliation motive


  • The act of pursuing, upholding, or revitalizing an emotional connection with others.
• Businesses know the need to innovate to keep up with the market's rate of change
• All industries are being disrupted by technology, so companies must innovate to stay current and avoid falling behind
• Techniques to fuel business innovations

  • Design thinking
  • Brainstorming
  • Creating an innovation lab
• Main benefit of innovation

  Increases business income and enhances the bottom line