ENTREP

• Building blocks of an economy

  • Innovating Entrepreneur
  • Adoptive Entrepreneur
  • Fabian Entrepreneur
  • Drone Entrepreneur
• Innovating Entrepreneur

  Aggressive in experimentation
• Adoptive Entrepreneur

  Imitative. They copy the innovations by others
• Fabian Entrepreneur

  Doesn't have the will to manage. Shy and lazy
• Drone Entrepreneur


  Laggards. Doesn't copy others. Has own way
• Types of Business


  • Sole proprietorship
  • Partnership
  • Company
  • Corporation
• Business Entrepreneur


  Conceive ideas and materialize
• Trading Entrepreneur


  Concerned on trading not manufacturing
• Industrial Entrepreneur


  Identify the needs and creates it
• Use of Technology


  • Technical Entrepreneurs
  • Non Technical Entrepreneurs
  • Professional Entrepreneurs
• Technical Entrepreneurs


  Enter business to exploit inventions
• Non Technical Entrepreneurs


  Not concerned with technical aspects but rather in promotional strategies and marketing
• Professional Entrepreneurs


  Establish business but doesn't want to manage it
• According to Motivation


  • Pure Entrepreneur
  • Induced Entrepreneur
  • Motivated Entrepreneur
• Pure Entrepreneur


  Psychologically motivated
• Motivated Entrepreneur


  New entrepreneurs who desires fulfillment
• According to Growth


  • Growth Entrepreneur
  • Super-Growth Entrepreneur
• Growth Entrepreneur


  Desire and ability to grow as fast as large as possible
• Super-Growth Entrepreneur


  Enormous growth of performance in their venture
• According to Entrepreneurial Activity

  • Novice Entrepreneur
  • Serial Entrepreneur
  • Portfolio Entrepreneur
• Novice Entrepreneur


  Someone who is starting their first business venture and has no previous experience
• Serial Entrepreneur


  Someone who starts numerous businesses over time, driven by the excitement of starting new ventures
• Portfolio Entrepreneur


  Someone who owns and manages multiple businesses. Have business and just expands
• Other Entrepreneurs


  • First-Generation Entrepreneurs
  • Modern Entrepreneurs
  • Women Entrepreneurs
  • Nascent Entrepreneur
  • Habitual Entrepreneur
  • Lifestyle Entrepreneurs
  • Copreneurs
  • IT Entrepreneurs
  • Social Entrepreneur
  • Forced Entrepreneurs
  • Entrepreneurs by Inheritance
• First-Generation Entrepreneurs


  Starts own business without prior family experience
• Modern Entrepreneurs


  Adapts to market changes, leveraging technology to build their brand. Current market needs
• Women Entrepreneurs


  Changing social norms and supportive laws
• Nascent Entrepreneur


  Individual who is in the process of starting a new business
• Habitual Entrepreneur

  Individual who has prior business ownership experience
• Lifestyle Entrepreneurs


  Their basic intention is to earn an income for themselves and their families
• Copreneurs


  Married couples, jointly owning and managing a business
• IT Entrepreneurs


  Creating a new business platform that takes them straight to the top
• Social Entrepreneur


  Identifies societal issues and offers innovative solutions to address them, create positive social change
• Forced Entrepreneurs


  Individuals who didn't plan to start their own business but are required to do so due to circumstances
• Entrepreneurs by Inheritance


  Inherit their family business from the previous generation
• Entrepreneurship refers to an action process. It is a creative and innovative
• Frank Knight: 'It involves a specialized group or persons who bear 'risks' and meet the uncertainty'
• Musselman and Jackson: 'Entrepreneurship is the investing and risking of time, money, and effort to start a business and make it successful'
• Franklin Lindsay: 'Entrepreneurship is defined as anticipating the future requirements of society and successfully meeting these needs with new, creative and imaginative combinations of resources'
• H. Cole: 'Entrepreneurship is the purposeful activities of an individuals, or a group of associated individuals undertaken to initiate, maintain and aggrandize profit by production or distribution of economic goods and services'