What are different type of Entrepreneur that I Can do?
If an individual or a team of an individual is called entrepreneur it means that they act as the oversee and or managers that, is responsible for the launch and growth of that enterprise.
It is a way or a process in which an individual and or a team identifies a business opportunity acquirers and deployed the necessary resources that is required for its exploitation.
It can also define as an act of being an entrepreneur and or the owner or manager of a business enterprise who by risk and initiative attempts to make profits.
An entrepreneur is process of creating something deferente, something new that can change and transmute values.
Four criteria to become entrepreneur
1. The ability to recognise opportunities and situation then recombine resources to generate profit.
2. Taking risk
3. The organisation of the people and resources.
4. The recognition of information about opportunity.
8 type of entrepreneur that one can embark on!
1. Ethic or personal self employed entrepreneur
It is a process in which business is belong to a person or ethnic minority.
Personal, self employ or ethic entrepreneur is often refer to as self employed business owners who belong to racial or ethnic minority group.
An examples of ethic entrepreneur is Chinese business owners in chinatown and or Cuban business owners in italy.
2. Millennial entrepreneur
It is a process in which business owner who is affiliate with the generation that was brought up using digital technology and mass media,
Millennial entrepreneur also known as the business owners who are equipped with knowledge of new technology and new business models and often have a strong comprehensive knowledge of its business applications.
An examples of this types of entrepreneur is the creator and the owner of one of the largest social media platform, Mark Zuckerberg.
This type of entrepreneur is also known as Generation Y , it is consist of those where born during the year of 1980s and 1990s.
3. Project-based entrepreneur
It is the type of organisations which are concentrated on producing a singular objective or goal.
Then when their project ends they dispatched. Project-based entrepreneur are individuals who are engaged in the repeated assembly or creation of temporary organisations.
A project entrepreneur who used to a certain approach and tean for a project may have to modify the business model or team for a subsequent project.
It has been said that project entrepreneurs are exposed to repeatedly problems and tasks that is of entrepreneurial process like, and that this problems are of two critical challenges that is variably characterize the creation of a new venture.
The 2 critical problems that project-based entrepreneur faces and how to solve them.
1. How to locate the right opportunity to launch the project venture.
2. How to assemble the most appropriate team to exploit that opportunity.
How to resolve critical problems that project-based entrepreneur faces
To resolve this challenge requires projectenterpreneurs to access an extensive range of information needed to seize new investment opportunities.
Resolving the challenge requires assembling a collaborative team that has to fit well with the particular challenges of the project and has to function almost immediately to reduce the risk that performance might be adversely affected.
4. Nascent entrepreneur
Nascent entrepreneur is a method in which an individual tried to establish a venture business.
Its can also be defined as an opportunity and possibility to introduce new services or products to serve new markets and to develop more efficient production methods in a profitable manner.
Nascent entrepreneur is a opportunity that has to be first established as a venture idea.
The pursued opportunity is perceptual in nature propped by the nascent entrepreneurs personal beliefs about the feasibility of the venturing
outcomes nascent entrepreneurs undertake numerous entrepreneur activities including actions that make their businesses more concrete to themselves and others.
Nascent entrepreneurs often seek financial backing from legal entities organize teams and dedicate all their time and energy to their business.
More to this is that nascent entrepreneur also seek to purchase and obtain facilities and equipment.
5. Feminist Entrepreneur
Feminist entrepreneurs is a way in which women are motivated to enter commercial markets by desire to create wealth
and social change based on the ethics of cooperation equity and mutual respect in order to achieve much more important. It is a way of “creating women by women”.
A feminist entrepreneur is an individual who applies feminist values and approaches through entrepreneurship with the goal of improving the quality of life and well-being of girls and woman.
6. Cultural Entrepreneur
The cultural entrepreneur is a method in which an individual and or collective agency come out with idea to build and sustain cultural authority.
It way of characterizing an individual or collectives between cultural professions and modes of cultural production.
It has been said that there is 3 types of cultural entrepreneur.
The 3 types of cultural entrepreneur
1. Cultural Personalities
The cultural personalities is an individuals who build the own personal brand of creativity as a cultural authority and leverage.
It is means of creating and sustaining varius enterprises.
2. Tycoons cultural
The tycoon’s cuLtural is a process in which an entrepreneurs build a substantial clout in the cultural sphere by forging synergies between their industrial cultural political philanthropic interest.
3. Collective cultural
It is an enterprises process in which an organisations may engage in cultural production for profit purpose or decides not to make profit out of it .
7. Institutional entrepreneur
In institutional entrepreneur human resource is very unique. Institutional entrepreneur is a process which human resources are being combine together to better capture and create business opportunities.
8. Social entrepreneur
It is type of an entrepreneur that is comprise many varieties of organisation with different aims and believes .
The social entrepreneur is a process in which entrepreneurs and other start up companies develops fund and implement solution to social, cultural or environmental issues.
The social entrepreneurs are may be of two type either non profits or blend for profit purpose to generating money for the society.
Here is 8 articles you should look-p to that will enlight and motivate your mind:
This are the type of most entrepreneur that one can en-back on. Although some of the barriers to entry for entrepreneurs may includes the economy debt and the challenges of regulatory compliance.
what type of entrepreneur would you prefer?
If you are like an innovative of new idea and business pro mind you, a management skills and strong team building abilities are often perceived as essential leadership attributes to be a successful entrepreneur.