a) Craft entrepreneurs
Exploits and utilizes personal skills to start a business without thinking of its growth or the expansion objectives
Often times than in this type of entrepreneurship
i. There is no expanding even after a long time
ii. It is not business expansion oriented.
iii. The skills can be technical skills, professional skill etc.
b) Opportunistic entrepreneurs
This is a person who starts a business, acts as a manager and with a view to expand the business to maximum. He might not have the sill to profession but he has the opportunity to start and direct others. He sees beyond and has abilities to initiate and venture into business that will expand and grow. He is innovative I.e. somebody able to delegate activities to others, ready and able to see, scan the environment.
c) Co-operative Entrepreneur
A Co-operative Entrepreneur collaborates with other co-operative entrepreneurs to start and complete projects where each co-operative entrepreneur brings different skills and talents to the collaboration.
d) Creative Entrepreneur
A Creative Entrepreneur is a creative artist who values their product above all else and puts Intellectual Property (IP) first. Creative Entrepreneurs are dedicated to the artistic and creative expression that is unique to them.
e) Lifestyle Entrepreneur
A Lifestyle Entrepreneur values their lifestyle first and builds their businesses so that they have a rewarding and sustainable lifestyle founded on and driven by their personal interests and talents.
f) Social Entrepreneur
A Social Entrepreneur values social change first and is driven to improve and transform their society, their environment, and economic conditions.
A rapidly growing and vibrant sector, social entrepreneurs play an important role in providing products and services with the overall intention of creating social good, operating from a triple bottom line perspective of people, planet, and profit. Profit is often reinvested into the enterprise rather than being distributed to shareholders. "Social entrepreneurs are people who recognize social problems, decide to roll up their sleeves and get into action using entrepreneurial principles to organize, create, and manage a venture to implement social change that is sustainable, good for the planet and for the highest good of humanity."
g) Bottom-Line Entrepreneur
A Bottom-Line Entrepreneur takes the initiative and launches a new enterprise that takes advantage of market opportunities with the goals of building capital and profits.
h) Innovative Entrepreneurs:
An innovative entrepreneur in one, who introduces new goods, inaugurates new method of production, discovers new market and recognizes the enterprise. It is important to note that such entrepreneurs can work only when a certain level of development is already achieved and people look forward to change and improvement.
i) Imitative Entrepreneurs:
These types of entrepreneurs creatively imitate the innovative technical achievement made by another firm. Imitative entrepreneurs are suitable for underdeveloped countries as it is hard for them to bear the high cost of innovation.
j) Fabian Entrepreneurs
Fabian entrepreneurs are characterized by very great caution and skepticism to experiment any change in their enterprises. They usually do not take any new challenge. They imitate only when it becomes perfectly clear that failure to do not so would result in a loss of the relative position in the enterprise.
sharon kalunda answered the question on March 2, 2019 at 07:43