An entrepreneur is very helpful for the economic development of the country. So, it is very necessary for every entrepreneur is leadership quality, better communication skill, innovative, decision maker, risk taker, hardworking, creative, organizing skill, foresight, technical knowledge, desire for high achievement, clear objective. Every entrepreneur has received faith, trust, loyalty from the society and customer. He should be innovator. His innovation is simple.
Types of Enterpreneur:
- Acc. to stages of development
- Acc. to motivation
- Acc. to Gender
- Acc. to the use of Technology
- Acc. to type of business
Acc. to stages of development:
- Generation Entrepreneur: when person start the business on his innovative skill. He was the first generation to start the entrepreneur. He has no entrepreneurial background.
- Second generation Entrepreneur: He has a entrepreneurial background. It means father start the business and son/daughter continued the business is known as second generation entrepreneur. For Example: Anil and Mukesh Ambani.
- Classical Entrepreneur: His main purpose to maximize the economic return. He can't take interest to earn profit. Business increased or decreased maximize the return.
Acc.to Motivation:
- Pure entrepreneur: These are those entrepreneurs which are only aim to earn money.
- Induced entrepreneurs: These are those entrepreneurs who are not only considered to earn money but he also gives prefer to extra benefits of facility. He always starts a business in asmall scale.
Acc. to the use of technology:
- Technical Entrepreneur: These are those entrepreneurs which have technical knowledge. And think How to improve the technical business for making an efficient way. They can adopt those techniques which cost is less than the entire person is able to adopt this technique.
- Non-Technical Entrepreneur: These are those entrepreneurs who have not technical knowledge. They will give more preference to the alternative methods to change the raw material, not machine.
- Professional Entrepreneur: His main purpose to gain more and more profit. He will purchase the business not for own used but sale to the other person and gain the profit.
Acc. to type of business:
- Business Entrepreneur: This type of businessman arranges all the economic resources and utilized in a systematic way. He starts the business always in small scale. Entrepreneur utilized all the resources in such a way that can get maximum production. As the entrepreneur grows, he expands his business.
- Trading entrepreneur: He is very confined only concerned with the trading of the goods. Trading is a bit difficult task in a product. Every entrepreneur searches the design, customer satisfaction. For every entrepreneur, it is very necessary to know about the market condition.
- Corporate entrepreneur: To plan, develop, managed, the whole corporate body. He is mandatory and joint stock Company. He should be a part of the BOD (board of director). He should be a good decision maker.
- Agricultural entrepreneur: To maintain and established methods to produce the goods in a efficient and proper way through mechanization, irrigation, and application of technology for dry land agriculture.
Acc. to Gender:
- Male entrepreneur: These are enterprise, which are owned and managed by the male is known male entrepreneur.
stevejobs- Female entrepreneur: These are enterprise, which are owned and managed by the female is known female entrepreneur. for example: J.K. Rowling
