Forms Of Entrepreneurship

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6 forms of entrepreneurship

Did you know that just as with any other types of people and so forth there are just as much types of entrepreneurships? Read on to find out on some of their characteristics and see which type of entrepreneur are you.

1.There’s the Social entrepreneur

Typically attempts to further broad social, cultural, and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development. Social entrepreneurs are either non-profits or blend for-profit goals with generating a positive “return to society”.

2. The Innovator

They’re all about creating a product or service, as an idea person, innovation is more important to them than actually owning a company. They’ve a knack for coming up with new ideas or making old ones better. However, that also means they may need to excel at delegating, and hire a CEO to take care of the tasks they don’t enjoy.

3. Opportunist

Have a “gift” of intuitive timing and are able to choose the right locations. They may come across as impulsive, especially when so many of their right time/right place moves have paid off. Like the innovator, they also trust their gut while conducting solid research. However, they could be a little better at planning ahead if they want to build an empire.

4. Jack of all trades

Diversification is their middle name. They aren’t afraid to explore trends or to step in when needed. This makes them think risk can be scary and exciting all at the same time. They truly believe there are no great rewards without great risk. However, they’re also a bit of a follower, which means they need to find the right investors, stakeholders and partners to be successful.

5. Serial entrepreneur

Are flexible and always looking to the future for the next big thing and they can take a lot of stress and brush off past negative experiences with ease. A total leader, they might struggle with actually learning from their past failures. And measure success in being better than the competition and how much money they make.

6. Wantrepreneur

Isn’t an entrepreneur yet, and may never be. They’re rich with ideas, but the groundwork still needs to be done. It’s up in the air: should they win the lottery, they’d start a business, take a vacation or invest in a business they’ve kind of started already. They want to enjoy the self-starter lifestyle and consider themselves an idea person, but need more motivation to become one of the other five types of genuine entrepreneurs.

 

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