Classification of Entrepreneurs according to the type of Business Show According to the type of business, entrepreneurs shall be classified as Business Entrepreneurs, Trading Entrepreneurs, Industrial Entrepreneurs, Corporate Entrepreneurs, Agricultural Entrepreneurs, Retail Entrepreneurs, Service Entrepreneurs and Social Entrepreneurs. Types of Entrepreneurs 1. Business Entrepreneurs Business entrepreneurs we those who conceive an idea to for a new product or service and then create a business to convert their ideas into reality. These entrepreneurs may be found in small business units or big enterprises. They concentrate both on production and marketing activities. Example: A Printing Press, bakery or a textile unit. Business entrepreneur: Business entrepreneurs are individuals who conceive an idea for a new product or service and then create a business to materialize their idea into reality. They may set up a big establishment or a small business unit. They are called small business entrepreneurs when found in small business units such as printing press, textile processing house, advertising agency, readymade garments or confectionery. 2. Trading Entrepreneurs Trading Entrepreneurs are those who undertake trading activities. These entrepreneurs do not concentrate on manufacturing activities. They give more emphasis on distribution and marketing of goods. They identify potential markets, create demand for the product and influence people to buy the product. Example: Agents and Wholesalers. Trading Entrepreneur: The trading entrepreneur is one who undertakes trading activities and is not concerned with the manufacturing work. He identifies potential markets, stimulates demand for his product line and creates a desire and interest among buyers to go in for his product line and creates a desire and interests among buyers to go in for his product line and creates a desire and interests and buyers to go in for his product. He is engaged in both domestic and overseas trade. Britain, due to geographical limitations has developed trade through trading entrepreneurs. 3. Industrial Entrepreneurs Industrial Entrepreneurs are those who concentrate in industrial and production activities. Trey identify the needs of the customers and manufacture a product according to their needs. They are generally a product-Oriented entrepreneur. Example: A manufacturer of Automobile spare parts, computer accessories. Industrial Entrepreneurs: Industrial entrepreneur is essentially a manufacturer who identifies the potential needs of customers and tailors a product or service to meet the marketing needs. He is product- oriented man who starts in an industrial unit because of the possibility of some new product. 4. Corporate Entrepreneur Corporate entrepreneurs are those who exhibit innovative skills in organizing and managing corporate undertaking. Example: A Trust registered under the Trust Act. Corporate Entrepreneur: Corporate entrepreneur is a person who demonstrates his innovative skill in organizing and managing corporate undertaking. A corporate undertaking is is a form of business What are the 4 types of entrepreneurship businesses?Most often, the types of entrepreneurship are broken into four categories:. small business.. scalable startups.. large company or intrapreneurship.. social entrepreneurship.. Is not classification of entrepreneurs according to the types of business?From the following which one is not classificationof entrepreneurs according to the types of. business. Wholesale trade. Rural entrepreneur.
What are the 6 classifications of entrepreneurship?In a nutshell, most successful entrepreneurs fit into one of these six categories:. Hustler.. Innovator.. Machine.. Prodigy.. Strategist.. Visionary.. What are the types of entrepreneurs explain each 7 types?Here are the different types of entrepreneurship:. Small business entrepreneurship.. Large company entrepreneurship.. Scalable startup entrepreneurship.. Social entrepreneurship.. Innovative entrepreneurship.. Hustler entrepreneurship.. Imitator entrepreneurship.. Researcher entrepreneurship.. |
