Top 10 Best Types Of Entrepreneurs

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Entrepreneurs

Entrepreneurs are interesting people. They are willing to put everything in their lives at risk to start a business. That takes guts, and not everyone can do it. Even less are successful at it. 

So, here are the 10 types of entrepreneurs that you may come into contact with:

Social entrepreneur

These entrepreneurs want to make a difference in society. They want to see a change in their communities. They don’t care about making money or profit and will often start NGO’s or charities that facilitate change. 

Innovative entrepreneur

These are the typical entrepreneurs. The Steve Jobs and Alexander Graham Bell types. They want to innovate, invent and completely upend the existing structures. Of course, these entrepreneurs don’t have the highest success rates, but if they get their ideas off the ground, they tend to change the world.

Imitator entrepreneur

Here’s where Bill Gates comes in. Imitator entrepreneurs may be successful, but they are not original. They make up a large percentage of all entrepreneurs and for a good reason. They are using proven and effective entrepreneurial strategies, which means they have a much higher chance of success. 

Of course, each business will have its curveballs and challenges that they will have to deal with creatively. But for the most part, these entrepreneurs are running stable companies. 

Buyer entrepreneur

This is the rich overlord entrepreneur. They buy already built, very successful businesses and reap the rewards. It’s a comfortable, comparatively low-stress approach to business ownership—the only caveat being that the entry requirements include being incredibly wealthy. 

Research entrepreneur

This is the always prepared entrepreneur. They mull over starting their business for years, and they draw up many plans to make sure it’s incredibly effective. These entrepreneurs live in a theory world; they don’t rely on their intuition, leading to business failures. Their constant need to be well informed and prepared can seem like a good strategy, but it holds them back and makes them inefficient.

Aspirational entrepreneur

These are the entrepreneurs that turn up in movies. The rags to riches stories. These people will put their nose to the grinding stone and not look up till they are done, which is never. They are never done because they do not take breaks. 

These people need to take breaks; they’re more likely to mess up their business because they burnt out than they made a mistake. On the bright side, these entrepreneurs tend to see some level of business success.

Startup entrepreneur

The startup entrepreneur normally creates the “I will solve a problem business”. These are incredibly specific, niche business ideas that either take off spectacularly well or bomb horribly.

Examples would include Uber or Bigbasket. 

The typical startup entrepreneur will normally work with a small group to service a much larger group. 

Small-scale entrepreneur

This is your local grocery store owner or a small business in your area. It’s the average person who decided to work for himself and damn the rest. These entrepreneurs are all around us, and nobody pays attention to them. Or even consider them entrepreneurial. But they are.  They take a substantial risk when they start their small business without the stable infrastructure of an established company behind them. They’re the most common, most overlooked entrepreneurs.

Large-scale entrepreneur

These are the large companies. It normally involves some involvement with a buyer entrepreneur and a lot of investing before it officially starts. This type of entrepreneur aims to become a household name. Examples would be supermarket chains or fast-food franchises. These entrepreneurs are building empires, not just businesses.

Tech entrepreneur

This is now common. The typical silicon valley, hunched in front of a computer, making no money entrepreneur, is the tech entrepreneur. They start young; maybe they try to be innovative, but the competition is tough, and often, these entrepreneurs become imitators. If they’re lucky, they might make enough money to end up a buyer.