The types of entrepreneurship that exist today are the most different, but they all have in common the objective of creating innovative and efficient solutions to human problems. For anyone with an interest in innovating and looking for new business models, knowing the characteristics of the types of entrepreneurship is an excellent way to help your creativity flow.
What types of entrepreneurship are there?
The types of entrepreneurship according to their purpose are:
1. Small companies
In these, the owner is the one who runs the organization, perhaps with a couple of employees at his command. They are the businesses that we can see on the streets or avenues of our cities and that are barely profitable for their owners. They are considered successful if they manage to maintain the basic needs of the family.
2. Scalable companies
Its purpose goes beyond just producing enough to financially cover its owner. They are conceived with the idea of generating high levels of growth thanks to innovation and strategies. The technological business, related to the development of software and electronic devices, is a good example of a company focused on the concept of scalability .
3. Social organizations
In these, the main intention is not to make money or take a share of the market. It’s about making an impact in the world. They are usually non-profit companies and focus on sectors such as education, human rights, human development, health or the environment. However, we can also divide the types of entrepreneurship according to their level of innovation.
4. Innovative ventures
When a venture is based on developing and researching to create an innovative product or service , it can be classified as a new venture. These are the ones that can generate the most impact when faced with a problem or market need. One of its main characteristics is that when the innovative idea is generated, they require a lot of capital to develop the entire research process and then start up the business model.
5. Opportunistic business
These meet a specific need at a given time with a business proposal designed especially for that opportunity. The special thing about this type of venture is that it requires great vision on the part of the entrepreneur to detect, develop and execute a business model that satisfies this lack of the market.
6. Incubator ventures
Unlike all the previous ones, these ideas remain in research and development for a long time , with the aim of satisfying a recurring need within a niche. Large companies use idea incubators to generate enough data to ensure that the business will pay off. They are also run by organizations that have a share of the market and are used to keep up with trends.
7. Business mirrors
They are not innovative at all, they only focus on selling a product that already exists on the market. A very simple example could be franchises , in which the investor or entrepreneur does not create anything, just buys a license or “brand” with a business model that works to adapt it from head to toe in another location.
So, you already know the types of entrepreneurship that can be set up. It’s time to discover what kind of entrepreneur you are. Don’t walk away!You may also be interested in these contents!
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What types of entrepreneurs are there?
Depending on personality and interests, the types of entrepreneurs can be the following:
1. Social entrepreneur
He’s not looking for money or fame. It only focuses on solving a problem in your society or community through an innovative system. The social entrepreneur wants to execute his ideas so that people can have a better quality of life anywhere in the world.
2. Specialist entrepreneur
He is a methodical and technical person. He focuses on ideas for a specific sector and seeks to generate impact at the corporate level with them. Most of them are professionals who combine their knowledge with entrepreneurship to develop a project that generates money for them.
3. Cross-functional entrepreneur
Surely you know people who can do a thousand things at once. Well, multi-sector entrepreneurs are people who focus on several projects at the same time , without having much to do with each other. They are able to generate progress with two or more businesses simultaneously, without losing focus on any.
4. Entrepreneurs by accident
In history we have seen that many “errors” have caused great discoveries in those responsible. Accidental entrepreneurs are those who stumble upon a random idea and identify it as a real business possibility . Like when Zuckerberg was helping some fellow students on his frat website and turned it into what is now Facebook .
5. Opportunistic entrepreneur
We already talked about this in the types of entrepreneurship. It is nothing more than the entrepreneur who manages to identify the opportunity and develop a solution to a specific problem.
6. Investor entrepreneur
He is the one who has the resources and looks for projects and ideas to put money on and develop them. He is not the one who runs the business, he acts more like a capitalist partner.
7. Entrepreneur out of necessity
They are the entrepreneurs who after an unfavorable situation, such as unemployment, economic situation and others, decide that starting a business is the way to solve it. They are the most common. Everywhere we can find people who were not satisfied with receiving a salary or could not access better salaries and decided to satisfy their needs with a business.
8. Innovative or visionary entrepreneur
It is one that seeks new ways to solve a problem that are more accessible and economical for a sector of the population. Think long-range projects and develop plans to make them profitable for decades. After all, every entrepreneur must adapt to trends. The trend right now is digital platforms and so that you don’t get left behind, we invite you to download our Digital Entrepreneur Guide so you can learn how to invest in digital products.
