Entrepreneur

Entrepreneur and its types - an Introduction

1. Entrepreneur
Dr. N. Yuvaraj
Assistant Professor
AchariyaArts and Science College
Villianur, Puducherry

2. Theterm‘entrepreneur’isderivedfromtheFrenchword
‘entrprendre’whichmeans‘gobetween’or‘toundertake’.
Thusanentrepreneurisanypersonwhoundertakestheriskof
establishingandrunningofanewenterprise.
Therearedifferenttypesofentrepreneursonthemodesor
objectivesorventures.
Theseclassificationsarenotmutuallyexclusive.

3. TYPES OF ENTREPRENEURS
1. ON THE BASIS OF TYPE OF BUSINESS
Business Trading Corporate
Agriculture

4. 2) ON THE BASIS OF STAGES OF DEVELOPMENT
2
nd
Generation
(inherit
family
business)
Classical (aims to
maximize
economic returns)
1
st
Generation
(do not
possess any
background)

5. 3)ON THE BASIS OF MOTIVATION
Pure
entrepreneurs
Induced
entrepreneurs
who are basically
motivatedtobecome
entrepreneursfortheir
personal satisfaction,
egoetc..
whoareinducedto
takeupentrepreneurial
rolebytheassistance
and policy of
government including
incentives,subsidies
etc.

6. 4) ON THE BASIS OF TECHNOLOGY
Technical
ProfessionalNon-technical

7. 5) ON THE BASIS OF CAPITAL OWNERSHIP
i)Privateentrepreneurs:-individualorgroupsetupenterprise,
arrangefinance,sharerisketc..
ii)Stateentrepreneurs:-meansthetradingorindustrial
ventureundertakenbythestateorthegovernmentitself.
iii)Jointentrepreneurs:-thecombinationofprivateand
governmententrepreneurs.

8. 6)ACCORDING TO GENDER AND AGE
i)Manentrepreneurs
ii)Women entrepreneurs
iii)Young entrepreneurs
iv)Old entrepreneurs
v)Middle-aged entrepreneurs

9. 7)ACCORDINGTOAREA
i)Urbanentrepreneurs
ii)Ruralentrepreneurs

10. 8)ACCORDINGTOSCALE
i)Largescaleentrepreneurs
ii)Mediumscaleentrepreneurs
iii)Smallscaleentrepreneurs
iv)Tinyscaleentrepreneurs

11. 9)OTHERS
i)SpiritualEntrepreneur
ii)Socialentrepreneurs
iii)Edupreneurs

12. Itisoftensaidthat“economyistheeffectforwhich
entrepreneurshipisthecause".
Thedevelopmentofeconomyisusuallyassociatedwithits
industrialdevelopment.
Anentrepreneurisapersonwhoorganizesthefactorsof
productions-land,labourandcapital,andestablishabusiness
ventureandcarriesouttheoperationsinthebusinessina
profitablemanner.