Types of Entrepreneurs: Which One are you?
Types of Entrepreneurs: Which One are you? The type of entrepreneur that you are determines how much you achieve in your operations. the behavioral pattern of organizational management brings about the tagging of some entrepreneurs as Builders, opportunists, innovators, and Specialists. The question is, which one are you? Other of our articles deal with the entrepreneurial traits, Small Business Vs Entrepreneurship – which one are you? Get at this one to lead you to others. Happy reading.
Furthermore, this post will deal with your ability to manage your office or entity. So, this post is good for business start-ups and existing business founders who run their businesses aimlessly. In fact, this post will be referring mostly to Sole Proprietors and small-sized limited liability companies. Others to benefit from this post are those involved in the management of NGOs.
Contents
- 1 The Common Entrepreneur: Types of Entrepreneurs: Which One Are You?
The Common Entrepreneur: Types of Entrepreneurs: Which One Are You?
An entrepreneur is a person who sets up a business or business. He does this by taking up a new business opportunity by taking on financial risks in the hope of making a profit. Relatively, the process of setting up a business is called entrepreneurship, while the entrepreneur is simply seen as an innovator, a source of new ideas, goods, services, and business procedures. Do you have these qualities?
Types of Entrepreneurs: Which Type Are You?
As a matter of fact, not every entrepreneur is the same. And that means that not all have the same goals. We are trying to help you understand the types of Entrepreneurship we can sense in the workplace. Here are a few types we have researched on,
Builder
Entrepreneurs who are builders always establish scalable businesses within a short time frame. In this regard, builders watch their operations within their times of operation. Such builders strategically plan to increase their revenue or operational capacity from one level to the other. So, when an entrepreneur builds his operation from 40% to 60% and maybe to 80% capacity utilization from one time to the other, he is a builder entrepreneur.
You don’t need to be told here that these builder entrepreneurs will build out a strong infrastructure base by hiring the best talent and seeking the best investors. These are temperamental personalities that they found out are suitable to their fast growth tendencies. Did you get the gist here? Read more about Types of Entrepreneurs: Which One are you?
Opportunist
In addition, are the opportunists who just came into business because an opening found in a system. Now ask yourself what happens if you suddenly become a Government Supplier because your relation is now the Director in charge. So, then, what happens in the next five years when your relation retires? So, opportunistic entrepreneurs are optimistic individuals with the ability to pick out financial opportunities, getting in at the right time, staying on board during the time of growth, and exiting when a business hits its peak.
As you can see, these types of entrepreneurs are concerned with the wealth they will build within the short time. Therefore, such entrepreneurs are attracted to ideas where they can create residual or renewal income. Because they are looking to find well-timed opportunities, opportunistic entrepreneurs can be impulsive.
Innovator
These are the rare entrepreneurs. They are individuals that come up with a great business idea or product that no one has thought of before. Now, think of Thomas Edison, Steve Jobs, and Mark Zuckerberg. When Lynda Ikeji started blogging many of us were sleeping then. As we know it today these people worked on what they loved and found business opportunities through them. Are you like that?
As a matter of fact, these people are different. Instead of them focusing on money-profit, they cared more about the impact that their products and services would have have on society. So, is your business solving any particular societal problem today? You may not have a managerial ability to run the business, but start something. You will certainly find those with requisite managerial capacity to run it for you.
Specialist
I like these ones. Some times I think that I am like this. These ones are analytical and risk-averse. They have a strong skill set in a specific area obtained through education or apprenticeship. A specialist entrepreneur will build out their business through networking and referrals, resulting in slower growth than a builder entrepreneur. Yes, this is through. Many a time this set of individuals will continue to analyze for an outcome of what they have not started until they lose the opportunity. I happens to me too. Just because I want to get it right.
Summing Up Types of Entrepreneurs: Which One are you?
his post is to enable you assess yourself. Complete Entrepreneurship Empowerment Summit (cessummit) wants to to evaluate yourself in the scale of business entrepreneurship. So, are you an opportunities, a specialist or an innovator. Think about these , and contact us if you have need to set up your business now. We will give you a good business plan that will make the difference.
TO SUPPORT AND GROW YOUR BUSINESS READ ALSO THE FOLLOWING:
Finally, these are Types of Entrepreneurs. So, Which One are you? Again, we present this important segment of this write-up to you. In fact, this segment is very important because, if you must support your business ideas and make good planning, you should research wildly. This is why we require you to take advantage of these highlighted topics here. Ensure you click to read all topics relevant to kickstarting your business and for expanding it. Just click.
- Why You Need SCUMl Certificate
- How to fund entrepreneurship activities
- 14 Categories of businesses that make you a millionaire
- Other business plan templates
- SCUML Application Form
- Entrepreneurs Follow Traits – See them
- How to get help for SCUML Certificate
- Get a business Plan
- Register your business @ CAC
- 2022 LUCRATIVE BUSINESSES FOR NIGERIANS
- Register for AGSMEIS loan On-line training
- How we aid you apply for AGSMEIS loan in Nigeria
Our Contacts For Types of Entrepreneurs: Which One are you?
Finally again, Complete Entrepreneurship Empowerment Summit the owners of Cessummit.com is ever willing to help you out with business coaching and professional services for your start-ups. We offer business registration at CAC, business planning, accounting and tax management services. You can contact us on [email protected] or 09053130518 for required services. Meanwhile, you can send in your comments and questions through our comment box under this page. If there are urgent matters you can drop your phone numbers and email address there too with brief note of what you want. We will reply you soon.
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