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Types of Entrepreneurs

1. Craft entrepreneurs

Exploits and utilises personal skills to start a business without thinking of its growth or the expansion objectives.

2. Opportunistic entrepreneurs

This is a person who starts a business, acts as a manager and with a view to expand the business to maximum.

3. Social entrepreneur

Recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change.

4. Political entrepreneur

Is a business person who utilizes political systems or seeks support from political bodies in order to promote, expand and profit from their own commercial ventures.

5. High Tech 
entrepreneur

New technological developments have created opportunities for those with the right technical expertise

6. Concept Multipliers

Someone who identifies a successful concept that can be duplicated by others.

7. Acquirer

Those who take over a business started by others and use their own ideas to make it successful.

8. Buy/Sell artists

Those who buy a company for the purpose of improving it before selling it for a profit.

9. Economy of Scale exploiters

Those who benefit from large volume of sales by offering discount prices and operating with low overheads.

10. Inventors

Those with particular inventive abilities who design a better product and then create companies to develop, produce and sell the item.

11. Self-employed

Individuals who perform all the work and keep all the profit.

12. Speculator/Value

Those individuals who buy property at a low price with the anticipation that prices will go up and sell at a higher price.

13. Conglomerate

An entrepreneur who builds up a portfolio of ownership in small businesses, sometimes using shares or assets of one company to provide the financial base to acquire another.

14. Matriarch or patriarch

The head of family owned business who often employs several members of the family.

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