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Small Business Entrepreneurship - Small Business Entrepreneurship Refers To Opening A Business Without Turning It Into A Large Conglomerate Or Opening Many Chains. A Single-Location Restaurant, One Grocery Shop, Or A Retail Shop To Sell Goods Or Services Would All Be Examples Of Small Business Entrepreneurship. Large Company Entrepreneurship - This Type Of Entrepreneurship Is For Advanced Professionals Who Know How To Sustain Innovation And Are Often Part Of A Large Team Of C-Level Executives. Large Companies Often Create New Products And Services Based On Consumer Preferences To Meet Market Demand. Scalable Startup Entrepreneurship - Is A Type Of Entrepreneurship That Requires External Capital And Risk, Wherein An Organization Launches Its Business On A Small Scale With The Goal Of Expanding Rapidly And Becoming An Extremely Profitable Company. Social Entrepreneurship - An Entrepreneur Who Wants To Solve Social Problems With Their Products And Services Is In This Category Of Entrepreneurship. Their Main Goal Is To Make The World A Better Place. They Don'T Work To Make Big Profits Or Wealth. Instead, These Kinds Of Entrepreneurs Tend To Start Nonprofits Or Companies That Dedicate Themselves To Working Toward Social Good. Innovative Entrepreneurship - Innovative Entrepreneurs Are People Who Are Constantly Coming Up With New Ideas And Inventions. They Take These Ideas And Turn Them Into Business Ventures. They Often Aim To Change The Way People Live For The Better. Hustler Entrepreneurship - People Who Are Willing To Work Hard And Put In Constant Effort Are Considered Hustler Entrepreneurs. They Often Start Small And Work Toward Growing A Bigger Business With Hard Work Rather Than Capital. Their Aspirations Are What Motivates Them, And They Are Willing To Do What It Takes To Achieve Their Goals. Imitator Entrepreneurship - Imitators Are Entrepreneurs Who Use Others' Business Ideas As Inspiration But Work To Improve Them. They Look To Make Certain Products And Services Better And More Profitable. An Imitator Is A Combination Between An Innovator And A Hustler. They Are Willing To Think Of New Ideas And Work Hard, Yet They Start By Copying Others. People Who Are Imitators Have A Lot Of Self-Confidence And Determination. They Can Learn From Others' Mistakes When Making Their Own Business. Researcher Entrepreneurship - Researchers Take Their Time When Starting Their Own Business. They Want To Do As Much Research As Possible Before Offering A Product Or Service. They Believe That With The Right Preparation And Information, They Have A Higher Chance Of Being Successful. A Researcher Makes Sure They Understand Every Aspect Of Their Business And Have An In-Depth Understanding Of What They Are Doing. They Tend To Rely On Facts, Data, And Logic Rather Than Their Intuition. Detailed Business Plans Are Important To Them And Minimize Their Chances Of Failure. Buyer Entrepreneurship - A Buyer Is A Type Of Entrepreneur Who Uses Their Wealth To Fuel Their Business Ventures. Their Specialty Is To Use Their Fortunes To Buy Businesses That They Think Will Be Successful. They Identify Promising Businesses And Look To Acquire Them. Then, They Make Any Management Or Structural Changes They Feel Are Necessary. Their Goal Is To Grow The Businesses They Acquire And Expand Their Profits. This Kind Of Entrepreneurship Is Less Risky Because They Are Purchasing Already Well-Established Companies.

Small Business Entrepreneurship

  • Definition: Opening a business without expanding into large chains or conglomerates.

  • Examples: Single-location restaurants, grocery shops, retail stores.

Large Company Entrepreneurship

  • Definition: Entrepreneurship within large organizations, focusing on sustaining innovation.

  • Characteristics: Involves C-level executives; creates new products/services based on consumer preferences.

Scalable Startup Entrepreneurship

  • Definition: Launching a business on a small scale with the intent to expand rapidly.

  • Characteristics: Requires external capital and involves higher risk; aims for significant profitability.

Social Entrepreneurship

  • Definition: Entrepreneurs focused on solving social issues through their products/services.

  • Goals: Prioritize social good over profit; often start nonprofits or socially-driven companies.

Innovative Entrepreneurship

  • Definition: Entrepreneurs who generate new ideas and inventions.

  • Aim: To improve lives through innovative business ventures.

Hustler Entrepreneurship

  • Definition: Entrepreneurs who rely on hard work and effort to grow their businesses.

  • Characteristics: Start small; motivated by aspirations rather than capital.

Imitator Entrepreneurship

  • Definition: Entrepreneurs who improve upon existing business ideas.

  • Characteristics: Blend of innovator and hustler; learn from others' mistakes; self-confident and determined.

Researcher Entrepreneurship

  • Definition: Entrepreneurs who conduct extensive research before launching a business.

  • Characteristics: Rely on facts and data; detailed business plans; aim to minimize failure risks.

Buyer Entrepreneurship

  • Definition: Entrepreneurs who use their wealth to acquire existing businesses.

  • Characteristics: Identify promising businesses; make necessary management changes; lower risk due to purchasing established companies.