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Types of Entrepreneurs: Definition of An Entrepreneur

The document outlines various types of entrepreneurs, including social, small business, scalable startup, large company, innovative, buyer, hustler, and imitator entrepreneurs, each defined by their unique characteristics and approaches to business. Examples such as Muhammad Yunus, Mark Zuckerberg, and Elon Musk illustrate the diverse paths entrepreneurs take to create value and drive economic growth. Overall, the document emphasizes the importance of innovation, risk-taking, and adaptability in entrepreneurship.

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Bhaskar Kumbhar
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15 views10 pages

Types of Entrepreneurs: Definition of An Entrepreneur

The document outlines various types of entrepreneurs, including social, small business, scalable startup, large company, innovative, buyer, hustler, and imitator entrepreneurs, each defined by their unique characteristics and approaches to business. Examples such as Muhammad Yunus, Mark Zuckerberg, and Elon Musk illustrate the diverse paths entrepreneurs take to create value and drive economic growth. Overall, the document emphasizes the importance of innovation, risk-taking, and adaptability in entrepreneurship.

Uploaded by

Bhaskar Kumbhar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Types of Entrepreneurs

Definition of an Entrepreneur:

An entrepreneur is an individual who starts, manages, and


assumes the risks of a business or enterprise in pursuit of profit
and innovation. Entrepreneurs identify opportunities, create value,
and drive economic growth.

by Bhaskar Kumbhar
Social Entrepreneur
Focuses on solving Measures success
social or through social
environmental impact rather than
problems. profits.

Often operates as a non-profit or hybrid


business model.

Example: Muhammad Yunus – Founded Grameen Bank to provide


microfinance loans to low-income individuals.
Small Business Entrepreneur
Starts a business with limited resources, often self-funded.

Focuses on local markets with steady, long-term growth.

Provides personal services, retail, or traditional businesses.

Example: A local bakery owner running a family-owned pastry shop.


Scalable Startup Entrepreneur

Often funded by venture


2 capital and investors.

Aims to grow rapidly and 1


expand globally.

Focuses on innovation and


technology-driven
solutions.
3

Example: Mark Zuckerberg (Facebook) – Created a social media platform that scaled worldwide.
Large Company
Entrepreneur
Innovates within an Focuses on sustaining
established business growth in
organization. competitive markets.

Introduces new products, services, or market


expansions.

Example: Steve Jobs (Apple) – Launched the iPhone, transforming


the mobile industry.
Innovative Entrepreneur
Introduces unique products or services that disrupt
1 industries.

Takes high risks but creates groundbreaking


2 advancements.

Focuses on research, technology, and


3 creativity.

Example: Elon Musk (Tesla & SpaceX) – Developed electric vehicles and reusable rockets.
Buyer Entrepreneur

1 Purchases existing businesses and improves them.

Focuses on scaling and restructuring for higher


2 profitability.

Invests in undervalued companies with


3 potential growth.

Example: Warren Buffett – Acquires businesses through Berkshire Hathaway and expands them.
Hustler Entrepreneur

Relies on hard Starts small and Often builds


work, grows through businesses from
persistence, dedication and scratch with
and self- resilience. minimal
motivation. investment.

Example: Dhirubhai Ambani (Reliance Industries) – Started as a


textile trader and built a global company.
Imitator Entrepreneur
1 Adapts existing business models and improves
them.

2 Learns from competitors and adds unique


features.

3 Competes with established businesses by offering


better value.

Example: Xiaomi (Lei Jun) – Imitated Apple's smartphone design but offered
affordable alternatives.

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