Types of Entrepreneurial Ventures

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Entrepreneurship is an ability to establish new business in order to provide better products and
services to customers by fulfilling their needs and demand. There are different types of entrepreneurial
ventures they are as follows:
Small business entrepreneur is a person who runs their business at small level, their main purpose
of running the enterprise is to earn profit and meet their daily expenses. The Entrepreneur is only
responsible to bear the loss and gain profit. Small business entrepreneur run their business activities to
support their families and fulfil their demands. The Entrepreneur usually hires the employees from local
areas it also helps in creating job opportunity in Local Market. For example: local grocery store and
small boutiques.
Scalable Entrepreneur Venture is another type of entrepreneurial venture that have a power and
capability to change the World. The main purpose of scalable entrepreneurs is to offer better quality of
products and services to customers that are unique and different from others and satisfy their needs. The
motive of the entrepreneur is to make the profit and raise fund from venture capitalist even the workforce
they hire is highly specialised. For example: Facebook and Instagram.
Large Company Entrepreneurial venture is also a type of entrepreneurial venture in which
business is established at large level with a purpose of earning huge profit and increase the growth of
Organisation. They create product and services according to the taste and preference of customers in
order to attract and build strong customer base. Due to the business, spread at large level they hire an
expertise candidate that can contribute their best efforts in making business goals achieved. For Example:
Google and Microsoft.
Social entrepreneurial Venture is another type of entrepreneurial venture which is established with
a purpose to solve the conflicts and issues in society in order to develop healthy and positive
environment. The Entrepreneurs are not focused on earning profit rather than they aim to make World a
better place. For example: educational programs and charity institution.
The typology of entrepreneurs is of different types having main goals to generate huge
profit and increase the sale of business. They are as follows-
Female Entrepreneur is one of typology of entrepreneur in which the business is run by
females. The female entrepreneur is linked with entrepreneurial venture as they can also
run the small entrepreneurship, large companies, scalable venture and social venture. The
Women has a power to establish the business and run independently.
Serial Entrepreneur is a person who focuses on producing disruptive and innovative ideas
that helps in making business successful. It is important for the entrepreneurial ventures to
have serial entrepreneurs in firm so that they can help in giving better ideas that helps in
uplifting the profitability and sale of Organisation.
Lifestyle entrepreneur is another typology of entrepreneurs that main purpose is to focus on
development in business by bringing some changes in working style and pattern. They
usually take risk to get better results and outcomes.
SMALL BUSINES ENTREPRENEURSHIP
Types of entrepreneurial ventures Typologies of Entrepreneurial Ventures