Types of Entrepreneurs and Entrepreneurial Ventures

Entrepreneurship and
Small Business
Management (TASK -1
& Task -2)

Types of entrepreneurs
Typical or Owner-Manager Entrepreneur- The entrepreneur
who know that what is process to make customers happy. They
calculate overcoming situational and analyze the ideas after
starting a business (Lee-Ross, 2010).
Serial Entrepreneur- This are the entrepreneurs who
opposite of typical entrepreneur and come up with ideas then
starts Company. They start the business with ideas. This type of
entrepreneur establishes rules and policies before the formation
of businesses.
Intrapeneur- This is a type of entrepreneur who holds its
business with inside activities. The person who creates products
and services with innovative ideas. They involve creative ideas
and risk factors.

Types of entrepreneur ventures
Small businesses- There are many small businesses have
start in united kingdom. In the US 5.7 million small businesses
working and all are the non governmental organisation. It
includes hairdressers, travel agencies, grocery stores,
consultancy services, carpenters, electrician and plumbers etc
(Schaper, 2014).
Scalable start up entrepreneurship- This is a type of
entrepreneur ventures whose vision and mission is clear to the
world and knowing from day one. Investors plays an important
role for this company.

Continued
 Large company entrepreneurship- Large kind of
entrepreneurship includes the innovation process for its
life cycles. Large companies uses new technologies and
creates new legislation. It builds disruptive products like
ironically.
 Social entrepreneurship- Social entrepreneur focuses
on the creativity. It involves innovation process to invent
new products and services. The products developed by
social company satisfies the needs of customers and
services solves social problems.

Typology of
entrepreneurship
 Survival Firms- This are the small kind of business
organisation who operates business of survival. Small
and medium size of business is a part of survival firm.
 Lifestyle Firms- Lifestyle firm is a term of providing a
reason of making goods and services for lifetime to
founder. It is a type of modern firm or businesses. Its
annual growth rate usually increases day by day(Burns,
2010).
 Growth Firms- This is a type of firm who is growing
rapidly. As compared by the competitors. The company
who is earning profits faster than economic rates.

Continued
 Managed Growth Firms- The company who needs to grow
in the market and have to manage the imbalance in the
profitability(Bridge, 2012).
 Aggressive Growth Firms- It can be described by a
mutual fund to achieve the highest capital gains. It focuses
on conviction approach.
 Corporate entrepreneurship- This type of firm can be
described by the activities of corporation. It focuses on the
internal growth of the businesses.
 Public sector entrepreneurship- This type of firm formed
for a particular objective. It focuses on public needs and
their satisfactions.