Refer to an individual who owns and manages his own business. A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. Somebody who produces an innovative and brand new product, a different way involving making something, or a cutting-edge market. Forms of Entrepreneurs: Solo self-employed individual This group of entrepreneurs includes such group as trades people, sales agents, repairmen and brokers as well as highly paid professionals, accountants. This includes practitioners in the fields of expertise who provide management of technical advisory services on a fixed-term or long term basis.
Individuals who perform all the work and keep all the profit. This includes everything from family-run stores, agents, repair persons, accountants, to physicians and lawyers. It can be a full-time job because no one else is involved. Deal-to-Dealers This includes highly knowledgeable business men engaged in various forms of trades frequently in directly or indirectly related lines of work. It is related to their existing or main line of business comes in specific transaction and may just be one-shot deal.
this group includes highly knowledgeable businessmen engaged in various forms of trades frequently in directly or indirectly related lines of work Team Builders Refer to those who go on to build larger companies using hiring and delegation can be regarded as another category. The best example of this is a skilled mechanist who after his apprenticeship opens his own small shop like vulcanizing shop. Refers to those who go on to build larger companies using hiring and delegation.
Independent Innovators Innovators: To begin or introduce (something new) for or as if for the first time. To begin or introduce something new. This refers to persons who hit upon ideas for better products or services and then create companies to develop, produce and sell them. Pattern Multiplier these are entrepreneurs who spot an effective business pattern originated by someone else, and multiplies it realize profit Economy-of-scale exploiters Those who benefit from a large volume of sales by offering discount prices and operating with very low overhead.
They locate their business in lower rent and tax areas and by reducing services, they are able reduce prices, thereby making competitors difficult to enter the market. Capital Aggregators They include smart entrepreneurs who pool a group of financiers to put together a business endear. Acquirers Those who acquire a going concern or start a new one. Those who take over a business started by somebody else and use their own ideas to make it successful. This often happens when there is a financial problem in the current operation. Fresh management ideas may save the business.
Independent Inventors Those with particular inventive abilities who design a better product and then create companies to develop produce and sell the item. High-technology companies of this type are a new trend. Buy-sell-artist Those who buy a company for the purpose of improving it so that they can sell it again for a profit. Apparent value manipulators They refer to those who acquire assets at a discount, representing them for a new use of market.