-BY TUHINA CHAKRAVERTY

 According to the type of business

 According to the technology used
 According to the entrepreneur & motivation
 According to the growth of the entrepreneur
 According to the stages of development of
entrepreneurs
 Business Entrepreneurs- They are the individuals
who coincide an idea for a new product or service
and then create a business to materialize their
idea into reality. They may set up a big
establishment or a small business unit.
 Trading Entrepreneurs- They are those who
undertake trading activities and is not concerned
with the manual work. They identify potential
market demand for their product and create a
desire and interest among the buyers for their
product. They demonstrate their ability in
pushing many ideas ahead to promote their
business.
 Industrial Entrepreneurs- These are essentially
the manufacturers who identify the potential
needs of customers and produce products and
services to satisfy or to meet their needs. They
are product oriented men who start in an
industrial unit because of the possibility of
making some new product. These entrepreneurs
have the ability to convert economic resources
and technology into considerably profitable
venture.
 Corporate Entrepreneur- He is a person who
demonstrates his innovative skills in organising
and managing a corporate undertaking. A
corporate undertaking is a form of business
which is registered under some act which have
it’s separate legal entity.
 Agricultural Entrepreneurs- They are those who
undertake agricultural activities as raising
marketting crops, fertilizers and other inputs of
agriculture. They are motivated to raise
agricultural activities with the help of the
application of technologies.
 Technical Entrepreneurs- They are essentially
compared with craftsmen. They develop
improved quality of goods because of their
craftsmanship. They concentrate more on
production than marketing. They demonstrate
their innovative qualities and capabilities in
matters of the production of goods and
rendering of services.
 Non Technical Entrepreneurs- They are those
who are not concerned with the technical aspect
of the product in which they deal. They are
concerned only with developing alternative
marketing and distribution techniques and to
promote their business.
 Professional Entrepreneur- He is a person who is
interested in establishing a business but don’t
have interest in managing or operating once it is
established. A professional entrepreneur sells out
the running business and starts another business
with the same product. Such entrepreneurs are
dynamic and make new ideas to develop
alternative projects.
 Pure Entrepreneurs- A pure entrepreneur is an
individual who is motivated by psychological
economic rewards. He undertakes an
entrepreneurial activity for his personal
satisfaction in work, ego, status etc.
 Induced Entrepreneurs- They are the one who are
induced to take up an entrepreneurial task due to
the policy measures of the government that
provide assistance, incentives, concessions and
necessary overhead facilities to start a venture.
 Motivated Entrepreneurs- New entrepreneurs are
motivated by the desire for self fulfillment. They
come into being because of the possibility of
making and marketing some new products for
the use of consumers.
 Voluntary Entrepreneurs- They are the people
with initiative, boldness and confidence in their
abilities which activate them.
 Growth Entrepreneurs- They are those who
necessarily take up a high growth industry.
 Super Growth Entrepreneurs- They are those who
have shown huge growth of performance in their
ventures.
 First Generation Entrepreneurs- They are the
ones who start an industrial unit by their
innovative skills. They are essentially innovators,
combining different technologies to produce a
marketable product or service
 Modern Entrepreneurs- They are the ones who
undertake those ventures which go very well
along with the changing demand in the market.
 Classical Entrepreneurs- They are the ones who
are concerned with the customers and marketing
needs through the development of self
supporting venture. They are the ones who aim to
maximize their economic returns at a constant level
with the survival of the firm.