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4.2.8 Professional Entrepreneurs

            A professional entrepreneur is a person whose sole aim of starting a business is to sell their business to another person
            and venture into another. They do this by beginning a business, developing it, bringing it to a point where it can sustain
            itself on its own, and then selling it.

            4.2.9 it Entrepreneurs

            They are the ones who practise entrepreneurship in the field of Information Technology (IT). The only difference
            between technical entrepreneurs and IT entrepreneurs is that technical entrepreneurs work in a field that involves
            machines and electronics, while IT entrepreneurs work exclusively in the field of IT.

            4.2.10 Women Entrepreneurs
            When women start their own businesses, they are referred to as “women entrepreneurs.” These days, many women
            are taking up entrepreneurship, and many have succeeded. The most famous ‘woman entrepreneur’ in the world is
            Oprah Winfrey, whose net worth is around $2.6 billion.

            4.2.11 Social Entrepreneurs

            They are the ones who create and provide community-based solutions, hence they are called social entrepreneurs.
            Another term that can be used interchangeably for social entrepreneurs is “social innovators.”
            4.2.12 Family business Entrepreneurs

            They are the ones who effectively operate a family business before passing it on to the next generation. “Family
            business entrepreneurs” is the name given to these types of businesses. The person who inherits the family firm can
            then use the latest and most innovative technologies to develop the inherited company.

            4.2.13 First-Generation Entrepreneurs
            They are, as the name implies, the first person in their family to become an entrepreneur and do not have any entrepreneurial
            experience. A person who is 50 years old and starts a business is referred to as a first-generation entrepreneur, whereas
            someone who is 17 years old and starts his or her own firm is also referred to as a first-generation entrepreneur. They are
            usually not backed by their family because no one in the family has prior business expertise.

              4.3 RoLES AND fUNCTIoNS of AN ENTREPRENEUR

            Role and functions of an entrepreneur are as follows:

                                                                    Identifying
                                            Building Strategic    Entrepreneurial
                                              Partnership         Opportunities

                                       Growth and                                Forecasting
                                      Development                             Business Changes

                                  Managing the              roles and             Turning Ideas
                                    Enterprise              Functions              into Action

                                       Setting up an                                Feasibility
                                        enterprise         Resourcing                 Study


            Ð ÐIdentifying entrepreneurial opportunities: As we all know, the market is full of opportunities. However, the average
              person is unaware of this potential. An entrepreneur can perceive this promptly. An entrepreneur must be vigilant
              at all times to achieve this. As a result, anyone who desires to be a great entrepreneur must possess creative,
              imaginative, and innovative abilities.
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