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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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