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Entrepreneurs in Industry
An industrial entrepreneur is simply a manufacturer who recognises client requirements and develops products or
services to meet those demands. Such an entrepreneur is product-oriented, beginning with an industrial unit to generate
a product, such as an electronic industry, textile unit, machine tools, manufacturing unit, and so on.
Agricultural Entrepreneurs
Agriculture has historically been regarded as a low-yielding business. Agriculturists have lately adopted new and
innovative technology to maximise productivity resulting in the emergence of agriculture entrepreneurship.
Entrepreneurs in Technology
The Industrial Revolution gave rise to technical entrepreneurs, who use their technical knowledge to develop and sell
equipment, tools, and processes. They are continually innovating in order to make industrial processes more seamless
and efficient. Technical entrepreneurs innovate by applying their technical knowledge and abilities.
Non-technical Entrepreneurs
These entrepreneurs establish a market for technical entrepreneurs by leveraging their skills in providing services. Their
expertise is in non-technical aspects of a product or service, i.e., they are not concerned with the manufacturing process
but rather with what happens before and after it.
Professional Entrepreneurs
Such an entrepreneur establishes a business, nurtures it and sees it through to self-sufficiency. When the project reaches
that point, the entrepreneur sells the company and begins a new one, repeating the cycle.
Entrepreneurs in Information Technology
IT entrepreneurs are those who pursue entrepreneurship in the realm of information technology (IT). The distinction
between IT entrepreneurs and technical entrepreneurs is that the latter operate in the fields of electronics, mechanical
devices, and even civil engineering, whereas IT entrepreneurs are limited to innovation in the field of information
technology.
Women Entrepreneurs
As the term implies, women entrepreneurs are those women who start their own businesses. A growing number of
female entrepreneurs are taking the initiative to create their own businesses, and many of them have made it to the
top.
Social Entrepreneurs
Social entrepreneurs are those who focus on generating solutions that benefit society. They create, fund, and execute
solutions for the society, culture, and environment. The terms "social innovator" and "social entrepreneur" are used
interchangeably.
Entrepreneurs from a Family Business
When a family or a person successfully operates a business and passes it down to the next generation, such entrepreneur
is referred to as a family business entrepreneur. The individual to whom the business or the operation of an enterprise is
passed over is not the first-generation entrepreneur. The individual continues to carry out all inherited entrepreneurial
operations in the same manner or brings specific technology upgrades to the existing technique and approach of the
family business.
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