Entrepreneurs

The Different Entrepreneur Types

Every Entrepreneur is a different individual, every venture leads to a different outcome
The Different Entrepreneur Types
Image credit: Shutterstock.com
Contributor
Co-Founder at Lifeasy
3 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

By its very nature, Entrepreneurship is a game of chance. An individual places tremendous faith in a product or idea and starts on uncharted waters by investing his personal wealth, eventually supported by people who see mettle in the idea. The Entrepreneur then develops the idea further and hopes, in equal measure successfully or unsuccessfully, to make the product into a complete success.

While the goal is the same, not all entrepreneurial ventures follow the same path. By virtue of personal qualities, an Entrepreneur works his way to make the venture into a success. These are the different kinds of Entrepreneurs and how they go about in making their ventures successful.

  • The Creators

These are the long-haul variety. They have a tremendous desire to have a scalable model with which they slog for the first couple of years in developing the required infrastructure. They aren’t driven with wealth or goodwill goals, but a sincere hunger of going further than the math says. Expert hunters for talent, investors & customers, the Creators keep a personal check on all activities in the organization. Shifting personalities and controlling temperaments are hallmarks of the Creators.

  • The Seers

These are the ones who know the markets and read trends very well. They are supremely talented in finding unseen opportunities and then building the required ecosystem to take the model up several notches, aided with a personal flair for positioning. They measure successes in incomes both residual & renewal, making them impulsive decision makers. They know exactly when to latch onto an opportunity and when to let go.

  • The Scholars

These are the educated & trained lots, who study & analyse a subject well, before giving their all for an untapped need- and that is also limited to set goals. Very risk-averse, the Scholars spend a lot of their efforts on developing the product/idea. And once they hit their personal goals, they shift to service & renewal models. To them a product can only stretch till a particular niche and cannot be tailored to different need segments. These are setups, which most often get picked up by the Look-Outs and the Scholars.

  • The Pioneers

These are extreme specialists. They start with something they love, which then gets propped as an Entrepreneurial opportunity. They simply do what they love doing. They are always making the product better, improving the user experience and adding in more touch-points where they think an impact can be made. To a Trailblazer, running a business and developing the product are entirely separate entities. They would be more fruitful in the development teams than at the business end of the spectrum. Their definition of wealth & profits are the impacts their products have on the social & psychological structure, rather than balance sheets.

Because every Entrepreneur is a different individual, every venture leads to a different outcome. Where a Facebook or a Tesla impacts social structure and conditioning, an Apple impacts the physical environment of a user. Similarly, where a Virgin leads to flamboyance in the product delivery, a Tata leads to a long-term association with the user. While it is not difficult to identify what type an Entrepreneur is, it is very important what kind of an Entrepreneur would you want to be when you strike on the path.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

India's Documentary Filmmakers are Eyeing Crowd Funding to Experiment with Bold Subjects