The types of Entrepreneurs are:

1. Innovative Entrepreneurs 
2. Imitating Entrepreneurs 
3. Fabian Entrepreneurs 
4. Drone Entrepreneurs
5. Social Entrepreneurs
6. Agricultural Entrepreneur  

 Types of Entrepreneurs are explained below;

1. Innovative Entrepreneurs 

These entrepreneurs have the ability to think newer,

better and more economical ideas of business organisation and management. They are

the business leaders and contributors to the economic development of a country.


2. Imitating Entrepreneurs 

These entrepreneurs are people who follow the path

shown by innovative entrepreneurs. They imitate innovative entrepreneurs because

the environment in which they operate is such that it does not permit them to have

creative and innovative ideas on their own. In our country also, a large number of

such entrepreneurs are found in every field of business activity. Development of small

shopping complexes is the work of imitating entrepreneurs. All the small car

manufacturers now are the imitating entrepreneurs.


3. Fabian Entrepreneurs 

Fabian entrepreneurs are those individuals who do not show

initiative in visualising and implementing new ideas and innovations. On the contrary,

they like to wait for some development, which would motivate them to initiate unless

there is an imminent threat to their very existence.


4. Drone Entrepreneurs 

Drone entrepreneurs are those individuals who are satisfied

with the existing mode and speed of business activity and show no inclination in

gaining market leadership. In other words, drone entrepreneurs are ‘even ready to

suffer the loss of business.


5. Social Entrepreneurs 

 Social entrepreneurs drive social innovation and

transformation in various fields including education, health, human rights, workers’

rights, environment and enterprise development.


6. Agricultural Entrepreneur 

The entrepreneurs who undertake agricultural pursuits

are called Agricultural Entrepreneurs. They cover a wide spectrum of agricultural

activities like cultivation, marketing of agricultural produce, irrigation, mechanization

and technology.


7. Trading Entrepreneur 

As the name itself suggests, the trading entrepreneur

undertakes the trading activities. He/she procures the finished products from the

manufacturers and sells these to the customers directly or through a retailer. These

serve as the middlemen as wholesalers, dealers, and retailers between the

manufacturers and customers.


8. Manufacturing Entrepreneur 

The manufacturing entrepreneurs manufacture

products. They identify the needs of the customers and, then, explore the resources

and technology to be used to manufacture the products to satisfy the customers’

needs.


Concept of entrepreneurship

Entrepreneurship includes all those activities required to start an enterprise. It

includes the process involved in making the enterprise successful. It is an activity

which involves analyzing the environment for identifying opportunities and

exploiting them into profitable ventures.

According to A.H Cole, “Entrepreneurship is the purposeful activity of an

individual or group of associated individuals, undertaken to initiate, maintain or

aggrandize profit by production or distribution of economic goods or services.”