BE AN ENTREPRENEUR – A SERIES
This is a series to enlighten aspiring entrepreneurs about the opportunities and scope as an employer and bud themselves as successful entrepreneurs. The outline of the series may be sketched as:
Part – 1: Types of Entrepreneurs.
Part – 2: Why to become an Entrepreneur?
Part – 3: Am I fit into the groove of an Entrepreneur?
Part – 4: Types of business entities and Registration Procedure
Part – 5: Statutory registrations
Part – 6: Funding
Part – 7: Intellectual Property
Part – 8: Legal Compliance
Part – 9: Material Sourcing and Digital Age Marketing
Types of entrepreneurship
The broaderarbitrary classification of entrepreneurship as follows:
i. Individual
This type of enterprises are setup by individuals who generally adopt latest techniques, arranges finance and takes up all sorts of risks with a view to earn profit. It is found in small scale industrial enterprises.
ii. Entrepreneur by inheritance
These are a type of entrepreneurs who inherit the business of family through inheritance. As these categories of entrepreneurs inherit family business, these are sometimes called as second generation entrepreneurs.