Financial economics types of entrepreneurship


 Types of entrepreneurship

A businessman is known as a person who works independently or for others, as his business involves innovation and leadership. He uses a specific idea to develop and manage the company, in addition to taking many risks to achieve success. Among the most famous types of entrepreneurship are the following: [1]


Small enterprises: These projects include small shops and local business owners, and can also include partnerships between people, small companies of the owner himself, and limited liability companies, as any business with less than 500 employees is considered a small business.

Home projects: These projects are run from home instead of offices or companies, and although they are managed from home, they can compete with large companies, as most large companies started from home.

Online business: Businesses that are run over the Internet are tracked to small, home, or large companies, but what distinguishes them is that they are mainly operated via the Internet, and include e-commerce companies, or bloggers, as well as any other companies that do their business online. .

Invention: An inventor is considered a pioneer for businesses when working on his idea, making his product and marketing it.

Chain Entrepreneurship: In this type of entrepreneurship, entrepreneurs start building a business, then selling it to launch a new idea; This is because they do not want to manage it continuously, and many companies are mixed simultaneously, which enables them to obtain multiple sources of income.

Lifestyle-based entrepreneurship: This type of entrepreneurship has gained its popularity through the development of technology, the Internet, and the global economy, as entrepreneurs in this type build companies that are compatible with their interests, passions, and goals in life.

Entrepreneurial concept

Entrepreneurship is defined as the ability and desire to develop, organize, and manage business and risk projects in order to achieve profits, start new businesses using land, natural resources, capital, and work hard, as entrepreneurship is characterized by innovation and taking risks, It is an essential part of the success of any country in the global markets that are constantly changing and increasing competition in them. [2]


Elements of successful entrepreneurship

There are many elements that a person must have in order to become a successful entrepreneur, the most important of which are the following: [3]


Ensuring financial stability.

Developing and building a diverse set of skills.

Build a variety of project-related content in the form of books or lectures, and publish them through multiple channels.

Identifying problems and being able to solve them.

Solve business problems.

References

↑ RANDY DUERMYER (29-3-2019), “What is an Entrepreneur?” Www.thebalancesmb.com, Retrieved 1-6-2019. Edited.

"Entrepreneurship", www.businessdictionary.com,

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