1. Private Entrepreneur
A person who starts and manages a business alone
No government involvement
Takes all the risk
Enjoys all the profit
2. Public Entrepreneur
The government runs the business
Government takes the risk and cost
Benefits are shared with the public (people)
3. Mixed / Joint Entrepreneur
Business is run by both private person + government
Private gives skills and ideas
Government gives money/support
1. Innovating Entrepreneurs
Create new ideas and solutions
Introduce new products, technology, or methods
Think out of the box
2. Imitative Entrepreneurs
Copy successful ideas of others
Do not create new ideas
Example: making similar products like existing ones
3. Fabian Entrepreneurs
Slow to change
Doubt new ideas
Change only when they have no other choice
4. Drone Entrepreneurs
Do not like change at all
Stick to old methods even if they face losses
Very traditional and rigid
1. First Gen Entrepreneurs
Start a business from zero
Do not take any family business
Called new/initiator entrepreneurs
2. Next Gen Entrepreneurs
Continue family business
Do not start from zero
Must improve and grow the business
3. Classical Entrepreneurs
Focus on profit and customers
Want steady income from business
Growth is not the main goal