ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The serial entrepreneur The serial type of entrepreneurship is someone who starts and leads one business after another. Although, it is also used for the small business entrepreneur who runs multiple businesses at the same time. By definition, the serial type has an entrepreneurial personality.

Detailed explanation-2: -A lifestyle entrepreneur is an individual who creates a business for the purpose of changing their lifestyle instead of making profits. This type of entrepreneur usually wants to create a business because they are passionate about it and believe that it will be personally rewarding for them.

Detailed explanation-3: -The skeptical entrepreneur This entrepreneur sees the success of others and immediately starts to question it. They examine that person’s business and looks for the “lucky” breaks, or inheritance they think that successful entrepreneur received.

Detailed explanation-4: -Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions. They take these ideas and turn them into business ventures. They often aim to change the way people live for the better. Innovators tend to be very motivated and passionate people.