ENTREPRENEURSHIP

Detailed explanation-1: -An entrepreneur is his own boss, so he is independent to take decisions. As opposed to intrapreneur, who works for the organisation, he cannot take independent decisions.

Detailed explanation-2: -The main characteristics of an independent entrepreneur are the purpose of making profit, the financial risks, the extent of the business activity and the generality thereof, publicity, independence and risk of losing the invested capital.

Detailed explanation-3: -Traditionally, entrepreneurship is categorized into four main types: small businesses, scalable startups, large companies and social entrepreneurs. These models cover the fundamentals of starting a business and focus more on the company itself, rather than the qualities of the entrepreneur.

Detailed explanation-4: -There are three main types of entrepreneurs: The Creator, The Builder, and The Operator.

Detailed explanation-5: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)