ENTREPRENEURSHIP

Detailed explanation-1: -These are often disparagingly referred to as ‘copy cats’. They observe an existing successful system and replicate it in a manner where all the deficiencies of the original business model are addressed and all its efficiencies are retained.

Detailed explanation-2: -Imitator entrepreneurship Imitators are entrepreneurs who use others’ business ideas as inspiration, but work to improve them. They are a combination between an innovator and a hustler and are looking to make certain products and services better and more profitable.

Detailed explanation-3: -Imitator entrepreneurship Imitators are entrepreneurs who use others’ business ideas as inspiration but work to improve them. They look to make certain products and services better and more profitable.

Detailed explanation-4: -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)