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What are the various types of entrepreneurship that you can jump into in India?

Besides the above classification, there are some other categories of entrepreneurs. These are:

i. Individual entrepreneur.

ii. Institutional entrepreneur

iii. Entrepreneur by inheritance

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iv. Forced entrepreneurs

v. Industrial entrepreneurs

vi. Corporate entrepreneurs

vii. Agricultural entrepreneurs

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viii. Motivated entrepreneurs

ix. Professional entrepreneurs.

i. Individual Entrepreneur:

Individual entrepreneur denotes a type of entrepreneurs who set up an enterprise, adopt latest techniques, arranges finance and takes up all sorts of risks with a view to earn profit. It is found in small scale industrial enterprises.

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ii. Institutional Entrepreneur:

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These are a type of entrepreneurs who inherit the business of family through inheritance. As these categories of entrepreneurs inherit family business, these are sometimes called as second generation entrepreneurs.

iii. Entrepreneur by Inheritance:

These are a type of entrepreneurs who inherit the business of family through inheritance. As these categories of entrepreneurs inherit family business, these are sometimes called as second generation entrepreneurs.

iv. Forced Entrepreneurs:

Sometimes circumstances compel some persons to become entrepreneurs. These entrepreneurs are called as forced entrepreneurs. Forced entrepreneurs are not successful because lack of proper training and understanding.

v. Industrial Entrepreneurs:

A taupe of entrepreneurs who estimates customers need and desire and undertakes production work to cater their needs, are called Industrial entrepreneurs.

vi. Corporate Entrepreneurs:

A type of entrepreneur who promotes corporation having separate legal entity is called as industrial entrepreneur.

vii. Agricultural Entrepreneur:

A type of entrepreneur engaged in the process of raising crops, marketing crops, fertilizers and other inputs of agriculture is called as agricultural entrepreneur.

viii. Motivated Entrepreneurs:

A type of entrepreneur motivated by government or other non-government agencies are called motivated entrepreneurs.

ix. Professional Entrepreneurs:

A type of entrepreneur who makes entrepreneurship as a profession. They develop a business is called as agricultural as profession.

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