Monday, September 15, 2008

Which Types of Entrepreneur are you?

Team Player
A group that consist of several people, one person is the entrepreneur and the leader, two to four team players join together in a startup. The roles of team player such as provide needed interaction, share the personal financial exposure, and lessen the workload. So, lone entrepreneur or franchise team playing? The differences between those are trading off pain (risk) for gain (success). Franchising has less risk, easier to manage, however the gain are not spectacular compare to non-franchise startup.

Inventor
Entrepreneur who invents first-time products, if it’s a successful innovation there will be a significant competitive advantage. Somehow they have lack of business background but it’s not a roadblock.

Nicher
The nicher will develop product that specially design for small crevice, also fits in the small-time segment.

Exploiter
Entrepreneur who is exploiting markets segment opportunity. They are important for to the success of a startup.

Builder
The builder will build a concept which has a long way to go. They also thrives on incremental & positive growth.

Intrapreneur
Someone inside the company who discover niche opportunities & jumping to exploit to those segment. This entrepreneurial strategy works well for many firms but also there is a danger that the key employee will leave & start a company to fill the market segment.

Turnarounder
Someone whom might not seem like an entrepreneur type, they are ruthless and their objective is to save a corporate life by reversing a negative cash flow and to apply cash, planning and resources.

The type of entrepreneurs above are nothing without goodwill of a person to pursue it and try to focus starting new venture. Motivation, commitment and focus are the three important concepts to be a successful entrepreneurs. Whatever the type of entrepreneur you choose, I believe everyone is born as an entrepreneur. Thus, Don’t just wait and see other success people but try to build confidence and bravery to do that job. No Risk.. No Gain ! Windows opportunity don’t open for several time, so go for it!

Sources:
Banfe, Charles (1991). Enterpreneur From Zero To Hero. New York: Van Nostrand Reinhold.

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