Types of Entrepreneurs
Innovative Entrepreneurs:
Focus on creating new products, services, or technologies. Ritesh
Agarwal of OYO Rooms is an example of an innovative entrepreneur who disrupted
the hospitality industry.
Imitative Entrepreneurs:
These entrepreneurs replicate existing business models in
new markets, like Snapdeal, founded by Kunal Bahl and Rohit Bansal, which
modeled itself after international e-commerce platforms.
Fabian Entrepreneurs:
Cautious and risk-averse, family-owned businesses in
traditional sectors like textiles or agriculture might resist adopting new
technologies until absolutely necessary.
Drone Entrepreneurs:
These entrepreneurs resist change and stick to traditional
methods. Some local businesses in small towns might still operate without
adopting modern technology or business practices.
Social Entrepreneurs:
Driven by a desire to solve social problems, Selco India,
founded by Harish Hande, provides solar energy solutions to underserved
communities in rural India.
Serial Entrepreneurs:
Continuously start new businesses. Ronnie Screwvala, who
founded UTV and later UpGrad, exemplifies a serial entrepreneur in India.
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