What are the types of Entrepreneur on the basis of Personality Traits?
Classifications onto the basis of Personality Traits as well as their style of running the business are as follows:
(1) The Achiever: Such types of entrepreneurs have personal requirements to excel. The only drive which pushes them is the wish to get something into life, the desire to create a mark within society, the need to prove their excellence. They do not require any external stimulus nevertheless is self-driven.
(2) The Induced Entrepreneur: Such types of entrepreneurs are induced through some external factors to begin a business. The outside factors could be as: Government Policies, Family Support, Unemployment and Facilitating Institutional Support etc.
(3) The thought Generator: These classifications of entrepreneurs are highly inventive people who are always in search of innovative thoughts for setting up latest business ventures. They get pleasure from the First Movers’ Advantage and are capable to skim higher profits through the market.
(4) The Real Manager: The real managers run the business within a systematic manner. They investigate business situation, assess the future demands, both in terms of opportunities and dangers and after that take actions based onto the above assessments.
(5) The Real Achievers: The real achievers are filled of life. They are seeking the achievement of not still their goals but also of people related with themselves as distributors, suppliers and employees.