What are types of Entrepreneur on the basis of ownership?
Classification on the Basis of Ownership:
a. Founder or "Pure Entrepreneurs": Such individuals who are the founder of the organisation. They are the ones who conceptualize a business plan and after that put into efforts to create the plan a success.
b. Second-generation operators of owned-family business: They are particular who have inherited the business through their fathers and forefathers.
c. Franchisees: This is a way of doing business in which the parent owner licenses his trademarks as well as tried and proves ways of doing business to a franchisee into exchange for a recurring payment.
d. Owner-Manager: While a person buys a business through the founder and then invests his time and resources into it he is termed as the owner-manager.