Perhaps it is due to the fragile state of the economy worldwide, the rise of pursuing our dreams and living from what we like to do the most or simply because we enjoy independent work, the fact is that every day the number of entrepreneurships is unimaginable. that are presented to the world, in addition to thousands of people who wish to have one. Being an entrepreneur has become the new way to do business.
Which is currently gaining great relevance and this is the reason why it has suffered so many subdivisions. Today there are various types of economic ventures , these go beyond the size or area of development, each one includes a large number of characteristics that make them stand out, however, they all have the same common objective: the desire to innovate and solve customer problems.
Grace Of Entrepreneurship
Do you know the types of entrepreneurship is the grace of entrepreneurship, everyone can stand out in what they are most passionate about and give life to their creativity. If we want to participate in the Latin American market , then we are in the perfect time to undertake, since according to a study carried out by the OECD entitled “Startup Latin America: Building an innovative future”, entrepreneurship and innovation are gaining more and more strength. and recognition.
It is for this reason that we will provide all the information related to the different types of ventures, the 9 types of entrepreneurs that exist and what could be the special ingredient in each one to achieve our goals and without the need to search Google for ” types of entrepreneurship Wikipedia ”
What is an entrepreneurship?
The term comes from the French word entrepreneur , which means “pioneer”, it refers to the ability of a person to achieve a goal, making an extra effort to achieve it. Although currently, we use the word to refer to new businesses, projects or companies, which people start under their own direction, calling their founders “entrepreneurs”.
Currently, thanks to the rise of entrepreneurship, many economic entities or governments have made the decision to financially support people who decide to take this initiative, considering the base of the orange economy or creative economy as an example. Now that we Do you know the types of entrepreneurship is, let’s get to know the types that exist:
12 types of economic entrepreneurship and their characteristics
Do you know the types of entrepreneurship abilities, goals and desires of the vast majority of people are usually different and therefore, when they decide to create their own business, they are usually completely different from each other. Taking into account its most relevant characteristics, we could group the types of entrepreneurship into 3 large groups: by size, innovation or by its entrepreneur:
a) According to its size
Do you know the types of entrepreneurship they can go from a small business at home , to a cluster in Silicon Valley; this distinction is produced by the sizes they have. We can say that they would be:
Small ventures
Also known as “small businesses,” these are owner-managed businesses that typically have a small number of employees. Small businesses are the ones that we can normally see in our cities, such as: hairdressers, grocery stores, artisan bakeries, carpentry, among others. Some of its features:
Scalable ventures
Also known as “scalable companies”, they are designed to achieve high levels of growth. The purpose of this type of venture is not only to cover the economic needs of its owner, but also aims at innovation and strategies to obtain greater benefits. Its main source of development is in the area of technological innovation, aiming at the development of electronic devices, technology and software, among others. Some of the characteristics that distinguish it are:
Mirror ventures
Although there is nothing innovative about imitating a product or service that already exists (and that, moreover, is successful in the market). Normally, these new products imitate the most relevant aspects of successful products, with the addition of small innovative aspects that allow consumers to prefer them. Characterized:
- Generally, they are developed through franchises.
- The entrepreneur buys a brand license, copying its business model and only making a few small improvements to stand out from his peers.
c) According to the entrepreneur
As we just mentioned, each person is different and the way in which you run your business will determine the types of these that exist. They comprise large companies that have a limited life cycle. In order for a large enterprise to continue to survive and grow, it must have constant innovation in its products or services. New technologies, the ephemeral and changing tastes of customers, new trends and innovation from the competition, force large enterprises to reformulate their criteria in order to stay afloat. Its most relevant characteristic is:
- To be successful, you must be in a continuous process of innovation and research of changes in the market.
Social ventures
Mostly known as “social organizations”, they are enterprises whose objective is not to generate large sums of money or enter the market, but rather to contribute to social development and generate a positive impact in the world. Features that set it apart from the rest:
- Generally, they are non-profit companies.
- Commonly the type of social entrepreneurship are link to innovation and development in the field of the environment, human right, health and education.
b) According to the level of innovation
Do you know the types of entrepreneurship feature has not gone unnoticed by entrepreneurs who want to enter the market, standing out from the rest; Let us know below the types of ventures in this category:
Innovative ventures
They are call that if their base is focus on research and development as a way of innovating to improve a product or service. Currently, consumers constantly seek to solve problems or look for items that make their daily life easier, for this reason innovative ventures seek to solve problems that afflict their target audience and will have their place in the market guaranteed. Some of its most outstanding features are:
- They are usually related to science and technology.
- They require a lot of capital to be able to develop their research processes and to build models of their products.
Opportunistic ventures
These ventures arise from a specific and urgent need, at a certain time. To be successful the entrepreneur must be able to have a great vision of what people need. As well as to develop and execute an economic model that works to satisfy the needs of the market. Its main features are:
- They are emergent, they are born when the opportunity knocks on the door.
- They require great sensitivity on the part of the entrepreneur, to detect what consumers need at that precise moment.
Incubator ventures
Contrary to opportunists, incubators are created after a long research and development process. I feel their main objective is to satisfy the permanent or recurring needs of the market. The reason why they have a long investigative process, to generate enough data to allow them to know if the idea will give the desired results. In turn, the owners can anticipate what the results will be like when applying certain processes or strategies. Its most relevant characteristics are:
Mirror ventures
Although there is nothing innovative about imitating a product or service that already exists (and that, moreover, is successful in the market). Normally, these new products imitate the most relevant aspects of successful products, with the addition of small innovative aspects that allow consumers to prefer them. Characterized:
- Generally, they are developed through franchises.
- The entrepreneur buys a brand license, copying its business model and only making a few small improvements to stand out from his peers.
c) According to the entrepreneur
As we just mentioned, each person is different and the way in which you run your business will determine the types of these that exist.
