Entrepreneur Venture

Different Types of Entrepreneurial Ventures

Starting a new business and running it successfully with taking risk is called entrepreneurship. There are 4 categories of entrepreneurship available. Here are they:

Small Business

Small business is the major entrepreneurial venture in any country. In U.S. 99.7 businesses are small business and they own the 50% of non-govt. workers. As the business is small its profit is also small. Anyone can easily build a small business because it needs a small amount of capital. A person can barely live and support his family by running a small business profitably. There are many kinds of small business such as grocery shop, pharmacy, cycle repairing shop, electronic device repairing shop etc. 

We can see small business everywhere. Most of the people are involved in small business. A person can appoint an assistant or some few employees for helping in the business.

Scalable Start-ups

In this business the entrepreneur takes high risks and make more profit. They believe that their business can change the world. The hire the best employees to work in there company. They also search for investors to start their business. There are also some investors who are interested to take high risks. Together they make a strong team and start their business. Facebook, Instagram, Online shopping platforms are among this business Categories.

Company Entrepreneurship

Company entrepreneur is a large business. In this business the entrepreneur needs to make new ideas, create new products and needs to go with the trend. They needs to take customer survey and make the customer satisfied. They needs to come up with new marketing idea. Needs to keep updating the product because every product has a lifecycle. If they did not update the product the product will lost its value. It is hard to create new ideas regularly and many kinds of obstacles comes so the entrepreneur needs to become hard worker. The examples of Large Companies are Google, Huawei, and Microsoft etc.

Social Entrepreneurship

Social entrepreneurship business basically is made for solving social issues. The inventor of this business is Dr. Muhammad Yunus. The products of social business are create, sell and buy for social development and solving social problems. Their target is not making the profit but making the earth a livable place. Safepoint Trust is a social business.