The Eight Types of Entrepreneurship (& Companies That Exemplify Them)
Entrepreneurship is the process of starting a business or building upon an existing one. The goal of entrepreneurial processes can be to make a profit, make a meaningful impact on society, contribute to social good, or combine the two.
The process can be risky and uncertain, requires long-term determination and persistence, and, often, acceptance of failure. Despite this, many people set out to be entrepreneurs as successful ventures can improve lives, change the world, and contribute to overall feelings of personal success.
While you may associate entrepreneurship with cut-throat venture capitalists, there are various reasons and end goals that inspire people to set out on an entrepreneurial journey. In this post, we’ll discuss eight different types of entrepreneurship and give examples of businesses that expertly model each category.