Prodigies often have little formal business training but exercise an inborn instinct for where to go and what to do next. Prodigies, as the name suggests, use their innate intelligence and high degree of emotional stability to challenge the status quo and innovate large swaths of the business world. Paris Hilton - model, actress, singer, and DJ - is a Financier. Because of this, most of the day-to-day is performed behind the scenes by the professionals whom the Financier appoints. They may be experts at creating a personal brand (and will typically have their fingers in many pies), but they usually don’t have much formal business training or knowledge. They often come from a wealthy family but have parlayed that wealth into multiple lucrative ventures. 5) Financierįinanciers are the money behind the success. Larry Page, Co-founder and CEO of Alphabet, Inc., is an Innovator. For Innovators, it’s all about patterns and how they can lead to progress. Yes, they want to innovate their industry (or the world), but underneath it all, they want to create a legacy.īecause of that, they often have a strong personal drive, even if they are sometimes lazy and obsessive (which isn’t as bad as it sounds). These types of entrepreneurs are the leaders, the go-getters, the perfectionists. Mark Zuckerberg, Co-founder, Chairman, and CEO of Facebook, is an Imitator. Imitators take what is already working, make it more appealing (through innovation or iteration), and build a product or service around it.Įven though Imitators have an extraordinary ability to revolutionize existing ideas, they tend to do things on their own terms and are willing to take risks to make their vision real. And that’s certainly the case with these types of entrepreneurs. Imitation is the sincerest form of flattery. Mary Kay Ash, founder of Mary Kay Cosmetics, was this type of entrepreneur. Hustlers recognize the value of networking and use it to create their own opportunities rather than waiting for the right circumstances to fall in their lap. Hustlers dream big (sometimes ridiculously so), aren’t afraid to take risks, and work hard every day to make those dreams a reality. There are many negative definitions of the word “hustler,” but in the business world, being called this type of entrepreneur is a compliment. Warren Buffett, Chairman and CEO of Berkshire Hathaway, is this type of entrepreneur. They typically have experience running a successful business (or businesses) and are now looking to expand their portfolio with new and original opportunities.īuyers often (but not always) focus on acquiring a business that already has a solid foundation rather than building one from the ground up. 10 Types Of Entrepreneurs 1) Buyerīuyers are entrepreneurs who have been there, done that and have the deep pockets to show for it. But, by and large, the 10 types of entrepreneurs cover all the different ways that business people work. It all has to do with personality and the type of entrepreneur they tend to be. Why is this person more laid back? Why is this one more of a hard-charger? And why does this one do so much research before making a decision? If you work with entrepreneurs on a daily basis, learning about the different types of entrepreneurs gives you insight into their strengths, weaknesses, behavior, and motivation.
Identifying those skills and putting a name to your entrepreneurship gives you the opportunity to hone your talents, overcome your weaknesses, and understand exactly how you’re meant to work.
THE GO GETTERS TAB PROFESSIONAL
The Latin phrase temet nosce admonishes you to “know thyself.” This is good advice, not just from a philosophical standpoint but from a professional standpoint as well.Įach type of entrepreneur on this list has its own skill set - traits for which they are more disposed. Here are the two main reasons you should take these types to heart. Learning about the different types of entrepreneurs can contribute to your success in business just like learning about the different personality types can help you interact with people. Why Learn About The Different Types Of Entrepreneurs? In this article, we’ll discuss why knowing entrepreneur types is important and reveal the 10 types of entrepreneurs that you’re likely to come in contact with on your own journey. If you’re a business person (or want to be one someday), it’s essential to understand the types of entrepreneurs that people the business world.
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