Page 1 - Lesson Note 4 TYPES OF ENTREPRENEURS AND INTRAPRENEURSHIP COMPETENCIES

ENTREPRENEURSHIP

CLASS- XI

Lesson Note - 4

CH-1: TOPIC – AN ENTREPRENEUR

SUB-TOPIC: - TYPES OF ENTREPRENEURS AND INTRAPRENEURSHIP,
COMPETENCIES

7. Professional Entrepreneurs:

Professional entrepreneurs make it their profession to establish
business enterprises with a purpose, to sell them once they are

established. He/she is always looking forward to develop alternative

projects by selling the running business. He/she is not interested in

managing operations of the business established by him. He/she is very

dynamic.

8. Motivation:

Based on their motivating factors, entrepreneurs can be classified into

three types such as spontaneous, induced and motivated
entrepreneurs.

(i) Spontaneous Entrepreneurs:

Spontaneous Entrepreneurs are otherwise known as pure

entrepreneurs, who are motivated by their desire for self-fulfillment

and to achieve or prove their excellence in job performance.

They undertake entrepreneurial activities for their personal satisfaction

in work, ego, or status. Their strength lies in their creative abilities.