Content of the Story
Some people have that ability to transform them ideas into income, It’s called entrepreneurship art. Here we are going to talk about that people. They have started businesses and are now in a good place and have learned a lot. You too can learn from their experiences and get inspired. There’s lot of people in India And this Tycoon Story helps to you for know about them.
What is Entrepreneurship :-
The Entrepreneur means is defined someone who has the ability of turn ideas into reality. Like start a startups or business adventure. This is also that which business already started but give a different name and with new ideas, like new invention.
Sources : Google
Also a turn your small home business into multinational company. It takes some guts for starting a new company because that’s need land, resources, capital. So its thing happen by who have a entrepreneur things, creativity and mind also needs a spirit for starting something new
Types of Entrepreneurship :-
There are 4 types.
1. Small Business Entrepreneurship:-
These businesses are like grocery stores, travel agents, consultants, plumbers, electricians, etc. These people run or own their own businesses and employ family members or local employees. For them, the profits will be enough to support their families and not a 10 crore business or industry. They fund their businesses by taking small business loans or loans from friends and family.
2. Scalable Startup Entrepreneurship :-
These start-up entrepreneurs start businesses knowing that their vision can change the world. They attract investors who think outside the box and encourage people who think outside the box. Research focuses on scalable business and experimental models, so they hire the best and brightest. They need more venture capital to fuel and support their project or business.
3. Large Company Entrepreneurship –
These huge companies have defined life-cycle. Most of these companies grow and sustain by offering new and innovative products that revolve around their main products. The change in technology, customer preferences, new competition, etc., build pressure for large companies to create an innovative product and sell it to the new set of customers in the new market. To cope with the rapid technological changes, the existing organization’s either buy innovation enterprises or attempt to construct the product internally.
4. Social Entrepreneurship :-
This type of entrepreneurship focuses on producing product and services that resolve social needs and problems. Their only motto and goal is to work for society and not make any profits.