What type of entrepreneur are you?!?
Starting out in business I didn’t know what to do except create/build/grow, then sell, sell, sell. I didn’t even know there were different types of business owners and no one in my little town of Ringgold, Virginia was calling business owners entrepreneurs. Though I’ve been learning about business for the last 25 years, it was only about 10 years ago when I realized all of the opportunities there were in the entrepreneurial and startup space. Let’s talk about the four types of entrepreneurs I run into often.
Starting Pitcher
First up to the plate, the starting pitcher! Starting Pitchers create and launch startups. Once has gained traction and starts growing, they sell it and move on to the next venture. This is your typical serial entrepreneur (which is more commonly heard than starting pitcher). You know these people, Sir Richard Branson, Elon Musk and Oprah Winfrey are some of my favorites!
Professional Entrepreneur
Next, professional entrepreneurs stick with the venture from startup through its lifecycle. Even if you’re young in your startup, a professional entrepreneur will need to develop an array of management skills to run and scale the business. Think of Mark Zuckerberg who has run Facebook since 2004.
Hybrid Entrepreneur
I considered myself at this stage in my life, a hybrid entrepreneur. Hybrid entrepreneurs are both starting pitchers and professional entrepreneurs. When I thought about some famous hybrid entrepreneurs, I immediately thought of Gary Vee and Jeff Bezos.
These hybrid entrepreneurs can also be an entrepreneur who also has a 9-5 job and a startup. Thinking of some of these entrepreneurs who started with a 9-5 job and ran a business at the same time, some became millionaires and billionaires. Consider Mark Cuban, J.K. Rowling, Harrison Ford, and even Ray Crock.
Lifestyle Entrepreneur
Last but certainly note least, we have lifestyle entrepreneurs. Lifestyle entrepreneurs are those who create a business in order to drastically change their lifestyle. In a world where technology is easily accessible many of these entrepreneurs work to create a social brand and multiple streams of income to build their business. Others run some type of venture fund. In my opinion, they live the good life. They can do their business from anywhere, they can pivot fairly quickly, and receive a lot of passive income in the process. Yes, these people are entrepreneurs too and they learn to capitalize from what they are good at.
Now, which type of entrepreneur or you? More importantly, which type of entrepreneur do you want to be. These don’t have to be mutually exclusive answers. Knowing what type of entrepreneur you are leads to how you best start and grow your business. It helps you build the strategy and roadmap for your personal success. I hope you all can learn which of these type of entrepreneurs you want to be and work toward your goals!
Until next time, and remember, “Knowing yourself is the beginning of all wisdom”
I would like to be a Lifestyle entrepreneur, because I consider that a good way to live. For example in my case I really like coffee so I will enjoy a lot being an owner of a café. Another alternative could be teaching, because I like giving my knowledge to other people.
Taking that into account a good idea for a business for me could be a café or a platform to teach.
If you ask me, I consider myself as a hybrid entrepreneur, due to the fact that I don´t like to be too much in an side or in the other, I prefer to work on the things I do and also take some risks. However it is better for me to do everything carefuly and develop skills to run my business
I consider that I am an entrepreneur two facets: Professional entrepreneur and Lifestyle entrepreneur. For my, it is essential to create loyalty in the business, because the hard work and success They go hand in hand, providing unmatched satisfaction.
Also, in the past, I had the chance to venture into the world of electronic commerce, through of online store on the Markeplace Facebook
platform. Although I was in firsts stages I
experienced promising growth. However, unfortunately my association with my uncle, who don’t share the same dedication to the business it led to make the difficult decision to leave to take on full-time employment.
Nevertheless, I keep the desire to resume my entrepreneurship online sale in the future, this time reconciling it with my current job to diversify my sources of earnings.
I definitely consider my self as a hybrid entrepreneur working from 8 – 5 but at the same time star a business in the way to have a different sources of income, having something “safe” that let me invest in a new business. I definitely dream having a restaurant but nowadays with AI I became more interested on softwares and app.s However, listening about the different types of entrepreneur create a business in order to drastically change my lifestyle linked with technology would be awesome.
I consider that I am an entrepreneur two facets: Professional entrepreneur and Lifestyle entrepreneur. For my, it is essential to create loyalty in the business, because the hard work and success They go hand in hand, providing unmatched satisfaction.
Also, in the past, I had the chance to venture into the world of electronic commerce, through of online store on the Markeplace Facebook
platform. Although I was in firsts stages I
experienced promising growth. However, unfortunately my association with my uncle, who don’t share the same dedication to the business it led to make the difficult decision to leave to take on full-time employment.
Nevertheless, I keep the desire to resume my entrepreneurship online sale in the future, this time reconciling it with my current job to diversify my sources of earnings.
I consider that I am an entrepreneur two facets: Professional entrepreneur and Lifestyle entrepreneur. For my, it is essential to create loyalty in the business, because the hard work and success They go hand in hand, providing unmatched satisfaction.
Also, in the past, I had the chance to venture into the world of electronic commerce, through of online store on the Markeplace Facebook
platform. Although I was in firsts stages I
experienced promising growth. However, unfortunately my association with my uncle, who don’t share the same dedication to the business it led to make the difficult decision to leave to take on full-time employment.
Nevertheless, I keep the desire to resume my entrepreneurship online sale in the future, this time reconciling it with my current job to diversify my sources of earnings.
In your own time, you will find the business that’s for you. Your full-time employment may even be the best way to get it started. If you do the right research, understand your customer and why they need your product(s) or service(s), I have no doubt you’ll be successful.
I consider that I am an entrepreneur two facets: Professional entrepreneur and Lifestyle entrepreneur. For my, it is essential to create loyalty in the business, because the hard work and success They go hand in hand, providing unmatched satisfaction.