Classification of Entrepreneurs based on Technology Adopted

Classification based on Technology Adopted

1. Technical Entrepreneur

Technical entrepreneurs are such of those craftsmen like welder, fitter, moulder, draughtsman, turner, carpenter, goldsmith, tailor, photographer, repairer, weaver, sculptor, potter, wiremen or so on who start small ventures. They turnout products/service of high quality. They simply focus on production rather than on marketing. This type of entrepreneur demonstrates their creative talents by producing innovative products. Their strength lies in skill or knowledge of producing specialised product.

2. Non-technical Entrepreneur

Non-technical Entrepreneurs are those who do not possess any technical competence to produce the goods or service but have special talents to market the products successfully or expertise to distribute the products produced by technical entrepreneur effectively to channel members and end consumers.

3. Professional Entrepreneur

Professional entrepreneur is one who is having a rich expertise in starting a venture but lack interest in continuing the venture as a manager or as a owner. He/she simply sells out the venture started by him to someone else after its successful take-off. They keep on conceiving new ideas to develop alternative projects. In short, these entrepreneurs have got professional expertise in starting the venture and exiting it after the establishment.