Oxford Languages defines an entrepreneur as “a person who organizes and operates a business or businesses taking on greater than normal financial risks in order to do so”. Entrepreneurs are often seen as innovators. Risk takers. But not all entrepreneurs are the same. The Builder aims to create a scalable business by seeking out investors and hiring a team of the best. Typically, their business earns high revenue in a short timeframe. An Opportunist is impulsive. This type of entrepreneur is interested in the wealth they can achieve; therefore, they tend to seek opportunities where they are able to easily jump in at a good time, earn profits, then leave without facing any negative impacts financially. Specialists are more cautious risk takers who typically own a specific skillset and have mastered it. Their businesses usually see slow growth as the business builds outwards. The final type of entrepreneurs are known as the Innovators. Think Mark Zuckerburg or Steve Jobs. These are most often the ones that experience fame. The product or service they invent takes off, becomes widely popular, leaving them extremely wealthy. Innovators aren’t guided by achieving this stature though. Their objectives are more driven by the impact their product or service will have on the world. Regardless of the intention behind any entrepreneur it takes a special type of person, someone that is resilient and dedicated, and not afraid of taking chances. And the end result can be quite rewarding. Not only do you get to be your own boss, and possible experience great fame and fortune, you gain knowledge and experience, and hopefully leave this world in a better place.
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