If you are interested in starting a business, you need to know the types of entrepreneurship that exist as it will be very helpful to inspire you and define your business model. In addition, each type of entrepreneurship has its particularities , which you will have to take into account since they influence market and sales strategies. Ready to find out what kind of venture is best suited to you and your business idea? we start
Types of entrepreneurship
1. Digital entrepreneurship
More and more people are declining to create a digital business , that is, an online business where they sell their products, info products or services online . The advantage of this type of venture is that the initial investment is much lower since you do not need a physical space to carry out the activity. Nowadays , with just a smartphone and all the possibilities that social networks offer you, you can start a business, so if you want to start a business, you have no excuse.
2. Female entrepreneurship
Female entrepreneurship is none other than that carried out by women . And although more and more are taking the plunge, there is still a big difference with respect to entrepreneurs. Spain is one of the European countries that is at the head of parity with nine women entrepreneurs for every ten men.
3. Administrative entrepreneurship
The administrative is a type of enterprise that seeks to increase the effectiveness of an organization through the improvement of its techniques and administrative functions . They are usually the employees themselves, motivated by the company, who undertake to improve or external companies hired for this task.
4. Social entrepreneurship
When we talk about social entrepreneurship, we refer to one that seeks to improve the quality of life of people anywhere in the world through an innovative system . Their purpose is not to get rich, but to invest their profits to achieve their main social or environmental objective.
5. Mirror Entrepreneurship
Mirror entrepreneurship can be very profitable as it is based on imitating an existing successful product or service . A clear example of this type of venture is franchising. The entrepreneur does not create anything new, but buys a license with a successful business model to adapt it in another location.
6. Rural entrepreneurship
Rural entrepreneurship is one that develops its activity in rural environments far from the city , that is, in a town or in the countryside. It does not have to be a traditional business model, but can combine new technologies, reinvent traditional products or detect new market niches.
7. Cultural entrepreneurship
Although there are many organizations and activities aimed at promoting and fostering culture, when we talk about cultural entrepreneurship, we are referring to one that seeks strategies to improve working conditions in the sector . Its ultimate goal is to promote and transmit the value of artistic creativity .
8. Public entrepreneurship
Public enterprise is one that aims to satisfy a social need and is carried out exclusively by the government .
9. Scalable entrepreneurship
These are small companies that attract the interest of investors with their scalable business models . Thanks to the financing they achieve rapid expansion.
10. Corporate entrepreneurship
Corporate entrepreneurship combines tools, strategies and activities to foster the entrepreneurial spirit of the people in an organization and thus make it more innovative, agile and resilient.
11. Innovative entrepreneurship
An innovative venture or business is one that stands out from its competition for including innovative products or services derived from research and development processes .
12. Incubator entrepreneurship
The incubator venture aims to satisfy the needs that are repeated within the same niche through ideas that arise from a long process of research and development.
13. Sustainable entrepreneurship
Sustainable entrepreneurship is the future and is based on setting strategies to have the least environmental impact and therefore help in social development . They are called green businesses.
14. Hybrid entrepreneurship
When I talk about hybrid entrepreneurship, I refer to those physical ventures that also have a digital presence or vice versa . These types of ventures today, as the pandemic has shown us, are necessary for the survival of a business.