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Thanks to the digital era, this is the best time for aspiring entrepreneurs to start their businesses. Entrepreneur James Z Dooley shows here why this is so and the several types of entrepreneurship you can try out. The internet has made things more comfortable, especially access to information.
You can now find information quickly to help you jump-start your entrepreneurial journey. Many niches are also available, and that makes it easier for you to become an entrepreneur.
Are you An Entrepreneur?
An entrepreneur is someone who has their own business. However, the ease with which companies can be set up nowadays has led to the misuse of the term. Entrepreneurship involves taking financial risks and hoping to become profitable.
Your entrepreneurial journey may involve several stages that entrepreneur James Z Dooley talks about. As such, you’ll evolve from the moment you start to the moment you become successful. You may even up in several categories of entrepreneurship that are mentioned below.
Entrepreneurship types
The term entrepreneur generally means anyone who owns a business, but it can also be used in a broader category. The various types of entrepreneurship have led to the term modified to mean different kinds of companies, but they still have the underlying entrepreneurship meaning.
Online entrepreneurship
This title benefits anyone who makes their money through online resources. There are different job titles like digital marketing, web designing, affiliate marketing, SEO consulting, and software development, among many others. Online entrepreneurship has been made simpler by the digital era that has made it possible for people to succeed in it easily.
Multipreneur
These are people who have several businesses operating at the same time. Their ideas usually drive them, and when they can’t incorporate those ideas into a single business, they branch out to others. Being a multipreneur is harder than being an entrepreneur. While an entrepreneur puts all energy into one business, a multipreneur has to do so with all the businesses. However, if you succeed in running one business, then nothing should stop you from starting others.
Entremanure
These are people who don’t have the skills or knowledge to run a business, but they still market themselves as CEOs of thriving businesses. Most of the time, people in this category are those who have been laid off from their jobs.
They then venture into starting their businesses without first taking time to develop the necessary skills in accounting, marketing, or management. These are essential skills in any industry. Failure to have them will lead to failure of the business. This is why an entrepreneur will end up with a string of failed businesses, but they will continue to “sell you their bullshit.”
Mompreneur
This is a title given to an entrepreneur who is also a mother. They find a way to balance between being good moms and running their businesses successfully. The term is a combination of mom and entrepreneur, and it is slowly becoming more popular. The type of entrepreneurship means that one is a fulltime mother and a full-time businesswoman.
Wantrepreneur
You’ve probably met people who always talk about their business dreams, but they never start the journey towards making those dreams a reality. Wantrepreneurs wish to be entrepreneurs, but unlike the latter, they are all talk and no action. They are usually driven by what’s trending. Instead of following their passion like entrepreneurs, they follow trends and want things that have already proven to be successful. They never take risks on their own, and their entrepreneurship dreams never materialize.
Influencer entrepreneur
The digital era has given rise to influencers. These are individuals who use their knowledge to build a massive following on social media platforms. They usually use different means such as creating fun clips, using audio podcasts, writing books, or guest posting.
Once they have enough followers, they are paid by companies to market their products to those followers. An entrepreneur who is an influencer will never charge their followers any money, but they will charge advertisers who want to reach those followers.
Intrapreneur
Sometimes employees are given the responsibility of coming up with innovations for the company they work for. They use the company resources, and the company faces all the risks. They also don’t make as much money as entrepreneurs, but they have the same business mindset that an entrepreneur does. They start their ideas on their own and usually succeed in their innovations.
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