The Three types of Entrepreneurship

Entrepreneurship is the art of initiating new business enterprises or strengthening already developed business enterprises. It’s an extremely complex kind of work to undertake, as most often new business enterprises fail. The three kinds of entrepreneurship include: (1) The Wealth Creation Entrepreneur—the goal is to attain the largest available market while making the highest amounts of profit (2) The Lifestyle Entrepreneur—the primary aim is a flexible and good lifestyle not to attain maximum amounts of profits (3) The Social Entrepreneur-- he identifies social issues and utilizes his/her principals to create, develop and manage a business enterprise that can sustain social change.