The 4 Differnt Types of Entrepreneurship

The 4 Different Types of Entrepreneurship

Entrepreneurship

An entrepreneur is someone who jumps out of a plane in pursuit of their dream and builds a parachute on the way down. Today, it is easier than ever to become an entrepreneur, start a business, and become a multi-millionaire. Or is it? 

The reality is, too many people think being an entrepreneur is a glamorous, carefree life. They want to be self-employed, be their own boss, be a business owner, and maybe even ball out of control. But, if that is your motive, you’re off to a bad start. Waking up whenever you want and set your own schedule oftentimes mean waking up at 5 AM and going to sleep after midnight, sacrificing weekends, and time with your family and friends. That’s the real-life of entrepreneurship–not posting pictures of jets and stacks of cash on Instagram.

Real entrepreneurs don’t fall in love with the IDEA of business; they fall in love with the reality of making a difference, pursuing a worthy goal, and eventually achieving their version of the American Dream. And, that’s not easy. Especially if you’re in pursuit of becoming a millionaire, it requires an insane amount of time, effort, dedication, trial & error, resources, wisdom, connections, networking, work, and fresh ideas to make $1,000,000. It’s certainly not impossible–many people have proven that. But, it requires more than most people are willing to put in.

If you work a traditional job, you have it even more challenging because it requires even more effort to break out on your own and become a full-time entrepreneur. It requires more effort when you have liabilities like rent, cell phone, internet, and cable. It’s especially difficult if you’re married with kids because you’ve got another person to take care of and children who are depending on you because you’re responsible for their life. That’s not a small thing to glaze over, and it must be considered when pursuing to become an entrepreneur.

At the end of the day, my advice to you is this: don’t fall in love with the IDEA of entrepreneurship. If you want to be an entrepreneur, be sure you have the correct motive that says…I have a great idea, I know this will help people, and I’m willing to work my butt off to make it happen. That’s REAL entrepreneurship.

In my experience, there are many different types of entrepreneurs, but over my journey of entrepreneurship, I have realized there are 4 main types.

1. Social entrepreneur

Someone who is passionate about social issues and uses their business, company, product, and/or entrepreneurial endeavors to advance social and non-profit causes like the environment, racial inequality, gender equality, and health-related social issues like cancer and mental health.

2. Creative entrepreneur

This person is a graphic designer, website designer, web developer, filmmaker, music artist, painter, videographer, photographer, etc. These people use their creative skills and gift of creativity to make money as a freelancer.

3. Freelancer entrepreneur

A freelancer is someone who works as an individual, many times as a “one-man band.” Typically they specialize in one area of expertise, and they use that expertise to earn a living. I would consider consultants, speakers, coaches as freelancers–or personal brands.

4. Food entrepreneur

This is someone who uses their food experience or the experience of others to create food-related products and services. These products and services could be CPG (consumer packaged goods) products, restaurants, food trucks, restaurant pop-ups, chef services, cookbooks, food entertainers (like YouTubers and TV show hosts), and food business consultants.

I hope this information was helpful yet enlightening. And, if you still want to be an entrepreneur, welcome to the journey, buckle up, and hold on tight!

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