ENTREPRENEUR REVOLUTION; Rewards of being an entrepreneur with different types of entrepreneurs. No matter what kind of business you're starting, you're an entrepreneur. But what kind do you want to be? This guide lays out the five types and how to decide which you should choose. People love starting businesses these days. A staggering 472 million entrepreneurs around the world launched 100 million startups in 2019. But other figures are a bit more sobering, like the fact that nine out of every 10 startups fail, with a third of them closing in the first two years. New businesses fail for a lot of reasons, mostly because of undercapitalization. But sometimes they fail because they have the wrong vision. From the outset, it's important to decide what kind of entrepreneur you are. And that's not an easy question to answer. Whether you're looking to start an online business or move into a brick-and-mortar storefront and work for yourself, you must first decide what kind of entrepreneur you're going to be, because it will guide how you set your goals and lay out your company's future. Entrepreneurship is possible whether you're a big business or a sole proprietor. At the heart of entrepreneurship is the concept of innovation -- that by developing something totally new that solves a problem, a business can change the way people live for the better. As a result, entrepreneurship sometimes focuses on bigger ideas than it does on money, although profit is ultimately the chief motivator driving the lion's share of businesses. Regardless of which form of entrepreneurship you choose, it's all about what you're hoping to accomplish in the end. Do you just want to make money? Do you want to make money but help the world at the same time? Or do you just want to be your own boss? Answering these questions will help you decide what kind of entrepreneur you want to be. Until you've decided that, it's unwise to push forward with your idea. You've also got to have a vision, so set aside some time to think it over and get it down on paper. Then draw up a road map on how you'll get there. It could mean the difference between success and failure for your fledgling company.
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