Types of Entrepreneurs
We hear a lot about small business and entrepreneurs whenever we talk about employment growth. However, there are a lot of different types of entrepreneurs. Steve Blank explains the differences.
There are six distinct organizational paths for entrepreneurs: lifestyle business, small business, scalable startup, buyable startup, large company, and social entrepreneur. All of the individuals who start these organizations are "entrepreneurs" yet not understanding their differences screws up public policy because the ecosystem in supporting each type is radically different.
The scalable startup represents what most local governments want - rapid and large employment gains. Yet it's small business "feed the family" startups that employ most of the private sector workforce.