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Types of Entrepreneurs

Updated on January 05, 2017
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Heidi Thorne is an author and business speaker specializing in sales and marketing topics for coaches, consultants and solopreneurs.

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Almost any business could reframe itself as a "-preneurship." Pick your business, add "-preneur" to it and—boom!—you call yourself a "[your business here]-preneur." But that's not what's being discussed here. Following are some special types of entrepreneurs who are identified by either their business structure, who they are, or the type of work they do.

Solopreneur

Just as small businesses are defined by their size, Solopreneur business operations are comprised of only the founder/owner. They are often consultants, freelance professionals or home-based businesses that just prefer to limit their work to that which they can complete themselves or with the assistance of outsourced services.

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Mompreneur

Also known as mommypreneurs, these enterprising women have the dual role of being a full-time mother and a business founder. Some mompreneurs have been in corporate careers and are seeking ways to stay gainfully employed while they raise their children. Others are stay-at-home moms who may wish to make some extra money and gain tax advantages by owning a small business.

Some mompreneur operations are true entrepreneurial ventures that are brand new business ideas, maybe even sparked by their parenting experience. Other mompreneurs are really solopreneurs and may identify as one or the other depending on what they feel is more advantageous. Still others are just traditional or home-based small businesses who call themselves mompreneurs to satisfy their entrepreneurial drive or attract an audience sympathetic to their profiting-while-parenting status.

The main problem with being considered a mompreneur is that the role or status of mom may be short lived because—surprise!—kids grow up. Will the business still be able to attract and maintain a following if the mom no longer has children at home? Even more, will the mom be interested in maintaining this business after the kids are grown?

Another problem with mompreneur businesses is that, regardless of their size, they are still legitimate businesses. Juggling the high demands of both business and motherhood can be exhausting, frustrating and maybe even financially challenging, which could negate anything the business actually accomplishes.

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Kidpreneur

These entrepreneurs start their careers early, maybe even while in grade school or high school.

A kidpreneur business archetype that is prevalent is the little lemonade stand owner. The image of a tech whiz kid or nerd making tons of money out of his bedroom or garage is also popular. But kidpreneurs run all kinds of businesses.

Similar to the situation mompreneurs face, what happens when kidpreneurs grow up and they're no longer kids? Will people still want to do business with just another adult business owner? Also similar to mompreneurs, kid business owners who are in school have multiple and conflicting obligations.

One of the biggest issues with kidpreneurs is that if they are under age 18, they typically cannot legally enter into contracts by themselves. This can necessitate involvement—and investment!—from family or friends. To protect the kids, their families and any sponsoring friends, legal advice on business ownership, operations, responsibilities and liabilities is an absolute necessity. Regardless of the kid's age, being in business is being in business for real!

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Authorpreneur

Writers who realize that writing is a business could be considered authorpreneurs. Some of them may also be solopreneurs. However, authorpreneurs usually concentrate on writing and selling books, whether that means traditional publishing, self publishing or both.

Infopreneur

Similar to authorpreneurs, infopreneurs focus on creating and selling information products and services including online or offline information resources, online training courses, and maybe even books.

Blogpreneur

Similar to both infopreneurs and authorpreneurs, blogpreneurs are in the business of providing information and/or entertainment online. Their focus is primarily on creating income opportunities on and through their blogs.

To fund their blog and business operations, blogpreneurs may sell their own information and book products on the blog. They may also accept advertising sponsors and sponsored posts for their sites or become affiliate marketers for other sellers. Because of FTC (Federal Trade Commission) requirements for native advertising, content marketing and affiliate marketing, blogpreneurs need to properly disclose any financial consideration—even for free products—they have received from advertisers and sponsors.

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Technopreneur

Sometimes also referred to as techpreneurs, these business founders can be involved in either developing new technologies, devices and software, or new ways to use technology. Depending on the scale of the work being done, venture capital may be sought to help fund the founding, research, development and, if applicable, manufacturing aspects of the business.

With society's fascination and growing dependence on technology, many technopreneurs have achieved celebrity status. Bill Gates of Microsoft, Steve Jobs of Apple and Elon Musk of Tesla are prime examples.

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Socialpreneur

These enterprising folks want to do good while doing good business. Their operations have a social objective. This could take the form of donating a portion of their revenues or profits to charitable efforts. The charitable effort could also be the main focus of their operation and the business side of it exists to fund the charity.

The caution for socialpreneurs is that they need to be clear that they are either a charity or a business. Seeking the help of an attorney and CPA to properly establish the correct business structure (nonprofit, for profit, corporation, etc.) and procedures is strongly recommended so as not to run afoul of the law and to help ensure compliance with reporting requirements.

Ecopreneur

A subset of the socialpreneur set is ecopreneurs. While they, too, are concerned about social good, they are usually more focused on more environmentally friendly products, services and efforts. They may also be technopreneurs if their ecologically conscious offerings are technology-based.

Disclaimer: Both the publisher and author have used their best efforts in preparation of this information. No representations or warranties for its contents, either expressed or implied, are offered or allowed and both parties disclaim any implied warranties of merchantability or fitness for your particular purpose. The advice and strategies presented herein may not be suitable for you, your situation or business. Consult with a professional advisor where and when appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other damages, including but not limited to special, incidental, consequential or punitive, arising from or relating to your reliance on this information.

© 2017 Heidi Thorne

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    • billybuc profile image

      Bill Holland 2 weeks ago from Olympia, WA

      I like the different categories. Did you make them up? Whatever the case may be, I see myself as a combination of three...hopefully with more to come in 2017. I've got a lot of cards yet to play. I just hope I live long enough to play them. :) Happy Thursday my wise friend.

    • heidithorne profile image
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      Heidi Thorne 2 weeks ago from Chicago Area

      Billybuc, I wish I could say I made them up. But, no, a Google search will bring up entries for these (e.g., mompreneur brings up over 1.9 million results). Since I'm guessing there are a lot of "I want to start a business" New Year's resolutions, I thought it might be useful to explain some of these paths. Hope you'll be the "multi-preneur" you want to be. Thanks for chiming in and Happy Weekend ahead!

    • FlourishAnyway profile image

      FlourishAnyway 13 days ago from USA

      So many opportunities and so many ways to frame how you position your business. I especially like to see young people start small endeavors of their own. You never know when a side hustle will turn into the next big thing, but with goals and determination it's certainly possible these days.

    • Mel Carriere profile image

      Mel Carriere 13 days ago from San Diego California

      The Internet has opened up countless preneurships that were scarcely to non existent in the past. It's an exciting, though challenging world.

    • heidithorne profile image
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      Heidi Thorne 13 days ago from Chicago Area

      It sure is an exciting and challenging time in the world of entrepreneurship, Mel! Thanks for adding that exclamation point to the discussion. Happy New Year and Happy Weekend!

    • heidithorne profile image
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      Heidi Thorne 13 days ago from Chicago Area

      Flourish, the "side hustle" is THE thing these days. I totally get it. With all the downsizing, right-sizing, or whatever-sizing, you need to have other irons in the employment fire. Luckily, technology is helping to fuel these side gigs and entrepreneurs of all ages. Thanks for stopping by and chiming in. Have a great weekend!

    • Larry Rankin profile image

      Larry Rankin 12 days ago from Oklahoma

      Interesting overview.

    • heidithorne profile image
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      Heidi Thorne 12 days ago from Chicago Area

      Thanks for stopping by, Larry! Happy New Year!

    • teaches12345 11 days ago

      I enjoyed your definitions on entrepreneurs. I never thought about the effect a child's image would have on consumers as they age and mature. Interesting.

    • Suhail and my dog K2 11 days ago

      I think I am a thinkopreneur, because I keep thinking of doing something but never do it. At least my wife thinks of me that way.

      Btw, it was a very informative hub. I never took entrepreneurship in those veins.

    • heidithorne profile image
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      Heidi Thorne 11 days ago from Chicago Area

      Hi Suhail! I love it! Thinkopreneur. It's a common problem, especially for creative folks whose imaginations keep coming up with new ideas. Thanks for adding that category to the list. Thanks for stopping by and Happy New Year!

    • Jean Lavallie 2 days ago

      I think WESOS is a Socialpreneur! Love it! Thanks Dr. Heidi!

    • heidithorne profile image
      Author

      Heidi Thorne 2 days ago from Chicago Area

      Hi Jean! Thanks for chiming in. I think "socialpreneur" might be a good way to describe WESOS... or maybe "community-prenuer." :) Have a great day!

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