4 types of Entrepreneurs: “How much entrepreneur?”

I read the other day about a guy that called himself a mediocre entrepreneur and I thought to myself “are there many levels of entrepreneurship?”. After some consideration I found that it certainly can be the case but perhaps “small, medium and large” is not a great scale to categorise entrepreneurs.

people tend to forget about the people that drive these companies and glorify founders

I have a special interest in startups and the people that are behind them, when I say “people that are behind them” I do not mean just the founders, people tend to forget about the people that drive these companies and glorify founders when these companies often mostly consist of entrepreneurs especially in the initial stage.

So in my view early employees and committed people are instrumental in a startup and those are likely to be entrepreneurs just like the founders themselves.

Lets look at some of the common things that entrepreneurs have:

  • They have given up security (a secure job) for something that they believe in.
  • They are willing to take a risk for a potential of a larger payout.
  • They are willing to take a risk to advance their career.

how many of your colleagues does this short checklist apply too?

Now, if you work in a startup or are a founder, even if you don’t consider your self an entrepreneur, how many of your colleagues does this short checklist apply too?

So perhaps one could categories by the types of people that drive the startup scene, to start with I can identify at least 4 of the top of my head:

  • The Thinker; this is the “Idea individual” that sees opportunities where ever he/she goes and what ever business is looked at and is highly likely to be in a creative role, building from scratch the processes, community and things that make an idea into a company.
  • The Cautious Doer: This individual does perhaps not get new ideas every day, but identifies opportunities and takes calculated risk when taking on a new project either as a founder or an employee.
  • The Doer; A “doer” takes things forward and is willing to jump on the wagon if the right idea or team comes along and is willing to take the risk. This type of an entrepreneur is likely to have the “Create something bigger than me” mindset and needs to be in a influential role in the company as the doer will not last very long if he does not see results in the efforts he/she makes.
  • The Cheerleader; This might be the “Startup Community” member. The one that loves to work in the Startup Scene but does not work in a startup. This type would work in the support system to startups and have the drive to better the environment and is actively finding ways to make startup success more likely.

Now the way I think about these types is not that people are just one type, but rather that an Entrepreneur can have all these qualities and more, in various combinations and of different weight.

I would love to hear a suggestion of more types if you have identified one that is not mentioned here.