Types Of Entrepreneurs

Broker - A "broker" is a go-between someone who helps others find the products or services they need. They may charge a percentage of the sales price of the item brokered, a flat fee, or an hourly fee. Real estate agents are perhaps the best-known type of broker, but you could be a broker for almost any kind of product or service (except those with very narrow profit margins). You could, for instance, be an auto, mortgage, business, even wine broker. If you've got a strong area of expertise or interest -- and enjoy shopping -- being a broker is a low-cost way to go into business.

Builder - One of the largest segments of entrepreneurs are self-employed contractors -- carpenters, electricians, plumbers, painters, etc. Whether you're building a whole housing development, or laying the floor in one apartment, if you enjoy seeing something be created from nothing and you have the necessary skills, being a builder may be for you.

Caretaker - Our society has a great need to have people and things taken care of, maintained, and assisted. That opens up lots of opportunities for those entrepreneurs who are patient and nurturing. If you're a person who can be consistent over time and see yourself as a helping personality, you may be the caretaking entrepreneurial type.

Creator - You may be a person with a vision -- whether it's in fashion, graphics, technology, or in any area of product or service. Creators include graphic or fashion designers, inventors, business builders, etc. Creators often need to team up with other entrepreneurs who are strong in sales or operations to help make their vision a financially viable reality.

Owner - If you've got money to invest, you might be able to put your capital to work for you. Whether you invest in stocks, real estate, vending machines, businesses, etc., being an active "owner" enables you to leverage your money into additional income without having to show up to work every day.

Seller - If you're good at sales, you should never have to go hungry. Great salespeople are always in demand. Many of them are self-employed, typically working on commission. If you're good at selling, and willing to work hard, you can earn a lot of money from sales.


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What Is Management?

Management - is a process of planning, organizing, leading and controlling a company’s financial physical, human and informational resources in order to achieve its goal.

Planning- is the setting up of goals or target results including the work schedules, quality specifications, operating procedures , rules, and cost budgeting.

Organizing- the determination of relationship among individual in a group in the performance of a task including the function of staffing, where it determines exactly how many workers are needed to meet the target. It also involves the lining up of tools and equipment in its proper place as to avoid unnecessary waste of time, effort, and materials while pursuing production process.

Leading- this management function concerned with the effort to guide workers in putting plans into actions by issuing orders instructions. In order to achieve harmonious working condition at the workplace, three important principles; leadership style, proper motivation, and good human relation should be a guide in directing. Directing usually done through delegation of work by conferring of authority and responsibility to others and the creation of accountability of performance.

Controlling- the process in which it measures the result of work whether it meets the expected outcome, which is a matter of evaluating the performance of an individual and the group as whole comparing it with the set policy standard. It is a balancing activity between people and other resources of the firm especially the policy. It is also a matter of how to regulate group activities as well as the conduct and behavior of every individual in the organization. It is an effort to check whether the activities are keeping well according to plans and standards set by the policy programs and the giving of corrective actions.