Question

An entrepreneur starts a business, nurtures it and makes it reach a point of self-sustenance and then entrepreneur sells it and starts a new one. Which type of entrepreneur is this?

• A. Professional
• B. Non-technical
• C. Technical
• D. Industrial

Hint:

Think of a Professional Entrepreneur as a "serial starter" who thrives on the challenge of the initial setup phase rather than the routine of daily operations.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
Entrepreneurs are categorized based on their functional focus, motivation, and the nature of their involvement in the business.
The scenario describes someone who is more interested in the "act of creation" rather than "long-term management."

Step 2: Detailed Explanation:
A Professional Entrepreneur is a person who is primarily interested in establishing a business unit but does not want to run it permanently.
They use their expertise to conceive an idea, set up the infrastructure, and nurture the business until it becomes self-sustaining and profitable.
Once the business is stable, they sell their interest and move on to a fresh idea or a new venture.
This is different from an \textit{Industrial Entrepreneur} (who focuses on manufacturing) or a \textit{Technical Entrepreneur} (who focuses on the production process).

Step 3: Final Answer:
The entrepreneur described is a Professional entrepreneur.