Classification of Entrepreneurs Based on Entrepreneurial Activity

Based on entrepreneurial activity, entrepreneurs are classified as novice, Nascent, Serial, Habitual and Portfolio entrepreneurs.

Coulter (2005) identifies five types of Entrepreneurs:

ž     Nascent entrepreneur

This is an individual who is in the process of starting a new business

ž             
      Novice entrepreneur

An individual with no prior business ownership experience. He could be the inheritor of business or purchaser of the business

ž     Habitual entrepreneur

An individual with prior business experience

ž            

     Serial Entrepreneur

An individual who has sold or closed business, established another new business, sold or closed the business and established another new business and sold and continue with this trend of starting or selling business.

ž   Portfolio Entrepreneur

An individual who retains an original business and builds a portfolio of additional business through inheriting, establishing or purchasing them