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

The question describes a process where an entrepreneur starts a business, develops it until it becomes self-sustaining, then sells it, and begins a new venture. This particular behavior typifies the work of a "Professional Entrepreneur."

Explanation and Justification:

• Professional Entrepreneur: These entrepreneurs are skilled in starting a business and are primarily interested in the development and growth of the business. Once the business reaches a point where it is self-sustaining and successful, they often sell it to pursue other ventures. They focus on creating value and are adept at managing organizational changes including scaling the business.
• Non-technical Entrepreneur: These individuals generally lack the technical skills or expertise but possess financial and managerial skills. This option does not align with the scenario given, as it focuses more on the technical creation and nurturing process described.
• Technical Entrepreneur: Such entrepreneurs have a technical or scientific background and focus on innovations in technology and development. However, the primary behavior described in the question does not emphasize the technical aspect exclusively.
• Industrial Entrepreneur: These entrepreneurs undertake activities in the industrial or manufacturing sectors. The question does not specify industry focus, and industrial entrepreneurs often stay within a particular industry.

Conclusion: Given the cycle of starting, nurturing, and then divesting a business for new ventures, the most suitable type of entrepreneur described here aligns with a Professional Entrepreneur. This accurately matches the situation presented in the question.