First-Generation Entrepreneurs are individuals who launch a new business without any prior entrepreneurial history in their family. They do not inherit a business but build a new venture through their own initiative and foresight. These entrepreneurs often encounter significant hurdles due to a lack of prior experience, guidance, or a pre-existing business foundation. They must independently establish networks, acquire resources, and devise strategies for success. In contrast, Inherited Entrepreneurs take over businesses previously owned by their families. Second-Generation Entrepreneurs typically manage family businesses established by the previous generation. Corporate Entrepreneurs, also known as intrapreneurs, drive innovation within established companies rather than founding independent ventures from the ground up. Consequently, the accurate classification is First-Generation Entrepreneurs.