Feeds Startup Essentials By Aashish Pahwa / October 27, 2017 Entrepreneurs are stealing the spotlight in the 21st century and if you’re reading this post you probably are one of them. You might be an upcoming entrepreneur with a new groundbreaking business model, an existing super-entrepreneur who has successfully launched his product and is working on the next part of the plan or an infopreneur working on your next video, e-book, or a blog post. We’ve classified different types of entrepreneurs into 10 types in this infographic. See where do you fit in.Types of EntrepreneursThe InnovatorWith a strong personal drive, these are the leaders. Innovation motivates them strongly, but a major incentive for this group is the idea of creating a legacy and doing things the other way. Characteristics of InnovatorsThey constantly look for patterns.They’re brilliantly lazy.They’re obsessive note-takers.They Aim for perfection but practice progressThey embrace fearExample of InnovatorsBill Gates: co-founder of the Microsoft CorporationLarry Page: co-founder and chief executive officer of Google’s parent company, Alphabet Inc.The HustlerThe enthusiastic ones, these entrepreneurs don’t wait for opportunities to fall in their lap. They know the importance of small things and make use of them effectively and efficiently. They are focused dreamers and work hard to achieve it.Characteristics of HustlersThey know the importance of networking.They are laser focusedThey dream ridiculously big.They aren’t afraid to take a risk.Hustlers eliminate all distractions.Hustlers create their own opportunities. Example of the HustlersZig Ziglar: American author, salesman, and motivational speaker.Mary Kay Ash: American businesswoman and founder of Mary Kay Cosmetics, Inc.The ImitatorThese entrepreneurs try to play safe by copying a successful or going to be a successful business model. They iterate a certain feature or innovation in a particular product or the business model to make it more appealing and have a competitive edge over the current market. The greatest advantage of copycat entrepreneurs is that they know the opportunities and shortcomings of the business and have a proven business model to work on.Characteristics of ImitatorsThey are risk takersThey are adamant about what they do.They have an ability to build upon an existing ideaThey are great researchersThey don’t follow or do things on other people’s terms.Examples of ImitatorsMark Zuckerberg: co-founder, chairman and chief executive officer of Facebook.Oliver Samwer: Serial startup cloner.The ResearcherThese entrepreneurs not only believe in original ideas but also ideas which are viable. They believe in starting a foolproof business and spend a lot of time in choosing the right one. Characteristics of ResearchersThese are the perfectionistsThey are the problem solversThey are critical thinkersThey are the visionaries.Examples of ResearchersJeff Bezos: founder, chairman, and chief executive officer of Amazon.comLarry Ellison: co-founder, executive chairman and chief technology officer of Oracle Corporation.The Money MagnetIt’s a lot easier to make money when you start with money. This is what these entrepreneurs do. They usually don’t have much know-how of the business world and most of the work is done by the professionals appointed by them.Characteristics of Money MagnetsRich FamilyProfessional teamPersonal BrandEasy PRExamples of Money MagnetsParis Hilton: American businesswoman, socialite, television and media personality, model, actress, singer, and DJ.Kim Kardashian: American reality television personality, socialite, actress, businesswoman, and model.The ProdigyWhile others thrive on innovating and challenging the status quo, prodigies rely on innate intelligence and instinct as well as a higher degree of emotional stability. These entrepreneurs are blessed with inborn business sense and instinct.Characteristics of ProdigiesThey rely on their innate qualitiesThey are born innovatorsThey believe in doing the things their own way.They have inborn business sense.Examples of ProdigiesElon Musk: American business magnate, investor, engineer, and inventorSteve Jobs: American entrepreneur, businessman, inventor, and industrial designer.The BuyerThese entrepreneurs have huge pockets and are ready to invest in any promising venture. They might already have an experience in running a successful business and look for more opportunities.Characteristics of BuyersThey act as a guide to new venturesHuge PocketsThey look for original & different ideasThey have a thirst for knowledgeThey have a great networkExamples of BuyersWarren Buffet: Chief Executive Officer and Chairman of Berkshire HathawayCarl Icahn: founder and majority shareholder of Icahn EnterprisesThe SolopreneurThese entrepreneurs choose to start a business on their own with no intention of ever adding staff. They are the chief cook and the sole person responsible for the fate of the business.Characteristics of SolopreneursThey are passionate workaholicsThey are versatile as they handle every aspect of their business.They create their own scheduleTheir personal and corporate brand is interlinkedThey love adventureExamples of SolopreneursNeil Patel: A renowned SEO and digital marketing specialist.Brian Dean: founder of Backlinko.The Short-termerThe main motive of these entrepreneurs is to create a successful business and sell it for top dollar. They are the innovators who derive their business model from bigger companies and add up innovation to them. Characteristics of Short termersMoney mindedInnovativeEffective communication and networking skillsThey aim for big exitsExamples of Short-termersJan Koum & Brian Acton: Founders of WhatsApp. The RebelsThese are the unconventional and challenge the existing players with their innovation and different routes. The rebels challenge the way it has always been done and does the work that matters.Characteristics of RebelsThey know what’s essentialThey are very tenacious and work hard and long to achieve objectives.They are the risk takersThey are the challengersExamples of RebelsEvan Spiegel: co-founder and CEO of the American multinational technology and social media company Snap Inc.Michael Dubin: founder of Dollar Shave ClubGo On, Tell Us What You Think!Did we miss something? Come on! Tell us what you think about our article on types of entrepreneurs in the comments section.