Trading/ industrial ventures started by Government under various formats like company, corporation, departments, board denotes state entrepreneurship.

Classical entrepreneur is one who starts his own venture as a family business. They are called life timers. They engage in business as a matter of routine. Entrepreneurs from the business families are called classical entrepreneurs.

Modern entrepreneur is one who keenly observes the dynamics of the market with an eagle eye and identifies the unfilled gaps if any in product/ service marketed. He/she takes initiative in starting the venture to cater to the unmet needs of the market.

(i)  Dhirubai Ambani
(ii)  T.V. Sundaram Iyengar
(iii)  Birla
(iv)  Narayanamurthi
(v)  Aziz Premji
(vi)  Seshadriji

Corporate Entrepreneur is otherwise called Promoter.

(i) Urban Entrepreneur:
(a) An entrepreneur who commences his entrepreneurial activity in urban areas like State Capital, District Headquarters, Towns, Municipalities, etc.,
(b) They may be an industrial entrepreneur or corporate entrepreneur or retail entrepreneur.
(ii) Rural Entrepreneur:
(a) These are people who start a venture in rural locations.
(b) They are provided a lot of economic and fiscal incentives to start their venture in rural and semi-urban areas in order to check the exodus of rural people to urban centers in pursuit of employment opportunity.

(i) Technical Entrepreneur:
(a) Technical entrepreneurs are such of those craftsmen like a welder, fitter, moulder, draughtsman, turner, carpenter, goldsmith, tailor, photographer, repairer, weaver, sculptor, potter, wiremen or so on who start small ventures.
(b) This type of entrepreneur demonstrates their creative talents by . producing innovative products.
(ii) Non-technical Entrepreneur:
Non-technical Entrepreneurs are those who do not possess any technical competence to produce the goods or service but have special talents to market the products successfully or expertise to distribute the products produced by technical entrepreneur effectively to channel members and end consumers.
(iii) Professional Entrepreneur:
(a) A professional entrepreneur is one who is having rich expertise in starting a venture but lack interest in, continuing the venture as a manager or as an owner.
(b) They keep on conceiving new ideas to develop alternative projects.

(i) Retail Entrepreneurs:
(a) Retail entrepreneurs are those who enter into a venture of distributing the end-product to the final consumer while wholesale entrepreneurs take up the venture of distributing the product to the retailer.
(b) They used to buy the goods in small quantities from numerous wholesalers and make it available different products of different brands under one roof to end consumer.
(ii) Service Entrepreneur:
(a) Service entrepreneurs enter into - the venture of supplying service products to end consumers.
(b) Hoteliers, airlines, banking, insurance', and financial service providers, repair service organization, bus operators, train service, advisory organization, advertising firms, manpower supplier, etc., come under service entrepreneur's category.

Imitative Entrepreneur
(i) Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.
(ii) A simply re-engineer or redesign the products developed in advanced countries and produce a version suited to their local conditions.
(iii) For example, many electronic products invented in advanced countries are simply re engineered in developing countries.
(iv) Similarly expensive medicines developed in advanced countries are simply reengineered by changing the composition of elements or changing the process of production.
 

(i) Professional entrepreneur is one who is having a rich expertise in starting a venture but lack of interest in continuing the venture as a manager or as a owner.
(ii) He/she simply sells out the venture started by him to someone else after its successful take-off.
(iii) They keep on conceiving new ideas to develop alternative projects.
(iv) These entrepreneurs have got professional expertise in starting the venture and existing it after the establishment.

Successful Entrepreneurs in Tamilnadu:
(i) G. Chandramogan Sold his father's agricultural land to mobilize funds for. starting ice cream enterprise in Tamilnadu known as 'Arun Ice-cream' which has emerged as one of the top-notch dairy companies in India.
(ii) Mr. T.V Sundarm Iyengar who started his career as a lawyer shifted his job to Indian railways in the later years and then further shifted to bank Then he started bus service company on his own A in Madurai before nationalization of transport service in Tamilnadu. Now the enterprise has diversified into producing a variety of automobile products under the banner TVS group.
(iii) Mr. Murugappa ChettIar started his career as an apprentice in Burma when it was under the British Colonisation. He returned to India and started his business in diversified fields. Murugappa has transformed his family business into a corporate enterprise.
(iv) Mr. K.R. Nagarajan made a foray into the textile industry, Tirupur was hailed as the 'dollar city' and an undisputed business center. Mr. K .R. Nagarajan chose the road less traveled. His focus was not on the hefty bottom line but on progress and growth for the poor village weaver. Eighteen years of networking with dealers across the length and breadth of South India have ensured Ramraj's leadership in this part of the world.
(v) Mr. N. Natarajan began his entrepreneurial journey with a fruit shop in Coimbatore that he started with his brother in 1965. 'Kovai Pazhamudir Nilayam, a Coimbatore based 40 outlets strong fruit and vegetable retail chain that achieved a combined turnover of Rs.220 crore this year. The retail chain now has 56 outlets spread all over Tamil Nadu and Pondicherry, of which the other brothers operate between them 9 outlets located in different parts of Tamil Nadu.

(i) Pure Entrepreneur:
(a) Pure entrepreneurs are individuals who are propelled to enter into the venture by psychological and economic motives.
(b) They apply their knowledge, skill, and insight in making the venture a great success in order to earn maximum profit out of the venture.
(ii) Induced Entrepreneur:
(a) An induced entrepreneur is one who is inspired to take up entrepreneurial activity thanks to entrepreneurship-friendly policies put in place by the Government.
(b) The government provides a great deal of support in the form of loans, subsidies, the nominal rate of interest, tax breaks, tax holidays, training, import of technology from abroad, concessions for the export-oriented item, allotment of sheds, and lands at subsidised price etc.
(iii) Motivated Entrepreneur:
(a) Motivated entrepreneurs are those motivated to take up venture by the desire for self-fulfilment.
(b) They are motivated to produce and market product or service by the sheer prospect of making a huge profit.
(iv) Spontaneous Entrepreneur:
(a) These entrepreneurs have natural inclination to start a venture.
(b) They are supposed to be bold, optimistic and enterprising persons. They have a passion for meeting the challenges.

(i) Business Entrepreneur:
(a) Business entrepreneur is called solo entrepreneur.  He/She is the one who conceives an idea for a new product/ service and establishes a business enterprise to translate his is idea into reality.
(b) Business entrepreneur takes up production, operations  and pursues marketing activities.
(ii) Trading Entrepreneur:
(a) Trading entrepreneurs are those who restrict themselves  to buying and selling finished goods.
(b) They may be engaged in domestic and international trade. Their core strength lies in distribution and marketing
(iii) Industrial Entrepreneur:
(a) These are entrepreneurs who manufacture products to cater to the needs of consuming public after identifying the need left unfulfilled by the manufacturer hitherto.
(b) Industrial entrepreneurs mobilise the resources of   various types and create an entity to manufacture the  products or service.
(iv) Corporate Entrepreneur:
(a) Corporate entrepreneur is called promoter. He/She entrepreneur takes initiative necessary to start an entity under corporate format.
(b) Corporate entrepreneur assembles all the resources and put in place organisation to run the business on a day-to-day basis.
(v) Agricultural Entrepreneur:
(a) Agricultural entrepreneurs are those entrepreneurs who  raise farm products and market them.
(b) Those who raise allied products like poultry, meat, fish, honey, skin, agricultural implements, flower, silk, fruits,  prawn, etc. are called
agriculturalentrepreneur.