**2. Types of entrepreneurs**

Entrepreneurs are categorized differently based on their characteristics, profession, social class, and educational background. However, there are three (3) broad categories of entrepreneurs, viz:


*The Concept of Entrepreneurship DOI: http://dx.doi.org/10.5772/intechopen.94857*

iii.Opportunist entrepreneurs: They have structural approach to establishing an enterprise, i.e. they start small business, nurse and expand it to transform into big/large scale enterprise. They are professional, versatile, educated, and experienced. Their primary concern is in the production, sales, marketing and financial control of industrial setting. They are skilled in the management of both human and material resources, earn high social status due to successful business management and thus highly paid. These categories of entrepreneurs are also known as managerial entrepreneurs (**Figure 1**).
