Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,862,653 members, 6,867,984 topics. Date: Wednesday, 18 May 2022 at 03:39 AM

Types Of Entrepreneurs ( Industrial Entrepreneurs) - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Types Of Entrepreneurs ( Industrial Entrepreneurs) (98 Views)

Aerial View Of Harbour Industrial Layout Onitsha-photo / Different Types Of People You Will Meet At The Atm (meme Collections) / 4 Types Of Entrepreneurs In Nigeria (2) (3) (4)

(1) (Reply)

Types Of Entrepreneurs ( Industrial Entrepreneurs) by Yemicious(f): 10:15am On Oct 06, 2021
Types of entrepreneur (Industrial Entrepreneur)
Industrial entrepreneur is solely a manufacturer, who identifies the potential needs of customers and tailors a product or service to meet the marketing needs.
He is a product oriented man who starts in an industrial unit because of the possibility of making some new product.
The entrepreneur has the ability to convert economic resources and technology into a considerably profitable venture.
He is found in industrial units as the electronic industry, textile units, machine tools or videocassette tape factory and the like.

Benefits of industrial entrepreneurs to society
New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created.
Increased employment
Social- economic development of the town where they are established
More income revenue for government through tax
Economic and dynamic activities.

Entrepreneurship is characterized by the following features:

• Related to innovation
• Profit potential
• Risk bearing
• Idea Generation
• Feasibility study

Challenges faced by industrial entrepreneurs

• Location
• Power
• Water
• Communication
• Non-availability or irregular supply of critical raw materials or other inputs.
• Transport bottlenecks
• Infrastructure
• Marketing

Thank you for reading my post. follow us for lots more on @ fabricbyyemia

1 Like 1 Share

Re: Types Of Entrepreneurs ( Industrial Entrepreneurs) by TILORMADE(f): 5:07pm On Oct 06, 2021
Beautiful and lovely!
Re: Types Of Entrepreneurs ( Industrial Entrepreneurs) by Morisakin(f): 5:11am On Oct 07, 2021
Being an industrial entrepreneur in today's Nigeria is not a walk in the park.

(1) (Reply)

Nigeria Qatar Economic And Investment Forum / Aspire Consulting Kaduna Is Recruiting / Who Have Used Chrisvicmall For Shipping Recently.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.