in the Black American Communities.
by Pree Dammond
As a Life Coach and Business Consultant, I like to share information with groups that lead to personal and business growth. I read and experience a lot which brings me to conclusions that are worth sharing in attempts to heal a poorly damaged community. After a series of networking events that I’ve personally produced and host, I’ve come to presumptions that there are 4 types of Entrepreneurs in the Black American Community. Before going into them, I will define the classic definition of an Entrepreneur.
An Entrepreneur is “a person who organizes and manages a business, assuming the risk for the sake of the profit.” In short, an Entrepreneur is anyone of any age who takes the risk of losing money in attempts to make more money.
1. The Corporate Mind Entrepreneur:
This person operates on a foundation of standard business principles and procedures. This person does not cut corners or utilize many if not any loop holes to alter the nature flow of ideal business. This person is very meticulous to details and finds honor in generating capitol through fair business practice and corporate networks. This Entrepreneur tends to be drawn towards international business affairs, the acquisition of securities, implementation of new technology, the acquisition of government contracts, and corporate partnerships.
2. The Hustler Mind Entrepreneur:
Also known, as the Master of none Entrepreneur, tends to jump on board almost any project in attempts to secure profit and attain gain. This person is someone who may not know or understand the core ethics principle of business or fair business practices. This person doesn’t think of business longevity but only immediate gratification from the work put into a business endeavor. This type of entrepreneur will seldom become wealthy from his business endeavor. This entrepreneur is more likely to utilize any profits or gain to sustain his or her personal life.
3. The Creative Mind Entrepreneur:
This person is typically an artist of some sort who finds it very easy to create unique things. This person could possibly be a hobbyist but chooses to sale or make a profit from their creations, making them an Entrepreneur. An example of a Creative Mind Entrepreneur would be a Basket Weaver, or an Artistic Painter. To highlight someone specifically, Ta'Kisha N. Gatling from Atlanta Georgia, who titles herself as the Blingologist uses her creative mind to design amazing handbags and purses for trendy women abroad. You can learn more about Ta'Kisha by visiting her site.
Most Artists would prefer not to manage a business but would rather spend their time creating new products and new things. Many times, a Creative Mind Entrepreneur could benefit from hiring a consultant or business operations manager to run and manage the Marketing, Sales, and Advertisement of their business so that they could spend the rest of their time creating.
4. The Inventor Mind Entrepreneur:
Also known, as the tinkerer, tends to spend most of their time experimenting on new concepts that leads to inventing something innovative and edgy that simplifies the lives of others. An Example of an Inventor Mind would be William Hunter Dammond, who is notated as the Inventor of the switching mechanism that allows trains to change positions on Rail road tracks.
Most Inventor Mind Entrepreneurs spend a life time trying to invent and protect something unique and useful. They will only become rich or wealthy; if they are able to properly patent their ideas, market, and sale their new invention to the world. Bill Gates is a successful Inventor Mind Entrepreneur renowned for the invention of Microsoft and Windows based Computers. He helped to revolutionize the way computers communicate and energized the growth in the modern technology industry through simplifying the way we manipulate data. A few Inventor Mind Entrepreneurs turn to Late Night Infomercials as a means to market and sale their new inventions. It has been statistically proven that many inventor mind entrepreneur have become successful by effectively producing demonstration commercials that entice the public to buy their products.
There are several other types of Entrepreneurs; however I pick these top 4 as the most seen in the Black American communities.
Feel Free to share your comments and your links to your site if you are thinking of entrepreneurship or are in fact an Entrepreneur yourself.