What Are The Types Of Entrepreneurial Activities?

Entrepreneurial activities are extremely varied, depending on the type of organization, which is being set up. There are a number of entrepreneurial activities that take place within a firm. When entrepreneurship is used to denote activities that take place within established conglomerates, it can sometimes be described as intra-preneurship, this includes activities such as corporate venturing, which is generally a financial investment into with a larger company taking an equity stake in a smaller company.

Other entrepreneurial activities include:

• Venture capital - This is usually sought by more 'high value' entrepreneurial ventures. Venture capital is money for the entrepreneurs and businesses to buy what they need to make their products or provide services (financial capital), especially needed for early-stage, high-potential, high-risk growth start-up companies. The venture capital fund makes money through capital gains on the equity share of the companies it owns; which tends to be biotechnology, IT, computer software companies.

• Angel funding - This is an alternative to venture capital. An angel investor is a wealthy individual who provides capital for a potential business to start up, usually in exchange for convertible debt or some ownership in the organization. Some entrepreneurs will look towards angel investors, and this is sometimes referred to as 'seeding money'.

Non-executive director - Some entrepreneurs serve as a non-executive director rather than starting up a business of their own. A non-executive director, sometimes known as an 'outside director' is a member of the board of directors of an organization, who does not form part of the executive management team. I.e. They do not have any problems conferred onto them, and they don't hold responsibility of making any final decisions.