Have you ever thought about Entrepreneurship, If yes then you should also know about First and Second Generations Entrepreneurs. so here is the difference between both in a simple and short article which you like.
First Generation Entrepreneurs :- Those Entrepreneur which are known for there risk taking ability and who do not have much brand awareness are called I st Generation Entrepreneurs. The I st Generation Entrepreneur have a lot of trust on there gut feeling and therefore there is equal probability of success or failure.
Second Generation Entrepreneurs :- Those Entrepreneurs who are risk averse in comparison to there peers, and they take each step very carefully after research and process, apart from these they are just opposite to I st Generation Entrepreneurs who go by there gut feeling , the II nd Generation Entrepreneurs are also more brand conscious.
Moreover I st Generation Entrepreneurs can even start in a garage or there own house while if you talk about II nd Generation Entrepreneurs they would at least start working in a small size office since they like to work in process.when the I st Generation Entrepreneurs passes the business(if successful) to II nd Generation Entrepreneurs its the hard-work of I st Generation Entrepreneurs which can be clearly seen when passed to II nd Generation Entrepreneurs on contrary, II nd Generation Entrepreneurs are lucky to get the legacy from Ist Generation Entrepreneurs, because they will not have to much efforts than what I st Generation Entrepreneurs have made in the success of the company.
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