Four Entrepreneur Types
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A framework for understanding different types of entrepreneurs and their roles in business development, as explained through the example of Chipotle.
The Four Types of Entrepreneurs
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Innovators
- First to create something new
- Example: The person who "rolled the first burrito"
- Creates the initial product or concept
-
Remixers
- Takes existing concept and repackages it
- Creates branding and presentation
- Example: Person who created Chipotle's concept
- Adds their unique spin to proven ideas
-
Scalers
- Takes proven business model and expands it
- Focuses on growth and expansion
- Example: Person who scales Chipotle to 100 locations
- Makes the business model repeatable and scalable
-
Optimizers
- Sits on top of established business
- Ensures business doesn't "blow up"
- Maximizes efficiency and output
- "Gets as much juice out of the lemon as possible"
Key Characteristics of Successful Scalers
- Focus on proven concepts
- Build on what already works
- Excel at making things scalable
- Choose "boring" but reliable businesses
- Build for long-term sustainability
- Can create "100-year businesses"
- Focus on undisruptible industries
Business Timeline Perspective
- Some businesses require 5-year planning chunks
- Others can be built for century-long sustainability
- Choice of business type affects planning horizon
10:13 - 11:20
Full video: 01:10:56AW
Andrew Wilkinson
Co-founder of Tiny
Wilkinson is the co-founder of Tiny Capital, which owns companies including AeroPress, MetaLab and Dribble. He is also the co-founder and chairman of WeCommerce, a holding company that starts, buys, and invests in the world’s top Shopify businesses.