ABSTRACT
Entrepreneurship is now widely acknowledged as one of the important drivers of economic growth (Balunywa 2009). While economic policy and the macroeconomic environment provide a context for economic growth, it is the entrepreneur who instigates growth through innovation, perception of opportunities, actual business start up and successful management that leads to wealth creation. Entrepreneurs are different types including nascent, those who are about to start a business; novice, those who have just started businesses; and habitual, those who always start businesses. Nascent entrepreneurs have no contribution to economic growth. Novice entrepreneurs have little contribution because they are still in the learning process. It is the habitual entrepreneurs who have a significant contribution to growth. Habitual entrepreneurs include serial, who own and manage one business at a time, and portfolio, who own and or manage more than one business at a time. Large-scale portfolio entrepreneurs by far make the greatest contribution to growth because not only do they have several businesses but they are also large-scale operators.
