Some types of entrepreneurs have adaptability towards creation and innovation. They want to achieve substantial profits. For this purpose, they want to implement new and creative ideas in their business. And also they are very particular about cost reduction and sufficient production.State entrepreneur is a government entrepreneur. It is an business or industrial undertaking. Here the government holds the full authority. It is the sole owner. The government will manage all the profits and losses involved with it.Joint entrepreneur is an joint entrepreneurship. Private entrepreneur and the government jointly form this joint entrepreneurship. They are called as joint entrepreneurs. The joint entrepreneurs share the risk and profits. The sharing process will be done on the basis of their agreement and understanding. The percentages of their sharing will depend on their agreement.