Intro to Business
Entrepreneurs & Business Owners Are Not The Same
Entrepreneurs, is someone who is willing to take risks to try to create something. According to investopedia.com, an entrepreneur is an individual who, rather than working as an employee take risk and reward of a business venture. A small business owner is someone who owns a business with less than 500 employees. These are some of the differences between the two.
First, small business owners have great ideas and entrepreneurs have big ideas. A small business owner might have seen a job to fill and decide to fill that space by doing something like opening a store. An entrepreneur on the other hand, will see a potential for something big and try to get it as big as possible. Entrepreneurs tend to try to innovate instead of being an opportunist like small business owners might do.
Second, small business owner’s tend to be a little bit more conservative in terms of risk. Entrepreneurs are risk takers and the successful ones have to live in fear for them to become successful. It is usual for entrepreneurs to be in huge risk because they are usually doing something barely ever done before. Small business owner’s do have risk but maybe not as much as an entrepreneur.
Lastly, small business owner’s are usually very sentimental with their business. As entrepreneurs are looking to scale their business for it to get to as many people. You might hear small business owner’s to say that their business is like their babies as entrepreneur looks at their business like an asset.
The main point of this is that many people get small business owner and entrepreneur mixed up. They use it interchangeably but there are some huge differences between the two. Small business owner’s usually have these similar characteristics; they have great ideas, they usually are conservative in terms of risk, and they are very attached to their business....