To understand the difference between being an entrepreneur and a business owner, first you have to know what the titles themselves mean. An entrepreneur means a person who invests, and operates a business dealing with financial threats. On the other hand A business owner is a person who owns a business organization trying to achieve successful operations. On this page we will discuss, if entrepreneurship and business are the same thing or not.
Are entrepreneurship and business the same thing?
A modern study discovers that the difference between entrepreneurship and business lays in the agency’s legal position, as entrepreneur has the urge to merge, in contrast business holders are not.
Differences Between Entrepreneurship and Business
entrepreneurship Goals: wide growth, financial gain, and innovation. Entrepreneurs want to be the most famous brand from the service of production, and quality, as they desire to make a huge difference in the market through creating distinctive products.
management strategy: depend on long-term planning, and high risk, on the contrary of the conception people think about Entrepreneurs, they study, plan as much as possible to reduce possibility of loss, and waste, before seeking, or decide to develop any project.
Small Business Goals: keeping the systematic business, without caring about achieving high growth, or earning huge profit, as the most important thing to them guarantee seniority, frequent progress, and the work they carry out day-to-day.
management strategy: low risk, flexible, although there might be feeling of suspicion at early stages, but after achieving some achievements, and conquering some difficulties small business become more stable, and own specific routine in their process. Also environment is more relaxed comparison with entrepreneurship, as everybody take over his mission in completely peaceful atmosphere.