Are
you a businessman or an entrepreneur? Have you ever wondered what’s the
difference between the two?
Business people and entrepreneurs have many
similarities. They both provide jobs for the unemployed, give solutions
to the consumers, and help in developing the economy of a certain
nation. However, they are not the same kind of people. The following are
10 differences between a businessman and an entrepreneur:
1. On the originality of idea
A businessman can make a business out of an unoriginal business or
product idea. He enters into existing businesses, such as franchising
and retailing. He chooses a hot and profitable business idea regardless
of whether it is his original idea or borrowed from someone else.
An
entrepreneur is an inventor
and the first creator of a product. He invests time, energy and money
on his own idea. He doesn’t start a business from an unoriginal idea.
That is why he starts on a startup while a businessman
starts on a business.
2. On the purpose of doing
Most businessmen are doing business for profit, livelihood, for
reaching their financial goals, and for becoming their own boss. Though,
there are some business people who are not profit-oriented but
people-oriented, that is, they are more concerned on the welfare of
their workers and the satisfaction of their customers. Entrepreneurs are
more concerned on changing the world. They want to pursue their passion
and achieve an ultimate goal. They are not keen on financial returns,
rather they are focused on what they can offer to the world. Their
purpose for entrepreneurship is simply to make a difference in this
world.
3. On the degree of risks taken
Businessmen take calculated and managed risks. They cannot afford to
lose money and suffer from bankruptcy. That is why they always do the
Math when it comes to business. Entrepreneurs are like sky divers. They
take crazy risks. They often don’t care of losing time and money just to
pursue their passion. But since they do it with love, joy and passion,
they often gain extraordinary rewards. Entrepreneurs, since they do the
things they love the most, they do it with the best of themselves,
resulting to greater success.
4. On how he treats employees
A business owner is an employer and a manager. He hires employees and
workers to help his business grow. An entrepreneur is a friend and a
leader. He finds peers and PEOPLE, whom he will never treat as machines.
He invites them to help them grow.
5. On how he treats customers
A business owner usually sees customers as his source of sales and
revenues. For him, customers are the lifeblood of his business. An
entrepreneur sees customers as his source of duty and fulfillment. For
him, customers are his own life blood.
6. On how he sees the competition
A business owner tries hard to beat his competitors and win the
competition. He also considers cooperation rather than competition to
achieve certain goals. An entrepreneur tries hard to beat his worst
competitor – himself.
7. On what he thinks of money
Losing money is one of the biggest worries of businessmen. Most
business owners rely on a good economy to start, operate and attain
success in business, especially in the retail, franchising and financing
industry. Entrepreneurs do not worry a lot about money since they can
always start from a scratch. Some entrepreneurs don’t really care about
money at all.
8. On how he deals with time
A businessman doesn’t waste time. He always check the clock and
doesn’t want any work or output to be delayed out of schedule. He is
fast and always on the go. An entrepreneur works like an artist or a
scientist in a lab. His product is his masterpiece. That is why he can
be slow and could spend a longer period of time to finish and perfect
his product.
9. On how he sees the world
A businessman sees the world as an opportunity. He sees it as an
opportunity to make a living. He also sees it as an opportunity help the
people living on it. An entrepreneur sees the world as a duty rather
than an opportunity.
10. On how he defines success
A businessman defines success as the success of his business and its
stakeholders. Its stakeholders include himself, co-owners, employees,
customers, investors, and even his community. An entrepreneur doesn’t
define success. He simply do his job and let history defines the success
that he accomplished. Remember that this list is only according to my
own opinion, and I don’t mean to put one of them on top of the other.
Both businessmen and entrepreneurs are supposed to be the kind of people
that our world needs. A businessman needs an entrepreneur. An
entrepreneur may also need a businessman. There can also be a person who
is partly a businessman and partly an entrepreneur.
SOURCE: redjester.net
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