IS A BUSINESSMAN AN ENTREPRENEUR?
Are you a “Businessman” or an
“Entrepreneur”? Well, so many people
use them interchangeably worldwide, what about you? But the fact is that the
meaning they signify is as different from each other as it can possibly be.
In course of ignorance, many businessmen label themselves as entrepreneurs.
In course of ignorance, many businessmen label themselves as entrepreneurs.
Who is a Businessman? A businessman is any person that engages in a series of
economic activities to earn a profit. Okay. Who then is an Entrepreneur? An entrepreneur, on the other hand, is
someone who conceives an idea or a solution to a problem in society, finds
investors and sets up an enterprise to offer his expertise to the general
public.
Is that all, how else is a
Businessman different from an Entrepreneur? There are many differences in
the way both think, operate, and do business.
A businessman starts his business with
an already existing and mostly a well-exploited area whereas an entrepreneur
conceives a fresh concept/idea/solution to start his enterprise. The
entrepreneur has an object to provide a never-tried-before solution to an
existing problem instead of capitalizing on a tried-and-tested idea.
A businessman is afraid to take risks
whereas an entrepreneur is always ready to plunge deep in. A businessman is
apprehensive of trying new things. An entrepreneur is almost habitual of taking
risks.
A businessman is concerned with hiring
people to increase his business productivity whereas an entrepreneur brings
productivity in his employees. An entrepreneur hires people and converts them
into a pool of resource which can be easily and effectively tapped by the
society.
A businessman shies away from changes,
and often finds him at the receiving end of turbulent business environment
whereas an entrepreneur is always eager to face challenging business
conditions. A businessman is apprehensive of changes whereas an entrepreneur
embraces changes.
A businessman, more often than not,
sticks with his older products and is afraid to innovate. An entrepreneur is
renowned for his knack of innovating and creating a better product for the
society. An entrepreneur thrives on his risk taking capabilities and strives to
outshine all his previous products each time.
A businessman stays with the more
traditional way of doing business whereas an entrepreneur is obsessed with
unconventional way of doing things. Beginning from the product idea and going
till after the product has been sold, an entrepreneur makes an effort to be
boldly unconventionally different.
A businessman is known for making
revenue whereas entrepreneurs are focused on creating value. Adding value to
the society is the reason entrepreneurs exist. Entrepreneurs want to bring in a
revolutionary change in the way society thinks and works.
A businessman adopts an idea, starts a business and brings it to life
whereas an entrepreneur plants the seed, nourishes it over years and creates a
value-generating asset for the world; he brings life to his business.
Also read: Which One are You, Top Businessman Advice,
Why young Entrepreneurs Fail, Business and Friends Don’t Mix, Revive Your Dying Business and How to make yourself work.
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