利用者:BradfieldKoger456
出典: くみこみックス
Seven Top Differences Between Entrepreneurs and Businessmen
Entrepreneurs and businessmen are most of the time interchangeably used. I too happen to be guilty of using one or even the another sometimes. However, Personally i think that there is a factor between the way entrepreneurs run their venture and businesses run their operation. Entrepreneurship is all about assuming risk and accepting whatever rewards or failures that occur subsequently. A businessman on the other hand follows a well known path and takes lesser risk than an entrepreneur.Let us look at some of the points where entrepreneurship is different from running the business.
Entrepreneur are in the business of making something new The purpose of clients are to recycle these products. Hence business is more like trading. By trading I mean purchasing goods from one place and selling in the other. It may also involve manufacturing at some step but the fundamental principal remains the same. Entrepreneurs create something new. They identify an issue and try to create innovative solutions that help reduce or eliminate problems. Even if they do trading, they'll apply innovative techniques to it. Allow me to give you an example. If an who owns retail chain is adding internet sales among his channel, he is just being a businessman trying to find new methods for getting good business. If however he goes an creates an innovative product that never existed before, he is becoming an entrepreneur. Here, he's taken the risk upon himself. Entrepreneur's "Business" is exclusive An entrepreneur won't operate in places that there's already an audience. He will use his scarce money to understand more about new. He will for example, go for new channels of sales( internet, m-commerce etc), innovative products ( a brand new software), innovative marketing strategies( viral marketing) etc. He side steps the market that is too competitive and works in a niche area. Entrepreneur puts their own money first Since individuals are not convinced of his ideas, entrepreneur needs to put his money on the road first. He has to reveal that a market exists for the products he is creating. Then only he is able to get external finance. This is in contrast to a normal business, where it's known that market exists and therefore investors are more willing to invest in such businesses Entrepreneurs working with new innovative products convey more breakout chances If the potential risks are high, so are the rewards. An effective entrepreneur reaps more monetary benefits than his business counterpart. A normal business with lower risk will get lower returns around the capital it invests. The surety of creating profit regular business is in addition to that of entrepreneurship though. Entrepreneurs experience more uncertainty than regular businesses Entrepreneurship is definitely more riskier and uncertain than conducting an ordinary business. An entrepreneur faces the question just about every day about success of his product, cost of developing the product, customer's adoption, team motivation and anything else. There's uncertainty and un-evenness of sales. A normal business however has pretty much regular sales and is less uncertain than an entrepreneurial venture Entrepreneurs share business ideas with team Entrepreneurs develop vision plus they canrrrt do it alone. So an entrepreneur constantly must remind his team and himself about what they're creating and why it will work. A business owner has to look for new methods to motivate the employees. The roles of employees change frequently based on the perceived business conditions In a business however, the roles of workers are same through the life time from the business Entrepreneurs share the success using the team Entrepreneurs don't have much cash to offer. So they offer equity for their employees. When the venture works everyone that has a shares becomes rich. Among the prime example is Infosys technologies in Bangalore. It's created so many millionaires simply by distributing equities towards the founders and employees of the company. A company on the other hand is less open to sharing equity with employees and would pay higher salaries to compensate for it.
I nowhere state that businesses cannot be entrepreneurial or vice versa but that there's a significant differences between your way a entrepreneurial venture and a business works. A business however may become entrepreneur by doing something innovative while entrepreneur can help to eliminate the uncertainty when you are a lot more like a company.
