Difference Between Entrepreneur and Entrepreneur
The difference between businessman and entrepreneur is a concept often discussed due to the development of such roles in a changing and constantly evolving economic and business environment to date.
By linguistic definition, the entrepreneur is one who owns or runs a company, while the entrepreneur undertakes a business with innovative ideas. However, due to the nature of the activity they carry out, the difference between entrepreneur and entrepreneur is sometimes not so clear and it is convenient to look at other aspects to be able to establish it faithfully.
As a similarity, we can define that both the entrepreneur and the businessman seek to satisfy needs and concerns by creating a company. Depending on the origin of the people to whom the product or service in question is sought to be offered, we could differentiate that the entrepreneurs are in charge of targeting already defined segments or groups of people while the entrepreneur focuses on a more potential and less defined client. . While the entrepreneur is associated with ideas created to satisfy a personal challenge, the businessman generally pursues an economic return to his effort.
There is also a tendency to think that the term entrepreneur is in some way a euphemism by which entrepreneurs are named, given that the latter term is somewhat reviled or has a deteriorating image in recent years. It should be made clear that you can be an entrepreneur and a businessperson at the same time, in fact all entrepreneurs are usually businesspeople, since they develop an idea and carry it out through a company. However, an entrepreneur can be an entrepreneur or a non-entrepreneur. A person who buys and sells land or inherits a family business for the mere fact of making a profit is a non-entrepreneur.
Main differences between businessman and entrepreneur
Bearing in mind that there are notable differences between these roles, it is worth pointing out some of them that may help to understand the existing separation between the entrepreneur profile and that of the entrepreneur:
- Origin of the idea: The entrepreneur uses an existing one and starts his business, since he generally has the ability to enter an unknown sector and still obtain success and profits. Instead the entrepreneur develops his own concept, acting as an inventor and dedicating his resources to it.
- Rivalry: For the entrepreneur there is a large number of rivals when operating in a competitive environment; to achieve his goals he becomes an employer and assembles competitive teams. On his part, the entrepreneur is more directed towards cooperation, having himself as his only rival. For this reason he looks for people who can join his project following affinities or common interests.
- Where it moves: The entrepreneur deals with the management and direction of his business, although not always with more direct tasks and execution, while the entrepreneur normally takes care of a wide range of responsibilities in his project.
- Productivity and success: The employer seeks to increase his well-being through increased productivity and therefore higher income. On the other hand, the entrepreneur is not only focused on his own benefit in the development of his idea, but also on its growth and the imprint that he can leave on the world.