One pursues his dream with all his resources, the other uses the resources of any dream to generate economic benefits. However, there are other aspects that explain the difference between an entrepreneur and a businessman.
For many people, talking about entrepreneur and businessman could refer to the same topic, but seen from two different perspectives. This is somewhat true. Both have similarities that lead them to follow the same path, however, they have many factors that clearly mark a contrast between them.
According to the Royal Spanish Academy , the word entrepreneur means “a natural or legal person who carries out an economic, business or professional activity that involves the assumption of economic risks”. At the same time, businessman is “the owner or manager of an industry, business or company”. Although both definitions have the business field in common, they can be significantly differentiated.
Differences between entrepreneur and businessman
What it means to be an entrepreneur or a businessman , as well as what their fields of action and functions represent, are separated by a tiny line that marks their differences. Both generate work, offer solutions to clients and develop areas of the economy of countries . However, it is important to know how their points of view confront each other in the following aspects:
The profile
The entrepreneur easily adapts to any type of situation, however, he concentrates on developing the product or service he has in mind and that responds to some need. Meanwhile, the businessman has the ability to direct and manage almost any type of company, although he can also be the owner or shareholder.
Business ideas
Basically, an entrepreneur creates, invents and develops his own business ideas, investing energy, time and money in doing so, as well as getting personally involved. For his part, the businessman adapts to any idea – whether original or someone else's – that he sees as an opportunity to develop a company.
The purpose
The main goal of an entrepreneur is to follow his passion and do something meaningful for society, focusing on making a difference with his work. The entrepreneur is driven by the development of companies that generate economic benefits and achieve financial objectives for himself and for the shareholders.
The level of risk
Risks are not an obstacle for entrepreneurs, as they will do cpa email list anything to make their business idea a reality, no matter how much time or money it costs. On the other hand, businessmen calculate very well the risks they can manage, the last thing they want is to lose, so they carefully analyze any decision.
The collaborators
For an entrepreneur, employees or workers are his peers, whom he leads to help them grow and achieve their dreams. For his part, the entrepreneur behaves like the boss or manager who hires qualified personnel to use their skills to promote the growth of the company, through productivity.
The money
The entrepreneur sees money as a tool that allows him to achieve what he has in mind, so if he suffers financial losses, he can quickly recover and start again. But, for the businessman, losing money is a real tragedy, so this issue becomes one of his greatest concerns.
The organization of time
If anyone is not aware of the time it takes to produce, finish and optimize their product or service, it is the entrepreneur, who works as many hours as necessary, any day of the week. For the entrepreneur, time planning is the key; an agenda must be fulfilled at the established time.
The attitude
The entrepreneur maintains a positive attitude by devoting time, effort and money to achieving his goals. However, the businessman seeks security and stability at all costs, and to do so he focuses on creating strategies and making profitable decisions so that the company he manages stands out in the market.
The way of working
While entrepreneurs like to surround themselves with a small group of co-workers or collaborators, businessmen prefer to have a large number of qualified professionals whom they can manage. For this reason, entrepreneurs always work alongside their employees and businessmen coordinate, delegate and manage.
Clients
For entrepreneurs, customers are people whose problems they must solve and who they cannot disappoint. However, for business owners, they are their source of income; they represent the essence of their business because they are the ones who buy their products or services to generate economic benefits.