businessman-and-entrepreneur

Difference between businessman and entrepreneur

The difference between businessman and entrepreneur is an often discussed concept due to the development of these 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 runs 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 advisable to look at other aspects in order to establish it faithfully.

As a similarity, we can define that both the entrepreneur and the entrepreneur seek to satisfy needs and concerns through the creation of a company. Depending on the origin of the people to whom you want to offer the product or service in question, 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 customer. While the entrepreneur is associated with ideas created to meet a personal challenge, the entrepreneur 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 for which entrepreneurs are named, given that the latter term is somewhat reviled or has deteriorated in image in recent years. It should be made clear that you can be an entrepreneur and an entrepreneur at the same time, in fact all entrepreneurs tend to be entrepreneurs, 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 is dedicated to buying and selling land or inherits a family business merely for profit, is a non-entrepreneurial 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 separation between the profile of an entrepreneur versus that of an entrepreneur:

  1. Origin of the idea: the entrepreneur uses an existing one and starts his business, since he usually has the ability to enter an unknown sector and still obtain success and benefits. Instead the entrepreneur develops his own concept, acting as an inventor and dedicating his resources to it.
  2. Rivalry: for the entrepreneur there are a large number of rivals when operating in a competitive environment; To achieve his goals, he becomes an employer and assembles competitive teams. For his part, the entrepreneur is more focused on cooperation, having as his only rival himself. For this reason, look for people who can join your project following common affinities or interests.
  3. Where it moves: the entrepreneur is in charge of the management and direction of his business, although not always with more direct and execution tasks, while the entrepreneur usually takes care of a wide range of responsibilities in his project.
  4. Productivity and success: the employer seeks to increase his well-being through increases in productivity and therefore greater income. On the other hand, the entrepreneur does not focus solely on his own benefit in the development of his idea but on the growth of it and the mark that it can leave on the world.