How Entrepreneur is Different From a Businessman

Many people are confused because of the misconception of entrepreneur and businessman. So, here we are explaining how entrepreneur is different from a businessman. No doubt, in a long run both of these terms can be used interchangeably. But the difference so far must be cleared.

Meaning of an Entrepreneur and a Businessman:

First of all, you must be cleared about the meaning of both terms. What these terms tells you! Because an entrepreneur is different from a businessman. A businessman is someone who provides goods or services to its customers by following a well-defined path. He/ she offers a way of business which already exists in the market.

How Entrepreneur is Different From a Businessman

On the other hand, when we look at the concept of an entrepreneur. It is totally different from the concept of businessman. An entrepreneur is someone who starts an enterprise or an initiative with a base of a whole new concept. He/ she uses a new strategy to make it work.

Purpose of an Entrepreneur and a Businessman:

As we are clear that the term entrepreneur is different from a businessman. So do the purpose. Many businessman start their business because they want to earn some profit. They have their financial goals even for small businesses. Moreover, they are the boss of their own product.

But we have an entirely different purpose when you are working as an entrepreneur. An entrepreneur is a person who wants to change this world for some good reason. In addition to that, they focus on the wellbeing of human beings. A businessman is totally concerned about its goals specifically financial goals. But an entrepreneur is concerned about its offerings to the sphere.

How they Seek Success:

An entrepreneur is not apprehensive about financial conditions. Their success is necessary for this world because both are doing work for this world. Here, an entrepreneur beats the businessman. Because, the success of a businessman lies with the success of his/ her employees, co-workers as well as with the success of the stakeholders. On the other hand, an entrepreneur just wants to accomplish the goals which he has set for him.

Other Factors:

An entrepreneur is different from a businessman because risk factor is certainly high with the case of an entrepreneur. A businessman competes in an existing market where as an entrepreneur makes a new market for himself.

Conclusion:

So, from the definition of entrepreneur and businessman, now you must be able to differentiate between these two terms. The fact is, we know that entrepreneur is different from a businessman and both will provide you an extra ordinary exposure which helps you to groom yourself. Both are related very closely. But the purpose of these two profession are different from each other.

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Article Author Details

Bill Schroder

Bill Schroder is a Beirut-based correspondent for The World Beast. He has reported from over a dozen countries in the Middle East for such publications. Follow: Tweets by @SchroderBill