Entrepreneur vs businessman, what’s the difference? While there is a lot of overlap between the two of them, but there are some fundamental differences.
Everyone has their own opinion about the differences, here are a few things I notice between the two of them:
Entrepreneur vs Businessman: Profit vs Invention
One of the biggest differences between an entrepreneur vs businessman is their reason for doing business, what their overall motivating factor is. An entrepreneur is an inventor, they create something from nothing. A new thing that didn’t exist before to solve a problem that their future customers have.
Inventing doesn’t mean creating a lightbulb to give the world light, nor does it necessarily mean making the latest and greatest new app. An entrepreneur can simply find a way to take something that exists, like marketing consulting, and make it work better.
A businessman, on the other hand, joins a company that already exists and works for profit. Sometimes this means joining XYZ Corporation, other times that can be opening a new business as part of a large one, like a franchise.
Simply put, entrepreneurs work to build and create. Businessmen (and woman) work for profit, whether that be a paycheck for them or the overall profit for shareholders and other parties.
Entrepreneur vs Businessman: Risk vs Reward
You see another major difference between entrepreneur vs businessman when it comes to risk vs reward. Entrepreneurs are often all risk, and while they may hope there is a reward in the end, that’s not the overall goal. They risk because they truly believe in what they’re doing.
Businessmen, on the other hand, work towards reward with minimal risk. They’re willing to give up time but risk isn’t really on their radar and goals lists. Their focus is really on the reward.
And entrepreneurs never stop. There tends to be a lack of slow-down period for entrepreneurs, and once they start taking on risk, they tend to be willing to take on more.
Entrepreneur vs Businessman: Defining Sucess
When it comes down to it, I find there’s a difference between the definition of success when it comes to entrepreneur vs businessman.
While there are successful entrepreneurs, I’m not sure they ever truly define themselves as successful. They reach levels of success, but perhaps never the full “thing.” The success of an entrepreneur is typically defined by the success of their customers—and they can always be more successful.
On the other side of things, a business person typically has an end goal. Perhaps it’s CEO, Vice President of something or even a franchise that makes a certain monthly income, but their success is defined by personal milestones.
Both types of success have their own merit, and both business persons and entrepreneurs can be wildly successful (or utterly not) depending on their situation.
Entrepreneur vs Businessman
When it comes to entrepreneur vs businessman, there is no right or wrong. Both are genuine contributors to the business world, and quite frankly we need both. Whether you’re an entrepreneur or a businessman, there is a place for you.
What do you think the differences between an entrepreneur vs businessmen area? Share in the comments below!
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Tae started out as a journalist before following the money into the corporate world. But it turns out that the grass isn’t always greener and now you can find her spending most of her time writing about all the things she loves. Namely, money, travel and business with a hefty dose of self-deprecating humor. She is a podcast fanatic, blogging aficionado and loves to find new ways to turn passions into cold hard cash!