The Profile of Entrepreneurs

According to khan (2006). It seems reasonable to have a look on the working profile of
entrepreneurs. The following is the list of characteristics and traits to show a working profile of
entrepreneurs.

CHARACTERISTIS TRAITS
1. Drive Responsibility, vigor, initiative, persistence,
ambition
2. Self-confident Confident. Independence, optimism,
individuality
3. Risk Risk taking ability, likes challenges
4. Task result oriented Profit-oriented, need for achievement, profit-
oriented, energetic
5. Mental ability Overall intelligence, analytic thinking ability,
creative thinking.
6. Leadership behavior Gets along with others, responsive to
situations, and criticism
7. Human relations Emotional stability, healthy personal relations
8. Ability Sociability, thankfulness, consideration
9. Originality Innovative, creative, resourceful
10. Communication ability Perceptive, future oriented, has foresight

Distinction between an Entrepreneur and Manager

Generally, the two terms, entrepreneurs and manager are used interchangeably but they differ
in their meaning.

BASIS OF DISTINCTION ENTREPRENEUR MANAGER

1. Status An entrepreneur is the owner A manager is just an employee

of his enterprise.
2. Target The main target of an
entrepreneur is to start his
venture by setting up a sole
trader of a firm or company.
3. Decision making All of policies, strategies and
in the enterprise which is
owned and run by an
entrepreneur.
The main goal or motivation of
a manager is gives his services
to an enterprises established
by an entrepreneur.
All managerial operational
 decisions like those comprising
of expansion, diversification,
take overs, mergers,
Capital budgeting affairs,
pricing policy etc. are made by
entrepreneur.
decision which would have
impact on the short. And
medium-term result are taken
by managers.

4. Rectification of wrong The wrong decisions taken by The wrong decisions taken by
decision the entrepreneur may not be manager can be amended and
rectifiable and may result in rectified by the entrepreneur.
losses or even closure of the
unit.
5. Innovation An entrepreneur innovates A manager is merely an officer
and exploits his innovation of an executive who is
commercially. appointed for the promotion
of the unit. He simply
implements the plans
prepared by entrepreneur.
6. Caring An entrepreneur undertakes A manager does not bear any
all risk and uncertainly of risk because he is a paid
running his enterprise. employee.
7. Skills The skill expected from an A manager depends on public
entrepreneur is in the form of dealing abilities and
creativity, innovation, desire conceptual abilities.
for high achievements,
intuition, etc.
8. Qualification The entrepreneurs does not A manager now a days need to
need to have distinct degree possess a degree in the stream
from a reputed university, of management theory and
practice.
9. Reward The reward of an entrepreneur A manager gets his monthly
is the profit he earned. salary as his reward for the
servicers he rendered.