DIFFERENCE BETWEEN BUSINESSMAN

AND ENTREPRENUERS
PREPARED BY: MARILOU O. AQUINO
A person who brings his unique idea to run a startup
company is known as an entrepreneur. A businessman is
a person who starts a business on an old concept or idea.
A businessman makes his place in the market with his
efforts and dedication, whereas an entrepreneur creates
the market for his own business.

Entrepreneur and businessman the same?

It is a common assumption that businessman and
entrepreneur are the same, but both words refer to a
different individual possessing a distinct approach to
business. to put is in other words, a businessman follows
a set path engraved by some other person with an
unoriginal idea, whereas an entrepreneur thinks.
Businessman and Entrepreneur
It is a common assumption that businessman and
entrepreneur are the same, but both words refer to a
different individual possessing a distinct approach to
business. to put is in other words, a businessman follows
a set path engraved by some other person with an
unoriginal idea, whereas an entrepreneur thinks and
believes in making his own path with new ideas.
Who is a Businessman?
A businessman is an individual who operates or starts a
business with the same old business idea. The
businessman chooses to do business that is high in
demand or give him maximum profits in return.
Who is an Entrepreneur?
An entrepreneur is an individual who has an exclusive
idea to initiate and establish a new venture and bring a
change in the world. An entrepreneur is highly creative
and innovative, takes a risk and endures the
unpredictability of business. The business started by
entrepreneurs with a new concept for the first time is
known as Start-up. The entrepreneur is an integral part
of the operation, who builds and deploys the other
functions of the operations i.e. labour, land, and capital.
Later in the future, the entrepreneur becomes a
businessman.
 Businessman Entrepreneur

Definition

A businessman is an individual who operates or An entrepreneur is an individual with an

starts a business with the same old business idea. exclusive idea to initiate and establish a new
venture

Market state

Market player Market leader

Market

Makes his place in the market Creates a market

Risk factor

Less Approximately high

Procedure

Traditional/Ordinary Unconventional

Focus

Profit Employee, customer, and public

Competition

Extremely High Low

A businessman makes his place in the market with his
efforts and dedication, whereas an entrepreneur creates
the market for his own business. The businessman is a
market player while Entrepreneur is a market leader
because he is the first to start such a kind of enterprise.

What is difference between entrepreneur and

businessman?
In the future, an entrepreneur can become a
businessman. ... However, between businessman and
entrepreneur, there is a thin line difference businessman
is a market player, whereas, the entrepreneur is a
market leader.
What are the similarities and differences between social
and business entrepreneurship?
Similarities are both of them have the ability to find
opportunity and make a significant impact on society.
Differences are commercial entrepreneurs try to meet
people's needs, while, social entrepreneurs seek to
reduce the needs.
7 Steps to Becoming an Entrepreneur
Step 1 Find the right business for you. .
Step 2 Determine if you should get an education. .
Step 3 Plan your business.
Step 4 Find your target group/audience. .
Step 5 Network. .
Step 6 Sell your idea.
Step 7 Market.
What makes a successful entrepreneur?
An entrepreneur should be highly energetic and
motivated. ... Passion, resourcefulness, willingness to
improvise and listen to others and strong determination
to succeed is what makes an entrepreneur successful.
And this is what you have to keep in mind as well if you
want to be a successful entrepreneur yourself.

What is an entrepreneurial business?

An entrepreneur is an individual who creates a new
business, bearing most of the risks and enjoying most of
the rewards. ... Entrepreneurs who prove to be
successful in taking on the risks of a startup are
rewarded with profits, fame, and continued growth
opportunities.
What skills does an entrepreneur need?
Ten skills you need to have as an entrepreneur:
Curiosity. Great entrepreneurs are tasked to discover
new problems, reveal potential niche opportunities,
refactor their original business process, and innovate. ...
• Time management. ...
• Strategic thinking. ...
• Efficiency. ...
• Resilience. ...
• Communication. ...
• Networking. ...
• Finance.
5 Characteristics of a Successful Entrepreneur
Humility and self-awareness. Sir Richard Branson,
founder of the Virgin group, believes that successful
entrepreneurs show humility. ...
• Customer orientated. ...
• Cost efficient. ...
• Highly adaptable and future orientated. ...
• Risk-taker and not afraid of failure.
Who is an entrepreneur?
An entrepreneur is an individual who creates a new
business, bearing most of the risks and enjoying most of
the rewards. The entrepreneur is commonly seen as an
innovator, a source of new ideas, goods, services, and
business/or procedures.
These business skills are essential
• Financial management. Being able to effectively
manage your finances is critical. ...
• Marketing, sales and customer service. .
• Communication and negotiation. .
• Leadership.
• Project management and planning.
• Delegation and time management. .
• Problem solving.
• Networking.
THANK YOU…