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10 Differences between a Businessman and Entrepreneur

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10 Differences between a Businessman and Entrepreneur Are you a businessman or an entrepreneur? Have you ever wondered what’s the difference between the two? Business people and entrepreneurs have many similarities. They both provide jobs for the unemployed, give solutions to the consumers, and help in developing the economy of a certain nation. However, they are not the same kind of people. The following are 10 differences between a businessman and an entrepreneur: 1. On the originality of idea A businessman can make a business out of an unoriginal business or product idea. He enters into existing businesses, such as franchising and retailing. He chooses a hot and profitable business idea regardless of whether it is his original idea or borrowed from someone else. An entrepreneur is an inventor and the first creator of a product. He invests time, energy and money on his own idea. He doesn’t start a business from an unoriginal idea. That is why he starts on a startup ...

What is an 'Entrepreneur'

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                      Entrepreneur What is an 'Entrepreneur' -> An entrepreneur is an individual who, rather than working as an employee, founds and runs a   small business , assuming all the   risks   and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures. Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to anticipate current and future needs and bring good new ideas to market. Entrepreneurs who prove to be successful in taking on the risks of a  startup  are rewarded with  profits , fame and continued growth opportunities. Those who fail suffer losses and become less prevalent in the markets.