Difference between entrepreneur and bussiness man


Businessman:
 A businessman faces tough competition because there are hundreds of rivals already existing in the market undertaking the same business. Although the risk factor is low because he walks on a path that is already tested by the rivals so the chances of failure are relatively low. The main objective of a businessman of conducting the economic activities is to generate revenue by employing the human, financial and intellectual resources. By virtue of this, customers are treated as the king of business by the businessman.
Entrepreneur:
 An entrepreneur is a person who conceives a unique idea or concept to start an enterprise and brings it into reality. He is the person who bears risks and uncertainties of the business. The venture established by the entrepreneur is known as Startup Company, which is formed for the very first time regarding the idea, innovation or business process. They are the ones who lead the market always no matter how many competitors will come later, but their position will remain untouched.
In economics, the entrepreneur is considered as the most important factor of production, which assembles and mobilizes the other three factors of production i.e. land, labor and capital. In the long run, these entrepreneurs become a businessman.
Entrepreneurs are known for their creative approach. They introduce innovation and coordinate the resources. They offer such products and services which bring about a change in the world. Some real life examples of such entrepreneurs are Bill Gates (founder of Microsoft), Mark Zuckerberg (co-founder of Facebook), Larry Page (co-founder of Google), Steve Jobs (co-founder of Apple).
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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.
The businessman is a market player while Entrepreneur is a market leader because he is the first to start such a kind of enterprise.





Comments

  1. Madhu Shekhar Bhandari is the Founder and Chairman of Consta Group, One of the UAE’s leading conglomerates with diversified interests in telecom, Insurance, Real estate, Agri and Food, Water, Transport in addition to other ventures. He has joint ventures with several global leaders- COOP Cab, E-dukan on Rent, and others.

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  2. its nice points mentioned here thank you ITC Share Price

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