Key Differences Between Businessman and Entrepreneur

The following are the differences between businessman and entrepreneur

1. 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.
2. A businessman makes his place in the market with his efforts and dedication, whereas an entrepreneur creates the market for his own business.
3. The businessman is a market player while Entrepreneur is a market leader because he is the first to start such a kind of enterprise.
4. The nature of a businessman is calculative, but an entrepreneur is intuitive.
5. As the businessman follows the footsteps of other businessmen, the possibility of failure is very less which is just opposite in the case of the entrepreneur.
6. A businessman uses traditional methods to run the business. Conversely, an entrepreneur applies unconventional methods for the same.
7. A businessman is oriented towards profit, however, an entrepreneur is a people focused in essence, he gives more importance to its employees, customers, and the public.
8. The businessman faces extreme competition because it is very difficult to gain a competitive position in an already existing market, which is not in the case of an entrepreneur.

The major difference between an entrepreneur and an employee are as follows :  

ENTREPRENEUR :  

(1) Meaning: An entrepreneur is a person who works for himself.  

(2) Works for: An entrepreneur works for freedom.  

(3) Risk factor: An entrepreneur faces high risk  

(4) Terms of work: An entrepreneur himself decides his terms and conditions.  

(5) Degree of freedom: Full freedom enjoyed by the entrepreneur.  

(6) Reward: Entrepreneurs are rewarded with profits.

(7) Role played by them: Entrepreneurs are solution finders.

(8) Perspective: Entrepreneurs look into the future.

EMPLOYEE :  

(1) Meaning: An employee is a person who works for others.  

(2) Works for: An employee works for the security  

(3) Risk factor: An employee faces no risk  

(4) Terms of work: An employee works according to the terms and conditions laid down by his employer.

(5) Degree of freedom: An employee does not enjoy any freedom.

(6) Reward: Employee's reward is their salary.  

(7) Role played by them: Employee's are problem solvers.  

(8) Perspective: Employee's look into the past.