Small Business Owner Vs Entrepreneur

Among those of us with small businesses there s confusion between the terms small business owner and entrepreneur.

Small business owner vs entrepreneur. The terms entrepreneur business owner and business manager are sometimes used interchangeably because of the roles they play but it is a fact that these three terms are totally different though they may look much alike. Academically merriam webster defines owner through the lens of possession while defining entrepreneur through the lens of the activities involved in owning managing and running a business. Once you ve made this shift in your mindset you ll some very specific competencies.

An entrepreneur plays a different role from a small business manager but a business owner and entrepreneur differ in the. By definition small business owners continue to run small businesses. To an entrepreneur a business is an income generating asset.

Okay but can you call a small business owner an entrepreneur. They want their product or service to stand out from the crowd and they may face hard decisions and obstacles on the path to success. The small business owner wants to focus and work in the business creating a vision for their craft that can be implemented daily.

Both put on a brave face. The key difference between small business and entrepreneurship is that a small business is a limited scale business owned and operated by an individual or a group of individuals whereas an entrepreneurship is defined as the process of designing launching and operating a new business which usually starts as a small business and pursues growth. However with only one trait of the entrepreneur s personality and behavioral patterns taken into account this definition is not detailed enough making its credibility invalid for the.

Entrepreneurs have big seemingly impossible ideas. Therefore they build it like a self sustaining entity. Though the terms are often interchangeable there is a marked difference.

This is the biggest difference between a small business owner and an entrepreneur. Using this definition we can classify a small business owner as an entrepreneur as any individual is taking risks when owning and running a business. Who is an entrepreneur.