Difference between businessman and entrepreneur

The difference between entrepreneur and entrepreneur is an often discussed concept due to the development of such roles in a changing and constantly evolving economic and business environment to date.

Difference between businessman and entrepreneur

By linguistic definition, the entrepreneur is one who owns or runs a company, while the entrepreneur undertakes a business with innovative ideas. However, due to the nature of the activity they carry out, the difference between businessman and entrepreneur is sometimes not so clear and it is convenient to look at other aspects to be able to establish it faithfully.

As a similarity, we can define that both the entrepreneur and the businessman seek to satisfy needs and concerns through the creation of a company. Depending on the origin of the people to whom it is sought to offer the product or service in question, we could differentiate that entrepreneurs are in charge of targeting already defined segments or groups of people while the entrepreneur focuses on a more potential and less defined client . While the entrepreneur is associated with ideas created to meet a personal challenge, the entrepreneur generally pursues an economic return on his effort.

There is also a tendency to think that the term entrepreneur is in some way a euphemism by which entrepreneurs are named, given that the latter term has been somewhat reviled or has deteriorated in image in recent years. It should be made clear that you can be an entrepreneur and a businessman at the same time, in fact all entrepreneurs are usually entrepreneurs, since they develop an idea and carry it out through a company. However, an entrepreneur can be an entrepreneur or a non-entrepreneur. A person who is dedicated to buying and selling land or inherits a family business for the mere fact of making a profit, is a non-entrepreneurial businessman.

Main differences between businessman and entrepreneur

Bearing in mind that there are notable differences between these roles, it is worth pointing out some of them that may help to understand the separation between the entrepreneur profile versus that of the entrepreneur:

  1. Origin of the idea: The entrepreneur uses an existing one and starts his business, since he usually has the ability to enter an unknown sector and despite this obtain success and benefits. Instead the entrepreneur develops his own concept, acting as an inventor and dedicating his resources to it.
  2. Rivalry: For the entrepreneur there are a large number of rivals when operating in a competitive environment; To achieve your goals, you become an employer and assemble competitive teams. For his part, the entrepreneur is more directed towards cooperation, having as his only rival himself. For this reason, you are looking for people who can join your project following common affinities or interests.
  3. Where it moves: The entrepreneur takes care of the management and direction of his business, although not always with more direct tasks and execution, while the entrepreneur normally takes care of a wide range of responsibilities in his project.
  4. Productivity and success: The entrepreneur seeks to increase his well-being through increases in productivity and therefore higher income. On the other hand, the entrepreneur does not focus only on his own benefit in the development of his idea but on the growth of it and the imprint it can leave on the world.