Have you ever wondered what’s the difference between a Businessman and an Entreprenuer?
A Businessman and an Entrepreneur have many similarities. They both provide jobs to 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.
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.
Common patterns: Focuses on numbers, profit, cashflow, deliverables, kpi’s, turnouver, bottom line.
An entrepreneur is a problem solver 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 while a businessman starts on a business.
Common patterns: Focuses on creative marketing, new ideas, building a team, connecting to people, sharing a message.
Most businessmen are doing business for profit, livelihood, for reaching their financial goals, and for becoming their own boss. Though, there are some business people who are not profit-oriented but people-oriented, that is, they are more concerned on the welfare of their workers and the satisfaction of their customers.
Entrepreneurs are more concerned on changing the world. They want to pursue their passion and achieve an ultimate goal. They are not keen on financial returns, rather they are focused on what they can offer to the world. Their purpose for entrepreneurship is simply to make a difference in this world.
If you want to be a business owner, you’ll need entrepreneurial traits. And if you want to be an entrepreneur, you’ll need businessman traits. They overlap in so many ways, and the best thing to do is to learn how to do both.