Do you know if you are an entrepreneur or someone in business? Do you know the difference?
According to dictionary.com, an entrepreneur is “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.”
They are never satisfied with status quo, always thinking of the next big thing, sometimes experience many failures before finding the right or big one, and they enjoy action. They thrive on chaos. They’ve got their fingers in different jars. Ultimately, they focus on creating and giving VALUE and are willing to take big risks to do so.
Business owners like to focus on one thing at a time, hate to juggle, despise chaos – generally are more in control and they need everything in just such a way; they need to know what they are having for lunch in advance. They generally only make investments after much research and when guaranteed a return on investment. Ultimately, they focus on profit.
Entrepreneurs and business owners have a different relationship with their companies.
Entrepreneurs view their companies as assets. Something to be developed, shaped and readied for market.
Business owners tend to be more sentimental about their businesses. Oftentimes, it was their dad’s or their grandfather’s business. The business is part of the family, a place where the kids worked during the summer or where you’ll find the old man tinkering late on a Wednesday evening.
Entrepreneurs are dreamers who are out to change the world. They love what they do and would do it for much, much less.
Business owners, on the other hand, don’t necessarily love what they do, but are still happy doing it because it means they’re not doing it for someone else. Business owners, more so than entrepreneurs, are doing it for the money.
So next time you’re out and about, take a look around.
You’ll notice hundreds of shops, restaurants, gas stations, and non-descript companies listed on signs. You’ll remember the landscapers, plumbers, electricians, pizza guys and exterminators that you pay during the year.
These are not entrepreneurs, not really. They’re not big dreamers or people out to change the world. These are all small business people. And there is nothing wrong with that—we need them just as much as we need entrepreneurs.
It all comes down to how you think. Business owners or those in business are more analytical thinkers, entrepreneurs are more possibility thinkers.
I’m an entrepreneur. I have big ideas and dreams and I’m constantly taking risks. I try my best to give lots and lots of value and help people, whether they are my clients or not, as much as possible.
Which one are you?