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Entrepreneurs

What Makes the Entrepreneur Stand Apart From Other Businessmen?

When it comes to the risk factor, the scope and level of risk is broad and high for a businessman as compared to that of an entrepreneur
What Makes the Entrepreneur Stand Apart From Other Businessmen?
Image credit: Shutterstock
Co-owner, Sunrise Electronics and Founder, Writers Together
5 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Getting into the world of commerce is, all in all, a fantastic feeling, but have you ever thought of how you are going to entering this new world? Is it going to be as a businessman or an entrepreneur? You believe it or not, but how you are going to come to this new world matters a lot as far as your success is concerned.

Both Businessmen and entrepreneurs have some similarities as both of them help the people around them grow by providing them with employment opportunities, offer goods and services to their customers, and earn the profit. Business people and entrepreneurs have many similarities.

Apart from that, there are some significant dissimilarities between the two individuals. These similarities are something that helps an entrepreneur, stand out from the crowd.

1. What You Bring Onto the Table, it all Matters!

This is one of the most fundamental differences between a businessman and an entrepreneur. An entrepreneur places all his creativity or creative idea into action and makes it a reality. That means an entrepreneur comes in with a unique business idea that’s the reason why his company is called as a startup company.

On the other hand, a businessman commences business with an already used old business idea. A businessman completes his research before starting business activities. He looks at how an old business idea is running in the industry thriving and then adapts the same design to start his own business. That’s why his business can be a retail business or anything else but cannot be called a startup company.

2. People Remember What You do For Them, Not Your Balance-Sheet

That’s the thing with entrepreneurs, apart from thinking about their personal interest, they are always keen to work towards the betterment of the people around them in society. This is one significant difference of mindset between an entrepreneur and a businessman. Almost all businessmen think of their profit, personal interest, and their own goal and objectives only.

An entrepreneur keeps on working to bring a positive change in the world, covering as much life as possible. So next time when you think about why Bill Gates is an entrepreneur and why you are not? Then ask yourself, what are you doing for the people around you? Are you bringing something that adds value to the life of the people? Ask yourself, what is it that makes you eligible to become an entrepreneur.

3. Getting Into the Technicalities – The Risk Factor

When it comes to the risk factor, the scope and level of risk are broad and high for a businessman as compared to that of an entrepreneur. As a businessman who operates business activities with an old business idea, there are other business owners already running the same kind of business, which makes it challenging to create a place in the industry.

Therefore, a businessman evaluates and calculates every aspect before implementing anything and manages the risk better than an entrepreneur.

On the other hand, sometimes entrepreneur takes unbelievable and not so calculated risks. The thing is that, in most of the startup companies, there is a certain amount of passion for the work involved in it. And when desire is required, people tend to give more importance to their feelings than to the thoughts in their mind.

That’s the beauty of the concept of entrepreneurship and more passion equals more dedication, which ultimately results in beyond the sky kind of success.

4. Employees are a Part of Your Family

A regular businessman is the one who offers job opportunities to the ones who need it and acts as their boss who commands and directs his employees to work for the maximum benefit of his business.

An entrepreneur is not just an employer, but he is something beyond it. He is a complete leader, a teacher, a motivator, and more like a friend to his employees. A businessman makes people work for the maximum the benefit of the business and help them earn a living, while an entrepreneur makes people work in a company to help them grow stronger together with the company in every way possible.

5. Contributing to Your Sales Report to Helping Your Company Soar High

Practically, a business or company and the owner or entrepreneur, are both separate legal entities, and that’s the mindset of a regular businessman, but for an entrepreneur, he and his company are the same things. For an ordinary businessman, a customer is just another addition to his sales report and revenue, but for an entrepreneur, a customer is everything that his the company needs to survive in the business environment.

Conclusion

Before you step up on your journey to the world of commerce, you need to understand the attributes of an entrepreneur, start analyzing the personality traits and mindset of an entrepreneur. The idea is to understand the journey before you even begins with it.

Always keep track of your time because of a successful entrepreneur never wastes time; they even use their idle time to engage in something productive.

Remember, a regular businessman looks at the world just as a customer base, while an entrepreneur looks at the world as an opportunity to change the lives of people.

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