Question

what is the difference between a businessman and an entrepreneur?​

Answer 1

A businessman makes his place in the market with his efforts and dedication, whereas an entrepreneur creates the market for his own business. The businessman is a market player while Entrepreneur is a market leader because he is the first to start such a kind of enterprise.

Answer 2

A businessman is basically a person who engages in any business activity,whether new or existing and earns profit out of it.On the other hand,an entrepreneur is an individual who comes up with a new business idea,sets up the business,plan,organize and run the business.

Explanation:

Main difference between businessman and entrepreneur:-

• A businessman can perform business activities from any particular source.He can start a new business or take over an existing business and start running it.However, an entrepreneur is a new business owner who comes up with the new business idea and converts it into a full fledged business operation.
• Most businessmen are driven by the economic or financial incentives of any business operation.On the other hand,entrepreneurs exhibit a personal interests and passion which can contribute to the economy by creating more jobs and enhance the productive capacity of the economy.
• Businessmen are usually experienced people who undertake calculated and measured risks in business.However,entrepreneurs engage in risk taking activities and face practical uncertainties which involve coming up with the right business idea,selling and marketing the idea,ensuring sustainable business investment and guarantee long term business profitability.
• Most businessmen perceives consumers as a medium to earn revenue and profit.In contrast,an entrepreneur always sees customers as a long term opportunity which entails establishing and maintaining a positive relationship with every customer.Hence,customer relationship is valued much higher for an entrepreneur than a businessman.
• A businessman finds financial or economic opportunity in everything that he deals with.But an entrepreneur attempts to find a sense of duty and responsibility from everything and ways to contribute to the larger society and individual communities.