Entrepreneurship · Business Strategy

Difference between an entrepreneur and a businessman?

Angel Otero Consultant en Freelance IT Consultant & Service Provider

October 7th, 2016

Why are some people referred as entrepreneur, some as business man/woman, some as business tycoon and some as business magnet?

I understand the tag ‘Business magnet’, it could have been coined out of creative writing by media.
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David Martin

October 7th, 2016

Go create a business and quit worrying about labels!

Rupert Meghnot MBA CXO, Burnout Game Ventures, LLC

October 9th, 2016

An "entrepreneur" is someone who starts and runs an enterprise based upon two things: RISK and INITIATIVE. If you're willing to risk everything else in your life for the successful start (and operation) of your business, you are an entrepreneur. If you have TOTAL discretion with regard to how you utilize initiative (you can create whatever product/service, marketing tactic, etc. you want), you are an entrepreneur. Regarding the difference between an entrepreneur and a businessperson, it's a matter of degree. Businesspeople can only risk their jobs, not (typically) their financial status, homes or marriages. They are also limited in the amount of initiative they can exercise, as there's always someone else who has to approve. IMHO.

Rod Abbamonte Co Founder at STARTREK / @startupHunter / @startupWay / @CoFounderFound / @GOcapital / @startupClub / @lastminute

October 9th, 2016

Entrepreneur makes your own income. Businessman ask how much will be the income.

Arthur Lipper Chairman of British Far East Holdings Ltd.

October 7th, 2016

All business-founding business owners are entrepreneurs. All business owners are not entrepreneurs. All entrepreneurs are not currently business owners. Entrepreneurship has to do with business creation. Those wishing to become business founders or owners are not yet entrepreneurs. There are those working for organizations who erroneously claim to be entrepreneurs. They are employees who believe they have entrepreneurial tendencies. Innovation, making something better, and entrepreneurship are frequently confused. Entrepreneurship is creating a business. Invention and innovation are also confused. Invention is creating a device or service which has not existed previously.

Thomas Sutrina Inventor at Retired Pursue Personal interrests and family

October 7th, 2016

Businessman experience is in providing a product or service.  They see risk in terms of their experience.  The unknown represents the maximum risk. 

Entrepreneur start with a business vision that contains some understanding of the market and customer, but to obtain an advantage in the market the entrepreneur projects beyond the present state of the market to an advantageous position.  This requires that entrepreneur for an advantage is dealing with unknowns.  His major effort is to reduce the risk.  Where a businessman rejected the unknown high risk approach from the start.  He does not put any effective effort to reduce risk.

Arthur Lipper Chairman of British Far East Holdings Ltd.

October 7th, 2016

Here is a fuller description of the differences between entrepreneurs and businessmen.

Jerome Peloquin President, Family Fish Farms Network, Inc.

October 7th, 2016

it is a question of business stage actually. One can be a business man and an entrepreneur and one can be an entrapreneur and not a business man but to be a business magnate one has to have organge hair and named Trump. Jerome Peloquin President The Family Fish Farms Network, Inc. 717 Lawrence Street, NE Washington, DC, 20017 cell: (410) 227-0498 (Skype) fishfarms1 LinkedIn Profile email: aquaponikus@gmail.com website: www.thefamilyfishfarmsnetwork.com We grow healthy local food ... save fresh clean water ... create decent paying jobs.

Arthur Lipper Chairman of British Far East Holdings Ltd.

October 7th, 2016

There is a vast difference.

Nishith Gupta

October 7th, 2016

I think in dictionary sense, there is no difference. Try searching 'entrepreneur meaning' on Google and you will get it all means the same. However, in media's context, following is how I think these words are perceived - a. Entrepreneur - Some one who is just trying to establish a business. And mainly this associated with tech enabled businesses.And these are people who keep on innovating and trying different things all along. b. Business man/woman - Someone who has either started any traditional business (i.e. which is now commodity) or trying to start one such as opening a shop, franchisee and others. c. Business Tycoon/magnet - would be someone who has achieved huge success and enormous wealth through multiple line of businesses. As these folks can play bets on different markets and people will go berserk. For e.g. Richard Branson, Mukesh Ambani would fall under this.