Too many founders wing it when it comes to financials and have no idea how to use basic modeling to drive strategy. In this course, we’ll teach you how to build a basic financial model, read financial statements, and understand cash flow, balance sheets, and income statements.
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.
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.
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.
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.
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.
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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
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.