ENTREPRENEURSHIP EDUCATION
Introduction to entrepreneurship
1. DEMONSTRATE UNDERSTANDING OF WHO AN ENTREPRENEUR IS
1.1. 1.1 Distinguish between entrepreneurs and business Persons
. Distinction between Entrepreneurs and Business person
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Entrepreneur |
Business person |
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An entrepreneur is an investor and the first creator of a product. He invests time, energy and money on his own idea. He doesn’t start business from an unoriginal idea. |
A business person can make a business out of an unoriginal business or product idea. He enters into existing business, such as franchising and retailing. He chooses a hot and profitable business idea regardless of whether it is original or a borrowed idea. |
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Entrepreneurs are more concerned on changing the world. They want to pursue their passion and achieve an ultimate goal. |
Most business persons are doing business for profit, livelihood, for reaching their own boss. |
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Entrepreneurs takes crazy risks, and don’t care of losing time and money just to pursue their passion. |
Businesspersons take calculated and managed risks. They cannot afford to lose money or suffer from bankruptcy. |
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An entrepreneur is a friend and a leader. He finds peers and people whom he will never treat as machines. |
A businessman is an employer and a manager. He hires to help his business grow. |
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An entrepreneur sees customers as his source of duty and fulfillment. |
Businessperson sees customers as his source of sales and revenues. |
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Entrepreneurs try hard to beat his worst competition. |
A businessperson tries harder to beat his competitors and win the competition |
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Entrepreneur sees the world as duty rather than an opportunity. Works as an artist his product is a masterpiece. |
Businessmen sees the world as an opportunity. Businessmen doesn’t waste any time |