THE DIFFERENCE BETWEEN BUSINESSMAN AND ENTREPRENEUR

The terms "businessman" and "entrepreneur" often  get use in a circle as if they have same meaning, actually they represent different mindsets and ideas. Let’s break down the key differences between the two:

       1. Definition and Focus
*****Businessman:
A businessperson is usually someone involved in commercial activities, primarily focused on managing established businesses. Their main job revolves around handling resources, boosting profits, and sticking to tried-and-true business models.
*****Entrepreneur:
An entrepreneur, on the other hand, is someone who spots opportunities and takes the leap to create new ventures or improve existing ones. They are innovative, take risks, and turns ideas into successful businesses or products.

       2. Innovation vs. Management
*****Businessman:
While businessmen might make improvements, their main job is always about good management and efficiency within existing structures. Their focus is sustaining and growing the business through conventional methods.
*****Entrepreneur:
Entrepreneurs are often viewed as innovators, motivated by a desire to tackle problems or fulfill unmet needs in the market or even creat problems

          3. Risk Attitude
*****Businessman:
Businessmen generally are more cautious in their approach to risk. They prefers stable, established markets and tend to optimize existing processes rather than diving into uncharted territory.
*****Entrepreneur:
Entrepreneurs accepts and takes more risks as they aim to create something fresh or reform existing markets. They’re often willing to take calculated risks to chase innovative ideas.
           
           4. Motivation
*****Businessman:
Many businessmen are financial success oriented. Their main objectives often center around profit making, increasing market share, and maintaining a competitive edge.

*****Entrepreneur:
While entrepreneurs also aim for financial success, their motivations often run deeper. They might be fueled by a passion for their ideas, a desire to make a difference, or a commitment to social change. Their goals can include personal fulfillment or addressing societal challenges.

             5. Growth Orientation
*****Businessman:
  Businessmen typically concentrate on steady growth within their established markets, optimizing operations to ensure ongoing success. Their strategies often involve gradual scaling and sticking to tried-and-true methods.
*****Entrepreneur:
Entrepreneurs usually set their sights on rapid growth and scalability, constantly on the lookout for ways to shake up industries and dive into new markets. They’re often quick to adjust their strategies based on what the market tells them.

       6. Vision vs. Execution
*****Businessman:
A businessman usually works within a set vision, then trying to execute that vision effectively. They might not be the originator of the business idea, but they play a crucial role in keeping things running smoothly and profitably.
*****Entrepreneur:
Entrepreneurs, on the other hand, often develop their own vision and take charge of making it a reality. They actively steer their businesses and make key decisions that can influence the entire industry.


In summary
Both businessmen and entrepreneurs are important to the economy, but there're lots of difference between them, like in their approaches, mindsets, and definitions. Businessmen definitely focus on managing established companies and targeting success, whereas entrepreneurs pay attention to innovation and taking risks to create new ventures or transform existing ones. Recognizing these differences can shed light on the various ways individuals contribute to economic growth and progress.