Post
Topic
Board Economics
Re: The difference between businessman and entrepreneur
by
Gozie51
on 24/04/2025, 19:11:08 UTC

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:
   

In as much as we try to break these two aspect of business down, they share few difference and similarities too. I will just point out a very salient point out on an entrepreneur. An entrepreneur is about growth. It concern it self with the growth of whatever is around or it is involved in. To go direct, a man or woman who is called an entrepreneur is just like a goldsmith who refines and repairs gold to look the way it is looking.. Whereas, a business person is particular about profit margin, he is always looking out for what he or she will profit but not worried about the means to get the product or utility for the consumer. This is what the entrepreneur does, the utility of the consumer on the product is equally important and that is why an entrepreneur retains more customer, friendship and relationship with others, gets more apprenticeship.

You can have an entrepreneur who is also a business man but not all business man is entrepreneur. Some people are roadside business men. They attach themselves to entrepreneur, only interested in the profit they are running after.