The Difference Between an Entrepreneur and a Business Owner
The Difference Between an Entrepreneur and a Business Owner
After a few years of working with many business owners and entrepreneurs who are just starting out I have noticed a few key differences that I feel are worth writing about since most people loosely use the term “business owner” and “entrepreneur” The main difference between a business owner and an entrepreneur is the fact that an entrepreneur has an idea that they want to implement and a business owner is somebody who’s looking at their profit and loss statements.
An entrepreneur has big dreams and lots of motivation to get started but waits until the right time to do it. Entrepreneurs also try and focus on getting the product or service perfect without testing the market.
This mentality stops them from getting any traction in their business because once they implement something they think is right then they wait until they know the next “right” decision. Then they may completely change their mind on the whole idea they had. I bet you know someone who has this trait.
A business owner has great ideas too but executes on their ideas they don’t try and do it perfectly but they do it even if it’s not perfect and implement their ideas into their business. They aren’t worried about being perfect because “perfect” is like chasing a mirage.
Both the entrepreneur and small business owner aren’t perfect and they both have different struggles. The business owner is trying to keep everything working together and keeping the system working together while the entrepreneur is worried about figuring out how to get started right.
The key is to get started, if you find yourself in this position as an entrepreneur then my advice to you whether you’re in your early 20s or your late 60s would be to experiment with as many things that you think that you like to do and try them all! Find that main one thing that you absolutely love to do with passion, and once you find that then you get started without worrying about the “right” decision and trying to be “perfect”. Let go of any perfect standards that you set for yourself.
On the flipside, if you’re a business owner who’s implementing and working hard trying to keep the system together then my advice to you is to build a team of people who believe in you and what you stand for and fire quickly if you have a person with negativity toward you or the business. They are like poison to a business.
I hope this brings you value! I am also providing daily tips/tools/tricks on marketing your business online please follow me on social media.
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