Entrepreneur vs. Business Owner

Popular culture has really taken a liking to business and entrepreneurship lately and it’s shining a light on the diverse career options. Along the lines of my blog “Small Business vs. Startup” the next logical step would be to look into the two types of leaders in each type of business venture.

Entrepreneur

Definition: A person who brings his unique idea to run a startup company, a market leader the first to start such a kind of enterprise.

Key Characteristics:

  • Rapid Growth
  • Passion
  • Innovation
  • Market disruption

Business Owner

Definition: A person who starts a business on an old concept or idea, a market player.

Key Characteristics:

  • Profit
  • Existing
  • Longevity
  • Market share

Entrepreneur vs Business Owner

In layman’s terms, an entrepreneur is an evolved form of a business owner. Generally, entrepreneurs are much more interested in the actual business side and market disruption as they are looking at the big picture, whereas a business owner tends to have more of an emotional attachment to not only the business but what the business provides to them (work/life balance, freedom to choose the work they find important). The ideas coming from business owners tend to be specialized, very to the point and highly specific.

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