According to Oxford, an entrepreneur is a person who makes money by starting or running businesses, especially when this involves taking financial risks. Conversely, Quora says that a business owner is is someone who owns, runs or operates a business, whether big or small. Therefore, it appears that the key difference in these definitions is ‘risk’.
If you’re unsure whether you’re a business owner or entrepreneur, we’ve outlined the key elements of each role.
Is always looking for opportunities and lessons.
Consistently learns from challenges and treats them as lessons.
Thinks outside of the box.
Works ‘on’ the business.
Has the capacity to span across multiple industries and markets.
Demonstrates repeatedly that they can grow great businesses.