I was reading a lot about entrepreneurs but got confused. help entreprenuer and manager are different. Give detail.
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June 28, 2009 at 10:24 pm
A entrepuener risks time and money in exchange for potential success.
A manager, takes what is allocated to him by an entrepuener, to do the best he can, usually without personal financial risk.
Risk and reward usually run hand in hand, a manager can never earn as much as an entrepuener or the entrepuner would close the business because of no profit and the manager would be out of a job. A manager is set in a life of working for someone rahter than risking for himself.
June 29, 2009 at 2:56 am
The person above is correct when it comes to what an entrepreneur is. An entrepreneur is an innovative risk taker who usually starts his/her own business in the hope of profit and success. Usually, entrepreneurs can be managers as well and work for themselves. They may have from 1-5 employees at first but can extend to hundreds. Once an entrepreneur has reached the level of success he/she desires, he can turn his starting business into a corporation where he will hire managers.
Managers are individuals assigned to do a a certain task or job. They usually supervise others who also work on the same task. Managers always report to someone higher while entreprenuers do not.