Forums | GRADUATE SUCCESS ATTRIBUTES UHMT1012 SEM 2 SESION 2020/2021

25 May 2021, 4:57 PM

1. What are the similarities and differences between entrepreneurs and businessmen?

-Entrepreneur is a person who brings his unique idea to run a startup company. A businessman is a person who starts a business on an old concept or idea. A businessman makes his place in the market with his efforts and dedication, whereas an entrepreneur creates the market for his own business. The businessman is a market player while Entrepreneur is a market leader because he is the first to start such a kind of enterprise. The nature of a businessman is calculative, but an entrepreneur is intuitive. As the businessman follows the footsteps of other businessmen, the possibility of failure is very less which is just the opposite in the case of the entrepreneur. The similarities between an entrepreneur and business managers reveal that they are both decision-makers and have managing abilities and can project forward.

2. What are the similarities and differences between entrepreneur and manager?

-Both of them play their roles in the organization to manage their projects and become decision-makers for similarities. Move to the differences, an entrepreneur needs to combine his skills with courage and business idea to become a reality which he also must take a risk on his decision while the manager is employed to manage the operations and resources of the business and trying to achieve the target based on company demand. An entrepreneur can be informal and casual in his role. His time to work and on duty also more flexible compares to the manager. The manager has to approach everything in a very formal way because he needs to follow the company’s policy. An entrepreneur gains the profit from the enterprise or company meanwhile, the manager is an employee, so he always depends on a salary draws by the company.

3. Have you ever think that you have an entrepreneurial mindset?

-For now, I don't think that I have the mindset but personally, I really want to something that can grow myself in order to be successful.