We need more businesses than entrepreneurs
What is a business? According to Wikipedia, Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).
What is entrepreneurship? According to Wikipedia, Entrepreneurship is the process of designing, launching, and running a new business, which is often initially a small business.
The Relationship, According to Wikipedia,
Relationship between small business and entrepreneurship
The term "entrepreneur" is often conflated with the term "small business" or used interchangeably with this term. While most entrepreneurial ventures start out as a small business, not all small businesses are entrepreneurial in the strict sense of the term. Many small businesses are sole proprietor operations consisting solely of the owner—or they have a small number of employees—and many of these small businesses offer an existing product, process, or service and they do not aim at growth. In contrast, entrepreneurial ventures offer an innovative product, process, or service, and the entrepreneur typically aims to scale up the company by adding employees, seeking international sales, and so on, a process that is financed by venture capital and angel investments. In this way, the term "entrepreneur" may be more closely associated with the term "startup". Successful entrepreneurs have the ability to lead a business in a positive direction by proper planning, to adapt to changing environments, and understand their own strengths and weakness.
Why we need more entrepreneurs.
They build and structure empires.
They create jobs
They drive economic growth
They drive innovation
They create hope in society
Why we need more businesses.
They build and structure empires.
They create jobs
They drive economic growth
They drive innovation
They create hope in society
This is not the real list as need, but an overview. Now let's study what they need.
What entrepreneurs need.
They need capital
Short time to build
Innovation
What businesses need.
They need patience
Need time to build
How are they measured?
How entrepreneurs are measured
Growth and scale
Capital accumulation
Later on profits or proper exit
How businesses are measured.
Immediate Profits
Years of existence
Capital base
Why we need more businesses than entrepreneurs.
What is entrepreneurship? According to Wikipedia, Entrepreneurship is the process of designing, launching, and running a new business, which is often initially a small business.
The Relationship, According to Wikipedia,
Relationship between small business and entrepreneurship
The term "entrepreneur" is often conflated with the term "small business" or used interchangeably with this term. While most entrepreneurial ventures start out as a small business, not all small businesses are entrepreneurial in the strict sense of the term. Many small businesses are sole proprietor operations consisting solely of the owner—or they have a small number of employees—and many of these small businesses offer an existing product, process, or service and they do not aim at growth. In contrast, entrepreneurial ventures offer an innovative product, process, or service, and the entrepreneur typically aims to scale up the company by adding employees, seeking international sales, and so on, a process that is financed by venture capital and angel investments. In this way, the term "entrepreneur" may be more closely associated with the term "startup". Successful entrepreneurs have the ability to lead a business in a positive direction by proper planning, to adapt to changing environments, and understand their own strengths and weakness.
Why we need more entrepreneurs.
They build and structure empires.
They create jobs
They drive economic growth
They drive innovation
They create hope in society
Why we need more businesses.
They build and structure empires.
They create jobs
They drive economic growth
They drive innovation
They create hope in society
This is not the real list as need, but an overview. Now let's study what they need.
What entrepreneurs need.
They need capital
Short time to build
Innovation
What businesses need.
They need patience
Need time to build
How are they measured?
How entrepreneurs are measured
Growth and scale
Capital accumulation
Later on profits or proper exit
How businesses are measured.
Immediate Profits
Years of existence
Capital base
Why we need more businesses than entrepreneurs.
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