Community//

The Difference Between Business & Entrepreneurship By Alphonso Jefferson Jr.

Some people assume that business and entrepreneurship are one and the same. If you look at things from a certain perspective, then they absolutely are. However, there are some differences between someone who has a business perspective and someone who has an entrepreneurial perspective. Read on to explore these differences so that you can feel […]

Some people assume that business and entrepreneurship are one and the same. If you look at things from a certain perspective, then they absolutely are. However, there are some differences between someone who has a business perspective and someone who has an entrepreneurial perspective. Read on to explore these differences so that you can feel more well informed.

The Main Focus of a Business-Minded Individual

Business-minded individuals are ones who are more focused on the administration of a business. It’s about running the business every single day and having a solid plan for keeping things going. Business is about sustainability but it’s also about short-term profits. A good businessman or businesswoman is going to look for low-risk ways to make money from a business.

This type of business model is going to be substantially more predictable than something that is innovative or fresh. Business isn’t necessarily about changing the world or making bold moves. It’s about making calculated moves that have a very high chance of success and that will lead to steady profits. This might not shake the foundation of the world but many people approach business in this way and they carve out a successful niche somewhere by doing it.

The Main Focus of an Entrepreneur

When you look at the mindset of traditional entrepreneurs, you will see that they are heavily focused on coming up with a new business idea or figuring out how to innovate in some way. Entrepreneurial-minded individuals are a bit more willing to take risks than someone who is traditionally business-minded. They might be looking for a big reward by changing an industry and they will understand that there is risk involved. Entrepreneurs look to push industries forward toward the future instead of just toeing the company line, so to speak.

You will find that many entrepreneurs will make use of bold ideas. They have a vision for what they want to achieve and they do what it takes to make it happen. It can be more dangerous to be an entrepreneur than it is to be a business-minded person with a solid growth plan. Even so, the biggest success stories of history involve entrepreneurs who made the big decisions that helped shape the world.

The Thrive Global Community welcomes voices from many spheres. We publish pieces written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Learn more or join us as a community member!
Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

You might also like...

Community//

Avoiding Burnout in a Volunteer Role

by Alphonso Jefferson Jr.
Community//

5 Things You Should Do To Become a Thought Leader In Your Industry, With Ty Kiisel

by Yitzi Weiner
Community//

Jane Stoller: “Hiring a coach does not mean you’re a failure”

by Phil La Duke

Sign up for the Thrive Global newsletter

Will be used in accordance with our privacy policy.

Thrive Global
People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

- MARCUS AURELIUS

We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.