Foresight Advisors > Are You an Entrepreneur or a Business Owner?

Resources		Are You an Entrepreneur or a Business Owner?
	News Articles Families Torn Over Land's Future Warning: shock ahead In Business, Trust Will Set You Free Early Succession Planning is Vital What, me worry about family business succession?... Solving the Tough Problems Planning for Succession Family Business No Guarantee of Success Inside an Empire Molson, Coors Scions Slated for New Board Keeping Business All In The Family Family Bickering Can Waste a Fortune The Entitlement Virus Perception is Reality and Facts are Negotiable Printing Giant to Stay a Family Affair The Importance of the Family Unit How to Avoid Selling Up to Your Rivals Managing Conflict Creatively in Family Business Sales Follies: Don't Ride A Dead Horse Sobey Family Business Flourishes Treating Children Fairly and Equitably Families Taking Care of Business Better Than Others, Study Finds Will Sibling Rivalry Sink Your Venture? Proud Waves Break Fierce Feud Threatens Strong Family Venture Is Your Family Business Ready for Succession? Preventing Family Feuds Protect Your Assets ñ Manage Your Fears What to Look for in a Family Business Consultant When and How to Hire a Family Business Consultant Make no Mistake Built to Last Rogers Succession No Family Affair Cottage Wars Plan Ahead to Beat Retirement Blues SuccessCareÆ Facilitators on TV Choices for the Future - An Integrated Succession Plan Are You an Entrepreneur or a Business Owner? The Business Chain A Bata Reclaims Helm of Shoe Empire Ford Vows To Drive Company Out Of Red Family Values Novel Approach to Teaching Teamwork Contingency / Continuity Plans Succession Planning Retirement Planning Wealth / Estate Planning Business Planning Strategic Planning Organizational Development Family Participation Plans Family Governance Roles / Responsibilites Advisory Boards		Although the dictionaries do not recognize, identify, and define any real differences between an Entrepreneur and a Business Owner, they exist! They may both own/operate a business, but none-the-less they are totally different characters. An Entrepreneur is a Dream Speculator, driven by “Creating a New Innovative Idea” or driven by the challenge of “Making a New Product/Service Successful”. The Entrepreneur may or may not set up or own their own business to market their offering(s). Owning the business is not as important as the vision, the possibilities, and the offering itself. Business Owners may be entrepreneurs. They are more likely to be management and operations oriented. These non-entrepreneur owners appear less aggressive and often limit taking chances. They are more comfortable seeking products and/or services that have proven track records, or are known to be in high demand. They are best at buying into a franchise or simulating and duplicating competitive or existing businesses, or adding value to current in-demand offerings. Is one better than the other? Not really. Success begins with knowing who you are, your strengths and weaknesses, and improving yourself. Trying to be “Somebody Else” works well for impressionists! Even then, they only focus on certain key characteristics. Many Business Owners are stronger at managing and operating their company. In fact, they are more likely to grow with their business. Their strengths allow them to deal with ongoing growth challenges, constantly adapting to such changing factors as markets, governments, resources and the like. This article was forwarded by a business colleague and the author is unknown at this point in time.