Which Are You Really? An Entrepreneur Or A Small Business Owner?

BrunetteOnPhoneAAre You Comfortable Being Called Either Or Do You Have A Preference? 

If you were to ask enough people what is the difference between an entrepreneur and a small business owner, you could literally write books about the vast differences that you would be given.  Many of them would be so kind as to provide you with example after example to prove their points.

As for me, I have never thought about the difference very much as I tended to think more about the functions that I was being pressed to provide or to acquire along the way to business success.  But, I realize that the question is not really an idle one.  There is a purpose and some value to come to a conclusion as to which of these titles best describe you and what you are all about in business.

So, to help you in coming to a decision, we have jotted down a few of the commonly held definitions or characteristics that are generally contributed to one or the other.  Hopefully, this process will give you something to think about and a path to follow in deciding if you are an entrepreneur or a business owner.

On a purely personal level, let me give you my belief in this matter.  I believe that it is possible for an entrepreneur to be a business owner, but a business owner may not necessarily be an entrepreneur.  That is my way of dealing with the question.  Do you agree or disagree with that conclusion?  I would love to hear your opinions about it.

So, moving forward – Here are some of the standard definitions that we have gathered regarding this question:

Small Business Owners tend to:

  • Be closely attached to their business and tend to want to hang on to them forever.
  • Think more about what they may need to do for the next few days or weeks, but usually not much more in advance
  • They don’t take a lot of risks preferring to keep everything under control and predictable.
  • Make sure that their ideas are doable and that their customers will approve of the changes that any ideas might require.
  • Although they will often hire employees, they make certain that they remain as the “boss” and in control of all of the decisions.
  • Tend to not enjoy delegating to others, especially if the tasks are critical or important ones.
  • Not likely to be eager to take the business to the next level as that sometimes implies more risk.  Keeping the business as it is and on track is usually a bit more attractive to them than to expand their activities in a major way.
  • Stability is better than rapid growth to them.  Inviting outsiders into the business, even as investors, is often an uncomfortable idea for them.

Entrepreneurs tend to:

Think a great deal about building the company and obtaining growth by any means necessary.

  • They are not afraid to assign tasks to others.  In fact, that skill is usually a major part of their ultimate success since nobody can do everything that needs doing, so it is vital that an entrepreneur learn how to delegate responsibilities to others.
  • Focus on the future in a long-term view and not just for the next few weeks or months.
  • Being able to obtain necessary capital or to engage with potential partners would not cause them to hesitant if they felt that doing  either one gave them a good chance to make a major step forward in their planning.
  • Are not overly connected to their business and are more likely to “sell” the business and begin another one under the right circumstances.
  • Very likely to have a flood of ideas in their heads and can become very excited over an idea long before they really know if it can even be achieved.
  • Absolutely love the thrill of taking risks from time to time, but usually will go “all out” to achieve whatever the related goal or objective might be.

Perhaps the best way to resolve this often held debate between small business owners and entrepreneurs is to simply define yourself as an entrepreneur who owns and control numerous small businesses.  That way, you can legitimately be described as both at the same time.

This article was written by SDK Hunter Consulting Group

About The Author:

Sherman Hunter and SDK Hunter Consulting Group staff consultants provide global moneymaking opportunities and proprietary strategies that quickly accelerate business activity. You may familiarize yourself with these unique concepts by visiting the SDK Hunter Consulting Group blog located at:  http://sdkhunter.com

NOTE: You have full permission to reprint this article within your website or newsletter as long as you leave the article fully intact and include the “About The Authors” resource box.

10 replies on “Which Are You Really? An Entrepreneur Or A Small Business Owner?”

  1. Very good points in this post. Thanks for sharing!! Never have thought before about some of the points you mentioned.

    1. It is important to know which you are, especially from a comfort viewpoint. When you are comfortable in whatever you are doing, the results you get are more likely to be productive.

  2. Again, what a great article!!! This question comes up with my clients all of the time! It is part of the goal for an entrepreneur to become a small business owner, that’s what they all want! But when do we decide how and when that happens? READ THIS and then you will know! LOVE IT!

    1. Thank you Jessica for your kind words. We have found also that many clients ask this question of us as well.

  3. Thanks for this article! I never really knew what to call myself once I’m out in the business world. But I do have a better grasp of what each entails. Love these articles. Keep it up!!

    1. Thank you, Josh for your kind comments. Most entrepreneurs will discover that many of them have qualities that would serve them well regardless of where they focus their energies. We feel that the way to decide is to focus on just being yourself. When you do that, everything tends to work out well for you.

  4. I agree with you when you say, “I believe that it is possible for an entrepreneur to be a business owner, but a business owner may not necessarily be an entrepreneur”. I think of an entrepreneur as someone who builds businesses and a small business owner as someone who has built a business. An entrepreneur’s skill is building businesses and the small business owner’s skill is whatever niche his business is in.

    1. Yes, Rich, you do get the point of this article. It is so often that people seem to not realize that they will only reach their greatest potential when they make use of their best qualities. Some people are natural “managers”, but may be very poor business builders. You must start by gaining a clear understanding of what your best qualities are and how you wish to use them. Of course, everybody learns and grows and adds knowledge, skills and other resources over their lifetime, so what would have been perfect when you were in your 20’s, may not be a good idea when you are in your 40’s. However, that doesn’t change the fact that you will always make more progress when you are using your “best” skills that you have right now instead of trying to use skills that you have not yet mastered.

  5. Hi Sherman, You said this: On a purely personal level, let me give you my belief in this matter. I believe that it is possible for an entrepreneur to be a business owner, but a business owner may not necessarily be an entrepreneur. That is my way of dealing with the question. Do you agree or disagree with that conclusion? I would love to hear your opinions about it.
    And I appreciate your asking, AND, that is Such a Fresh, Novel approach, I just really wanted to take the time to thank you, personally. Entrepreneur first, the rest is for the world.

    Thank You, Sherman, ;–))o

    Ken C.

    1. Hi Ken.
      Thanks for your thoughts. I do agree with you.
      Most of the entrepreneurs I have known seem to have a
      personal “flair” that somehow caused their efforts to
      become a reflection of their personalities and strengths.
      Thanks for your comments.

Comments are closed.