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Difference between an entrepreneur and a businessman?

Why are some people referred as entrepreneur, some as business man/woman, some as business tycoon and some as business magnet?

I understand the tag 'Business magnet', it could have been coined out of creative writing by media.

9 Replies

Thomas Sutrina
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Thomas Sutrina Entrepreneur
Inventor at Retired Pursue Personal interrests and family
Businessman experience is in providing a product or service. They see risk in terms of their experience. The unknown represents the maximum risk.

Entrepreneur start with a business vision that contains some understanding of the market and customer, but to obtain an advantage in the market the entrepreneur projects beyond the present state of the market to an advantageous position. This requires that entrepreneur for an advantage is dealing with unknowns. His major effort is to reduce the risk. Where a businessman rejected the unknown high risk approach from the start. He does not put any effective effort to reduce risk.
Arthur Lipper
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Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
All business-founding business owners are entrepreneurs. All business owners are not entrepreneurs. All entrepreneurs are not currently business owners. Entrepreneurship has to do with business creation. Those wishing to become business founders or owners are not yet entrepreneurs. There are those working for organizations who erroneously claim to be entrepreneurs. They are employees who believe they have entrepreneurial tendencies. Innovation, making something better, and entrepreneurship are frequently confused. Entrepreneurship is creating a business. Invention and innovation are also confused. Invention is creating a device or service which has not existed previously.
Arthur Lipper
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Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
Here is a fuller description of the differences between entrepreneurs and businessmen.
Nishith Gupta
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Nishith Gupta Entrepreneur
Digital Entrepreneur | Consultant for startups in Product, CRM, Growth & Analytics areas
I think in dictionary sense, there is no difference. Try searching 'entrepreneur meaning' on Google and you will get it all means the same. However, in media's context, following is how I think these words are perceived - a. Entrepreneur - Some one who is just trying to establish a business. And mainly this associated with tech enabled businesses.And these are people who keep on innovating and trying different things all along. b. Business man/woman - Someone who has either started any traditional business (i.e. which is now commodity) or trying to start one such as opening a shop, franchisee and others. c. Business Tycoon/magnet - would be someone who has achieved huge success and enormous wealth through multiple line of businesses. As these folks can play bets on different markets and people will go berserk. For e.g. Richard Branson, Mukesh Ambani would fall under this.
Arthur Lipper
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Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
There is a vast difference.
Jerome Peloquin
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Jerome Peloquin Entrepreneur • Advisor
President, Family Fish Farms Network, Inc.
it is a question of business stage actually. One can be a business man and an entrepreneur and one can be an entrapreneur and not a business man but to be a business magnate one has to have organge hair and named Trump. Jerome Peloquin President The Family Fish Farms Network, Inc. 717 Lawrence Street, NE Washington, DC, 20017 cell: (410) 227-0498 (Skype) fishfarms1 LinkedIn Profile email: [removed to protect privacy] website: www.thefamilyfishfarmsnetwork.com We grow healthy local food ... save fresh clean water ... create decent paying jobs.
David C. MSE
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David C. MSE Entrepreneur
CEO at Business Development
Go create a business and quit worrying about labels!
Rupert Meghnot, MBA
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Co Organizer at 1 Million Cups
An "entrepreneur" is someone who starts and runs an enterprise based upon two things: RISK and INITIATIVE. If you're willing to risk everything else in your life for the successful start (and operation) of your business, you are an entrepreneur. If you have TOTAL discretion with regard to how you utilize initiative (you can create whatever product/service, marketing tactic, etc. you want), you are an entrepreneur. Regarding the difference between an entrepreneur and a businessperson, it's a matter of degree. Businesspeople can only risk their jobs, not (typically) their financial status, homes or marriages. They are also limited in the amount of initiative they can exercise, as there's always someone else who has to approve. IMHO.
Rod Abbamonte
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Rod Abbamonte Advisor
Co Founder at STARTREK / @startupHunter / @startupWay / @CoFounderFound / @GOcapital / @startupClub / @lastminute
Entrepreneur makes your own income. Businessman ask how much will be the income.
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