Difference Between Business And Entrepreneurship
The main dissimilarities or difference between business and entrepreneurship can be described as follows:
1. Introduction
Business: Earning money by performing various financial activities such as producing, distributing or trading products and services.
Entrepreneurship: Process of identifying opportunities, generating ideas and launching new business
2. Nature
Business: It is reactive in nature
Entrepreneurship: It is proactive in nature
3. Role In The Market
Business: It plays in the market
Entrepreneurship: It creates and leads the market
4. Risk Involved
Business: It involves less risk
Entrepreneurship: It involves higher risk than business
5. Focus
Business: It focuses to increase profit
Entrepreneurship: It focuses on the people
Business: It has to face high competition in the market
Entrepreneurship: There is less competition
7. Purpose
Business: To increase sales
Entrepreneurship: To provide new idea and concept
Also Read:
Also Read:
8. Motive
Business: To make money
Entrepreneurship: To fulfill passion
9. Originality
Business: No
Entrepreneurship: Yes, it promotes innovations and new ideas.
Business Vs Entrepreneurship (Comparison Chart)
I hope this post is helpful to understand the difference between business and entrepreneurship and to make comparison between them.
Business Vs Entrepreneurship (Comparison Chart)
Basis Of Difference
|
Business
|
Entrepreneurship
|
Introduction
|
Earning profit by performing economic activities
|
Generating ideas, identifying the needs and launching a new business
|
Nature
|
Reactive
|
Proactive
|
Role In The Market
|
Plays in market
|
Creates new market
|
Risk
|
Less
|
High
|
Focus
|
Profit
|
People
|
Competition
|
High
|
No competition
|
Purpose/Objective
|
Maximize sales
|
To generate new concept
|
Motive
|
Making money
|
Fulfilling the passion
|
No
|
Yes
|
I hope this post is helpful to understand the difference between business and entrepreneurship and to make comparison between them.
