Are You An Entrepreneur?

As an entrepreneur or aspiring entrepreneur how would differentiate an individual who is an entrepreneur versus a business owner, or are they one in the same. There are clear differences between the two. Most business owner are content with having a stable income and being in control of their own time. Entrepreneurs however are forward thinkers who are willing to take risks, have specific goals they would like to achieve that will ultimately help grow their financial wealth.  

Below is a chart that helps you identify some of the differences between being a business owner and and entrepreneur. 

Objectives  & Views	Small Business Owner	Entrepreneur
1. Primary Motivation	To Make a Living	To Make a Change and Impact
2. Personal Financial Goal	Regular Income	Exit Value of Company
3. Career Objective	Self-Employment	Financial Freedom
4. Financing Strategy	SBA or Bank Loans	Investors
5. Business Strategy	Creating More Sales	Providing Value
6. View of Assets	Real Estate and Inventory	Employees & Customers
7. Risk Taking Profile	Stability	Willing To Fail
8. Employee Compensation	Market Rate or Below	Will Pay for Top Talent
9. Work Environment	Extension of Owner’s Home	Fast Paced and Growth Focused
10. Investment Profile	Main Investor/Owner of Company	Investor/Involvement in Different Businesses
11. Daily Actions	Day to Day Manager	Strategy, Growth and Collaboration
12. Work Style	Long-Term and Enjoys Repetitive Tasks	Short-Term and a Serial Innovator/Inventor

Luanne Teoh 6-3-2011 http://www.biztechday.com/difference-between-an-entrepreneur-and-a-small-business-owner/

Those business owners that desire being and entrepreneur it can be achieved you just have develop a plan and execute it. There are so many individual that come up with great ideas daily but fail to turn those ideas into a business success. 

A child from Marysville, Ohio took one of his ideas an ran with it.

Pictured below is Hart Main who started selling scented candles for men at the age of 13. Main's idea to start his business came to him when his sister was participating in a  fundraiser that  was selling candles that catered to girls. Main made a suggestion that "men scented" candles would be pretty neat idea. His business started with $100 dollars he earned from a paper route $200 investment from his parents.

Hart Main, founder of ManCans

Photos © natalie brasington

http://www.entrepreneur.com/article/220259#

If reading about Hart Main's simple idea that he turned into a profitable business does inspire you to be more proactive in creating your own success read about other young business minds who saw needs that their creative businessminds could help solve. 

http://www.cnbc.com/id/42497934/Inventions_By_Kids?slide=1