Are you that type of person who just want to venture into business and make profit? Well don't consider yourself an entrepreneur. Often many people lack the basic understanding who is a real entrepreneur and who is a businessman. I often make this simple differentiation that all entrepreneurs are businessmen but not all businessmen are entrepreneur.
To clearly differentiate the two, here is a practical example. A guy realizes that the clothing industry is generating huge profits and so he decides to inject money into that business thinking that he got what it takes to make profits like the rest. On the other hand a guy decides that he will not just blindly inject money into the business but he is going first to do some research about this booming business the and know what to add in order to win over the already existing customers. This guy thinks of creative techniques that will be an added advantage against his competitors for example he may decide open a website to sell his clothes online.
Now lets analyze the two guys. The first guy is a typical businessman who main reason for going into business is to make some quick cash but the second guy is an entrepreneur person and he uses his creativity to win over customers.
Innovation is the key thing here that is an entrepreneur is able to create a competitive edge in the already saturated market. My dear fellow citizens lets not just be copy cats of others businesses but let us use the knowledge we have and the brilliant ideas we come up with everyday to achieve big in business. I believe by now you know who is a true entrepreneur.
2 comments:
My guy that is good insight. but look into various businesses such real estate. I dont think your example would hold.
Hi, in real estate i would look at entrepreneurship interms of success. What is your ranking as a real estate developer? What extra facilities have you provided?
Post a Comment