Entrepreneur vs. Manager

Entrepreneur vs. Manager

            Many People are of the view that the terms entrepreneur and manager mean the same. It is a wrong
notion since one can find a lot of differences between these two as given below:

ENTREPRENEUR

MANAGER

Owner: An entrepreneur is the owner of the enterprise which he establishes himself. Profit: The reward for an entrepreneur is profit which is highly uncertain. Full risk bearing: As a owner, the entrepreneur has to bear all risks and uncertainties involved in running the business. All functions: An entrepreneur has to perform many functions in order to run the enterprise successfully. Innovator: An entrepreneur mainly acts as an innovator and prepares plans for execution.

Servant: A manager is acting in the capacity of a sevant in the enterprise. Salary: The reward for a manager is salary and his salary is certain and fixed. No risk bearing: As a servant, the manager need not bear any risk involved in the enterprise. Managerial function only: A manager renders only the managerial services in an enterprise. Executor: A manager mainly acts as an executor of plans prepared by the entrepreneur.

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