Difference Wiki

Entrepreneur vs. Manager

The main difference between the entrepreneur and manager is that an entrepreneur is the owner of the company and a manager is the employee of the company.

Key Differences

An entrepreneur is a risk taker while the manager is risk averse.
An entrepreneur is an owner of the organization conversely a manager is an employee of the company.
The main focus of an entrepreneur is on business startup on the flip side manager focuses on managing ongoing operations.
A person who creates an enterprise by investing money and taking risks is called an entrepreneur, whereas an individual who takes the responsibility of administering the organization is known as a manager.
The reward for the entrepreneur is profit; on the other hand, a manager gets a salary for the work performed by him.

Comparison Chart

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a visionary who converts an idea into a business and an owner of its enterprise
a person who is an employee of an organization and responsible for the management and administration
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Status

An owner
Employee

Reward

Profit
Salary

Focus

Business startup
Ongoing operations
Harlon Moss
Jun 14, 2019

Approach to Task

Informal
Formal
Harlon Moss
Jun 14, 2019

Entrepreneur and Manager Definitions

Entrepreneur

A person who organizes, operates, and assumes the risk for a business venture.

Manager

One who directs a business or other enterprise.
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Entrepreneur

A person who organizes and operates a business venture and assumes much of the associated risk.

Manager

One who controls resources and expenditures, as of a household.

Entrepreneur

A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur.

Manager

One who is in charge of the business affairs of an entertainer.

Entrepreneur

A person who strives for success and takes on risk by starting their own venture, service, etc.

Manager

One who is in charge of the training and performance of an athlete or team.
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Entrepreneur

One who takes the initiative to create a product or establish a business for profit; generally, whoever undertakes on his own account an enterprise in which others are employed and risks are taken.

Manager

A student who is in charge of the equipment and records of a school or college team.

Entrepreneur

Someone who organizes a business venture and assumes the risk for it

Manager

(management) A person whose job is to manage something, such as a business, a restaurant, or a sports team.

Manager

The head coach.

Manager

(music) An administrator, for a singer or group. en

Manager

(software) A window or application whose purpose is to give the user the control over some aspect of the system.

Manager

One who manages; a conductor or director; as, the manager of a theater.
A skillful manager of the rabble.

Manager

A person who conducts business or household affairs with economy and frugality; a good economist.
A prince of great aspiring thoughts; in the main, a manager of his treasure.

Manager

A contriver; an intriguer.

Manager

Someone who controls resources and expenditures

Manager

(sports) someone in charge of training an athlete or a team

Entrepreneur vs. Manager

An entrepreneur is the owner of a business, so he bears all the financial and other risks. A manager is an employee who works for a salary. An entrepreneur is a person or group of persons, who carries out, by his staff, many activities that are related to the establishment of innovation of his industry. A manager is a person who himself works for achieving the common objectives. Salary or commission is provided to managers, but they are not always part of the profit; however, the reward is given to them based on their productivity. The entrepreneur is the owner of the company and its profit. He/she can distribute the profit with who and when. An entrepreneur may or may not have an educational background. The manager must have an educational background or experience related to the specific field of work. The entrepreneur concerns both present and future because he has to keep both in view, during the operation of the industry. The manager is concerned more with the present only. An entrepreneur gains his resources through own resources or financial institutions or start-up promotion organizations. Manager can distribute workforce and financial resources to appropriate projects to achieve the directive board goals. The final control of different activities of the industry is of the entrepreneur. However, the Control of the manager is on activities related to the management. An entrepreneur determines the policies as he is the owner of his industry, So his responsibility is too much. Being an employee, the responsibility of the manager is lesser, and he is concerned with the only duty given to him.

What is an Entrepreneur?

An entrepreneur is a person who finds an opportunity to create a firm or a project. This entrepreneur looks for the opportunities that are based on the need of the society. The term entrepreneur is a French origin, which means ‘go-between’ or ‘between-takers.’ An entrepreneur creates a new enterprise by assembling inputs like land, labor, and capital for production purposes. An entrepreneur may or may not have initial education or knowledge in the fields of his project. However, he usually has some unique attributes that allow him to be successful. He is essentially a leader and an initiator. n entrepreneur is accountable for the success or the loss of his venture, so he takes this responsibility very seriously. The major focus of an entrepreneur lies in starting a business and later expanding it. The key motivation is an achievement for an entrepreneur. The reward for the efforts of an entrepreneur is the profit he earns from the enterprise. An entrepreneur is a risk taker, and he takes financial risk for his enterprise. Entrepreneurs can be classified based on business, technology, area, motivation, stages of development, etc. An entrepreneur assumes all the risks and uncertainty to achieve profit and growth of the business. He comes up with new and unique ideas and business processes. A successful entrepreneur must be a risk taker, responsible, can analyze things, independent, initiator, high achiever, and highly efficient. Based on their ideas, entrepreneurs are classified as:

  • Innovative Entrepreneur
  • Imitating Entrepreneur
  • Fabian Entrepreneur
  • Drone Entrepreneur

What is the Manager?

A manager is not the owner of an enterprise but the one that is responsible for the management and administration of a group of people or a department in an organization. Qualities such as warmth and empathy are very important in a manager. The manager is an administrator of some established business or formulated project. A manager is an employee who works for a salary. They are not part of the profit; however, the reward is given to them based on their productivity. Manager can distribute workforce and financial resources to appropriate projects to achieve the directive board goals. A manager has the objective to maintain and grow the firm or finish a project within the given time. He achieves desirable results by using a set of resources. The term ‘manager’ means a person who gets the things done through his subordinates. The five basic functions of a manager are organizing, planning, directing, motivating, coordination, and control. Managers can be high-level managers, middle-level managers, and low-level managers. Mostly, the managers are chosen based on their education and experience. Being an employee, the responsibility of the manager is lesser, and he is concerned with the only duty given to him. Almost all of the organizations have essentially a manager who is directly in charge of all the work to be done. However, there is an assistant manager also who is under the manager or supervisor who is directly instructed by the manager. Some of the characteristics of a manager are as follows:

  • Leadership
  • Communication
  • Organized
  • Time Management
  • Confidence
  • Delegation
  • Experience
  • Knowledge
  • Reliability

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