What is the Difference Between an Entrepreneur and Entrepreneurship?
According to Entrepreneurs Media. A person who establishes and operates a new business is an entrepreneur. They are also responsible for any hazards that may arise. Entrepreneurship is a method for starting a business. As well as anticipating both hazards and opportunities. The entrepreneur is in charge of coordinating the organization’s fundamental requirements.
1. An entrepreneur is a person who starts something new.
An entrepreneur is an innovator, a risk-taker, and a motivator. Someone who starts something new, whether it’s a project, a business, or a corporation. He or she is the start (and, in certain cases, the finish) of a business, project, or activity. The entrepreneur may not be the one who comes up with the concept. But a person is the one who decides to make it a reality.
2. The entrepreneur is the one in charge.
The entrepreneur is the boss, leader, and the person to go to for guidance. An entrepreneur is the one who drives the team ahead and motivates them to do the same. The entrepreneur is the one in charge, having the ability to alter course, speed up, or slow down. Or even halt a company.
3. An entrepreneur is responsible and accountable.
The entrepreneur is accountable for the success of her or his initiative. Which might be a business, a project, or anything else. Because the entrepreneur is the one with the most invested in the enterprise. She or he must be in complete control over it.
Being an entrepreneur is not linked to owning stock in a firm. Rather, it emphasizes leadership qualities. Why do we prefer to identify entrepreneurship with stock ownership rather than understanding? It is the person with the biggest stakes in a venture. Which is sometimes referred to as entrepreneurship.
Entrepreneurship is more than getting a profit.
We often associate entrepreneurship with direct financial gain and risk. But the entrepreneur is bound to have financial ups and downs. Despite whether he or she owns stock in the company. Corporate ventures and corporate entrepreneurship allow “corporate entrepreneurs” to profit. From the positive aspects of their projects without having to invest any money.
Corporate entrepreneurship is a common thing.
The entrepreneurial attitude is often overlooked in traditional company culture corporations. Omit, have compelled to embrace the entrepreneurial approach to running. And operating their businesses as a result of the proliferation of new companies. Not only is an entrepreneurial strategy more fluid and dynamic. But it also results in a leaner business. You may establish a strong sense of ownership among your employees. By giving them a high level of empowerment. Which leads to superior results in any venture.
The main driver is passion.
There’s one more thing that every entrepreneur has in common: enthusiasm! They have inner fuel and stamina that drives their activities. This superior energy aids in overcoming and surpassing various problems. As well as providing fortitude to continue pursuing goals in the face of adversity. Regardless of whether they own stock in the company, anyone may be an entrepreneur and act like one. When it comes to running the show, it’s all about attitude.
Entrepreneurs who are well-known include:
Jeff Bezos is the founder and CEO of Amazon.
Founded: Amazon.com (5 July 1994), Blue Origin (8 September 2000)
Occupation: Entrepreneur
Jeff Bezos is an American entrepreneur and the founder and CEO of Amazon.com, an online store. He was essential in the rise of e-commerce.
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Bill Gates founder of Microsoft.
Founder: Gates Foundation (2000), Microsoft Corporation (4 April 1975)
Occupation: Software developer, investor, entrepreneur
Bill Gates and his friend Paul Allen founded the software firm Microsoft Corporation. He also helped to form the Bill and Melinda Gates Foundation. Which funds worldwide health and development initiatives.
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Mark Zuckerberg is the founder and CEO of Facebook.
Founder: Meta – Facebook (February 2004)
Occupation: Media proprietor, Internet entrepreneur, Philanthropist
Mark Elliot Zuckerberg is a business tycoon, from the United States. He is most known for co-founding Facebook and its parent company, Meta Platforms. He serves as chairman, chief executive officer, and controlling shareholder.
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Larry Page and Sergey Brin
Founder: Google (4 September 1998)
Occupation: Engineer, Internet Entrepreneur, Computer Scientist, Businessperson, Manager
Larry Page is an American computer scientist and entrepreneur. He co-founded Google with Sergey Brin, making it one of the most successful websites on the Internet.
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Richard Branson is the Founder of the Virgin Group
Founder: Virgin Group (February 1970)
Occupation: Entrepreneur, Writer, Philanthropist, Investor
Sir Richard Charles Nicholas Branson is a British entrepreneur, business tycoon, and billionaire. He formed the Virgin Group in the 1970s, which now owns over 400 firms in diverse areas. Branson has always wanted to be an entrepreneur since he was a child.
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Steve Jobs founder of Apple Inc.
Founder: Apple Inc. (1 April 1976), NeXT Inc. (20 June 1985)
Occupation: Entrepreneur, Investor, etc.
Steve Jobs was a compelling figure in the early days of the personal computer. Jobs co-founded Apple Inc. in 1976 with Steve Wozniak and built it into a global telecommunications powerhouse. He supervised the debut of such breakthrough devices like the iPod. And the iPhone is considered a visionary and a genius.
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Larry Ellison CEO and Co-founder of Oracle
Founder: Oracle Corporation (16 June 1977)
Occupation: Businessman; investor
Lawrence Joseph Ellison, co-founder, executive chairman, and chief technology officer. And the former chief executive officer of Oracle Corporation is an American business mogul and investor.
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Ritesh Agarwal Founder and CEO of OYO Rooms
Founder: Oyo Rooms (2013)
Occupation: CEO and Founder of OYO Rooms
Ritesh Agarwal is the founder and CEO of OYO Rooms, an Indian millionaire entrepreneur.
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Vijay Shekhar Sharma founder and CEO of Paytm
Founder: Paytm (August 2010), One97 Communications (2000), Paytm Payments Bank (2015)
Occupation: Businessman
Vijay Shekhar Sharma is a millionaire businessman from India. Paytm, financial technology business is his creation and he is the CEO. With a net worth of $1.3 billion, he was India’s youngest billionaire by Forbes in 2017.
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Elon Musk CEO of Tesla Motors
Founder: Neuralink (July 2016), OpenAI (11 December 2015), SpaceX (14 March 2002), Tesla Inc. (1 July 2003)
Occupation: Entrepreneur, Investor
Elon Reeve Musk FRS is a business tycoon, entrepreneur, and investor. He is the co-founder of Neuralink and OpenAI, as well as the founder, CEO, and Chief Engineer of SpaceX. He is also an early-stage investor, CEO, and Product Architect of Tesla, Inc., and the creator of The Boring Company.
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