Small businesses are the backbone of this country. A businessperson (businessman, businesswoman) is a person involved in the business sector – in particular someone undertaking activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth. It’s National Small Business Week. Opinions expressed by Forbes Contributors are their own. Precisely Status: An entrepreneur is the owner of a business venture. The Difference Between An Entrepreneur And A Small Business Owner. Also, there is a tendency of people to talk about these terms in the same breath as if both were the same. If I be selling dope, I would be a businessman. It contains well written, well thought and well explained computer science and programming articles, quizzes and practice/competitive programming/company interview … A Computer Science portal for geeks. He is the owner of the business, so he bears all the financial and other risks. The entrepreneur properly understands the venture for his own gratification. A manager is a person who renders his management services to the organization already set up by an entrepreneur. If I was gardening it, I would be an industrialist. Differences between business class and first class exist, but they're not as pronounced as those between economy and first class. Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. Small Business Strategy. They create jobs, come up with new ways of doing old … There is a fine line between being a small business (SB) owner and an entrepreneur—the roles actually have a lot in common—but there are distinct differences that set them apart. The difference between commerce and business can be puzzling to some as the words commerce and business have a similar connotation. Difference between Entrepreneur and Manager. Gene Marks Contributor. Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. For just $5 per month, … Hooray! He has the responsibility of controlling and administering the organization. The key difference between an entrepreneur and a manager is their standing in the company. An entrepreneur is a visionary that converts an idea into a business. Entrepreneur vs. CEO: Understanding the Difference Can Save Your Business 08/02/2013 05:13 pm ET Updated Mar 31, 2014 A phenomenon that I have been watching for as long as I can remember is entrepreneurs who think they can magically transform themselves into CEOs purely because they started a business. 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