Entrepreneur

Starting a business is exciting and will probably be one of the biggest decisions of your life. Now that you've decided that your business idea is feasible and you've identified possible markets it's time to get down to the real work of starting your business. Good business relies on good planning so before you start investing your time and money get your plans and systems in place. The first thing you need to do before you dive straight in is to do a business plan. It's a wise move, rather like checking how deep the water is before you jump in!

Are you a Business Person or an Entrepreneur?
Entrepreneurship can be defined as "the ability to identify opportunities and create resources to take advantage of these opportunities." Entrepreneurship get anything to change direction. New approaches are found and developed. An entrepreneur creates new businesses and organizes the market in a new way. Entrepreneurship is the act and art of being an entrepreneur or one who undertakes innovations or introduce new things, finance and business acumen in an effort to transform innovations into economic goods. The most obvious form of entrepreneurship is to start a new company (startup company), but in recent years the concept has been extended to include social and political forms of entrepreneurship. When entrepreneurship describes the activities of a company or large organization it is called in entrepreneurship and may include corporate venturing, when large entities spin-off organizations. Commercial activities are substantially different depending on the type of organization and creativity involved. Entrepreneurship ranges in scale from solo projects (even implies that the entrepreneur only part-time) to major undertakings creating many job opportunities. Many "high value" entrepreneurial ventures seek venture capital or angel funding (seed money) in order to raise capital to build the business. More recently, the concept of entrepreneurship expanded to include elements not related necessarily to business. Formation activity such as notions of entrepreneurship as a specific mindset results in entrepreneurial initiatives e.g. in the form of social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship have emerged.

BUSINESS PERSON	ENTREPRENUER
Starts a business from an existing idea or concept	Starts a business from his own unique idea or concept
Has many business rivals	His business rival is himself
Focuses on competition	Focuses on cooperation
Is always busy on his business "busy-ness"	Is only busy in preparing his new enterprise
Don't have enough time for his family and personal life	Have a lot of time for his family and personal life
His business gives him a living	He gives life to his business
Traditional	Innovative and revolutionary
Stays safe	Risk taker and accountable
Worried	Excited
Profit oriented	People (i.e., employee, customer, public) oriented
Has an active income or profit	Has a passive income or profit
Hire people to increase business productivity	Hire people to give them productivity
A market player	A market leader
Has not yet achieved financial freedom	Has achieved financial freedom
Only gives importance to a part of the business world (atomistic)	Gives importance to the business world as a whole (holistic)