Question

Distinguish between: Entrepreneur and Manager

Answer 1

Sr. No.	Basis of Difference	Entrepreneur	Manager
1.	Motive	The main motive of an entrepreneur is to start a venture by setting an enterprise to achieve his ideas.	The main motive of a manager is to give his services to an enterprise owned by someone else.
2.	Status	An entrepreneur is the owner of the enterprise	A manager is a servant or paid employee of an enterprise.
3.	Risk-bearing	Being the owner, the entrepreneur undertakes all the risks and uncertainties of the enterprise.	A manager being an employee does not undertake any risk involved in the enterprise.
4.	Qualification	an entrepreneur requires qualities and qualifications like hardworking, patience, foresight, high thinking, independence, etc.	A manager needs to possess educational and technical skills. Special management knowledge and qualification is an additional benefit
5.	Innovation	Entrepreneurs are born innovators. They set their own goals and work for it.	Managers only execute the plans prepared by the entrepreneurs. They only do the practical part of the plan.
6.	Benefits	An entrepreneur gets profits as the benefits of the enterprise which is uncertain.	A manager usually gets a fixed salary for the services rendered by him. It is fixed.
7.	Decision making	An entrepreneur takes decisions on his own as the enterprise has to develop as per his ideas.	A manager does not have the authority to take decision on behalf of the enterprise, but he may take decision related to the plan which he is executing.
8.	Specialization	An entrepreneur may not be specialized in his trade but may have sufficient knowledge.	A manager is a trained professional, hence is specialized in his field.