ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small business owners are not risk takers and entrepreneurs are risk takers
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Small business owners think big, & entrepreneurs think bigger
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Small business owners are content and want to make a living and entrepreneurs want to change the world
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Business owners do not use technology and entrepreneurs are using the newest and best technology
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Detailed explanation-1: -Entrepreneurs tend to be classified as those who take on high-growth, high-risk innovations while small business owners oversee an established business with an established product and customer base.
Detailed explanation-2: -An entrepreneur is defined as a business owner who takes on greater financial risks than usual. Even though small business owners are commonly referred to as entrepreneurs, these two roles are not entirely the same. Small business owners are more conservative, while entrepreneurs thrive on change and innovation.
Detailed explanation-3: -Small business entrepreneurship is the idea of opening a business without turning it into a large conglomerate or opening many chains. A single-location restaurant, one grocery shop, or a retail shop to sell your handmade goods would all be an example of small business entrepreneurship.
Detailed explanation-4: -entrepreneur are motivated by growth and expansion while small business owners are motivated by sales and profits.
Detailed explanation-5: -Businessmen run their business for the primary purpose of making profits. Entrepreneurs intend to make profits but with a purpose of making a difference. They want to change the world by addressing a problem. They are passionate about providing unique solutions for problems in the community.