The Difference Between an Entrepreneur and a Business Owner
by Justin Larson, of GreenForestMarketing.com
After several years of working with many business owners and entrepreneurs who are just starting out, I have noticed a few key differences between the two. Most people loosely interchange the terms “business owner” and “entrepreneur.” The main difference between a business owner and an entrepreneur is that an entrepreneur has an idea they want to implement and a business owner is somebody who’s more interested in their profit-and-loss statements.
An entrepreneur has big dreams and lots of motivation to get started, but waits until the right time to do it. Entrepreneurs also tend to focus on getting the product or service perfect without first testing the market.
This mentality can prevent them from getting any traction in their business, because once they implement something they think is right, they wait until they’re sure of the next “right” decision. Then they may completely change their mind on the original idea. Does this sound like anyone you know?
A business owner has great ideas, too, but executes on their ideas as soon as they come. They don’t wait to try and do it perfectly; they jump in even if the concept is not perfect and implement their ideas into their businesses. They aren’t worried about being perfect because chasing “perfect” is like chasing a mirage.
Neither the entrepreneur nor the small business owner is ever perfect – and they each have different struggles. The business owner is trying to build systems and keep everything working together, while the entrepreneur is worried about figuring out how to get started correctly.
The key is just to get started. If you find yourself in this position as an entrepreneur, my advice to you – whether you’re in your early 20s or your late 60s – would be to experiment with as many things as you think you’d like to do and try them all! Keep trying until you hit on the one thing you absolutely love to do with passion, and once you find that, get started without worrying about the right decision or trying to be perfect. Let go of any perfect standards you may have set for yourself.
On the flipside, if you’re a business owner who’s implementing and working hard to hold the system together, my advice to you is to build a team of people who believe in you and what you stand for, and fire quickly if you have a person on your team who has a negative attitude toward you or the business. These kinds of people are like poison to a business.
Justin Larson is a social media marketing professional. As a child, he was raised by many entrepreneurs. His grandparents on his dad’s side owned a woodworking business that is now owned by his aunt and uncle. His grandpa on his mom’s side owned a construction company and his maternal grandma owned a hair salon. He helped his parents in their woodworking machinery and lumber business, doing computer work and posting products online. He even helped create their first business website. It wasn’t perfect, but he knew from that moment on this was what he wanted to spend his life doing. Now he works with authors and small business owners who want to grow their businesses. Although social media is free to use, it can help explode business growth if used properly. Visit GreenForestMarketing.com to learn more.