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Entrepreneur Vs. Small Business Owner, Defined

An Entrepreneur is an individual who starts and runs a business with limited resources and planning, taking account of all the risks and rewards of his or her business venture. The business idea is usually a new innovation, product or service, rather than an existing business model.

Such entrepreneurial ventures target high-returns, with high level of uncertainty. The entrepreneur is willing to put his or her financial security and career at stake to take risks on an idea, spending time as well as capital on an uncertain venture. (Who were the 10 Greatest Entrepreneurs?)

By Shobhit Seth

Full Story: http://www.investopedia.com/articles/investing/092514/entrepreneur-vs-small-business-owner-defined.asp

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