Difference Between Entrepreneurship & Small Business Management
The terms "entrepreneur" and "small business manager" are sometimes used interchangeably, but an entrepreneur plays a different role than a small business manager. Not all entrepreneurs make great managers, and not all managers are cut out to be entrepreneurs.
As an entrepreneur, you are the dynamic force behind the planning and launching of new business enterprises. You may be involved in all aspects of your company throughout its life span, beginning with the raw startup stage, when the venture is little more than an idea. You handle issues ranging from the company's product design to determining the most efficient production methods and even finding the company's first customers.
In contrast, a small-business manager is someone you hire to handle the day-to-day management of your startup. The manager’s goal is to keep your company growing and operating efficiently. In some cases, you may bring in a skilled small-business manager to build your company into a larger entity. This typically happens after you realize that your creative vision only take your company so far, and having an experienced manager on board to direct day-to-day operations will allow the business to continue to grow.