There are several differences between entrepreneurs and small business managers. Firstly, entrepreneurs are people who put passion before profits. This is because entrepreneurs focus on doing things that they like and that can change the environment they are operating in. On the other hand, small business managers are in their activities for pure profit, and they are not driven by passion or the desire to change the world. Secondly, entrepreneurs are risk takers, and they are always thinking of new inventions. Small business managers, on the other hand, fear taking risks since they have a fear of making losses. They are only interested in ventures that guarantee profits.
Some of the important traits of any successful entrepreneur include persistence, being decisive and self-disciplined. An entrepreneur has to be persistent in what they do since businesses require a person who is responsible. This will enable them to do the right thing at all times and put the interest of their business first. Persistence is key for an entrepreneur due to the failures associated with the commencement of entrepreneurial ventures. An entrepreneur has to be persistent and not give up despite the challenges they encounter since it is persistence that shows their willingness to succeed. Every entrepreneur must be decisive for them to succeed. This will enable them to make quick but sound decisions when faced with challenges. This is also important in executing decisions they make for their businesses.
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For one to be a successful small business manager, they should possess some of the following traits: Trustworthiness, customer-centric and a good communicator. Being trustworthy is a trait that enables a small business manager handles the funds and returns of any business appropriately, and this enables the business to grow. A successful small business manager must also be able to put the interests of the customer first since the customer is always right. This will enable the business to maintain and attract new customers. They must also be able to communicate effectively because communication is essential in handling the running of any business. This will ensure good client relations and good employer-employee relationships.
