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Diffrences between Employees and Entrepreneurs

Diffrences between Employees and Entrepreneurs

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Diffrences between Employees and Entrepreneurs

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  1. Diffrences between Employees and Entrepreneurs The difference about entrepreneurs and employers is a a employee is someone who works for a business, and a entrepreneur starts there own business and works for themselves.

  2. Think Like a Entrepreneur • They listen. By listening to others, entrepreneurs get ideas about improving a business or creating a new one. • The Observe. By constantly keeping their eyes open, entrepreneurs get ideas about how to help society, about businesses to start, and about what people need. • The think. When entrepreneurs analyze a problem, they think about solutions. What product or service could solve it.

  3. Big a Small Business Not all business have to be big, most business started off with being small. You can start your own small business whether it’s a cleaning service, or babysitting.

  4. A Business Must Make A Profit To Stay in Business • The amount of money coming must be greater than the amount of money required to pay the bills. • When starting a business, it’s realistic to lose ,money for at least the first three months. It can often take that long for a business to start selling enough to earn a profit.

  5. Profit is The Sign That The Entrepreneur is Adding Value. • If your business is making a profit, you are clearly doing something right.

  6. The Economic Questions What Should be a product? How will it get produced? Who gets to have what is produced?

  7. Voluntary Exchange Voluntary Exchange is a transaction between two parties who agree to trade money for a product or service.

  8. Benefits of Free Enterprise It encourages entrepreneurs who use resources efficiently to satisfy consumer needs by rewarding them with profit.

  9. Entrepreneurs View Change As Opportunity • Giant corporations such as automobile manufacturers can find it difficult to respond to sudden change. • They tend to move slowly because so many people and so much money is involved in any change they make.

  10. Why be a Entrepreneur? • Entrepreneurs create jobs for people in their communities. In the addiction, many of the worlds great museums, libraries, hospitals, and other important institutions and facilities have been founded and supported by entrepreneurs.

  11. Ownership is the Key To Wealth Top executives at large corporations may make millions of dollars, but that money is not just a salary. They have negotiated payment packages that include stock in the company.

  12. Living a Life You Will Love You will have Wealth, Influence, and control