There is a lot of confusion between small business owners and entrepreneurs. They are both risk takers pursuing their own vision and need a lot grid to make things happen. The main difference is that entrepreneurs usually take outside funding to build something way bigger while small business owners start and run a business with limited resources and planning.
Entrepreneurs are always thinking way ahead about the next thing in the world. They dream of how the world can improve. They do not settle for status quo. Entrepreneurs usually dream up of new ideas that could work or not work and try to scale it. They grow startups into big companies. They usually go for outside funding as this is a new scalable, high risk, high reward, venture. Entrepreneurs usually dream up of improving the world in a vast way and normally do not sell an already available merchandise or franchise or dealership. Entrepreneurs usually operate years before revenue comes into the door.
Small business owners start their business to mostly feed themselves. Small businesses normally do not scale up like a startup. They make small decisions and usually operate the business themselves. Small business owners walk on right ropes with a safety net underneath. They are usually the bedrocks of local economies. People normally think that small businesses are only retail and some franchise owners, but with the internet, there are other options such as e-commerce, drop shipping, consulting, and freelancing.
Whatever the differences, it is undeniable that both entrepreneurs and small business owners began with vision, energy, and enthusiasm to implement their businesses. The difference might be that entrepreneurs know when to sell and move on to another innovative project. Small business owners are happy running his or her business and are satisfied with their autonomy. They might not even dream of selling. Our neighbor, Wok Shop, never dreamed of selling her business no matter how many offers she received because running her business is her pride. Entrepreneurs and small business owners create their own jobs and many others if they are successful. With technological advancement, technology startups which turned corporations have helped small businesses in many ways. For example, the Wok Shop has been on Amazon since 1999 and have been growing her business with Amazon.
No matter if you are a small business owner or an entrepreneur, we have a perfect space for you to be productive at Treehouse Society. You will be surrounded by other motivated entrepreneurs, small business owners, and freelancers to keep your grit going.
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