5 Undisputable Differences Between Entrepreneurs And Managers.

"When entrepreneurs and investors come together to pool resources, they form a team. When employees and self employed specialists come together to network, they form a union." - Robert Kiyosaki

I know this title might sound a little bit controversial or weird. Though i am an entrepreneur to the core, it is never my intention to place a kind of supremacy of one over the other; i just want to highlight some fundamental differences between an entrepreneur and a manager.

Sometimes, both of them are mistaken as been the same but they are not. Before i proceed, i want stress the point that both an entrepreneur and a manager are both needed for the growth of any business. One cannot do without the other.

Without much ado, below are difference between entrepreneurs and managers:

1. An entrepreneur will perceive an opportunity, assemble a team, locate resources for his new business idea, raise the needed capital and start the business while the manager comes in only after the foundation has been laid and the business established. What this mean in essence is; without entrepreneurs, the managers will have no business to manage.

2. Entrepreneurs are more concerned with the launching and sustainability of a business in the face of uncertainty while managers are more concerned with the effective and efficient operation of an on going business.

3. Managers are business management specialist. They are only focused on managing a business. On the other hand, entrepreneurs are generalist. They need to know a little about everything. An entrepreneur must know a little about product development and design, business law, accounting, communication and public speaking, investing, leadership, business systems, finance and insurance, marketing and sales, raising capital and so on.

4. Entrepreneurs are street smarts. They learn everything by trial and error, they learn from their own mistakes and the mistakes of others. An entrepreneur starts with whatever is on ground and learns the hard way. On the other hand, managers are school smarts. They are mainly degree holders, MBAs to be precise.

Managers go to school to become professionals; entrepreneurs get their education from the streets.

5. To entrepreneurs, freedom is their utmost priority. Freedom to do what they want, freedom to live the kind of life they love and freedom to make a choice.

To managers, security is their utmost priority. Their security comes in the form of a steady paycheck, bonus and entitlements.

I hope with these few points, you can now differentiate between an entrepreneur and a manager. So whenever you see those top CEOs on television, you should know where to place them.

To my fellow entrepreneurs, i wish you sustained business growth. God bless you.