Entrepreneurship Development

ENTREPRENEURSHIP DEVELOPMENT FOR RURAL FAMILIES 4(1+3)

Lesson 1 : Concepts and Definitions of Entrepreneur, Entrepreneurship, Enterprise

Entrepreneur Vs Manager

Entrepreneur	Manager
An entrepreneur is involved with the start-up process.	A manager with running business over a period of time.
An entrepreneur assumes financial, material and psychological risks.	A manager does not have to bear risks
An entrepreneur is driven by perception of opportunity	A manager is functioning by the resources he currently possesses.
An entrepreneur initiates change	A manager follows rules and procedures.
An entrepreneur is his own boss	A manager is a hired employee.
An entrepreneur gets uncertain rewards	A manager gets fixed rewards and salary.