VAE 511: Livestock Entrepreneurship (1+0)

DISTINCTION BETWEEN AN ENTREPRENEUR AND A MANAGER

Point of Distinction	Entrepreneur	A Manager
Goal Management	An entrepreneur starts a venture by setting up a new enterprise for his personal gratification. He starts from the scrap and build it brick by brick .	The main aim of a manager is to render his service in an enterprise already set up by someone, to achieve the goal of the firm. He merely run the business efficiently which was built by some other person.
Ownership	Entrepreneur is the owner of enterprise.	A manager is an employee in the enterprise.
Risk	Entrepreneur bears all risks and uncertainty involved in the enterprise.	A manager being an employee does not bear any risk or uncertainty involved in the enterprise.
Rewards	Entrepreneur, for his risk bearing role, receives profits. It may fetch him greater returns or may be irregular and can at times be negative.	A manager receives salary as reward for service rendered which is fixed at any particular period and regular, but can never be negative.
Innovation	As an innovator he is called as change agent who introduces new or modified goods and services to meet changing needs of the customer. He plans, envisages the changes and implements them.	A manager executes the plans of the entrepreneur. Thus, a manager translates others ideas into practice.