2006-09-07 05:48:17 · 13 answers · asked by torrentworld4000 1 in Business & Finance ➔ Other - Business & Finance
An entrepreneur set up and run his own business successfully.
An innovator come with a new idea, but he is not especially a business person or entrepreneur.
People set up their own business because they feel the confidence to do as well, or even better, than working for a company and they want to get the reward of their hard work.
2006-09-07 05:51:30 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I personally believe that you need to be an innovator to be a successful entrepreneur. Although I, as an entrepreneur with a graphic design business didn't create web designing, I have to have fresh ideas to make my company stand out from the rest. I have to constantly come up with new ways to market my company, get new clients, maintain old ones and take what millions of people are out there doing right now and make mine original. That's innovation on my part.
2006-09-07 05:55:06 · answer #2 · answered by elmb 2 · 0⤊ 0⤋
Good question. An entrepreneur is someone willing to take a calculated risk in a venture with no guaranteed outcome. I think the word originates from the French words 'Entre' and 'Preneur' which would literally translate as 'Opening Taker'.
An innovator is someone who comes up with something new, but doesn't necessarily mean he/she will then take that idea to market.
Why do people start their own businesses? Many reasons, such as personal freedom, the challenge it presents, and the potential rewards (not purely financial) that may come.
2006-09-07 05:54:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
An entrepreneur is basically a business person, where as an innovator would actually invent the thing in the first place.
People generally start their own businesses because they want to be their own boss, make loads of money and be successful for themselves rather than the company they work for take all the credit.
2006-09-07 05:50:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
An entrepreneur (a loanword from French) is a person who undertakes and operates a new enterprise or venture, and assumes some accountability for the inherent risks. In the context of the creation of for-profit enterprises, entrepeneur is often synonomous with founder.
Most commonly, the term entrepreneur applies to someone who establishes a new entity to offer a new or existing product or service into a new or existing market, whether for a profit or not-for-profit outcome (see entredonneur).
Business entrepreneurs often have strong beliefs about a market opportunity and are willing to accept a high level of personal, professional, or financial risk to pursue that opportunity. Business entrepreneurs are often highly regarded in US culture as being a critical component of its capitalistic society.
Famous American entrepreneurs include: Henry Ford (automobiles), J. Pierpont Morgan (banking), Thomas Edison (electricity/light bulbs), George Eastman (cameras), Barron Collier (advertising), Milton S. Hershey (confections), Bill Gates (computer operating systems and applications), and Steve Jobs (computer hardware, software).
Famous British entrepreneurs include: Richard Branson (travel and media), James Dyson (home appliances), Alan Sugar (computers).
Some distinguish business entrepreneurs as either "political entrepreneurs" or "market entrepreneurs."
http://en.wikipedia.org/wiki/Entrepreneur
http://en.wikipedia.org/wiki/Innovator
2006-09-11 04:50:18 · answer #5 · answered by danielpsw 5 · 0⤊ 0⤋
An entrepreneur is an innovator or developer who recognizes and seizes opportunities; converts these opportunities into workable/marketable ideas; adds value through time, effort, money, or skills; assumes the risks of the competitive marketplace to implement these ideas; and realizes the rewards from these efforts.
Innovation: The process by which entrepreneurs convert opportunities into marketable ideas.
An entrepreneur IS an innovator.
The most popular reason to open your own business is personal satisfaction, and flexibility.
2006-09-07 05:53:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋
An entrepeneur is a person who organizes and manages any enterprise, esp. a business, usually with considerable initiative and risk.
An innovator is someone who helps to open up a new line of research or technology or art, or changes something already established.
People open their own businesses for a number of reasons. Some like the flexibility and freedom of working for themselves. Others have innovative products, ideas, or services they would like to sell to others (often to help better society), and others are profit motivated. It should be noted that the goal of any successful business is to turn a profit, whether or not they are motivated by a greater good.
2006-09-07 05:53:00 · answer #7 · answered by surfinthedesert 5 · 0⤊ 0⤋
Entrepreneur is one who starts out on his own, rather than work for someone else, or run an existing business. Innovator is one who does something new, or something in a different way.
I would think that people start their own business to be able to earn well, and get independent. Imagine a life without a boss, or when you are the boss. Surely is better than working for anyone else, to have things your way.
But word of caution is that it is too damn difficult to sustain yourself. Not for the weak!
2006-09-07 05:52:02 · answer #8 · answered by kinsy 2 · 0⤊ 0⤋
An entrepreneur is basically a risk-taker who starts his own business,whereas an innovator invents some new product or process.Strange as it may seem,some of us prefer to have our own small business rather than be ruled by some horrible, large organisation where initiative is stifled.Some of like to control our own lives & not be subject to office politics etc.I could never go back to being employed again,it's just too awful to contemplate being an office slave again.Money plays only a small part in this.
2006-09-08 00:48:56 · answer #9 · answered by TEDDYB 1 · 0⤊ 0⤋
An innovator might not necessarily have entrepreneurial abilities. You can have great ideas but might not be able to market them effectively. But an entrepreneur is in the business of selling a product or service, regardless of the fact that the product or service may or maynot be his/her original idea. .
Entrepreneurship means independence and is one of the surer ways to be a millionaire in this country.
2006-09-07 05:56:07 · answer #10 · answered by Tinnaaa 2 · 0⤊ 0⤋