Books for Business Analyst

Increasingly, we automatically use foreign words in speech, previously unusual terms, not always knowing their exact meaning.

For example, the words "businessman" and "entrepreneur" are practically synonyms, but the meaning of these two words is different. Do you want to know how business is different from entrepreneurship? Then stay connected!

It so happened that de jure the concept of entrepreneurship is enshrined in the tax code.

An individual entrepreneur is a person who carries out a registered individual activity aimed at making a profit, and, importantly, the mentioned activity must be systematic.

Assuming that the words "business" and "businessman" are used in English with the same semantic load - The business analyst's handbook as an example - we can easily substitute one concept for another.

As the saying goes, find 5 differences.

The first

Just like they say in the "CBAP Study Guide PDF" article, the most important difference lies on the surface. The essence of doing business and entrepreneurship is different.

If in the first case the person who decided to run a private business takes a ready-made model as a basis and implements it, then in the second case it is the entrepreneur who develops the model. His occupation is the implementation of new ideas, the search for innovations, something that no one has done before.

For example, the founders of the world famous sports company "Adidas" once came up with the idea of ​​complementing the sole of sneakers with metal spikes. Thus, traction with the surface was improved, and the athletes achieved significantly better results - read Business eBooks for details.

This is entrepreneurship, the release of products that have not yet been on the market. The fact that competitors began to produce similar shoes after them, we will call "business" - work according to a ready-made template, perhaps slightly modified or supplemented.

Second

The second difference can be safely called the degree of risk in one and the other case.

The ready-made model, tested by time and colleagues-competitors, has already proven its viability in one way or another, and the risks associated with doing business are significantly lower than when organizing your own, fundamentally new business.

Modern laptops have long become an integral part of our life, but will there be any demand for devices that, for example, are charged not from electricity, but from sunlight? On the one hand, such charging is available and free, but on the other hand, the number of cloudy days in our latitudes is quite large.

Whether such an entrepreneurial activity is doomed to success or failure can only be found if you try. And this means, at your own peril and risk, you will invest in the purchase of equipment, raw materials, labor, sales market, and so on and so forth. But if the idea finds a response in the hearts of millions of people, then millions (rubles or dollars) will end up in your bank account.

Tempting? As they say, who does not risk ...

Third

The third point is the scope in both cases. Business presupposes a serious turnaround; big business can be safely called the basis of state economic policy. And entrepreneurship is a small and medium-sized activity.

To organize an entrepreneurial business, its owner (owners) invest their own funds. For example, they take loans and credits from the bank, pledging personal property as a guarantee of creditworthiness.

Businesses, especially large ones, are often supported by the state and are based on existing facilities. It should be noted that there is a direct dependence on state policy in the case of organizing medium and large businesses.

Fourth

And finally, summing up all of the above, I would like to note that the organization of entrepreneurial activity requires extraordinary imagination, a creative approach and a fountain of new ideas.

Plus to this - the desire and aspiration, the courage to engage in unfamiliar business and the ability to attract people to their side, to convince them of the expediency of investing money, acquiring, helping in development.

Perhaps there are some patterns, for sure, you can find literature on a topic of interest, but by and large an entrepreneurial streak should be in a person's blood, learning this at a university will not work.

Surely, my dear readers, some of you got confused about the difference between these two concepts, and someone gave up and still uses them as synonyms. Your business, it was interesting for me to conduct a small investigation and find out new information for myself, which I am happy to share with you.