Sr.
No.
|
Basis
of Difference
|
Entrepreneur
|
Manager
|
1.
|
Motive
|
The
main motive of an entrepreneur is to start a venture by setting a enterprise
to achieve his ideas.
|
The
main motive of a manager is to give his services to an enterprise owned by
someone else.
|
2.
|
Status
|
An
entrepreneur is the owner of the enterprise
|
A
manager is a servant or paid employee of an enterprise.
|
3.
|
Risk-bearing
|
Being
the owner, the entrepreneur undertakes all the risk and uncertainties of the
enterprise.
|
A
manager being an employee does not undertake any risk involved in the
enterprise.
|
4.
|
Qualification
|
an
entrepreneur requires qualities and qualifications like hard working ,
patience, foresight, high thinking, independence, etc.
|
A
manager needs to posses educational and technical skills. Special management
knowledge and qualification is an additional benefit
|
5.
|
Innovation
|
Entrepreneurs
are born innovators. They set their own goals and work for it.
|
Managers only execute the plans prepared by the
entrepreneurs. They
only do the practical part of the plan.
|
6.
|
Benefits
|
An
entrepreneur gets profits as the benefits of the enterprise which is
uncertain.
|
A manager
usually gets fixed salary for the services rendered by him. It is fixed.
|
7.
|
Decision
making
|
An
entrepreneur takes decisions on his own as the enterprise has to develop as
per his ideas.
|
A manger does
not have authority to take decision on behalf of the enterprise, but he may
take decision related to the plan which he is executing.
|
8.
|
Specialization
|
An
entrepreneur may not be a specialized in his trade but may have sufficient
knowledge.
|
A manager is
trained professional, hence is specialized in his field.
|