Difference Between Entrepreneur and Entrepreneurship:
- Entrepreneur:
- An entrepreneur is an individual who identifies opportunities, takes risks, and organizes resources to create and manage a business.
- They are the driving force behind a new business idea or innovation.
- Example: Elon Musk, who founded companies like Tesla and SpaceX.
- Entrepreneurship:
- Entrepreneurship refers to the process of starting, developing, and running a new business venture.
- It involves innovation, risk-taking, and creating value for society or the economy.
- It is the broader concept that encompasses the entrepreneur’s activities.
Summary:
- Entrepreneur is the person; entrepreneurship is the process.
