This post outlines the similarities and also the differences between the pair. From below, we’ll see that the Self-employed are the business while an Entrepreneur runs a business.
The Self-Employed work for themselves as a freelancer or the owner of a business rather than for an employer. This is typically an employee with business – The business runs them
An Entrepreneur, on the other hand, is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do run the business.
Most of the business owners fall under the category of “self-employed”. They begin with a skill or set of skills and the opportunity to make money arises. This is where their learning of a business starts. They do everything to run the business – They take care of insurance, accounting, marketing and so on. And soon they find out that they are suppressed in the endless amount of hours required to keep the business running.
While many people are “owners” of their businesses, they typically carry all the duties of an employee. This combination of duties can create many constraints on the success of the business. Performing many duties in the business often leave the self-employed overworked, underpaid and would even be very lucky to get a few days off in a year.
An Entrepreneur, on the other hand, is all about risk and reward. They think of a creative way to succeed in a business and move on to the next one. While the businesses might interest them, it’s really the passion to start-up a new business and leading something to success that drives them. They often end up selling the business or move on to start a new venture. They have their eyes set on the future.
The outline below, are the key differences between an Entrepreneur and the Self-Employed.
A good industry that makes you a good Entrepreneur is Network Marketing. Our Industry even removes the great risk involved in traditional businesses and our type of business requires very little capital to start compared to traditional businesses. From the above, which category do you think you fall into? Let us know in the comment section below. If you want to become a Network Marketer, I think we’re more than qualified to guide you to the right company. Unfortunately, there are too many companies out there that are Pyramid schemes hiding under the guise of Network Marketing. It’s one of the many reasons we started our little blog. Hit the “Work with us” link above or below to get started.