Page 113 - AI Ver 1.0 Class 9
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Rewards of an Entrepreneurship

            There may be a lot of challenges of being an entrepreneur but the rewards outshine these and motivate people to
            follow this path. Some of the rewards are listed below:























               • Master of his own time: An entrepreneur decides for himself his hours of work. It is totally his own decision
              to give either maximum hours or only a few hours to his business. He is not stuck trying to manage 9 hours of
              office. He can work for long hours and then can go on a vacation.
               • Lives his passion: An entrepreneur lives his own dreams. He can pursue what he is passionate about in his life.
               • His own boss: An entrepreneur creates his own empire, so he is his own boss. He is the leader of his troop and
              master of others who work under him.
               • Makes profits for himself: An entrepreneur works for himself and his own business, so if he is gaining more
              profits, then he is earning for himself. It will be totally his decision where to put the money earned through
              profit. He can invest more and expand his business or save it for his rainy days.


                    Difference between Businessman and Entrepreneur

            It is generally assumed that an entrepreneur and a businessman are the same people but both of them have a
            different approach for their business. A businessman uses traditional ways of doing business but an entrepreneur
            goes for innovative ways of doing a business. Let us see the main differences between the two:

                                             Businessman                                Entrepreneur
                               A businessman is a person who starts a     An entrepreneur is a person who starts an
                               business based on an idea already existing   enterprise with a new idea or concept. For
             Meaning
                               in a society. For example, opening a grocery   example, selling products through online
                               shop, mobile shop, etc.                    services.

                               Market Player who creates his own place in
             Market Status                                                Market Leader who creates his own market
                               the existing market
             Risk Factor       Risk factor is less.                       Risk factor is high.
                               Businessman follows traditional            Entrepreneur follows unconventional
             Procedures
                               procedures.                                procedures.

             Competition       High.                                      Low.

             Focus             Profits.                                   Customers, employees, profits and society.



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