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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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