The distinction between an "entrepreneur" and "small business owner" revolves around:A. really nothing; they are truly one and the same B. whether the business is an Internet based one or notC. the risk taking or re-invention of a business vs. someone who starts a business or buys an existing one
Question
The distinction between an "entrepreneur" and "small business owner" revolves around:A. really nothing; they are truly one and the same B. whether the business is an Internet based one or notC. the risk taking or re-invention of a business vs. someone who starts a business or buys an existing one
Solution
The distinction between an "entrepreneur" and a "small business owner" revolves around the risk taking or re-invention of a business vs. someone who starts a business or buys an existing one. This means that while both entrepreneurs and small business owners are involved in running a business, the key difference lies in their approach to risk and innovation.
Entrepreneurs are typically seen as innovators who take on high risks to introduce new products or services, often disrupting existing markets or creating entirely new ones. They are willing to take on financial risk in the hope of profit, and their businesses are often characterized by growth and expansion.
On the other hand, small business owners may not necessarily be involved in innovation. They may start a business based on an existing business model or buy an existing business, and their primary goal is often to generate a steady income rather than to innovate or expand. They may be more risk-averse compared to entrepreneurs.
So, the answer to your question is C. the risk taking or re-invention of a business vs. someone who starts a business or buys an existing one.
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