An owner is a person who invests money in the enterprise for maximizing profit as well as wealth. He does not take many risks for his investment. He prefers the status quo until he earns a significant return. He normally carries on small business and does not expand the business until opportunity clearly exists.
The differences between entrepreneur and owner are presented below.
Difference between Entrepreneur and Owner
| Bases of difference | Entrepreneur | Owner |
|---|---|---|
| 1. Meaning | An entrepreneur is a person who organizes and manages an enterprise with considerable initiative and risk. | An owner is the person who invests money in the enterprise for maximizing wealth. |
| 2. Risk | An entrepreneur takes risks for business opportunities. | An owner does not take much risks of his investment. |
| 3. Status quo | An entrepreneur does not prefer status quo. | An owner may prefer status quo until he earns significant return. |
| 4. Experimentation | An entrepreneur prefers experimentation. | An owner does not prefer experimentation.. |
| 5. Nature of business | An entrepreneur normally wishes to conduct large business. | An owner normally carries on small business. |
| 6. Expansion | An entrepreneur is always prone to expand his business.. | An owner is not very prone to expand his business. |
