Entrepreneurs are the same as small-business owners in terms of the methodology, new product development, and the choice of markets.

Question

Quizplus · Accepted Answer

While some small-business owners may also be entrepreneurs, the two are not synonymous. Entrepreneurs are typically associated with innovative and high-growth business ventures, while small-business owners may focus on maintaining a steady income and serving a local market. Additionally, entrepreneurs may differ from small-business owners in their willingness to take risks, seek out funding from investors, and pursue large-scale market opportunities.

Entrepreneurs Are the Same as Small-Business Owners in Terms of the Methodology