Chapter 2. The traits of the entrepreneur – it's all in the mindset
ENTREPRENEUR VS SMALL BUSINESS OWNER
The terms 'entrepreneur' and 'small business owner' are often used interchangeably in the lexicon of commerce, but there are some very real differences between the two groups.
It was eighteenth-century French economist Jean-Baptiste Say who first coined the term entrepreneur as a means of distinguishing between the majority of people owning and running small businesses and the smaller but much more important group who contributed significantly to the well-being of economies at large. As he defined it, an entrepreneur could be characterised as a creative, risk-taking forecaster: someone who projected and appraised future opportunities. In his ...
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