I like this question because I never compare the meaning behind these two terms. Entrepreneur and small business have many similar characteristics, yet they are still different.

Here is list of characteristics that help us to see the differences between them,

1. Risk – Small business tends to have known and established product and services which means less risk, Entrepreneur tends to have higher risk product and services because they are brand new and not established before

2. Return – Higher risk means higher return, entrepreneur tends to attract venture capital and expect to have massive return, small business usually starts within family and friends and expect to have certain growth and return

3. Innovation – Entrepreneur tends to sell more innovative products or services, small business tends to sell products and services that already exist in the market

4. Way of problem solving – small business sells things that you need, entrepreneur sells things that you want

If I start another company, I won’t expect to be in full control, I would definitely choose to delegate my work and duty to people that I trust. A wonderful team makes a company perfect instead of one person.

The most important growth issues entrepreneurial companies will face are these two,

1. Productivity – A company has to be willing to keep making big changes in order to increase their productivity, and it is not easy at all to make these changes

2. Management – Managers determine whether the company will grow and grow in the right way

In general, entrepreneurs sell innovative products and services, face unknown risk and aim for rapid growth and huge return, they sell things that you want in the near future or now that didn’t have a strong present in the market yet and take the world to next level.