Business Studies

The distinction between an Entrepreneur and small business owner" if made revolves around ________.


ANSWER

the risk taking or re-invention of a business VS. someone who simply starts a business or buys an existing one.


SOLUTION
An entrepreneur is a person who innovates new ideas for developing a product and service which would have a value in the market, and also has to various risks involved in the business. The small business owner is a person who simply starts a business with an existing idea or buys an existing business.
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