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Distinguish between entrepreneur and employee ? |
Answer» The major difference between an entrepreneur and an employee are as follows : ENTREPRENEUR : (1) Meaning:\xa0An entrepreneur is a person who works for himself. (2) Works for:\xa0An entrepreneur works for freedom. (3) Risk factor:\xa0An entrepreneur faces high risk (4) Terms of work:\xa0An entrepreneur himself decides his terms and conditions. (5) Degree of freedom: Full freedom enjoyed by the entrepreneur. (6) Reward:\xa0Entrepreneurs are rewarded with profits.(7) Role played by them:\xa0Entrepreneurs are solution finders.(8) Perspective:\xa0Entrepreneurs look into the future.EMPLOYEE : (1) Meaning:\xa0An employee is a person who works for others. (2) Works for:\xa0An employee works for the security (3) Risk factor:\xa0An employee faces no risk (4) Terms of work:\xa0An employee works according to the terms and conditions laid down by his employer.(5) Degree of freedom:\xa0An employee does not enjoy any freedom.(6) Reward:\xa0Employee\'s reward is their salary. (7) Role played by them:\xa0Employee\'s are problem solvers. (8) Perspective:\xa0Employee\'s look into the past. | |