In a classroom discussion Raju stated that “entrepreneur is also a m

In a classroom discussion Raju stated that “entrepreneur is also a manager. But manager is not an entrepreneur”. Are there any differences between these two?

Answer»

Relationship between Entrepreneurship and Management:

Entrepreneurship	Management
The main motive of an entrepreneur is to start a venture by setting up an enterprise.	The main motive of a manager is to render his services in an enterprise already set up by someone.
An entrepreneur is the owner of the enterprise.	A manager is the servant in the enterprise.
An entrepreneur assumes all risks and uncertainty.	A manager does not bear any risk involved in the enterprise.
An entrepreneur gets profit.	A manager gets salary.
An Entrepreneur acts as an innovator.	A manager executes the plans prepared by the entrepreneur.
Entrepreneur is self motivated	A manager is motivated by entrepreneur.