Taylormade Business Services
Entrepreneur or Manager

Entrepreneur or Manager

Aren't they the same?

Entrepreneurship and management are often thought of as the same, with many people assuming that entrepreneurs must also be effective managers. However, this assumption is not necessarily true. While some successful entrepreneurs may excel at managing people and resources, many others do not, and that is perfectly okay.

To understand why entrepreneurs are not necessarily managers, we must first say what we mean by each term. An entrepreneur is someone who starts and runs a business venture, taking on financial risk in the hopes of making a profit. On the other hand, a manager is someone who oversees the day-to-day operations of a business, making decisions about staffing, resource allocation, and other operational tasks, you see the difference??

While the two roles may overlap in some respects, they are fundamentally different. Entrepreneurs are typically focused on big-picture strategy and vision, seeking out opportunities and taking calculated risks to build something new. Managers, on the other hand, are often more focused on maintaining stability and efficiency within an existing structure.

So, why is it that entrepreneurs are not necessarily managers? There are a few reasons. Firstly, entrepreneurship requires a high level of creativity and innovation, as well as the ability to take calculated risks. These skills are not necessarily the same as those required for effective management, which relies more heavily on organization, delegation, and communication.

Secondly, entrepreneurship often requires a willingness to move quickly and pivot as circumstances change. This can be challenging for managers who are used to operating within an established framework and may be resistant to change. Entrepreneurs, on the other hand, are often more adaptable and willing to take risks in order to pursue new opportunities.

Finally, entrepreneurship can be a very personal and emotional journey. Many entrepreneurs are driven by a passion for their idea or product, and may be less interested in the day-to-day operational aspects of running a business. While this passion is essential for success, it may not translate into strong managerial skills.

Of course, there are many successful entrepreneurs who are also effective managers, and vice versa. However, it is important to recognise that these are two distinct skill sets, and that not all entrepreneurs will excel at management.

For those who do not, there are many resources available, such as outsourcing with Start up Success who can help bridge the gap!