photo.jpg

## Difference Between a Trader and an Entrepreneur | | Trader | Entrepreneur | | :------------------ | :------------------------------ | :-...

## Difference Between a Trader and an Entrepreneur | | Trader | Entrepreneur | | :------------------ | :------------------------------ | :------------------------------------------------------------------------------------------------------------------------------ | | **Definition** | A trader is not always an entrepreneur | An entrepreneur is also a trader | | **Focus** | Involve in buying and selling | Involve in creating a new product | | **Objective** | Always work out to gain profit | Besides profit, satisfaction and successful also considered | | **Technology** | Not interested in new technology | Always alert and follow any modern changes and technologies | | **Product** | Selling usual stuff | Introduce new products | | **Competition** | Competition is a common challenge | Competition is a challenge that needs further details | | **Vision** | Focus on the daily matter | Farsighted and try to improve in the future | | **Profit Orientation** | Short term profit-oriented | Long term profit-oriented | **Entrepreneurship** is a dynamic process of vision, change, and creation. It requires energy and passion for creating and implementing new ideas and creative solutions. Essential ingredients in entrepreneurship include a lot. First, you need the willingness to take calculated risks - in terms of time, equity, or career. Having the ability to formulate an effective venture team needs to be creative. It helps to marshall resources and the fundamental skills of building a solid business plan. Lastly, the vision to recognize opportunity where others see chaos, contradiction, and confusion.