Bangalore: A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. This is the closest any dictionary can get to define an entrepreneur. But then, what is the difference between an entrepreneur and a small business owner. Are they the same, or are there any characteristic traits that separate these two sets of professionals.

On doing a close scrutiny of the every day life of an entrepreneur and a small business owner and the difference in relationship between the person and his venture, one can find a lot of drifts in the way entrepreneurs work and the way a small business is operated. An article by Forbes separates the basic traits of entrepreneurs and small business owners, from which three major differences can be sculptured out.

Read on to know if you work like an entrepreneur or a small business owner.

1. Entrepreneurs take bigger risks

Yes, entrepreneurs, take big risks, risks that are bigger than what the tenuous and small business owners do not stray past. A small business owner’s profit, loss and most of the work relies upon the condition of the market, as he does nothing but the circulation of goods and product produced by others. A daring entrepreneur tries to change the face of the market instead of wondering about how his product is going to fit in. Notice the definition of entrepreneurship mentioned in the beginning, “with considerable initiative and risk”.