what is difference between businessman and industrialist?
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Businessman are those person who run the existing business or borrow the idea to do their business in the market. Industrialist are those who works on setting or management of an industries with the cooperation of other small businesses or partners with an am to shape the industry or market.
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Private enterprise refers to the enterprise owned, managed and controlled by private persons. Public enterprise refers to the enterprise owned, manage and controlled by government. Private enterprise main motive is earning profit. ... Private enterprise involves funds from individuals.
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Business activities are classified into two categories and that is “commerce” and “industry”. Industry is about manufacturing of goods whereas commerce is about distribution of those goods. ... So, trade is a subset of commerce. Trade is termed as the buying and selling products or services in exchange for currency.
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A chairman doesn't play an active role in the day-to-day operations of a company. They sit on the board of directors and serve as its head. ... An executive chairman, on the other hand, is present day-to-day in the company but the extent of their role is dependent on how the company structures itself.
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What is the principal difference between the accounting records of proprietorships and corporations? Proprietorships have a single capital and drawing account for the owner. A corporation has separate capital accounts for the stock issued and for the earnings kept in the business.
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The biggest difference between Self-Employed and Small Business is that Self-Employed individuals ARE THE BUSINESS and Small Business Owners RUN THEIR BUSINESS.
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Alternatively, a business owner has an ownership stake but may not be involved in the day-to-day operations of the company. In contrast, a person who is self-employed both owns the business, but they are also the primary or sole operator.
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Business partner vs. investor — what's the difference? ... A business partner is an individual that plays a significant role in owning, managing, and/or creating a company. An investor is a person or organization that provides capital to a business with the expectation of a future financial return.
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The importance and role of an entrepreneur. An entrepreneur is an individual who sets up and grows a business. They combine different factors of production (such as – land, labour and capital) to try and create a new profitable business venture.
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A limited company has a separate legal entity from its shareholders and directors, whereas the business and personal affairs of self employed people are treated 'as one' for tax purposes. ... In contrast, a person who is self-employed owns his own business, of which he is also the primary or sole operator.
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The difference between Business and Entrepreneurship. ... This means that, for example, a Business man main focus is not on innovation, but more on making sure a company is making profit. Entrepreneurship on the contrary focus on generating new value, and this value could be social, emotional, aesthetic and/or financial.
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The process involved in creating and starting an enterprise is called entrepreneurship. Entrepreneurship is an abstraction whereas entrepreneurs are tangible people. Entrepreneurship is a process and an entrepreneur is a person. Entrepreneurship is the outcome of complex socio-economic, psychological and other factors.
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Generally, a Consultant is a self-employed independent businessperson who has a special field of expertise or skill. ... On the other hand, a Contractor is a self-employed independent businessperson who agrees (contracts) to do work for another usually for a fixed price.
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An enterprising person is very similar to an entrepreneur, except that enterprising people do not actually own their own businesses; they work for someone else within an organization. ... Only enterprising people who are willing to take on the financial risk of starting their own business will become true entrepreneurs.
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An enterprise is a business and the ways it is formed ie. Privately held, publicly held or Pvt Ltd Companies are different ways company chooses to distribute their stocks/shares.
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Labour is human/effort/workers' services, whilst enterprise is the ability and willingness to bear uncertain risks/organise other factors of production.
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CEO vs. Owner: The Key Differences Between the Two High-Level Positions. ... For larger businesses, particularly publicly traded companies, the chief executive officer, or CEO, is the highest-level person, while small businesses are typically started and run by their owners.