Industrialist vs Businessman vs Entrepreneur

What is the difference between industrialist, businessman and entrepreneur?

When we talk of businessman, industrialist and entrepreneurs, we’re talkin about three people who sell services or products to make a profit. However, this is what we believe to be true.

There is a fine line that differentiates the three people from each other. It is easy to blur that line and often look at them in the same lih, but that would not be entirely true.

In this article, we shall take a look at the key differences between an industrialist, businessman and an entrepreneur.

Industrialist vs Businessman

To understand the basic difference, let us break down the categories and first see the differences between an Industrialist and a businessman. To begin with, businessman often choose to take up a pre-existing idea and establish a business that is bound to give results and profits.

Industrialist, on the other hand, can be seen as people who create an idea and more than that, fuel the entire thought to shape up markets and industries. Businessman don’t take risks as in the intent of their business is to earn profits. Industrialists, on the other hand wish to achieve a bigger goal than just making profits. They want to create something meaningful with a vision to behold a substantial cause.

Apart from that, there is also a difference in the scale of operations between the two. Even a small shop owner can be a businessman. But to be an industrialist, you either need to create an entirely new industry with a loner reach. in short, every industrialist is a businessman, but the opposite is that is not true.

Businessman vs Entrepreneur

Businessman and Entrepreneur differ on the same lines as a businessman differs from an industrialist. We know the aim of a businessman is to make profits, but most entrepreneurs don’t care about money. Entrepreneurs want to change the world with their vision and passion. They want to find new answers to pre-existin problems, while businessman often stick to pre-existing norms of doing business.

Businessman see the world as an opportunity to make money. On the other hand, an entrepreneur’s major pursuit is to act as an inventor or creator to the world and develop a path breaking or game-changing business model. An entrepreneur views the world as his duty. Businessman and entrepreneurs also have different ideas when it comes to taking risks. The former generally take calculated risks in order to maximize profits. Entrepreneurs can take risks like skydivers. It is because if they fail, they can start from the scratch. Just like the previous comparison, every entrepreneur can be a businessman but the opposite of that is not always true.