All language subtitles for 3. Entrepreneurs are leaders

Entrepreneurs are not managers.

In this tend to self understand the entrepreneurship fields you need to understand who are the entrepreneurs.

Let us have a look on this picture.

You can see we have a basis of comparison between entrepreneur and between a manager.

First we need to know the definition entrepreneur refers to a person who creates an enterprise by taking

financial risk in order to get profit.

These people take risks in order to get profits but managers is an individual who takes the responsibility

of controlling and administrating the organization.

It is only responsibility of doing tasks one by one through the organization.

The second basis of comparison is the focus the entrepreneur focus is business.

Startup is his business and how to have a growth.

The focus for the manager is how to get the operation ongoing.

The third basis is primary motivation what is the motivation for the entrepreneur.

The motivation for the entrepreneur is achievement and growth but the manager the motivation is power.

And to have in you career step the fourth basis of comparison is approach to ask the entrepreneurs are

always looking for an informal way to ask and to be asked.

But the managers looking goals for formal meetings and anything they can do is based on formal actions.

The next one is the status the entrepreneur is an owner and the manager is still an employee.

The rewards for the entrepreneur is to be profitable and the startup would be profitable.

The manager is to increase the salary the next base is of comparison is decision making the decision

making for an entrepreneur the decision that is taken by entrepreneur is issued.

But for the manager it's calculated the basis for comparison.

The next business for compare the next basis for comparison is driving force.

What is driving the entrepreneur.

What is driving the entrepreneur is the creativity and the innovation.

But for the manager it's preserving status.

Q The last thing in the comparison between an entrepreneur and a manager is that then an entrepreneur

is a risk taker but the manager is a risk averse.

What I'm saying here is that these are not something that we learn.

This is something that we always want when we are entrepreneurs.

We want to be creating our enterprise and taking financial risks getting some achievements and cross

being an owner of our ideas getting profits.

So our business being creative and innovative taking some risks

so the next thing is is really important for any for any entrepreneur.

Entrepreneurs are leaders.

This is why I want to take with you a comparison between a manager and the leader.

The manager is always concerned with the present.

The leaders looks to the future which means the leaders and entrepreneurs leaders look for where is

the growth and where is the business going.

But managers are looking for the operation.

The second thing managers make sure details are taking care of.

But leaders set broad purpose and directions.

Managers exercise control to make sure that things work well.

But leaders entrepreneurs while leaders create commitment that things may work better.

Managers solve today's problem by addressing difficulties caused by changing events.

But leaders create a better future by seizing opportunity stimulated by changing events.

Leaders full managers focus on the process but leaders focus on the product.

Focus on the quality managers focus on the problem behavior and try to improve it.

Through counseling coaching and neutering the leaders focus on what is right and praise it manager make

sure people put in an honest day's work for their pay.

Leaders inspire people and team to do their best.

Managers organize and plan to meet their years objective but leaders create a vision of the years down

the road.

Managers create efficient policies and standard operating procedures but the leaders the entrepreneur

leaders go beyond the need for standard procedures and create a more efficient systems.

Managers focus on efficiency but in enterprise nurse leaders focus on effectiveness.

If you are seeking to be a manager working from 9 to 5 and getting your salary you need to revise your

motives of beginning or starting your new startup.

The entrepreneurs are leaders the entrepreneurs are leading people by example.

Entrepreneurs are people who want and seek growth for themselves and for others are people seeking to

solve problems for people.

So till now we have seen the difference between managers and entrepreneurs.

And we had some definitions for the entrepreneur.