Would you consider Richard Branson to be an entrepreneur or would he best be described as 50% marketing guru, 25% businessman and 25% entrepreneur? What are the main differences between a business man and an entrepreneur anyway?
The main difference, as far as I’m concerned, is that an entrepreneur will be planning his exit strategy by recruiting the right business people to take over, even before a new concept/business is launched. Most successful entrepreneurs make very bad business people and they are clever enough to know it. They are much more creative types by nature and they have no fear of failure due to, in most cases, a non-attachment philosophy to material objects or money. While they often end up very wealthy, it’s not money that drives them in most cases.
Entrepreneurs love to find good business people and have a huge respect for them, but at the same time they would have very little in common with them and would probably bore the tits off each other, both ways, given too much time together. By nature, the entrepreneur is mainly only interested in creative conversations. There is no such thing as failure really in an entrepreneur’s mind. It’s simply a lesson learned which will stand to them in the future. Entrepreneurs are always thinking, and can work very long hours with very little sleep when they are engrossed in an idea.
Time makes no difference to them, sometimes going to sleep at 4 am and the next day getting up at 4 am. Day and night are one. This also means that they can make very bad life partners unless their other half (or halves) happen to be creative types as well. They work a lot like writers or artists in many ways. They might not appear to be doing a lot at certain periods of time (which often happen to be the most productive periods) and then, all of a sudden, they are putting some project or plan together and working flat out for months, or maybe even years. In many cases, entrepreneurs end up creating something out of a combination of many different thoughts over the years, that all occured at different times and for very different reasons.
Michael O’Leary of Ryanair is a perfect example of a very successful businessman. His “god” seems to be money, stats, spreadsheets and figures, and as the caption shows, he eats Ryanair for breakfast, dinner and tea.
Mark Zuckerberg created Facebook as a communication tool for his university colleagues. When he started out he never thought that he, or Facebook, would become extremely wealthy. For sure, he appears to have become a business savvy guy, but most of his time, even today, would still be spent in a creative manner, one would presume.