1. Entrepreneurial traits.

1.1. Differentiate between an entrepreneur and business person.

Aspect Entrepreneur Businessperson
Definition Someone who creates a new idea or venture from scratch Someone who runs an existing business or established model
Innovation Highly innovative—introduces new products or solutions Often follows proven models with less focus on innovation
Risk Takes higher, calculated risks Takes moderate risks—often in well-known markets
Vision Driven by passion, creativity, and a long-term vision Driven by profit, market opportunity, and business growth
Approach Disruptive and future-oriented Traditional and operationally focused
Example Creates a tech startup with a unique product Opens a franchise or retail shop using an existing brand