Recents in Beach

Entrepreneur and Administrator

An entrepreneur starts and builds a business enterprise. He is the leader of the company, the  chief executive officer. An administrator is someone who manages a department, division, or  functional area within an organization. His job is to perform the tasks assigned to him as  efficiently as possible and to meet all deadlines. An entrepreneur must have administrative  abilities in the sense of being able to complete tasks efficiently, but an administrator does not  have to possess the qualities associated with being an entrepreneur in order to succeed in his  job.

Acceptance of Risk

An entrepreneur launching a business venture accepts the reality that the company may not  succeed and he may lose the money he invested in it. In the company's early stages, it may not  have the cash flow to allow the owner to pay himself any compensation, so he and his family  have to live on savings. An administrator within a corporation is not an owner of the company,  so its potential failure only affects him to the extent that he may lose his job.

Independence vs. Team Player

An entrepreneur is often motivated by the desire to be his own boss and not have to answer to  anyone but himself. He enjoys the freedom of being able to make all the key decisions about how  to operate the company. An administrator has a narrower scope of authority, confined to his  functional area. He works as part of a team and accepts direction from those above him in the  organization.


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