The Difference Between Entrepreneurship and Business Growth

There is an important difference between these business activities. (Definition source:

Entrepreneurship is defined as: The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

Business Growth is defined as:The process of improving some measure of an enterprise’s success. Business growth can be achieved either by boosting the … revenue of the business with greater product sales or service income, or by increasing the bottom line or … minimizing costs.

The Differences:

Entrepreneurship is a set of behaviors that are important to starting and sustaining a business. Drive, motivation and focus to plan, complete projects and deliver measurable results is important for every business owner.

Business Growth is the result of major decisions and actions to increase company capacity to sell more product or expand the customer base. Growth is typically the result of specific projects in product development, marketing and sales or physical company expansion. The growth project is successful when it achieves specific operating performance goals and objectives. Business processes and decision making skills are required to successfully execute growth projects at pace the industry or customers demand.

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