Entrepreneur vs Trader, What’s the Difference?


Entrepreneur vs Trader, What's the Difference?

Entrepreneur VS trader is indeed similar. However, there is actually a very big difference, you know!

To understand better, let’s look at the reviews in the following article.

What Do Trader and Entrepreneurs Mean?

Before knowing the difference between a trader and an entrepreneur. It’s good, that we first examine the meaning of the words ‘trader’ and ‘entrepreneur’.

According to the KBBI, traders are people who make a living by trading. In other words, a trader sells an item with the desire to make a profit in order to fulfill his daily needs.

An entrepreneur is a person who engages in trade, industry, and so on in order to make a profit and take appropriate actions to ensure success.

The Difference Between Traders and Entrepreneurs

There are some striking differences between traders and entrepreneurs, namely:

Way to Earn Money

Traders try to earn money every day to continue trading in the future. The cycle will continue like that.

Entrepreneurs also think the same thing. There is a desire to earn every day.

However, an entrepreneur continues to think of solutions and build assets on how to get the money to come to them.

So, it is through these assets that money will come to him, not him making money.

So, traders think about daily turnover, while entrepreneurs think about assets.

Working System

Traders are hard workers. All business activities are carried out independently.

There is no interference from others. For example, he opened a Padang restaurant.

He is the one who mixes, cooks, sells himself, packs his own food, and takes care of his own payments.

Herein lies the problem. If you do it all yourself, who will continue in case you get sick, and so on?

Your health will decrease, and your income will decrease.

Of course, you as a trader must think about the worst possible thing. Prepare for the worst. One of the things you need to prepare is health insurance.

Time

A trader needs quite a lot of time to manage his business. This is because traders do everything themselves.

There are so many things that need to be taken care of, so forget to build relationships.

For entrepreneurs, it is the opposite. Very little time to oversee his business.

His time is spent on building business relationships. Meanwhile, the business that has been built has been run by the team itself.

In other words, a trader depends his business on himself. Meanwhile, entrepreneurs depend on teamwork.

Mindset Will Plan

The mindset in the plan becomes a significant difference between a trader and an entrepreneur.

Generally, traders are not too concerned with a plan. For traders, if their merchandise sells they are very happy. In other words, a short-term plan is sufficient.

In contrast to entrepreneurs who plan their business in the short term, medium-term, and also in the long term.

In addition, traders will feel that they have had enough if they can eat and fulfill their daily needs.

However, entrepreneurs are thinking about how to eat and feed other people.

Which one do you want to choose?

Trader or businessman, huh?

Maybe you think twice. You also need to remember that everything needs a process.

Not everyone can suddenly become an entrepreneur. Everyone has to start from scratch. Get started step by step.

For those of you who are traders, don’t be discouraged. There is still time to raise your level to the entrepreneur level with a lot to learn.

Traders can be the first step as an entrepreneur. However, not a few become traders continuously for the rest of their lives.

This is because it has no vision. Remember also that life is not only for today and tomorrow but also far into the future.