Business

Business Owner vs. Entrepreneur: Which One Are You?

Small business owners are known as the glue that holds American communities together. Entrepreneurs are often thought of as the person with big ideas and unquenchable passion. But is it possible to be both? The answer is yes.

If you are a small business owner, you are also an entrepreneur. It doesn’t matter how big or small your business is. Small business owners and entrepreneurs both build, run, innovate and advance their businesses. Take a closer look at just a few of the things they have in common:

Both focus on the big picture

Business owners and entrepreneurs both play a huge role in managing day-to-day operations of their business. At the same time, they are both passionate about their business and keep the bigger, long-term picture in mind. Entrepreneurs are typically applauded for constantly innovating, but small business owners must also be incredibly innovative – most are just unaware that they are doing it. Running a successful small business requires you to always know your customers needs, wants and desires.

Both are vested in their success

People usually think of an entrepreneur as being the one that is highly invested in the future, both financially and emotionally. But small business owners are just as invested in their success as the entrepreneur. Small business owners are known for being resourceful; they must fund their business in some way, for example. Whether it be through personal savings or alternative options like a high risk business loan. Both devote their time and efforts into their business to help it grow, from working long hours and seeking flexible business funding to making personal sacrifices and tough decisions.

Both have tomake hard decisions

Both entrepreneurs and business owners have toknow what they want for their business and have the confidence to make hard decisions. They both also understand that if they fail, it is an opportunity to learn and improve their decision-making process. They also share the ability to have thick skin; this allows them to effectively handle difficult situation, encounters with employees and customers and be polite when setting boundaries.

If you are a small business owner, you likely already possess the same traits and characteristics associated with being an entrepreneur: passionate, innovative, devoted, decision-maker, and a solid problem-solver.In the end, owning a business is not constrained by a single definition. You are ultimately defined by your hard work, determination and innovative nature.

Author Bio:As the FAM account executive, Michael Hollis has funded millions by using business funding high risk business loan solutions. His experience and extensive knowledge of the industry has made him financeexpert at First American Merchant.

LATEST MARKET TRENDS FOR YOU

Market trends keep changing from time to time. Trends are one of the most changeable things ever, changing according to the whims and wishes of the public. There are trends in every field that you can think from, from the marketing field to the computing and the fashion industry, trends rule. It helps popularize something that has been adopted by a number of people and has become somewhat of a pattern in others.

There are several marketing trends available nowadays. The trends in the marketing field are:

VIRTUAL OR MARKETING THROUGH SOCIAL MEDIA: Marketing through social media has been quite a trend in the last few years. With the help of marketing through social media any company can publicize their products in the minimum time and can reach a huge number of people at a single go. It is done through social media networks or with the help of the interment. As millions of people are available on social media, it is the new way to market a particular product.

CRYPTOCURRENCY: Nowadays. Cryptocurrency options like Bitcoin are being used much more than real currency. Cryptocurrency has turned into a popular trend over the last few years and has a huge estimation, in billions. You can buy and sell products completely with cryptocurrency and avoid using real money.

ONLINE SHOPPING: Online shopping has also turned into a great trend. With each passing day, work pressure increases systematically. It becomes quite difficult for people to go visit real markets and shop. This is the reason why Online shopping has turned into such a huge trend. With the help on online shopping you can find access to a number of products, which you can choose according to your price range and your own personal choice. You do not have to move an inch. Once you have decided the payment method, in a few days your desired product is delivered right to your doorstep.

DIGITIZED PAYMENT: Gone are the days when you had to pay for things with only cash or card options. Nowadays you can choose the digitized payment option. With the help of digitized payment apps, like PayPal and Paytm, you can buy things and send money to people just with the help of your phone. This has turned into quite a bit of a trend. It is easy and doesn’t take too much effort, and you do not have to carry around large amount of cash if you have such apps in your phone.

LIVE STREAMING CONTENT PROMOTION: Live streaming has turned out to be a great way to promote your content. Millennials now want to see your products or your content streamed live, to check the pros and cons of the product almost immediately. Live streaming has turned out be something that not only makes you come closer to your customer or anyone who is watching your live video, but also gives them a chance to ask live questions about the products almost immediately.

CONCLUSION

These are the most popular small business trends as of the year 2019.

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