What is the difference between traders and entrepreneurs?
Basically, some people consider traders and entrepreneurs to have no difference, but actually when examined carefully traders and entrepreneurs have many significant differences, one of which is that traders only want merchandise to sell well and earn income. While entrepreneurs generally think about planning their business in the long run
Before examining the difference between traders and entrepreneurs, let us first find out what traders and entrepreneurs are sociodemographic characteristics and practices of retailers and consumers.
Trader is a person or entity buying, receiving or storing goods with the intention to sell, deliver or send to another person or entity that is still in the form of genuine important goods, or that has been made into other goods.
Therefore, traders have the meaning that someone who sells an item wants to get a profit. That does not mean that entrepreneurs do not want to profit huh.
In carrying out its business the trader will look for goods that have a lower price or below the selling price and will be sold again at a price difference that will be the profit of the sword.
One example is a trader who buys vegetables at a price of 10 thousand rupiah, then he can sell it to 13 thousand rupiah.
That's how traders in general work.
Entrepreneurs are people who have the ability to see and assess business opportunities. Gather the resources needed to take advantage of it and take appropriate action, to ensure success.
Entrepreneurs will have a greater investment risk than those borne by the trader. Because entrepreneurs may not be able to get their profits right away.
Another case with traders who can profit after selling their merchandise.
An entrepreneur will usually have a very strong mental and also resilient. Employers have also become accustomed to being pressured.
That is because an entrepreneur may experience a major failure when his business cannot be accepted by the community. Mentalism between traders and entrepreneurs can be one of the biggest differences between them.
The thing that distinguishes traders and entrepreneurs. The first difference between traders and entrepreneurs can be seen from the planning. An entrepreneur will definitely plan his business in the short term, medium term and also in the long term.
As for traders, generally they are not too concerned with a plan.
For traders, if the merchandise sells, they are very happy. So there is no detailed monitoring of the benefits as carried out by an entrepreneur.
The second difference is in the way of looking at consumers. A trader considers the consumer is the person who will give him money, therefore a trader will try to "seize" as much money from consumers by increasing prices so that there is a bargaining process.
An entrepreneur is more maintaining good relations with consumers, therefore an entrepreneur tries to provide the best price for consumers in the hope that consumers are satisfied and become loyal customers for him.
Therefore, traders can be the first step as entrepreneurs, but many of them continue to be traders for life. That's because he besides not having a vision and not being able to build a plan of his business system, is also less able to optimize the potential such as capital owned to develop trade
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Work system. The trader is a hardworking person. However, it does not mean that entrepreneurs do not work hard, the difference is that traders carry out their own business activities and there is no interference from other people.
If the entrepreneur, already has a system and there is management.
His job is only to monitor the performance of the team or its employees. Entrepreneurs do not run their own business, but they have a team that helps develop the business.
Time problem. A trader needs a lot of time to run a business, yes for the previous reason earlier, they run everything alone. Traders have little time to interact with relations because time is used up for trading.
Conversely, if the entrepreneur only has a little time to oversee his business. His time is up to build business relationships everywhere. The business he built has been run by the team himself.