How does a small business differ from an entrepreneurship?

| Basis of Difference | Small Business Owners | Entrepreneurs | | --- | --- | --- | | 1.Capital Investment | Invest less capital | Invest a large amount of capital | | 2.Aim | They may carry out activities to supplement their regular income. | They generate profits through creation of ideas, process or products. | | 3.Innovation | Small business owners work on pre tested methodologies. | Entrepreneurs innovate products, services and processes. | | 4. Nature of work | Routine work | Challenging & new methodologies | | 5. Risk taking ability | low | High | | 6.Response to threats | Tries to shift from that trade or situation to another. | Converts a threat into opportunity and tries to find alternate ways to meet them. |