MBA602 Small Business Admin: Entrepreneur vs Small Business Owner

This presentation provides a comparative analysis between entrepreneurs and small business owners, emphasizing the distinct characteristics, risk appetites, and strategic approaches each adopts. It identifies key skills crucial for managing a small business, including financial management, customer service, marketing, communication, leadership, networking, and project management. The presentation further explores the role of passion in driving business success, using football analytics, finance, economic policy, and social media as potential examples. It also references Henry Ford as an admired entrepreneur, highlighting his innovative strategies and redemptive power. The presentation concludes with a list of references, underscoring the research and analysis conducted.

SMALL
BUSINESS
ADMINISTRATIO
N

ENTREPRENEUR VS SMALL
BUSINESS OWNER
•Entrepreneurs develop
new strategies, while
small business owners
continue with the
content
•Entrepreneurs have big
ideas
•Small business owners
do not take risk like
entrepreneurs

SKILLS
a) Good financial management
strategy
b) Provide a good customer
service
c) Having a good marketing
strategy
d) Good communication and
negotiations with investors,
suppliers and customers.
e) Possessing a dynamic
leadership behaviour
f) Maintaining good
relationship through
networking
g) Managing the project with

SKILLS
•Lack of financial
management skills
•Develop financial
management skills
•Unable to monitor the
profit and loss
•I cannot protect my
financial investment

PASSION / BUSINESS
• A strong passion of football
analytics.
• Big interests in finance and
economic policy.
• My passion is to spend more
time on social media
because social media
always gives me innovative
ideas to grow my business.

OWNER / ENTREPRENEUR
YOU ADMIRE
•I admire Henry Ford,
the founder of Ford
Motor Company
•He manufactured and
developed the world’s
first automobile that
many middle class
Americans could afford.
•Redemptive power

OWNER / ENTREPRENEUR
BUSINESS JOURNEY / STRATEGIES
•He studied the
competition and did
research about new
product and services.
•He believed in materials
redemptive power
•He adapted several
changes from the
customer's feedback.

REFERENCES
 Cortés, K., Demyanyk, Y., Li, L., Loutskina, E. and
Strahan, P.E., 2018. Stress tests and small
business lending (No. w24365). National Bureau of
Economic Research.
 Julien, P.A., 2018. The state of the art in small
business and entrepreneurship. Routledge.
 Lee, Y.S., 2018. Government guaranteed small
business loans and regional growth. Journal of
Business Venturing, 33(1), pp.70-83.
 Soundararajan, V., Jamali, D. and Spence, L.J.,
2018. Small business social responsibility: A
critical multilevel review, synthesis and research
agenda. International Journal of Management
Reviews, 20(4), pp.934-956.