Is a Small Business Owner Also an Entrepreneur

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The Answer is A superior answer would suggest that there is continued debate as to whether small business owners are also entrepreneurs. Entrepreneurial scholars suggest that entrepreneurs are distinguished from small business owners by their innovative behaviour, their high achievement motivation, and the innovative outcomes that they generate. Schumpeter's definition of entrepreneur as innovator is also less likely to apply to someone who imitates another business, buys an existing franchise business, or chooses self-employment in the same line of business in which they were a former employee. The Kauffman Foundation distinguishes between innovative entrepreneurship and replicative entrepreneurship; the former characterized by businesses that include small shops, restaurants, and professional service businesses. Therefore, a superior answer would qualify the debate and suggest that it depends on the type of entrepreneurial behaviour and activity undertaken.

Is a Small Business Owner Also an Entrepreneur

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