Entrepreneurship vs Management - Introduction
Entrepreneurship and management are two distinct but interrelated concepts in the business world. While both involve overseeing and organizing resources to achieve business goals, they differ in their focus and approach.

Entrepreneurship
- Entrepreneurship is the process of identifying opportunities, taking risks, and creating value through innovation and creativity.
- Entrepreneurs are individuals who are willing to take on the risks associated with starting and running a business.
- Entrepreneurship involves thinking outside the box, being proactive, and being willing to adapt to changing circumstances.
- Entrepreneurs often focus on growth and expansion, seeking to build a successful and sustainable business.

Management
- Management, on the other hand, is the process of planning, organizing, leading, and controlling resources within an organization to achieve its goals.
- Managers are responsible for overseeing day-to-day operations, ensuring efficiency and effectiveness, and making strategic decisions.
- Management involves following established processes, procedures, and systems to achieve desired outcomes.
- Managers often focus on maintaining stability, improving efficiency, and achieving organizational objectives.

Entrepreneurship & Small Businesses
- Small businesses are often founded and operated by entrepreneurs who take on the risks and challenges of starting and running a business.
- Entrepreneurs in small businesses are responsible for not only managing day-to-day operations but also for driving growth and innovation.
- Small business owners must balance the entrepreneurial mindset of taking risks and pursuing opportunities with the management skills needed to ensure the success and sustainability of their business.