10/04/2017

DIFFERENT BETWEEN ENTREPRENEURS AND INVESTORS



There is a great deal of confusion about the nature of an entrepreneur versus an inventor. An entrepreneur falls in love with the organization and will do almost anything to ensure its survival and growth, An inventor falls in love with the invention and will only reluctantly modify the invention to make it more commercially feasible.
The development of a new venture based on an inventor’s work often requires the expertise of an entrepreneur and a team approach, as many inventors are unable to focus on just one invention long enough to commercialize it. Inventors really enjoy the process of inventing not implementing.
An inventor is an individual who creates something for the first time, is a highly driven an individual motivated by his or her own work and personal ideas. Besides being highly creative, an inventor tends to be highly educated, with college most often postgraduates degrees, has family, education and occupation experiences that contribute to creative development and free thinking; is a problem solver able to reduce complex problems to simple ones; has a very high level of confidence; is willing to take risk; and has the ability to tolerate ambiguity and uncertainty. A typical inventor places a high premium on being an achiever and measures achievement by the number of inventions developed and the number of patents granted, An inventor is not likely to view monetary benefits as a measure of success.
Entrepreneur always monitors the play habits and toys of her nieces and nephews, this is her way of looking  for any unique toy product niche for a new venture.
Although most entrepreneurs do not have formal mechanisms for identifying business opportunities, some  sources are often fruitful.    


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