Job vs Enterprise/Venture

A job typically refers to a paid position that an individual holds with an employer, where they perform a specific role and receive a regular salary or wage. An enterprise or venture, on the other hand, refers to a business or commercial undertaking, typically one that is owned and operated by an individual or a group of individuals with the goal of making a profit. The term “venture” often implies a higher level of risk and uncertainty than a traditional business, but also the potential for greater rewards.

Definition

An employee is a person who works for a company while performing his or her duties, whereas an entrepreneur is a person who creates a new business while bearing risks and enjoying most of the profits and rewards.

Compensation

Although an employee gets a fixed compensation for a month, an entrepreneur does not get fixed compensation.

Role

Employees have to follow instructions, whereas the entrepreneur issues the instructions and demands.

Responsibility

Although an employee is not responsible for each decision of the company, an entrepreneur is responsible for every decision of his company.

Leaves

Employees are entitled to different types of leaves in accordance with necessity, whereas entrepreneurs are not entitled to specific types of leaves.

Retirement

Employees have a specific retirement age limit, whereas entrepreneurs do not have an exact age limit to exit their carrier. They can work as long as they desire.

Conclusion

The key difference between employee and entrepreneur is that the employee should follow the rules and instructions given by an organization, while the entrepreneur is the one who makes the rules and issues instructions for employees. In other words, entrepreneurs work for themselves while employees work for employers or entrepreneurs.