What is the difference between an entrepreneur and an organizer? An entrepreneur is the one carrying the risk of the entire business. He or she coordinates all other factors and activities relating to production. An organizer performs the function of organizing but is not involved in other work as an entrepreneur.
What is the role of an entrepreneur?
The role of an entrepreneur is to combine labor and capital, thus producing a product. Selling in the market means he pays wages, rent, and interest on capital. Eventually, the remaining is his or her profit.
The entrepreneur shifts the economic resources of an area into higher or lower productivity to offer a greater yield. Thus, it has a distinction between the capitalist role as a financier, and the entrepreneur is the organizer. The entrepreneur plays different roles that possess the art of administration and superintendence. He elaborates on complex operations such as repressing anxieties, surmounting obstacles, repairing misfortunes, and devising expedients.
An entrepreneur requires:
- Command over capital sufficiency
- Morale work qualities such as perseverance, judgment, and knowledge.
- Profits uncertainty
Entrepreneur functions
There are numerous functions that an entrepreneur performs:
Conceiving and Initiating:
The role of an entrepreneur is to devise a business plan. He may do it alone or with his friends and put it to execution. Thus, gives a start to the business.
Organizing:
An entrepreneur knows the place to start, where to sell, how much to produce, and to tackle. He should make financial arrangements, buy machinery, install, hire labor, and assign suitable jobs. There is a need to procure raw materials and organize the manufacturing process.
Directing and Supervising:
The entrepreneur cannot stop business organizing. There is a need to direct the production and supervise every detail to ascertain production.
Control:
The entrepreneur can seek help from assistants and keep business control in his hands. He cannot leave destiny into the hands of others.
Risk-taking:
The entrepreneur pays in advance for production. He may earn a profit or suffer a loss. Thus, whatever is the consequence, he bears it.
Innovation:
An important function is to consider innovation to bring improvement in production.
What is the role of an Organizer?
Organizers perform a range of tasks, depending on the company they work for. The difference between an entrepreneur and an organizer is that an organizer handles typical roles such as:
Perform On-Site Organization:
Organizers travel to businesses or visit clients carrying out pre-arranged organization tasks. They shop to meet the needs of clients.
Coordinate Schedules:
Maintain regular communication, with existing and prospective clients, schedule organization tasks, and arrange meetings or visits, and reply to queries.
Maintain Personal Supplies:
They keep track of equipment and personal inventory of the jobs they handle. They replace supplies if essential.
Generate Network and Leads:
Networking is an organizer’s key part. They market services to companies or people, generate leads, and drive people to the company they work for.
Perform Administrative Duties:
They perform administrative tasks to fulfill their responsibilities. It includes updating client files, and website, processing payments, and invoices, filing taxes, and responding to emails.
Organizer skill sets
Organizers work with people from different backgrounds. However, they stay non-judgmental and open-minded, guiding clients and offering comfortable coaching on new practices. There are no formal requirements; it is beneficial to have the following abilities:
1. Self-motivation: The organizers work independently and are self-starters so self-motivation is a must.
2. Time management: Effective management of time is a must to ensure meeting strict schedules and deadlines of clients.
3. Networking: Promoting a business and finding new clients requires a fun personality. They should stay positive and have networking skills to communicate comfortably. Phone etiquette should be absolute.
The role of an entrepreneur is to begin a system and ensure production. An organizer implements efficient organizational systems.
