- Who is an Entrepreneur?
- About Entrepreneurial Skills
- Appraising Entrepreneurial Skills
- Benefits of Knowing Your Skills
- Assessing the Skill Requirements of Market Opportunities
- Managing a Portfolio of Entrepreneurs
- Our Approach
- Coaching Entrepreneurs
- Matching Entrepreneurs and Opportunities
- Our Ecosystem
Difference between Entrepreneurship and Self-Employment
The distinction between entrepreneurship and self-employment revolves around the existence of an innovative business concept or idea. Entrepreneurs are attempting to develop something new. People who are self-employed, by contrast, typically engage in selling their labor to perform a specific set of tasks that are to some extent routine, but might differ in quality depending on who does them.
Due to layoffs, the ranks of the self-employed have swelled. Many are technical specialists who are simply performing – as subcontractors – the same activities for their former employers as they did when they were employees. These individual typically still think of themselves as employees in all but a technical sense; in many cases, they are.
By contrast, an entrepreneur's task is to build a business around a new concept or offering.*
* Incubating New Enterprises, Lichtenstein & Lyons, p. 22
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson