Not only is it possible to get a masters degree in small business management, it is also within grasp to get entrepreneurship masters at many online schools. Studies for both courses are similar enough that some students get both entrepreneurship masters and small business management masters at the same time.
What are the real differences in entrepreneurship and small business management? Are there any real tangible things to separate the two? In this review, let’s look at what makes them the same and what makes them dissimilar.
Entrepreneurship masters are those who follow their hearts and desires because they know they have a purpose and a certain place to go. The small business person finds a niche or situation that is lucrative and develops a business based on demand and competition.
Entrepreneurship masters have more than just making money on their minds. Making money is good when it is done in relationship with the higher goal. SBM masters want to build a bread winner and eventually sell for a profit.
SBM masters are satisfied to keep making profits with a business that is predictable and safe, whereas entrepreneurship masters are always evolving their business to stay with or surpass the current flow of business.
SBM masters are content to keep their businesses to what the customer wants and very careful not to do anything that might step on someone’s toes. The entrepreneurship masters fashion their businesses to reflect their lifestyles, loves, and talents and don’t apologize for it.
The SBM masters are inspired by profit and feasibility, while the entrepreneurship masters are inspired by their own inspiration and what they feel is right.
The entrepreneurship masters want to grow personally. They realize that life is about potential and what can be achieved. SBM masters don’t usually stray far from the normal everyday thing that brought them to successful levels in the first place.
The entrepreneurship masters work in strategic ways to further business even if it means taking off from work to grow new ideas. SBM masters believe in keeping the nose to the grind stone so the money keeps coming in.
SBM masters are content with whoever comes in the door to purchase goods or services and tries to attract people with blasting advertisements. The entrepreneurship masters are constantly looking for a way to attract the best possible client.
Entrepreneurship masters base their work and business on the joy that it gives them. They want to be happy with every thing they do with any business. SBM masters are satisfied to make money. If they are happy in making money, that’s good, but it isn’t required.
Entrepreneurship masters have to believe they are right in what they do. There is never a time when the expedient or slipshod is acceptable to them. The other guys want their business to be run respectfully, but the black on the bottom line often gets to be more important than every thing being kosher.
No disrespect intended to the SBM masters, the entrepreneurship masters are only different because they look at things differently. It doesn’t mean entrepreneurship masters are better than the small business owners.