An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals. They play a vital role in the economy because they are the driver of economic growth and innovation. They also make use of their business as a means of creating a sustainable living, which improves the quality of life.

Entrepreneur Responsibilities

Here are examples of responsibilities from real entrepreneur resumes representing typical tasks they are likely to perform in their roles.

  • Create and manage Instagram pages for clients, which contributes to the increase in social media following.
  • Manage and find members of band; help create YouTube videos; write music and play guitar.
  • Start and manage this LLC dedicate to the seasonal retail and wholesale sale of consumer fireworks at multiple locations in Pennsylvania
  • Formulate strategy and lead resulting IP acquisition and development efforts.
  • Manage accounting, payroll, advertising, curriculum development, and business relationships.
  • Develop and maintain site features and landing pages, leveraging customize JavaScript and PHP modules/plugins.
  • Support start-up organizations that lack international knowledge to develop competitive and successful business model and strategy for the international markets.
  • Produce daily shows via Youtube.
  • Start health and fitness inspiration and lifestyle Instagram account.
  • Design SQL database to accommodate new areas of the site.
  • Develop JavaScript library for rendering domain-specific layout XML to the web.
  • Operate all hand and power tools, lay out walls for framing and install windows and doors.
  • Create search engine using SQL languages and other criteria, it can search both users and goals.
  • Work in the high school to help kids with mental, cognitive, behavioral, or social/financial difficulties.
  • Create new digital strategy for ROI research firm, redefine digital presence, and renovate the distribution model.

Entrepreneur Skills and Personality Traits

We calculated that 51% of Entrepreneurs are proficient in Kids, Web Design, and Product Development. They’re also known for soft skills such as Communication skills, Leadership skills, and Management skills.

We break down the percentage of Entrepreneurs that have these skills listed on their resume here:

  • Kids, 51%

    Designed the first complete program for kids and teens that included nutritional guidance, group support, and exercise classes.

  • Web Design, 7%

    Web designer and developer of numerous intranet websites for a Fortune 100 pharmaceutical company.

  • Product Development, 5%

    Study competition, trends and customer feedback/habits to enhance product development.

  • Business Plan, 4%

    Designed business plan and developed, executed, and managed business operations encompassing all areas of party decorating business with partner.

  • Financial Statements, 4%

    Reviewed financial statements, sales and activity reports, and other performance data to measure productivity and continuously optimized the processes.

  • Business Model, 2%

    Determined product fulfillment costs would make business model financially non-viable in the current market environment.

"kids," "web design," and "product development" aren't the only skills we found entrepreneurs list on their resumes. In fact, there's a whole list of entrepreneur responsibilities that we found, including:

  • The most important skills for an entrepreneur to have in this position are communication skills. In this excerpt that we gathered from a entrepreneur resume, you'll understand why: "top executives must be able to communicate clearly and persuasively" According to resumes we found, communication skills can be used by a entrepreneur in order to "provided support and resolved ms software performance issues for local businesses via telephone, written and verbal communication. "
  • While it may not be the most important skill, we found that many entrepreneur duties rely on leadership skills. This example from a entrepreneur explains why: "top executives must be able to lead an organization successfully by coordinating policies, people, and resources." This resume example is just one of many ways entrepreneurs are able to utilize leadership skills: "established residential lawn care business built clientele to 10 customers per week developed excellent rapport with customers leadership"
  • Another skill that is quite popular among entrepreneurs is management skills. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a entrepreneur resume: "top executives must shape and direct the operations of an organization" This example from a resume shows how this skill is used: "provide effective time management, excellent customer relations, and conflict resolution. "
  • In order for certain entrepreneur responsibilities to be completed, the job requires the skill "problem-solving skills." According to an entrepreneur resume, "top executives need to identify and resolve issues within an organization" As an example, this snippet was taken directly from a resume about how this skill applies: "managed customer relations, resolved discrepancies and answered customer inquiries. "
  • Another common skill for an entrepreneur to be able to utilize is "time-management skills." Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals. An entrepreneur demonstrated the need for this skill by putting this on their resume: "developed and executed business plan within budgetary constraints and tight deadlines. "
  • See the full list of entrepreneur skills.

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    What Customer Service Managers Do

    Customer service managers are in charge of overseeing a group of customer service associates. They ensure that key metrics are met by the employees. These metrics usually include average handling time and customer satisfaction ratings. They also give coaching to employees who might need additional guidance in reaching team goals. Customer service managers are expected to have had experience on the operations floor to balance their role as a strategic leader and a people manager. They should have customer service skills, decision-making skills, and communication skills.

    In this section, we take a look at the annual salaries of other professions. Take customer service manager for example. On average, the customer service managers annual salary is $9,362 lower than what entrepreneurs make on average every year.

    While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both entrepreneurs and customer service managers positions are skilled in payroll, powerpoint, and inventory control.

    There are some key differences in responsibilities as well. For example, an entrepreneur responsibilities require skills like "kids," "web design," "product development," and "business plan." Meanwhile a typical customer service manager has skills in areas such as "strong customer service," "customer satisfaction," "customer complaints," and "customer service." This difference in skills reveals how truly different these two careers really are.

    Customer service managers tend to make the most money in the manufacturing industry by averaging a salary of $57,488. In contrast, entrepreneurs make the biggest average salary of $74,554 in the finance industry.

    Customer service managers tend to reach lower levels of education than entrepreneurs. In fact, customer service managers are 6.5% less likely to graduate with a Master's Degree and 1.4% less likely to have a Doctoral Degree.

    What Are The Duties Of an Operations Manager?

    Operations managers are in charge of running the main business of the organization. They ensure that the business is running smoothly from an operations standpoint. They make sure that the processes in place produce the necessary output by implementing quality control measures. They also manage finances and ensure that there is enough budget to keep the operations of the business running. They also ensure that the production of goods or services is cost-efficient. Operations managers also handle people-related concerns. They are responsible for interviewing candidates, choosing the ones to hire, and ensuring that individuals assigned to operations are properly trained.

    Now we're going to look at the operations manager profession. On average, operations managers earn a $6,045 higher salary than entrepreneurs a year.

    A similarity between the two careers of entrepreneurs and operations managers are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "financial statements," "payroll," and "business development. "

    While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that entrepreneur responsibilities requires skills like "kids," "web design," "product development," and "business plan." But an operations manager might use skills, such as, "customer service," "logistics," "continuous improvement," and "project management."

    Operations managers may earn a higher salary than entrepreneurs, but operations managers earn the most pay in the technology industry with an average salary of $96,779. On the other side of things, entrepreneurs receive higher paychecks in the finance industry where they earn an average of $74,554.

    On the topic of education, operations managers earn similar levels of education than entrepreneurs. In general, they're 2.4% less likely to graduate with a Master's Degree and 1.4% less likely to earn a Doctoral Degree.

    What Technology Do You Think Will Become More Important And Prevalent For Entrepreneurs In The Next 3-5 Years?

    Laura Lott Valenti

    Assistant Professor of Marketing John C. Daigle Endowed Professor, Nicholls State University

    I foresee technology that enhances communication and training as a central focus in the next 3-5 years. With the move to so many people and organizations being online, enhanced communications and training online are needed to maintain efficiency while also advancing technology in these areas.Show more

    How a Service Manager Compares

    Service managers are employees who oversee the departments related to providing services to customers. They ensure that service delivery agreements are met by employees in the department. Service managers meet with stakeholders to set service delivery metrics and department goals. They then create strategies to reach these metrics and goals. They are responsible for cascading such goals and metrics to their employees and ensuring that the employees understand what they need to do. Service managers should have a deep understanding and appreciation of the company and its business so that they can create strategies that are in line with the company's identity. They should also be familiar with the customer profiles of the company. Service managers are also responsible for creating department reports and sharing these with stakeholders.

    Let's now take a look at the service manager profession. On average, these workers make higher salaries than entrepreneurs with a $3,160 difference per year.

    Using entrepreneurs and service managers resumes, we found that both professions have similar skills such as "payroll," "business development," and "windows," but the other skills required are very different.

    Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from entrepreneur resumes include skills like "kids," "web design," "product development," and "business plan," whereas a service manager might be skilled in "pos," "performance reviews," "cash handling," and "food handling. "

    Service managers make a very good living in the technology industry with an average annual salary of $81,922. Whereas entrepreneurs are paid the highest salary in the finance industry with the average being $74,554.

    Service managers are known to earn similar educational levels when compared to entrepreneurs. Additionally, they're 2.9% less likely to graduate with a Master's Degree, and 1.1% less likely to earn a Doctoral Degree.

    Description Of a Co-Owner/Operator

    A co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly. They also inspect vehicle conditions, identify any inconsistencies, and perform troubleshooting for malfunction for immediate repair or replacement of components to prevent deliveries delays. A co-owner/operator must have clean driving records, adhering to the road's safety regulations.

    The fourth career we look at typically earns lower pay than entrepreneurs. On average, co-owner/operators earn a difference of $38,593 lower per year.

    According to resumes from both entrepreneurs and co-owner/operators, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "business plan," "financial statements," and "business development. "

    Each job requires different skills like "kids," "web design," "product development," and "business model," which might show up on an entrepreneur resume. Whereas co-owner/operator might include skills like "co-op," "patients," "data analysis," and "python."

    Co-owner/operators earn a higher salary in the technology industry with an average of $49,760. Whereas, entrepreneurs earn the highest salary in the finance industry.

    Co-owner/operators reach similar levels of education when compared to entrepreneurs. The difference is that they're 3.5% more likely to earn a Master's Degree less, and 1.1% less likely to graduate with a Doctoral Degree.

    What an Entrepreneur Does FAQs

    Business Owner Vs. Entrepreneur

    The difference between a business owner and an entrepreneur is their focus on the business and their roles and responsibilities within the company. A business owner typically focuses on running an existing business, while an entrepreneur is focused on creating new businesses and opportunities.

    Entrepreneurship Vs. Intrapreneurship

    Entrepreneurship is when a person (entrepreneur) starts and runs their own business or company with an original or new concept, while intrapreneurship is when an employee (intrapreneur) is responsible for innovations within an existing business or company.

    How Many Hours Do Entrepreneurs Work?

    Most entrepreneurs work more than 50 hours per week. As an entrepreneur, you may think that you have the opportunity to choose your hours and work when you want to, but running a business is a huge commitment and requires a lot of time to do well.

    How To Finance A Franchise With No Money

    To finance a franchise with no money, you must either take out a business loan to cover the costs or find a partner to help you fund your business.

    Often, if you want to take out a loan to fund a franchise, you need to prove that you have capital available if needed. You also should have great credit and proven history with a financial institution.

    How To Get Your Product In Stores

    To get your product in stores, you need to take a series of steps including conducting market research, developing a sales strategy, preparing your product for production, creating a pitch, finding potential retailers, negotiating terms, fulfilling orders, and building relationships. Getting your product into stores sounds exciting, and it is. But it's also a move that requires a strategy to pull off just right.

    How To Launch A New Product

    You need to understand your market, plan your marketing strategy, and create promotional content to launch a new product. Launching a new product can be somewhat risky, so it is critical to launch a product effectively to see success.

    How To Partner With A Company

    You will want to decide what you want out of a partnership, make sure goals align, and be patient in order to partner with a company. Partnering with a company is an extremely important business decision, and it should be well thought out and planned beforehand so you can get the most out of it.

    What Are The Benefits Of Being An Entrepreneur?

    The benefits of being an entrepreneur are freedom and control concerning their business and the opportunity to use their passions.

    Entrepreneur starts and runs their own business or company with a unique or new concept. Entrepreneurship makes use of an individual's own resources to conceive a new idea, product, or concept and make it actionable as a business or company.

    What Degree Do You Need To Be An Entrepreneur?

    You don't need a degree in anything specific to become an entrepreneur, or a college degree at all. However, most entrepreneurs go to college and study economics and business.

    Many entrepreneurs begin with either one of these degrees and then further their education and hone their skills in an MBA program. In an MBA program, students are asked to use their creativity while learning how to build business ventures.

    What Does An Entrepreneur Do On A Daily Basis?

    Entrepreneurs plan and strategize, network, and oversee daily operations of their business on a daily basis. Here are some details on the daily activities of a entrepreneur:

    • Plan and strategize

      Most entrepreneurs spend a lot of their workdays planning and strategizing different ways to improve their business, or ways to expand, grow, or innovate with their business. This might include specific activities like determining goals, identifying target markets, and developing sales and marketing strategies and plans of action.

    • Network

      These professionals also spend a good deal of time networking and building relationships with various other professionals and companies. They might seek to strengthen existing relationships or create new ones with potential clients, customers, investors, suppliers, and other stakeholders. To do this they might attend networking events or meet with businesses.

    • Oversee daily operations of their business

      Entrepreneurs are often responsible for managing and monitoring daily business operations. Some of these activities might include overseeing production activities, managing and directing employees, and handling the financial aspects of their business. Many professionals in this field also have to deal with unexpected problems and challenges on a daily basis.

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