@OP

Long story.

50k for the first person to mention Buhari or Jonathan here. Any lucky pesin?

cr80vity:
do u think d man who wrote rich dad poor dad, do u think he was rich before he.wrote d book....don't you think it was the.sales of the book (which he wrote) made him rich

So ur plan of getting rich posting on nairaland is it entrepreneurship or self employment? And if we want to talk kiyosaki, no, He's not rich still if you use the word rich.

Wonderful article...these are the kind of things people should read...not the kind a lady posted some days back and was transported to front page with immediate effect...

She wrote that she had a terrible experience with multi level marketing which is an entrepreneurship...and so she would stone anybody that comes near her family house to death...

First of all, she had misconceptions ....she was told she will get rich quick....it doesn't work that way...you have to work...the earnings potential is huge but you get it through drive, passion , persistence and patience...

Secondly, there are cheats out there....consider this 4 factors b4 u join a MLM company....

1. The company...it has to be reputable, not one that will collapse tomorrow 2. The product....it has to be marketable, preferably daily use products and good quality..3. The group support system...MLM is a group effort...your uplines must be responsive and supportive..that's how you can replicate their success..more so, the success of a upline depends on the growth of his down lines...also a upline will train his downlines on how to market...4. The compensation plan....it has to be generous..in order to guarantee financial freedom, you don't want to enslave youself...

Let me leave you with this saying....the richest people in the world look for and build networks...other people look for work....

the question is which category do you want to belong to....

Let me help you achieve your dreams in life...contact me...

just2okworld:
Read this samhay

#Sense.

codemaniacs:
Of all the people its bill gates you mentioned

that guy stole the idea from Apple.. the reason bill gates is where he is today is because the Apple computer was and is still more expensive than a windows computer.

cr80vity you are confusing sole-proprietorship and self-employment... self employment and entrepreneurship are the same thing

Can you tel me the difference btw sole business and self employed.

mrvitalis:
I don't in any way agree to this
There is no way u can show that being self employed is not entrepreneurship simply no way

What u called self employment is small scale enterprise which can grow to what u called the entrepreneurship (large scale enterprise)
What's the most important is the vision u started a business, there friends started a salon
Friend A wants the biggest salon in his locality
Friend B wants a league of salon in different
place in the city
Friend C wants a salon with branches all over the major cities in the world offering same service

All of them are entrepreneurs but there vision is different u can't call one self employment and the other entrepreneur

This is more like it.

NovusHomo:

.

Do I look like a Christian to you? Also why aren't you in your church? Also do I look like the op who created the article? Please try to respect yourself so you would be respected accordingly. Stop acting like a little child.

OP is right, all nairalanders that contributed are also right. The way OP said it all miscontued u guys. However, you can start as a self-reliant and end with entrepreneur, depending on the concepts you employ.

cr80vity:
The differences between ENTREPRENEURSHIP and SELF-EMPLOYMENT

Alot of times we do hear or read about the benefits of being self employed/entrepreneur. In fact, this seems to be the best concept to wealth. But not for once have I ever knew that there is a difference between self-employment and entrepreneurship not until I started reading business articles and books, listening to great business consultants - the likes of Fela Durotoye, Kunle Soriyan, Brain Tracey (these are my most favorites and role model) and so on. Then I sat down thinking every night, am I an entrepreneur or self-employed?

Many of us never look deeply into this and we usually mistake one for the other because they seem synonymous to us. Self employment is you working for yourself probably as being a contractor, a freelancer or you owning your business. The U.S dictionary defines entrepreneurship as "the art or science of innovation and risk-taking for profit in business. With this definition, I believe we are beginning to get an insight of how different these two are. After all my thoughts, I personally decided to regard entrepreneurship as INGENUITY. Now, what is ingenuity - it is the ability to solve difficult problems, often in original, clever and inventive ways. The way Bill Gates single-handedly revolutionalize the way we use home computers is an excellent example of ingenuity and entrepreneurship.

Two distinct variations of business owners are the entrepreneurs and the self-employed. Categorically speaking, most people fall under self-employment and not entrepreneurship. One major difference I see in the two is  that one has a bigger scope and vision than the other. Let's take  a big look at them

First, being self-employed, you have people who are working for you but being an entrepreneur, you have people who are working with you and not just under you. In self-employment, you employ people to work for you while the whole mission, vision and progress of the business lies on your shoulder but for an entrepreneur, you have people working with you - you are the boss or d director or C.E.O or whatever you tag your post but you and your staffs forms a team and you work as a team, they bring you ideas and innovations.

This is why two things illuminate the differences between self-employment and entrepreneurship;
1) For the self-employed, they have to go to work all the time regardless of the amount of staffs they have. If they don't, the  business will simply stop. It might not stop on that day, but if theit absence is consistent, as days roll over, there is possibility of the business flopping. For an entrepreneur, it is not so. The business keeps going even with the absence of the boss because he has those who knows and understand his vision and can run things successfully in his absence
2) For self-employment, if the owner decides to retire, then that is the end of the business. If the owner dies, the business dies as well. For entrepreneurship, the business outruns the existence of the owner because his/her workers are working him with hence, they understand the vision, mission and value of the business but for self-employment, the workers areworking for him, hence, all they do is just to sell the products and services - they don't understand the mind of the owner.
Take for example, Apple Inc., even after the death of Steve Job, the business still moves on (and didnt change to being open source) but can you remember that there was once a newspaper called Concord in Nigeria? Where is it today? If those working with Steve Job did not know the vision of the business, will it stil be existing?

Think about this - "do you want to build a business that can sustain itself and be valuable enough to sell to others (this is the mind of an entrepreneur) or simply create work so you can pay your bills (this is the mind of self-employed)?

Secondly, entrepreneurs are Global thinkers. They see business in larger scale than the self-employed. The self-employed does not want to go beyond his/her vicinity or do something new because they are scared of taking risk, they are scared if it's going to work out or not, so they prefer to be on the safer side but Entrepreneurs are risk-takers - he knows how to manage and control risk, he deals well with his procurement and thinks massively. 

An entrepreneur understands that there is money to be made and more benefits to  had when you serve others on a larger scale. They think globally and identify needs and frustrations to serve the masses and continually further their market reach so they are always seen in the international market more than the self-employed. Take for example Jumia (a Nigeria e-commerce organization) and someone who opened a shop to sell his goods. His shop is in a particular place for the reach of those around and not for those far away from his shop's location but Jumia can bring this  same goods at is being sold to you wherever you are - they are meeting the needs of those far away.
So I see Jumia as an entrepreneurial organization as theu are meeting the needs of masses and  now Jumia is known internationally. Jumia now  extend.their services to other west africa coutries like Ghana, Kenya and the likes. This Jumia and the shop owner who sells the same things have the same mission (to sell) but different vision (to reach globally)

A business can be small, but when you start to think like an entrepreneur and not just someone who owns a business but someone who runs a business, then you will have the zeal to grow and not stay at a point.

Lastly, entrepreneurship is believed to be a key determinant of the economic success of a country. Self-employment could be selfish at times when most of your thought is about just your wealth. An entrepreneur also thinks about his wealth but he creates something that will benefit others and thereby bring in wealth for him - it is mutual not selfish.

Same goes to a Nation.

A nation that invest into entrepreneurship strengthens theit economy. There is more of exportation to importation and the nation is known in the global market. Similarly, entrepreneurs in a country also enhance the country's economy. When you hear of Apple inc., you think about America. When you hear of Tecno, you think of China. When you hear of Samsung, you think of Korea and so many examples. With due respect and love, for the sake of improvement and not condemnation, when we hear of our country, Nigeria, what do we think?

It is not that entrepreneurship is not practice in Nigeria but it is done on a very small scale and this has limit our mentality and thinking. When most of we Nigerians hear about entrepreneurship, we delve our mind into soap making, shoe polish making, how to fry doughnut For sale and so on.

Please don't get me wrong, these things are very excellent but our intelligence and skills can still be broadened than these. Let's see soap making, bead making and the likes as one sector of entrepreneurship which I believe is now being thoroughly taught but can we also look at another advance section of entrepreneurship? Can the government please help to invest into our intelligence. Thanks to those Nigerians who learnt how to develop inverters ans solar generators - this is a very good example. Imagine this project has being invested on, then we won't have to import any of these things. Our schooling does not matter but the education given to us, so regardless of being a graduate or not, there are people, creative people out there with high intelligence who are looking for chances to use their abilities. Government investing in this advance entrepreneurship will change the country from just having mechanics but mechanics who can make cars, computer engineers who can make mother boards, phone repairers who can make phones and their panels, textile industries that  can turn wool to clothes and not just only tailors. Imagine us importing toothpicks, cotton buds, matches and so many little things when it is not that we don't have the resources.Nigerians who have the opportunity to support this type of entrepreneurship should please do so. I so much love Innoson motors - at least we now have a company producing Nigeria made cars (entrepreneurship) and not just Nigeria companies selling cars (self-employment).

I am not condemning those selling these things but can another set of people also learn to produce these things?  There are so many other things we can still create ourselves. If the government can, we citizens can and at  the same time, we should believe in ourselves and not condemn things that we make. Encourage ourselves by buying our own things most times. Let's believe we can and yes we can!!!I believe we are now enlightened about the differences in being an entrepreneur and being self-employed. Own your business and think wide about it, take constructive risks, read business articles, learn from the successful ones.

Don't just own your business -RUN IT

Written by
Adeyemi Olumide ( a.k.a creativity)

visit my blog to read more articles like this
http://creativityworldsite.

nice writeup but we don't have entrepreneurs/intrepreneurs here, they're all self-employed, the first invents and brings things into existence while the later copy, make, sell and deals With what is already invented.

Nice one

As an hair stylist and make up artist are my an entrepreneur or self employee?

Missy89:
Bunk!

This is not a very smart or well thought out article.

Every entrepreneur is self employed. Trying to paint both as two different things is just nonsense.

The OP is actually talking about the same thing but making the mistake of comparing a business during 2 different stages. The reason why the "entrepreneur" in your article wont go to work or will outlive his business is because he/she scaled it from a small entity to a big one.

do u know that two words can be synonymous but there wil stil be a slight difference nd ds slight difference can be outstanding...if I say someone is good at sth and I also say another is excellent at that same thing, does it seem similar in terms gravity? d same is self employment and entrepreneurship

bigx:


So ur plan of getting rich posting on nairaland is it entrepreneurship or self employment? And if we want to talk kiyosaki, no, He's not rich still if you use the word rich.

bro u r saying sth else...u said pple go writing while others get rich nd m tryin to tell you not to paint writers as pple who r nt gettin rich....
***so wch word shld I.use if not rich

tosintreasure:

Can you tel me the difference btw sole business and self employed.

sole business is one category in business (the other s partnership) self employment on b sole (if d business s own by u alone) or partnership( if d business is nt own by you alone) for instance jobberman s own by three guys (partnership) bt each of dem r entrepreneurs - they self employed bt with d spirit of entrepreneurship. hence they r entrepreneurs (hope u no.dey.nw v an office in ghana - they v taken d scope of d business outside their country alone)

MrGerald:
nice writeup but we don't have entrepreneurs/intrepreneurs here, they're all self-employed, the first invents and brings things into existence while the later copy, make, sell and deals With what is already invented.

bro u just helpd me nailed it...God bless you....I.hope those who are arguing that its d same can learn from ur example as one part of entrepreneurship

lurlah2014:
As an hair stylist and make up artist are my an entrepreneur or self employee?

dear being an hair stylist nd make up artist is ur.profession...now how u treat nd the spirit and zeal u put into it now defines you...for instance, havr you heard of house of tara - tara orekelewa? she s a makeup artist nd She is the one who has make make up artist a notable profession in Nigeria. in fact she is on Wikipedia...now tell me, is she not just more than someone who self employed...a make-up artist for that matter...think it well dear

prinzfavian:


Adeyemi Olumide Emmanuel is this really you? Wow! Longtime, how're you?
Alredy read this piece on ur blog yesterday. Nice one Man.

Gabriel s ds you?

kevinscore:
My brother all these things are the same depends on your packaging,mind u a self employed can equally package his business in such a way the business we outlive him is just that oyibo sabi use english to confuse us here.

bro do u know some words are synonymous but stil v an iota of differences...is there any difference between a teacher and a lecturer...if u can answer that, then you wil get my point

sped1oro:
In business context,there is eally no difference between an entrepreneur and self employed. They both want to do domething on their own without being restricted to the work-rule.Period!

they both want to do something but their vision is different...one is doin it just to pay his bills, the other as a bigger vision than just payin his bills...the spirit nd drive is different...I can decide to open up a business nd dats all to me why another can decide to open that same business nd you will be surprise with the way he will treat the same...

mike234:
Well said but I think you are only trying to differentiate between a sole proprietorship and a corporate organisation (Limited liability company). Self employment and entrepreneurship both fall under sole prop. but all your explanation about entrepreneurship is just that of a limited liability coy.

Although your points are clear but you definition of an entrepreneur is what I do not agree with.

You can still school me further if you think I'm wrong.

Stay blessed.

just as I told someone earlier;
sole business is one category in business (the other s partnership) self employment on b sole (if d business s own by u alone) or partnership( if d business is nt own by you alone) for instance jobberman s own by three guys (partnership) bt each of dem r entrepreneurs - they self employed bt with d spirit of entrepreneurship. hence they r entrepreneurs (hope u no.dey.nw v an office in ghana - they v taken d scope of d business outside their country alone)
guys are thinking am takin entrepreneurship..
I am taking entrepreneurship as word that defines you as a business person nd differentiates you from someone who just started up a business without drive, focus nd vision - as far as d money is.coming in, he s satisfied

mccoy47:

U quoted the whole article to write dat?
Oponu!

Lols, I'm glad you're pissed

Sasuwa:
Op are bloggers enterpreneurs or self-employed

self-employed... While the creator of Wordpress (Automattic, Inc.) belongs to the entrepreneur Cadre... Same goes for Google and Blogger, etc.

Sasuwa:
Op are bloggers enterpreneurs or self-employed

it s the spirit you are carryin for the progress of your blog that will define whether you are an entrepreneur or self employed...we have websites/blogs that has risen and then fallen back...what do you think make more people prefer gmail to yahoomail or outlook...

cr80vity:
it s the spirit you are carryin for the progress of your blog that will define whether you are an entrepreneur or self employed...we have websites/blogs that has risen and then fallen back...what do you think make more people prefer gmail to yahoomail or outlook...

pls if u don't answer don't comment

this is a nice post

cr80vity:
bro do u know some words are synonymous but stil v an iota of differences...is there any difference between a teacher and a lecturer...if u can answer that, then you wil get my point

Their core duty is to impact knowledge to their audience

kevinscore:


Their core duty is to impact knowledge to their audience

that is their core duty but are they regarded to be on the same level

Sasuwa:

pls if u don't answer don't comment

are u finding it hard to understand my point or u are a fan to direct answer

Self employed & enterpreneur? Hmmm....
I think its better to say self employed vs business owner. According the popular Robert Kioysaki in his book "Cash flow quadrant"
****************************************
Their differences is
- Self employed person needs to be at his place of work often to oversee operations & sustain profits but


- a Business owner can leave his business for 1year & come back to find it more profitable. Why? He has a system he has built that works on its own with capable manager with eg Mac donalds or any francise
****************************************
A self employed person uses words like "Do it yourself" or "You can be your own boss" money isn't important to them but FREEDOM whereas



A Business owner hires self employed & employees to help run their business because he has a system while they think of business plans eg A franchise like Mac donald

cr80vity:
Gabriel s ds you?

Lol, Yes o. It's Me.

they mean the same thing. contractor o, okra seller o, shoemaker all take risk with small capital and their labor to make small profit. all na entrepreneurship. stop making a mountain out of a molehill