Joel and Nigel are both creative people who started their own businesses. Joel's business failed, and Nigel's business flourished. In analyzing these outcomes, Stan, a business executive and mutual friend of Joel and Nigel, noted, "Joel is an inventor, and Nigel is an entrepreneur." What is the difference between inventors and entrepreneurs?

Joel and Nigel are both creative people who started their own businesses. Joel's business failed, and Nigel's business flourished. In analyzing these outcomes, Stan, a business executive and mutual friend of Joel and Nigel, noted, "Joel is an inventor, and Nigel is an entrepreneur." What is the difference between inventors and entrepreneurs?



Answer: Entrepreneurs have good knowledge and skills in management, business, and networking, whereas, inventors lack such skills.


Learn More :