According to the 2015 Small Business Pulse Survey by insurance provider and financial services group The Hartford, business owners say there is a difference — and they don't all want to be called the same thing.
The Hartford also asked each group about their defining characteristics. Self-described small business owners said they are maintaining their businesses at their current size and adding value to their local communities through their business. Entrepreneurs, on the other hand, see themselves as visionaries who are looking to build a legacy for their families. While the two overlapped in the following areas, the survey revealed that more entrepreneurs related to certain statements than did small business owners:
I am always looking for the next opportunity: 30 percent of SBOs versus 41 percent of entrepreneurs.
I am looking to grow my company significantly: 23 percent of SBOs versus 30 percent of entrepreneurs.
I am innovative: 20 percent of SBOs versus 45 percent of entrepreneurs.