Manager vs Entrepreneur

Got this link from the company intranet --> original in german translated using google translate to English

In the media managers are in daily reporting. Who gets what income, who is terminated, who engineered a merger with another company and so rare, however, we learn not only in the local press, by entrepreneurs. And yet, managers and entrepreneurs in the public eye are thrown back into the same pot.What differs, however, managers and entrepreneurs from each other?

• Ownership 
  , the entrepreneur is involved with his own capital to a large stake in the company.The managers are at best a few shares, but he is not the main shareholder.
• Income 
  for at least the salaries of Dow board members are known. Many entrepreneurs stand against no salary, but are part of their income depends entirely on the profits. This is especially true for freelancers, entrepreneurs and medium entrepreneurs. No gain is earned, they deserve nothing. Conversely with managers who receive a salary and receive variable income components that depend on the success of the company. The income level and the success criteria are established between the boards, often former members, and the Board. The accusation of self-service mentality stands in the room.
• Sense of responsibility 
  , the entrepreneur is often the founder or the followers. The company sees it as "his baby", as "his baby". Accordingly, it is thus through all the ups and downs.The employees are part of the "family" with appropriate emotional bond.Especially in small and medium-sized enterprises, everybody knows everybody.One feels for the others. Redundancies in such situations are often perceived by the entrepreneur as a personal failure. The manager counts on the other hand dismissals to his normal duties.
• Ability to make decisions 
  an entrepreneur, especially as a sole proprietor can make decisions independently. A manager, however, is different from other board members, subject to supervisory boards and shareholders. Therefore, these decisions must be compromises or cliques come about. The shape of the AG also requires a very different kind of "public" company presentation as a sole trader. Due to publication requirements, the managers are under a different pressure, constantly need to have good numbers as an entrepreneur, who is only the tax office to explain his company's figures.
• Motivation 
  for entrepreneurs and for the manager's income is certainly a motivating factor.However, in my view to distinguish the quality and other factors. When entrepreneurs are also reasons like "I want to show that this idea can earn money" and enthusiasm to the product in the foreground. In contrast, managers are to power and image. Accordingly, many a manager enters a show similar to Star in public. Behind a manager and entrepreneur are different personalities.
• Position in the company 
  is also a board employee in a company with a contract of employment and termination option. For an entrepreneur is not the case. He is absolutely in charge. Is he, is the result of insolvency, sale or succession. It must be his own person directly connected with the company. At a board, dismissal, as has been shown in recent times, almost as often as the exchange of football coaches. If the success or need someone to blame is terminated him.
• Liability 
  The company is liable in principle itself, sometimes even with his personal fortune. The banks hold against him. Shops next to go, it hits him personally, as a rule. Also here is different from managers. I do not think that would have made ​​an Juergen Schrempp as an entrepreneur in the Chrysler deal. Billions have been destroyed in the process, while his salary probably even better. On the other hand are just a family particularly interested in keeping their assets together and multiply
• Spending 
  an entrepreneur has a different relationship to costs. It feels right that they would limit their profits. Go back to the sales, he will immediately try to reduce its variable costs. The cost of business travel and events of all kinds come immediately to the test. For a manager, however, are expenditures primarily accounting records. His lifestyle because of a sales slump, he will not change for now.
• Severance / pension 
  is terminated for managers, you usually receive a severance payment of several years' salary, ie several million euros. The same applies to the pension. And - as the latest example of Klaus Kleinfeld  shows, you still get an additional inaugural parade and premiums. On the other hand many a trader is happy when he can during his self-sufficient to cover for his pension.
• Seniority 
  in a company, many managers are only a few years. The binding to the company is therefore quite different than that of a businessman who spends his entire often in his company or a large part of his working life. Accordingly, with the goals of a manager rather short, at best, a medium-term, in contrast to an entrepreneur in the long term. The manager's main focus is primarily on his personal benefit optimization, the contractor on the company.

Conclusion: The differences between managers and entrepreneurs are enormous. Many of the above findings have come from my personal experience about and not the result of sound studies. For me personally, this results in the conclusion: If I want to improve my salary, I should be manager. I will act independently and responsibly, I have to be entrepreneurs.

Its so true. If the manager thinks he is spending his own money then lot of costs would be reduced.