The Connection between Entrepreneurship and Small Business

This essay discusses the concepts of small business and entrepreneurship and relationship between them. We will try to define and explain the terms ?owner-manager? and entrepreneur, in other words who operate a small business enterprises. We also will examine the similarities and differences of these terms.
From the outset it needs to be emphasized that while we will talk about the small business and entrepreneurship, these terms need to be defined. For small business there is still no single definition which satisfies all purposes. …