The terms Founder, Entrepreneur and Businessperson are often used interchangeably. However, there are genuine semantic differences between each.
I define each as the following:
- Founder - one who creates and nurtures a venture that creates a new market, enables other ventures, or powerfully satisfies a previously unfulfilled need within society.
- Entrepreneur - one who undertakes a venture that focuses a targeted solution on a previously unserved (or underserved) niche.
- Businessperson - one who takes a well-established formula and seeks to optimise it's overall execution.