The difference between a self-employed and a business owner.

[Etini]

By way of definitions, a self-employed person is a person working for oneself as a freelance or the owner of a business rather than for an employer. A business owner is one person who is in control of the operational and monetary aspects of a business. To make the analogy clearer, a self-employed business is an unstructured business while a business owner or entrepreneur has a well-structured business.

Consider two people that own a printing business. The first one has just a PC, a few printers, and a power generator. He designs and runs the printing by himself. The second guy owns same printing business. He has a section for graphics design, another section for light printing, and a further section for Direct Image Printing. The first man is a self-employed person. The second man is a business owner. The primary difference between a self-employed person and a business owner is in the setting up of structures. Everyone can start out as self-employed but should seek to get to the level of business owner.

 

[Jasz]

The difference between a self-employed person and a business owner is in the way they make their money.

A self-employed person creates his or her own job. He or she does what he or she wants to do, when he or she wants to do it. The self-employed person does not need anyone else's permission to do what he or she wants to do.

A business owner hires other people to help him or her make money. The business owner pays the employees using his or her money, so the employees work for wages. The employer is legally responsible for paying taxes on the employee's wages and benefits, so he or she must have enough money in his or her bank account to pay these taxes when they are due. This is called payroll taxes.

The difference between an employee and a business owner also affects how much control each has over their jobs and how much responsibility they have for making decisions about their jobs.

 

[Holicent]

When you think of a business owner, do you picture someone who works in a cubicle? Or do you picture someone who has their own office?

The truth is that most businesses are owned by one person. But there's a difference between a self-employed person and an entrepreneur.

Self-Employed People

Self-employed people work for themselves or for companies that employ them. In other words, they don't have any employees. They're responsible for everything from running their business to paying taxes on their earnings. Self-employed people also pay Social Security tax, which is deducted from their paycheck before it goes into their pocket. Self-employed people can deduct costs like health insurance premiums from their taxes if they itemize deductions instead of taking the standard deduction.

Entrepreneurs

Entrepreneurs have their own businesses or work for other entrepreneurs who own their own businesses. Entrepreneurs usually employ other people to help run those businesses and sometimes even sell products or services themselves so they can earn more money than they normally would at other jobs in the same industry."

 

[eldavis]

Wow, this actually makes sense, people tend to assume a business owner and being self employed are one and the same thing, myself included. From what you have said, i think it's safe to say a business owner is someone who has the responsibilities of not just taking care of himself but also taking care of does under him/her. To be called a business owner, you need to have workers under you, while someone who is self employed usually have just themselves doing the whole. But a person who is self employed can also call what they do their business right? And most importantly i believe it is very possible to grow from being self employed to becoming a business owner with time.