The difference between owning a business and managing a business.

[TOZZIBLINKZ]

It is totally more easy for an individual to definitely own and establish a business especially if he or she has in his or her possession the sufficient and adequate capital for bringing the business into existence so as to satisfy the needs and wants of members of the public . But on the other hand managing a business is still turning more difficult because managing and operating a business totally involved more physical strength , mental power , and even brain creativity as well , but most importantly a business owner who have established a business or who is possibly intending to own a business must definitely be creative because creativity will totally prevent him or her from formulating unadvisable and wrong ways of managing the business but rather as a result of his good mental prediction and good suggestion of business strategies he or she can totally formulate various strategies and ways to boost business profit .

Establishing a business is literally for the purpose of satisfying the needs and wants of members of the public because it is only when you satisfy the needs and wants of your patronizes and various customers and clients then that is only when you are able to make business profit and reasonable business income . But to be able to accurately and adequately be so you need to apply creativity , that is why it is advised that before an individual establishes a business he or she must endeavour to check his ability, capability and most importantly his or her creativity as well .

 

[CALVINDOL]

It is absolutely and obviously true that majority of business owners are so much focus on the actual establishing or owning of a business compared to the actual management and operating of the business and due to these majority of businesses managed and controlled by senseless business owners like this tends to shut down and even go bankrupt without lasting the test of time . To be successful in business we must totally understand that establishing a business could be very easy especially if you have the requisite capital and sufficient financial funds to do so but on the other hand managing a business totally requires a whole lot of mental strength and even capability and also creativity . .

Most importantly our creativity involvement in our business should be paramount because our business success totally depends on how creativity we are as a business owner or manager . It is totally important a business owner shows a sense of creativity in business because with creativity he or she will be so much successful to handle his business rivals and business competitors .

 

[Abee111]

When we say owning a business, it means is a business that has been established by you, run buy you and been maintain by you.
It means you are the risk bearer of the business, without anybody in it.
You take decision of what to do and what not to be done in your business, you promote your business and making a way to develop it. The owner can do anything possible that it will take to promote his business in the society.
But when we say managing a business, it means the business belong to an individual or organization which they gave you control or let me say, as a manager which will be controlling the affiers of the business, and where he found something wrong of anything that need improvement, then he will take it to the owner of the organization so that they will take action on it in other to diverse the company or the business.

 

[Rubz]

Most business owners are too busy owning and establishing a business that they fail to manage it properly. Business owners tend to forget that when starting a business, they should consider the managerial aspect and how the business is going to function. They think business owning is all about having the necessary capital to find the business. Whereas, in reality business is all about being able to manage it properly. When one handles and manages the business and all it's activities properly, there is no possibility that the business will fail.