UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center
UMKC Innovation Center

Fourth Quarter 2012

Are you a Business Owner, Small Business Owner or Entrepreneur?

The terms are often used interchangeably. While the difference between business owner and small business owner could be based on something tangible, such as the number of employees, the term entrepreneur often reflects a distinctly different state of mind.

In a recent Forbes article, Gene Marks compares his “business owner” mentality to that of his “entrepreneurial” father. Marks highlights differences between the two mindsets at follows:

Entrepreneur                                    Business Owner

Risk taker                                                       Risk adverse (relatively speaking)
Thrives on the chaos                                      Prefers order and predictability
The company is an asset                                The company is part of the owner’s identity

In December we asked our Survey Panel which term they most frequently use to identify themselves. More than 75% of panelists identify as either a business owner or small business owner, while only 11% think of themselves as entrepreneurs.

hiring-plans expansion-plans which-term-to-describe-yourself this-year-better-than-last-for-general-biz this-year-better-for-my-biz-than-last sales-forecast next-year-better-for-biz-than-last

Connect with us!

Get insights, inspiration and events to help you start, grow and accelerate KC businesses.


How can we help you?

Our team helps grow entrepreneurship in Kansas City every day.