A businessman is one who builds a business based on an existing idea and offers services and products to their customers. On the other hand, an entrepreneur is one who builds an enterprise with a brand new idea and undertakes commercial initiatives based on that concept. Businessmen are typically market players who create their own stand in an existing market, while entrepreneurs are market leaders and intuitive and are creators of a new market. Entrepreneurs apply innovative methods to achieve business success, while businessmen generally go by conventional standards.