It can be tricky to identify the differences especially when people seem to use the words interchangeably. However, there are major differences between these roles. An Industrialist is the one owning or engaged in the management of an industry. Originally, it meant someone who manufactured goods that were not from agriculture, craft(i.e. skill), or commerce. The modern term is a business magnate.
Businessman or business person is one who works in commerce. Commerce is the exchange of goods or service often on a large scale. An entrepreneur is one who sets up a business or businesses, taking on financial risks in the hope of profit.
An overlap in meaning is sometimes observed, for example, an entrepreneur may be a businessman, an industrialist may be a businessman and an industrialist is a very influential entrepreneur. However, each is different and they are not mutually exclusive but they can overlap.
A businessman is a construct meaning it is comprised of many different interpretations that can only be understood when examined and compared. A businessman is a man who works in business so this could be a manager or it could be a CEO/entrepreneur. Or, an aspiring entrepreneur might earn extra income working in a business setting and call himself a businessman, but then he is not an industrialist.
The differences are found with the individual and the context because these roles are often intertwined, involving one another and often overlapping depending on the stage of an individual’s journey and their motives.
Vision
Risks
Purpose
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