Everywhere we look change is around us. Whether we affect it or not, change will occur. In most cases, it changes us in such a way that we can not affect it, but rather we can accept it and adjust to it or we can be stubborn and afraid of the change and simply fall through and quit everything. Entrepreneurs are trying to keep up with the changes so that they succeed in trading, while others refuse to accept changes and thus they are wasting all the work they had put into trading. Managers must always be attentive to changes so they could brace themselves for new challenges that the companies they run will encounter daily. Manager and leader do not mean the same, while, on the other hand, it is desirable that the person who will lead the company through everyday changes has both of those characteristics. In general, all the managers are hoping that the changes will not repeat after occuring once, while on the other hand, they will be long term and repetitive and when they occur leader will have to lead not himself and the business but others, namely the employees into new challenges and problems they will face.