Who is an Entrepreneur

INTRODUCTION
Who is an Entrepreneur?
An Entrepreneur is a person who sees an opportunity and assumes risk of starting a business, employs his capital, time, talents, and other resources to pursue those opportunities for the purpose of making profit.
Of a truth, businesses don’t grow over night and there is no magic bullet that can transform one into a rich and successful entrepreneur in just one blink. However, to succeed the following are key characteristics I dim fit to consider and adopt in becoming a Successful entrepreneur;
• Passion for your business
• Being innovative
• Persistent
• Resourceful
• Risk-taker
• Discipline
PASSION
Pure passion and drive is the single most defining characteristic of every successful entrepreneur. It’ssomeone with almost tunnel vision to be able to focus all their energies into turning their concept into a profitable reality. Passion is that tool which helps an entrepreneur to pinpoint business opportunity where others can’t. And even if others do see the opportunity and competition arises, their passion for what they do means competition never scares them; it merely serves to drive them on to do better.

INNOVATION
An entrepreneur is always on the look-out for new innovations and ways of reinventing themselves. Whether those innovations come from within or from outside sources, they seek inspiration to find better ways to run their business and refine the products and services they offer.
Aside from their innovative nature, successful entrepreneur also have the flexibility to accept and adopt change when necessary for the growth of their business.

PERSISTENCE
Many of us have been there before: sat in our armchairs at home, watching the television with our loved ones and, in the ad break, a new advertisement appears selling a product or service that leaves you saying ‘l thought about doing that ages ago!’.
Those with the inquisitive nature and perseverance to follow ideas and aspirations through are considered to have the entrepreneurial spirit and gumption.

RESOURCEFUL
A key ingredient for any entrepreneur looking to make a success of their own business is to maximize the resources they have to hand. As a one-man-band, entrepreneurs need to be able to manage their time with supreme efficiency and also have the foresight to seek help when they need it.
Resourceful entrepreneurs create a network of people they can trust and tap into when they are looking for a specialist task completed.

RISK-TAKER
AN entrepreneur needs to be willing to take risks after identifying a potential opportunity by investing time and effort into it to make it a success. Very often, these risks will be well calculated, weighing up the potential benefits of taking a risk. In many cases, not taking risks can stifle a new business before it even gets off the ground!
As calculated risk-takers, entrepreneurs need to be meticulous with their financial planning; and not too proud to ask for specialist financial and legal advice when they need it most.

DISCIPLINE
Another major characteristic of a successful entrepreneur is the ability to be disciplined in the face of profit for a new business. It is important for an entrepreneur to prepare laid down and documented plans to govern profit and expenditures and it helps to take potential profits risks.
Hence becomes relevant to conduct monthly, quarterly and yearly checks and balances to enable the entrepreneur monitor, operate and manage the business.

ABOUT THE BUSINESS
EXCHANGE concept platform is a business idea borne out of the quest to creating a marketing platform for synergy and connecting various types of businesses starting with trading of different building materials all around the country, focusing on precise locations and later expanding depending on the progress and response rate.