While the difference between someone who is running a business and an entrepreneur should be clear by now (we’ve touched on it a few times in previous posts), there are certain traits which distinguish the true entrepreneur from someone who’s just started and operated a string of businesses. The entrepreneur is in love with the process of either creating or discovering an opportunity to make money, therefore the industry or field in which this is done doesn’t really matter.
While I perhaps don’t quite have the drive (not yet anyway) to operate as one myself, I reckon being an arbitrageur is the ultimate manifestation of what an entrepreneur is! An arbitrageur epitomises the very idea of seeking out opportunity to profit where none seems to be in existence because they rely on volume (the mobilisation of the masses) to rack up what seem like very small profits. These tiny profits add up very quickly however and then we all turn around and marvel at just how someone literally managed to manufacture big profits for themselves, out of thin air.
So what is an arbitrageur?
It’s a term that originates from the good old financial sector, referring to someone who essentially compares the markets over which they can buy and sell the same securities who then goes on to buy those securities from the market where they’re available cheapest and re-sells them on the markets where they’re sold at a higher price. The difference (arbitrage) is so small that many people consider this practice to be a bit too time consuming with too little returns, but that’s what distinguishes those who are made for this and those who should rather look elsewhere. As mentioned, the profits can add up really quickly if you get the volume right.
Originally posted 2017-02-08 07:54:40. Republished by Blog Post Promoter