What Is a Serial Entrepreneur? And How to Become One
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A serial entrepreneur is someone who makes money by launching multiple businesses. They could run these businesses simultaneously, delegate the management duties or simply build it, scale it, and sell it before moving on to the next venture. It may seem like a simple task to outsiders, but the mere fact that only a handful of these multiple-business founders are successful suggests that it may not be as easy as it looks. One of the most observable characteristics of serial entrepreneurs is their persistence. They don’t stop at just one business or even two sometimes; they enjoy the thrill of starting and growing numerous businesses with the goal of making the new one better than the last. For a small enterprise, a few partners may be enough to supply the required manpower to run the business.
They include an extreme passion for what they do, heightened curiosity, great at networking, higher levels of intelligence, emotional agility, and efficient time management skills. Now that we have highlighted some distinctive characteristics of multiple business founders, let’s look at a few examples of notable individuals who have successfully launched numerous businesses. Sometimes, business owners take a complete back seat to managing their ventures and delegating the daily management duties to the executive team members. A serial entrepreneur could retreat and take up only the role of a director, which is a less active role compared with managing the business, which frees up more of their time to dedicate to other ventures.