What makes serial entrepreneurs so special? Why is it that they can juggle so many different tasks at once when other business owners can only handle one at a time? The first step toward becoming the next young billionaire is to identify a mentor who is a serial entrepreneur and can provide you with the tools to be successful in a wide range of ventures. Find out how to spot a successful serial entrepreneur, how to collaborate with one, and how they differ from other types of business owners by reading this guide.
Serial entrepreneurs are those who have started and managed many businesses, and they tend to be bold individuals who aren’t afraid to try new things. Entrepreneurs who start many enterprises tend to be driven by a strong sense of purpose, enthusiastic about their job, and skilled networkers and connection builders. Silicon Valley and other tech hubs like Austin, Texas, are where you’ll discover the most successful serial entrepreneurs. Those with great ideas and the will to see them through are drawn to these places because of the thriving start-up culture.
Serial entrepreneurs’ businesses tend to focus on fast-growing areas with a strong need for fresh methods. People who start and run multiple businesses are a rare species. They think like business owners, always on the lookout for fresh chances. They’re also risk takers, which can lead to both success and failure. It is the ability to bounce back from setbacks that distinguish serial entrepreneurs from other business owners. Their setbacks may feel like losses, but they are actually a vital part of their development as business owners.
Serial entrepreneurs strive to learn from previous mistakes and apply what they’ve learned to future ventures, boosting their chances of success. They often take risks because there’s not much point in playing it safe when you want to grow your business into something bigger. For example, Carter Reum wasted four years of his life in university before realizing he didn’t need a degree. Carter’s father promised him that he could finish school anytime he wanted, but he didn’t want to just now.
Which leads us to the question: where do we locate the most successful repeat business owners? Start by following industry leaders like Carter Reum. Reum has helped fund some of the most successful start-ups in Silicon Valley, and he writes about his experiences working with entrepreneurs on his blog. He also interviews other serial entrepreneurs who have been through the process before and know what it takes to be successful. Looking through web news articles may also yield success tales, particularly those of businesspeople who have found great success after launching multiple successful ventures.