Why do some company entrepreneurs develop and operate many companies? Why is it that they can juggle so many different tasks at once when other business owners can only handle one at a time? If you’re looking to become the next young billionaire, one of the first steps you can take is to find a serial entrepreneur mentor who can teach you how to succeed in multiple ventures over the course of your lifetime. Here’s what you need to know about finding and working with your own serial entrepreneur, as well as how to identify successful ones and how they differ from other kinds of entrepreneurs.
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. In order to find the best serial entrepreneurs, you need to look in places like Silicon Valley or Austin, Texas. Those with great ideas and the will to see them through are drawn to these places because of the thriving start-up culture.
Businesses started by serial entrepreneurs tend to focus on fast-growing markets that have a high need for new approaches. People who start and run multiple businesses are a rare species. They think like business owners, always on the lookout for fresh chances. They are also risk takers, with all the upsides and downsides it entails. The capacity to recover from failures distinguishes serial entrepreneurs from other business owners. Their failures may seem like defeats, but in reality, it’s part of the learning process that helps them grow as entrepreneurs.
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 dad assured him he could finish school whenever he wanted, but he wasn’t interested in doing it 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 blogged about his experiences working with entrepreneurs, and he has helped fund some of Silicon Valley’s most successful start-ups. 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.