Understand what the serial entrepreneur is and how it works

Having an innovative idea, bringing it to fruition, and then setting out to start a new business is typical behavior of a serial entrepreneur. Unlike an ordinary entrepreneur, this type of professional creates companies and, when everything is on track, delegates their responsibilities to another manager. After all, the focus is on new projects.

However, this concept is not yet understood by all people. In order to know about this topic, it is necessary to know what they are Entrepreneur Differences serial and understand the logic they use.

What is a Serial Entrepreneur

They are often confused with simple entrepreneurs, who are responsible for running a business after it is founded and plays an important role in the company for several years. Or they earn that nickname too, the serial novices who start various companies but don’t complete their development successfully and end up giving up.

It is therefore important to consider that the serial entrepreneur has special features. They are professionals who pay special attention to the subject initial phase of a company, but they do not relinquish their responsibilities until the company is consolidated.

In other words, they start a series of companies and see the true potential of each one. If the maturity reached, they pass the inheritance on to another person. That way, they can devote themselves to creating promising new businesses and repeat the same method.

A classic example of a serial entrepreneur is the North American Eva Williams. At 43, he has a career characterized by creating Internet companies that have thrived around the world.

Three companies he founded demonstrate the logic of the serial entrepreneur: On the one hand, he founded the to blog, tool with resources for editing and managing blogs. After selling it to Google for millions of dollars, Williams co-founded it Twitter and is currently working with other professionals on the development of MiddleContent Publishing Platform.

The Serial Entrepreneur focuses on different industries

In an article for Forbes magazine, serial entrepreneur with more than 25 years of experience, Patrick Hull, confirms that the successful serial entrepreneur is visionary and able to identify opportunities and then learn about an industry or join a qualified team to implement their vision.

According to Hull, a serial entrepreneur shouldn’t just focus on one company. It is necessary that he adapts quickly, moreover an expert and in love with the innovation in the general sense. The author also mentions that serial entrepreneurs are drawn to the adrenaline rush of solving problems and moving on to more challenges.

Are you a serial entrepreneur?

As you can see, a serial entrepreneur has his own set of characteristics and moves through them challenges and the motivation, which keeps it opening stores. In addition, he is a person who has frequently new ideas and always sees opportunities in the business world. And you, do you identify as a serial entrepreneur?