Some company entrepreneurs create and manage many companies; why is that? How come they are so much more effective at juggling multiple tasks than most business owners? If you want to become the next young billionaire, finding a mentor who is a serial entrepreneur and can teach you the skills you’ll need to succeed in a variety of ventures throughout your lifetime is vital. What makes a serial entrepreneur tick, how to collaborate with one, and how they vary from other business owners can all be found in this resource.
Individuals who have established and managed multiple businesses are referred to as “serial entrepreneurs,” a word that suggests they are not afraid to take risks. People that launch a number of successful businesses typically have lofty ideals, are extremely hard workers and have extensive professional and personal networks. The bulk of the world’s most successful serial entrepreneurs may reside in Silicon Valley and other technology hubs such as Austin, Texas. Because of the vibrant start-up culture, people with innovative ideas and the will to carry them through are attracted to these areas.
Serial entrepreneurs prefer to establish businesses in rapidly expanding industries that have a strong need for innovative solutions. In today’s society, entrepreneurs who launch and successfully operate many ventures are unusual. Like any good company owner, they are always on the hunt for new opportunities. They get the rewards while suffering the consequences of taking risks. The ability to bounce back from failure is a defining characteristic of serial entrepreneurs. Although their failures may undoubtedly seem like losses at the time, they will prove to be essential to their growth as company owners in the long run.
Entrepreneurs who fail and try again often do so in the hopes of improving their chances of success the next time around. Risk-taking is a normal part of an entrepreneur’s process because there is no upside to taking it safely while starting a business. Carter Reum wasted four years and a significant amount of money on college before realizing he didn’t need one. Carter had little interest in finishing school at the moment, despite his father’s promises that he could do so whenever he wished. After meeting at a party in Los Angeles in 2007, Carter Reum, an investment banker by profession, began dating Paris Hilton. It didn’t take long for the two to click, and Hilton soon asked Reum to join her in founding a new enterprise. Reum accepted, and the two went on to launch a hugely successful cosmetics business.
To get started, model your efforts after those of persons like Carter Reum. Reum has funded some of Silicon Valley’s most successful start-ups and written a blog about his time working with entrepreneurs.