Serial entrepreneur

From Wikipedia, the free encyclopedia

A serial entrepreneur is an entrepreneur who starts a number of new businesses after having already started and exited a previous business venture. An entrepreneur is guided by the belief in a market opportunity for a particular product and/or service. An entrepreneur follows an inspiration and is able to motivate others to follow them. Entrepreneurs are willing to take on a personal, professional and/or financial risk. In contrast to an entrepreneur who starts a single company and operates it as a career, a serial entrepreneur may treat entrepreneurship as a profession. Successful serial entrepreneurs have

• the ability to repeatably recognize a market. He/she might rely less on personal intuition and inspiration but on an analysis of the market opportunity.

• the ability to repeatably create a product or service. A serial entrepreneur is focusing on a repeatable business processes.

• the ability to repeatably motivate individuals/teams and build an entire organization to follow in his/her pursuit

• the ability to delegate and surround themselves with talent that complements their own.

Richard Branson is a well-known and successful serial entrepreneur.

[edit] References

• Inc. magazine article
• PROFIT magazine article
• NY Times article

[edit] See also

• Entrepreneurial economics
• Social entrepreneurship