openPR Logo
Press release

SERIAL ENTREPRENEURSHIP: TOP 10 KEYS TO SUCCESS

starting a business entrepreneurship

starting a business entrepreneurship

Generally, an #entrepreneur# focuses on one business at a time. An #entrepreneur# is an individual who converts opportunities into commercially viable ventures, bearing more than normal risks. An #entrepreneur# looks for a need and proffers solutions for monetary considerations. A serial #entrepreneur#, on the other hand, engages in different businesses at the same time. A serial #entrepreneur# continuously comes up with new ideas and executes these ideas as different businesses.
Although a serial #entrepreneur# conceives the business idea and might even start running things, he eventually entrusts the responsibilities of running it to someone else or other group of persons as he has to move on to another business venture. Thus, for one to be a successful serial #entrepreneur#, there are various keys ranging from right people, platforms, etc.
These are the ten top keys to success as a serial #entrepreneur#.
1. THICK SKIN
Starting any business requires plenty of energy, time, commitment, and tends to be very draining. The first key to success as a serial #entrepreneur# is to develop a thick skin, have stamina both mentally and physically to stand and withstand the pressures and stress that come with serial entrepreneurship. The thick skin is needed for the challenges that would be posed at the beginning and in the course of the business.
2. STRUCTURE
To be a successful serial #entrepreneur#, there is a need for the #entrepreneur# to build a structure that can last even in his or her absence. This is because the serial #entrepreneur# would eventually have to leave the business to start running or overseeing another one. A usual #entrepreneur# would stay in one business course and run it through; he or she would be there for the daily running of the business until they finish the course of the business. However, the serial #entrepreneur# is not there to man the business. Hence he or she must be able to build a structure that can hold a business to last even without his presence. This structure is beyond a building, this structure is people. A serial #entrepreneur# that wants to succeed must have people he can delegate responsibilities to and trust to carry out instructions. Thus, the serial #entrepreneur# must surround himself with people he or she can trust, people that share similar values, drive, vision, and views. This would give the serial #entrepreneur# time to develop new ideas and start-up new businesses and maintain focus on each new business venture.
3. THE MONEY FACTOR
The serial #entrepreneur# must be willing to spend money. A person that wants to practice serial entrepreneurship, cannot afford to be frugal or be a miser with money. This is because, if the start of a business is an idea, the fuel to run it is money. But then the serial #entrepreneur# does not need money just for the execution of ideas. A serial #entrepreneur# would need to pay others and utilize as many people and platforms as possible. Creating a LinkedIn company page or paying expert recruiters would go a long way in increasing the reach of the business to potential clients and customers. Since the serial #entrepreneur# would not be available for the daily running of the business, he or she must give serious thought, or have a sustainable plan on how the delegates running the businesses in their stead, would get paid.
4. TIME MANAGEMENT
A key to being a successful serial #entrepreneur# is the ability to use time wisely and manage it well. The founder of Smart Bear and cofounder of IT Watchdogs advised that a serial #entrepreneur# who wants to be successful should focus on one task at a time. While multitasking may be a sign or proof of efficiency in some other things, it has been shown by research it is not always true for serial entrepreneurship. Doing more than one task per time in a business may be very counterproductive and unhealthy to that business. Hence, a serial #entrepreneur#, might if need be, take lessons on how to manage his or her time very well.
5. ORIGINALITY
Even if there is nothing new under the sun, there is still room for uniqueness; your idea should stand out as being original. Do not compromise on your uniqueness or originality as a serial #entrepreneur#. Ideas may be similar, but they should not be so similar to be confused as the same. Ideas should also not be so similar to an existing idea or product in the market, otherwise, it would lose its originality.
Hence a key to success as a serial #entrepreneur# is in how original and unique an idea is and can appear when it is actualized.
6. PARTNERSHIP
Although a lot of people think of a serial #entrepreneur# as a Jack of trades, a key to being a successful serial #entrepreneur# is to partner with the right people, in the right vocations. In building a business, there are various factors to take into consideration and one of such factors as availability of information. Since it is impossible for the serial #entrepreneur# to be all knowledgeable or have all the information, he or she must partner with people that are knowledgeable and have the information that is needed to keep a particular business or even business idea running. There is nothing new under the sun, not even a new idea, partner with people that are already doing what you envision entering into. Partner with people that are already running with an idea that looks like yours. A serial #entrepreneur# who believes he is omniscient and refuses to seek help or the right partnership is already set up for failure.
7. SUPERVISION
This is a core key for success as a serial #entrepreneur#, while the serial #entrepreneur# would not be stuck in a particular business as he needs to keep running other ideas and businesses, there is a need for supervision of those that have been delegated to see to the running of an already established business. A serial #entrepreneur# that refuses to make time to supervise his other enterprises, would not be successful. This does not mean you do not trust the people delegated or would be controlling them, this key rather entails that the serial #entrepreneur# keeps a watchful eye on his businesses while running other businesses.
8. THE TECHNOLOGY FACTOR
A serial #entrepreneur# in his or her strive for success must take advantage of information technology. This makes keeping track records easier, supervision is also easier. Among the many structures a serial #entrepreneur# should put in place, he must also have a team of people that are information technology-oriented. It is an advanced age and everything, including business, must be done in an advanced way.
9. INNOVATIVE
The famous saying that you cannot do the same thing in the same way and keep expecting a different result. A serial #entrepreneur# must be creative and innovative, he must do things differently, especially as he is doing different things. As much as things are similar, do them differently, make sure it is worth the while also.
10. DEVELOP A GROWTH MINDSET
A serial #entrepreneur# must be willing to evolve with the changes and needs of the time. This would help him or her to develop a growth mindset, every problem thus becomes a cloak over a new business venture. The serial #entrepreneur# runs chains of businesses, and a growth mindset, aside from being a key to success, is also a way to keep ideas coming, and businesses running.

The serial #entrepreneur# is not limited to or by these keys alone. Each business that is pulled off brings with it lessons and in those lessons are the keys to success. Perhaps the most important key to being a successful #entrepreneur# is to keep being one. An ultimate key to success, is in the persistence of good efforts.

Media Contact
Name: Robert Moment
Email: Robert@HighEmotionalIntelligence.com
Website: www.HighEmotionalIntelligence.com
Location: Arlington
State: Virginia

About the Author

Robert Moment is a results-driven certified social + emotional intelligence coach and trainer and certified peak performance coach and author of the game changing #entrepreneur# mindset Special Report titled, “5 New Words That Will Change The Way You Think About Achieving Business Success

Robert specializes in helping entrepreneurs overcome self-limiting beliefs, fears and imposter syndrome using the power of high emotional intelligence and peak performance coaching to be your authentic self, living inspired doing what you love scaling to a 6 or 7 figure business.

Schedule your FREE 15 minute Transformation coaching call. No sales pitch. No fluff. This call will bring you clarity to your mind, and peace to your heart about life and the future of your business.
Visit https://HighEmotionalIntelligence.com ( Click on #Entrepreneur# Coaching)

Enroll Today in the transformative online course #Entrepreneur# Mindset Success Secrets to Start a Business with Rapid Results.
Get the FREE Course Module titled, “Entrepreneurial Growth Mindset Success Habits for Starting Your Own Business”.
Visit https://courses.highemotionalintelligence.com/courses/StartingaBusiness

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release SERIAL ENTREPRENEURSHIP: TOP 10 KEYS TO SUCCESS here

News-ID: 2410488 • Views: 335

More Releases from Highemotionalintelligence.com

25 Tips for Improving Emotional Intelligence in the Workplace
If you walk into a manager or colleague's office, can you quickly get a sense of their mood? Can you tell if they are on edge, stressed, or frustrated, or if they are in a great mood and feeling extra chatty? Your emotional intelligence (EQ) is what allows you to do this. In addition to understanding others' emotions, your EQ also makes you aware of your feelings and helps you
Diversity and Inclusion: 11 Business Strategies for Implementing and Executing a …
In today’s competitive business environment, a diverse workforce provides a powerful advantage, and ignoring it can be devastating and costly for companies attempting to grow with the times. Diversity, equity, and inclusivity in leadership and work environments are essential for making employees feel valuable, therefore correlating to higher productivity and innovation. Diversity brings forth various narratives and skills that create a rich talent pool. Diverse organizations have proven to be
Top 10 Small Business Marketing Tips for Starting a Business
Your small business needs effective marketing strategies to grow, as it can be quite challenging to raise brand awareness due to a lack of resources and size. You, alongside everyone that works in your business, need to understand marketing as it helps increase the value of your small business. There are numerous ways to market your business, but before you can do this effectively, you need to have a marketing
Imposter Syndrome: What It Is and How to Overcome It as Women Entrepreneurs
Many women entrepreneurs are plagued with the feeling that they are a fraud, inadequate, or a failure. These self-beliefs are commonly referred to as imposter syndrome and disproportionately affect females more than their male counterparts. For decades, females have been conditioned to downplay abilities and self-deprecate, resulting in low self-esteem. When we feel like frauds, there are emotional, mental, creative, and financial consequences. As a result, female entrepreneurs struggle in

All 5 Releases


More Releases for Robert

Robert Feckl has joined Clueda's advisory board
Munich, Feb 6th 2014 Robert Feckl (54), who holds responsibility as CIO of German bank Baader Bank AG, has joined the advisory board of Munich based semantic search and news analytics company Clueda. “With Robert, a solid software expert joins our firm. His longstanding network in the IT industry will, no doubt, help Clueda strategically”, Clueda CEO and founder Volker Stümpflen said. Since 2001 Feckl has run the information technology systems of
Scrubs Star Robert Maschio trusts Vega Interactive
Brunswick / Los Angeles, August 5th 2011. “Scrubs” Star “Robert Maschio” relies on the digital Know-how of Vega Interactive, a company based in Brunswick, Germany. In a time of cultural change determined by New Media is it becoming increasingly important for people in the public eye to consult with and receive support from professionals. Robert looks back on more than twenty years of acting experience. The New York Native spent many
05-06-2011 | Sports
P1 Groupe
P1 Groupe Retained By Robert Stout
P1 Groupe, the premier motorsports management company has been retained by up and coming racer Robert Stout for representation. Stout has been racing since 2006 and has made a strong mark in the racing world. In his first two years, he was nationally ranked in the top 20 out of 250 racers in his class, competed in 82 races netting 49 Top-10’s, 29 Top-5’s, 18 podiums, 5 wins and 5
Robert Amsterdam Best Attorney
Lately Amsterdam & Peroff promoted which they have been employed because lawful experts in order to prior PM associated with Thailand Thaksin Shinawatra, to assist in our good problem for that rebirth associated with democracy as well as unsafe effects of regulation within the Southeast Hard anodized cookware nation. "We tend to be thrilled to become maintained through PM Shinawatra to work about this immediate issue, and that we take
Robert Fellner-Feldegg awarded Professorship
The Managing Director of the VAG Group, Mr Fellner-Feldegg, Industrial Engineer, has recently been honoured with a Professorship. Mr Fellner-Feldegg was awarded the title of visiting professor for a 3-year period on 30 June by the Tongji University in Shanghai. In receiving the title, Mr Fellner-Feldegg joins a host of world-renowned experts in the University's gallery of visiting professors – among them, Dr Klaus Töpfer, former German Minister for the
WCPE “Preview” Features Carolina Ballet’s Robert Weiss
WCPE “Preview!” Features Carolina Ballet’s Robert Weiss Interview with Artistic Director Airs May 11 WAKE FOREST, N.C. (May 9, 2008)—TheClassicalStation.org announces today that its weekly program “Preview!” will feature an interview with Robert Weiss, artistic director of the Carolina Ballet. The interview can be heard during the station’s Sunday, May 11 program that runs from 6-9 p.m. ET. Weiss will discuss the Ballet’s new production of “Sleeping Beauty” with WCPE’s