Entrepreneurial skills cannot be taught; they are in-built. Once an entrepreneur, always an entrepreneur, they say, don’t they? Being a serial entrepreneur comes with its own perks and challenges. It does sound exciting to keep starting new ventures, selling them when they give your profits and making a lot of money in the bargain.
Top 5 signs you are a serial entrepreneur
However, as we said earlier, being a serial entrepreneur is not everyone’s cup of tea. Do you really have it in you to become one? Watch out for these signs in your behavior. If you possess them, you are born to become a serial entrepreneur!
1. You are restless
A serial entrepreneur can never feel “settled” in his business, regardless of how successful his business is. He will be all-heart while setting up his venture and facing the challenges to make his venture a profitable one. However, the minute it becomes smooth and successful, he will be on the lookout for other challenges. Are you one of them? If yes, you have everything in you to become a successful serial entrepreneur.
The curiosity and the interest to try newer, more complex and riskier challenges will always dominate your emotions. Once one your business ventures have settled down in a financially well-off position, you are inclined to implement one of these two actions – sell it to another agent and make a lot of money from the deal or hand over the control of your venture to able hands so that you can focus on riskier and meatier objectives.
2. You have too many talents
The point that we have mentioned above about you being restless stems from the fact that you have too many talents. You may be great at different skills such as marketing, public relations, advertising, web designing, social media promotions and the like. With your multiple skill-set, it is only natural that you would want to keep trying new ideas so that your skills are put to maximum use.
You want to explore new challenges because of your wide knowledge in a variety of areas. Since you have too many talents, you are highly motivated, and you spread on the same enthusiasm to your teammates as well so that you can work towards the new venture with great morale.
3. You made money as a kid
One of the most trademark characteristics of a serial entrepreneur is the ability to make money even as a kid. Most of these people are able to make a reasonable sum even before they finish their formal education. They love challenges, and they are blessed with multiple talents. They can understand the health of a venture even before they start it. They start in a jiffy while they are still at college or school (they choose the niche very cleverly, keeping in mind the trending niche of those times) and sell it off when they find takers who are interested in their project for a sizeable sum.
Don’t be surprised when you see young geniuses investing in luxurious properties and cars even before they get their degrees. Some of these youngsters are so successful that they drop out of school or college to pursue their passions. The best character of serial entrepreneurs is that they don’t give importance to the money they earn. They don’t feel settled even they have received a good pay-out in their teenage. They keep looking out for newer challenges to explore and conquer.
4. You fear regret more than failure
As a serial entrepreneur, one thing that you would fear most in your life is regret! You wouldn’t want to waste any opportunity that comes knocking at your life. You wouldn’t want to waste chances and crib about losing out easy wins. Since you are highly talented and are very curious, you will keep on trying new business ideas (sometimes you will try them out simultaneously, too!) and you wouldn’t care about the results.
If you fail in one project, you will swiftly move on to the next without wasting much time, as you are eager to try out different ideas. You would treat every failure as an opportunity to learn, which is precisely why you will regret deeply if you missed out the chance to try out new ideas. Success and failure don’t matter to you; what matters to you the most is making use of every chance that comes your way, even if it means that you have to cross a few obstacles to try out these chances.
5. You try few ideas at once
Being a serial entrepreneur is not an easy joke; it means you should be ready to invest yourself fully into each of your ideas and ventures. Every project is like your baby, and you should give it your 100% care and dedication. However, the curious cat in you will never allow you to concentrate on one idea at a time. Serial entrepreneurs are those who don’t mind trying out different ideas simultaneously.
For example, a serial entrepreneur is one who would think of ideas to promote his business on social media accounts such as Facebook and Twitter, even while he is already involved in designing his business webpage. He would always look at the big picture in mind and implement as many ideas at the same time as he can, to reach his objectives. Failure doesn’t intimidate him at any cost. He is talented enough to implement more than one idea at the same time and succeed in most of them.
Top 5 signs you are a serial entrepreneur Conclusion
Do you recognize all or a few of these characteristics in you? If yes, you have the serial entrepreneur gene in you. It is quite common to find entrepreneurs in this world, but it is rare to spot the serial entrepreneur types. The ability to know when to come out of a project and focus on the other one is rather surprising, indeed! If you are hungry for more and never satisfied or settled in your current business venture, you are on the right path to becoming a successful entrepreneur. Good luck with your projects!
Frequently Asked Questions:
What is a serial entrepreneur?
A serial entrepreneur is someone who starts multiple businesses over their career. They may develop an idea, create a company, sell it or move on to a new project. Serial entrepreneurs are known for their ability to identify opportunities, take risks, and successfully launch and grow businesses.
What must an entrepreneur do after creating a business plan?
After creating a business plan, an entrepreneur should take action to implement their plan. This may involve securing financing, identifying resources and suppliers, building a team, and developing a marketing strategy. The entrepreneur should also be prepared to adapt and change the plan as needed.
What is a main reason why entrepreneurs experience daily stress?
One main reason entrepreneurs experience daily stress is the pressure to succeed and meet financial goals. Entrepreneurs often invest significant time, energy, and resources into their businesses and may face uncertainty and risk. Additionally, the fast-paced and competitive nature of entrepreneurship can lead to long work hours, decision fatigue, and balancing competing demands.
Hello, my name is Idammah, and I am the founder of Wolfionaire.com, a personal development, and finance blog focused on motivation, success, and wealth. I am obsessed with studying the world's wealthiest individuals and learning about their path to success. I believe anyone can achieve their financial goals with the right mindset and strategies, and I hope to inspire and empower my readers to pursue their own path to success.
