Top 6 Real Estate Investing Books for BeginnersĮToro is a multi-asset investment platform.15 Highest-Rated Crypto Books for Beginners.10 Best Stock Trading Books for Beginners.How to Buy Stocks? Complete Beginner’s Guide.15 Top-Rated Investment Books of All Time.What is Investing? Putting Money to Work.It may seem like a simple task to outsiders, but the mere fact that only a handful of these multiple-business founders are successful suggests that it may not be as easy as it looks. In addition, serial entrepreneurs are highly innovative people with special skills crucial to assembling all the ingredients necessary to start a business, implementing them, and scaling the venture to profitability. Either way, as long as someone has more than a couple of successful ventures to their name, they qualify to be referred to as serial entrepreneurs. Sometimes, the business owner might come up with a money-making idea, launch the business, scale it, and exit before moving on to the next venture. The businesses don’t need to be started and run concurrently. The term ‘successful’ is important in this definition since establishing many businesses that fail does not constitute someone a serial entrepreneur. Ultimately, it is part of the risk involved in pursuing a dream.Īs defined by the Oxford Dictionary, an entrepreneur is someone who “makes money by starting and running a business,” while the meaning of the word “ serial” is “ doing the same thing, in the same way, several times.” In combination ( Serial Entrepreneur), these words mean someone who makes money by establishing and operating many successful businesses. Some of the handful that tries it end up wiped out emotionally, physically, and financially due to their efforts. It is an arduous journey, from the conception of an idea to the establishment of a thriving business. The most significant difference being their resolve and passion for wanting to see their ideas come to fruition. These people are entrepreneurs, and they have distinct characteristics that distinguish them from wantrepreneurs. There’s a small percentage of individuals that will go ahead to assemble the resources necessary to start their businesses. These individuals are referred to as wantrepreneurs. Most people have great business ideas, but few ever muster the courage to follow through and try to actualize them into successful business ventures. eToro USA LLC does not offer CFDs, only real Crypto assets available. The value of your investments may go up or down. So don’t mix this sh*t up.EToro is a multi-asset investment platform. That is a talent that very few of us have. People like Branson, Oleg Tinkov, Elon Musk and several less known are Serial Entrepreneurs – they have built big businesses in unrelated fields. But doing many different things without a single decent-size success and calling yourself “Serial Entrepreneur” is bullshit. Let’s be clear – those are not Serial Entrepreneurs, those are energetic project managers that should work in a project management department of a big company – new sh*t every day, work on it a little bit and move on.Īnd I am not saying there is anything wrong with having started a few things in business that didn’t go well because they provide experience and awareness. Or even worse, they try to do like 5 different “businesses” at the same time, because otherwise it is just too boring. They jump from one cool idea to another, build like 3 people teams, talk about ideas instead of execution and do it over and over again. Meanwhile, the reality is that a lot of times building a business is very routine, very basic and sometimes boring and slow.Īnd that’s why you have the “Serial Entrepreneurs” –people who cannot persistently work on a single business/project to scale it and make it big. And every day needs to be super crazy and super different. They are too cool to deal with operations and daily issues, they need a grand problem to solve every day. If you have ever really built a business from scratch, you know that it takes years and years of daily work to build something significant and meaningful.īut what happens often is that a certain characteristic totally dominates some entrepreneurial people and this characteristic is called ‘’a need for variety’. The problem is that most of them are full of sh*t. Have you ever wondered about the resume titles of the self-proclaimed business people that have “created 20 businesses in the last 10 years”? The Serial Entrepreneurs?
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