5 Signs You Might Be A Serial Entrepreneur
Entrepreneurship is a skill that cannot be taught. Either you have it, or you don’t. Now you might consider yourself as an entrepreneur. The question that you need to ask yourself is you a traditional entrepreneur or a serial entrepreneur. The serial entrepreneur has characteristics that are very different from a traditional entrepreneur.In case if you are thinking of what is serial entrepreneur, then its someone who never gives up. A traditional entrepreneur might give up, but serial entrepreneurs will fight the battle till the last breath. This is the reason; why this article will enlighten you about 5 main signs of a serial entrepreneur.
Traditional and serial entrepreneur
In my experience, I have seen people who have thought of the idea, launched the idea in the market. Ran a successful business for quite some time and have failed miserably in the later stages. The reason being they did not think of a backup plan. such kind of people is known as a traditional entrepreneur. In other cases, I have seen people who have broken down in business failure and resurrected since they had a backup plan. Such type of people was known as serial entrepreneurs.
SIGN 1: YOU HAVE A RESTLESS ATTITUDE
If you are someone who is constantly searching for ways to profit and increase your income. Then you are a serial entrepreneur. A serial entrepreneur will always look for a side business even if the individuals have an ongoing successful business. In my experience, I have seen people who person who has famous restaurant chain but still tried to become an artist on YouTube. This means if in time if the business the person's food chain fails in the market, the person will never run out of money since the person has already formed a side business known as the YouTube. The curiosity to take challenges and risk is one of the great traits of becoming a successful entrepreneur.
SIGN 2: YOU ARE TOO TALENTED
A successful entrepreneur is filled with talents. For example, a content writer might be able to design a project and perform incident response. Let’s say a content writer is doing his usual day at his office. Suddenly he watches a suspicious activity on the company’s system. Since the content writer is loaded with other talents than writing, he will able to manage the risk and avoid the company from running into a loss. In conclusion, a serial entrepreneur uses his talents to its full potential to increase the sales and visibility of the company.
SIGN 3: YOU MADE MONEY EARLY
There are a lot of young kids who have already been successful. For example, I have seen a kid make millions of monies by selling customized shoes. The kid became an online retailer and started selling customized shoes with Amazon. With a years’ time, the kid became a millionaire. So, there was a time when you made money out of nothing; then you have entrepreneurship spirit in you. In addition, I have seen college dropouts build an empire of themselves without having basic education like being a graduate. From this above information, it is clear that all you need is an optimistic attitude and a groundbreaking idea to succeed.
SIGN 4: HAVING THE FEAR TO FAIL
All the studies on how to become serial entrepreneurs have come to one singular conclusion. All have stated that without fear, there is no entrepreneurship. Now please note that by far, I don’t mean an entrepreneur should not take up new challenges in life. I mean the fear of failure should be enough to make you succeed. For instance,let’s say a person is trying tom open up a mobile company. The person does no market reason, talks to no investors for funding, doesn’t decide a marketing strategy. The person only wants to launch mobile company. This kind of carefree attitude will never make him successful. Now imagine the situation if the person is fearful of starting his business. in his mind, the person will constantly think that he has invested so much time and effort coming off with the idea. So, he will try very hard to have a very good market launch. This kind attitude of fear will make him very successful.
SIGN 5:TREATING EVERY WORK AS YOUR LAST
This means you should treat every work with care and attention. Realize all successful entrepreneurs have treated every project as their last. This is the reason every project has been so successful for them. If they had not given the proper dedication and attention to their work. Do you really think they would have been so successful? the answer is a resounding no. Serial entrepreneur are people who are constantly trying new ideas. For instance, if the serial entrepreneur sees that a particular client website is not generating enough traffic, then the serial entrepreneur will think of the idea of changing the format of the current website into an interactive website. Since interactive websites have less bounce off rates.
ADDITION SIGN
Now, this sign is given, so that you don’t feel that this article has limited the information. Besides these five main signs. There is one special sign that needs special attention. This is known as a leadership skill. A lot of startups or successful business have failed since they did have an employer that followed proper leadership style. Authoritative leadership style has always failed since it was very selfish and thought of only oneself. Whereas supportive leadership thinks of everyone and the mutual benefit. So, if you are someone who takes decision by consulting others and treat your teammates with respect and appreciation. Then you might be an ideal serial entrepreneur.
FINAL WORDS
All the formation that are stated above will give you a clear idea about your behavioral qualities. since by reading this information, you would know that whether you have a serial entrepreneur spirit or not. Go through them carefully and relate them with yourself, if you think that match then you are definitely a serial entrepreneur.
