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The Best Serial Entrepreneurs: How to Find Them and What Makes Them Successful

Why do some business owners start and run multiple businesses? Why can they tackle so many distinct duties at once when other business owners can only do one? The first step toward becoming the next young billionaire is to identify a mentor who is a serial entrepreneur and can provide you with the tools to be successful in a wide range of ventures. Here’s what you need to know about finding and working with your own serial entrepreneur, as well as how to identify successful ones and how they differ from other kinds of entrepreneurs.

Serial entrepreneurs are those who have started and managed many businesses, and they tend to be bold individuals who aren’t afraid to try new things. Entrepreneurs that create a large number of enterprises often have ambitious goals are devoted to their job, and are skilled at developing new relationships. The most successful serial entrepreneurs may be found in Silicon Valley and other innovation hotspots such as Austin, Texas. Those with great ideas and the will to see them through are drawn to these places because of the thriving start-up culture.

Businesses started by serial entrepreneurs tend to focus on fast-growing markets that have a high need for new approaches. Serial entrepreneurs are a special breed. They think like company entrepreneurs, always looking for new opportunities. They are also risk takers, with all the benefits and drawbacks it involves. It is the ability to bounce back from setbacks that distinguish serial entrepreneurs from other business owners. Their failures may seem like defeats, but in reality, it’s part of the learning process that helps them grow as entrepreneurs.

Serial entrepreneurs hope to learn from their failures and apply that knowledge to future endeavors, increasing their odds of success. They often take risks because there’s not much point in playing it safe when you want to grow your business into something bigger. Carter Reum spent four years and a lot of money figuring out he didn’t need a college education. Carter’s father promised him that he could finish school anytime he wanted, but he didn’t want to just now.

Which leads us to the question: where do we locate the most successful repeat business owners? Start by following industry leaders like Carter Reum. Reum has blogged about his experiences working with entrepreneurs, and he has helped fund some of Silicon Valley’s most successful start-ups. He also speaks with successful businesspeople who have started and run multiple companies. Looking through online news articles for success stories, particularly those of entrepreneurs who have found significant success after founding numerous successful enterprises, may also generate success stories.