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Serial Entrepreneurs: Why Most Are Disinterested in Cash


Are you aware {that a} overwhelming majority of businessmen, at the least 30% of them, are serial entrepreneurs? And what’s fascinating is that almost all serial entrepreneurs are disinterested in cash. They view it as a essential evil that will get in the way in which of their desires. Though they perceive that it’s the inspiration of a profitable enterprise, they need greater than cash can present.

They don’t actually care about cash as a result of they’re in love with the journey that results in it — beginning and rising ventures.

They need to have the ability to work on their enterprise full-time and see it develop with out the stress of economic pressures. Let’s dive deeper behind the thought technique of serial entrepreneurs and discover out why cash comes second to them:

5 Causes Why Most Serial Entrepreneurs Aren’t Primarily Occupied with Cash

1. They’re keen about their business.

Within the enterprise house, ardour performs a key position in reaching success. It’s the gas that retains them going by way of the arduous occasions. It’s the explanation why they maintain going when the going will get powerful. When somebody’s keen about their business, it’s simple to place all different issues apart and give attention to the enterprise.

You’ll at all times have extra power whenever you’re keen about what you do as a result of it makes it simpler to stand up early within the morning and work. You’ll additionally discover it simpler to cope with rejection and setbacks as a result of you’ve got one thing to work in the direction of. That is precisely what makes a serial entrepreneur. They’re keen about their business, and so they maintain increase companies in that house to resolve a number of issues.

As an example, Mark Zuckerberg is keen about social media. Because of this, he stored constructing and investing in ventures that developed the social media business starting from Fb to Whatsapp, Instagram, and extra.

2. They love the method greater than earnings.

A serial entrepreneur loves the method of beginning and operating a enterprise greater than she/he loves the cash. Many serial entrepreneurs would reasonably work on their enterprise full-time and see it develop as an alternative of repeatedly discovering methods to spend the earnings it brings. They don’t actually care about wealth era as a result of they’re in love with the journey that results in it — beginning and rising ventures.

They’re tireless souls who don’t need to cease and benefit from the riches that earnings deliver.

They’re those preferring to maintain engaged on their enterprise reasonably than spending time partying and having fun with the fruits of their labors.

3. They benefit from the thrill of risk-taking.

Most individuals will not be risk-takers particularly relating to beginning a enterprise.

However for a serial entrepreneur, risk-taking is a part of the sport. It’s what makes her or him stand out from the group. They do notice that cash is critical for them to outlive however beginning a enterprise and scaling it’s not about that. It’s their adrenaline rush, a shot of dopamine, that will get them the calm as a result of different issues can’t.

They thrive on risk-taking.

It’s their mind, which is wired in a means that they benefit from the dangers and the joys that comes with them when beginning a enterprise. This is rather like bungee leaping or paragliding, which gives the candy rush of adrenaline that makes you’re feeling invincible. That’s how serial entrepreneurs really feel once they take the dangers of beginning companies from scratch.

4. They love studying and rising as an individual.

Serial entrepreneurs are at all times studying. They’re those who by no means cease studying new issues about their enterprise, their business, advertising and marketing, social media, gross sales, and extra. They’re consistently rising and bettering.

Serial entrepreneurs know that success is just not solely in regards to the cash they make but in addition in regards to the individual they turn into alongside the way in which. In the event that they fail, they’ll study one thing from it and transfer on.

5. They get bored doing the identical issues.

Many serial entrepreneurs begin a brand new enterprise out of boredom. They work on one startup, and when their routine turns into monotonous, they hand it to their managers and begin a brand new enterprise. They do that as a result of they can not thrive in the identical business, promoting the identical merchandise and serving the identical buyer markets.

Entrepreneurs dislike being caught behind a desk. They expertise completely different enterprise fashions, meet with completely different individuals, and benefit from the course of.

So Are You a Serial Entrepreneur?

These are at the least a number of prime the reason why serial entrepreneurs are disinterested in cash. Nevertheless, you could have to resolve whether or not or not you’ve got the identical mindset. Serial entrepreneurs are a breed aside. For them, cash is one thing that comes as a by-product of their work, not the driving motivation.

Entrepreneurs might discover it difficult to remain targeted on making a living over the long run. Nevertheless, they do benefit from the thrill of success and the satisfaction that comes with studying and rising as an individual.



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