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The journey of a serial entrepreneur: Launching multiple businesses with accumulated wisdom
An analysis by business data firm Coresignal reveals an interesting statistic: 35% of individuals who have started a new company within the past two years are serial entrepreneurs. This number is supported by his Hiscox report which found that 26% of entrepreneurs manage multiple businesses at the same time.
power of experience
Martijn De Wever, the man behind both Force Over Mass and Floww, is one such serial entrepreneur. Mr. de Wever, who has founded three separate companies, believes that his confidence and ability to lead new ventures is largely influenced by his previous experience. Conversely, James Kirkham, who started two advertising agencies 20 years apart, points out that while experience has its benefits, it often robs entrepreneurs of the boldness that comes with naivety.
lessons learned
Kirkham’s latest venture, ICONIC, builds on the lessons learned from his first agency, Holler. One such lesson is the importance of adhering to principles regarding customer relationships. Eric van der Kleij, a serial entrepreneur whose portfolio includes TransformBase and EdenBase, agrees. He emphasizes the importance of diverse perspectives and the need for capital from investors for entrepreneurial success.
The role of technology
van der Kleij also highlights the role that technological advances such as generative AI and low-code/no-code DevOps will play in facilitating subsequent entrepreneurship. The consensus among these experienced entrepreneurs is clear. The process of establishing an additional business is always complex, but those who are willing to learn from past experience and the insights of others are more likely to succeed.
Further emphasizing the impact of experience on new ventures, Ambitious UK Startup Report Sponsored by Starling Bank, the event highlights the important role of mentorship for startup founders. This report highlights the importance of experienced mentors who provide valuable insight, industry knowledge, and guidance to new entrepreneurs, especially in innovative fields such as agritech, AI, fintech, and medical technology. Masu.
Business support organizations, equipped with insights from experienced entrepreneurs, can help startups overcome initial hurdles, foster innovation, and develop a competitive position in the market. This support will help accelerate the growth and ultimate success of these emerging ventures.
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