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Keys To Success From 10 Serial Entrepreneurs

Starting up of a business and making it a successful one is really challenging. One that has a dream of starting a business or launching more than one companies really need some advice from serial entrepreneurs who already succeeded.

Here are 10 serial entrepreneurs who tell you their secret to success:

Identify and solve the gap:   “I believe the success of progressive entrepreneurship lies within … identifying and understanding the gap worth solving, the system-level technology or design to solve that gap and the business and financial intelligence to execute with strategic speed.” Hannibal Baldwin, co-founder and CEO of SiteZeus

Leverage your connections: “Our network can make valuable introductions, contribute financially and most importantly provide realistic, experiential advice. I maintain connections with past employees, colleagues, managers and other influencers in the multifamily space, and even now, I run business ideas and challenges by them for input.” Georgianna Oliver, founder and CEO of Package Concierge

Be resilient: “You need to be constantly thinking of how to enhance and grow your business because your competitors are doing the same. Remember that losing is not an option and when you’re in stressful situations, you’ve got to figure out ways to navigate and overcome the obstacles. If it was easy to be an entrepreneur, then everyone would be one. The best entrepreneurs need to be resilient and bounce back from anything.” David Goldin, president and CEO of Capify

Push yourself for new experiences: “At a young age I realized that I needed to keep trying, push myself and experience new things. It helped a great deal that I was also a good listener and learned to accept feedback and seek guidance from people I respected. With Breathometer [which was featured on Shark Tank], I have been able to gain access to people that I always aspired to follow — Mark Cuban, Richard Branson and the amazing people these great leaders surround themselves with.” Charles Michael Yim, CEO of Breathometer

Hire smart work: “I have served as CEO of a dozen companies and the majority have been in service to the small business. I wish there was a single north star, but some advice has fared true through it all. Hire smart, value work and stop meddling when you can. Stay attuned to your own perspective, as a slight change there affects all.” Dane Atkinson, CEO of SumAll.com

Lighten up: “We all have a tendency to think that people who seem superstressed and ultraserious are the most successful. In my experience, almost the exact opposite is true. You can inspire with fear and anger, but your tower of power is really just a house of cards. Keeping things in perspective and lightening up on a regular basis make you more approachable. When you need to get serious, the change in your demeanor will be a great unspoken cue to your team that it’s time to buckle down. But, try to smile a lot — it makes you feel better and makes people want to be around you more.” Scott Tannen, CEO of Boll & Branch

Wander into unchartered territory fearlessly: “There’s nothing more exhilarating than starting a new business and building everything from scratch — the processes, the team and the product. Learning new things is what really drives me, and I think there is never enough you can learn when you start your own business. I find the fast-paced nature of startups, and the freedom to make your own mistakes and take responsibility for them frightening but also very exciting. You need to have a personality that never gives up. You should not be afraid to wander into unchartered territory and to learn new things.” Ben Wong, vice president of marketing at Bindo

Build a solid executive team: Strong partners make a strong organization. Your startup also needs to consist of several layers of knowledgeable individuals, from the engineering team to sales and marketing. Build the team from the best and brightest to bring depth of knowledge and skill to the organization.” Ellen Rubin, CEO of ClearSky Data

Focus on creating new solutions: Serial entrepreneurship breeds intellectual curiosity. I like to think about it as innovation versus creation, where innovation is improving upon existing ideas and creation is starting fresh. Societal demands are constantly changing and technology is continually advancing. There is a gap that takes place in leveraging these technology changes to properly address new demands. Incumbents have a tough time quickly responding to these shifts because they are dealing with legacy systems and entrenched processes designed to serve their existing consumer base. Meanwhile, serial entrepreneurs are focused on creation and leveraging these technologies to create new solutions optimized to address the market need.” Jason Hogg, CEO of B2R Finance and senior lecturer at Cornell University’s Johnson School of Management

Enjoy the ride as much as the reward: “It’s thrilling and rewarding to start with a possibility and see your vision come together and turn into something with a life all its own. But start one business at a time. You really have to be ‘all in.’ I didn’t set out to create multiple businesses — I set out to create a business. You may get to where you feel it’s time to move on to the next thing for whatever reason, but until then it takes all your focus. You always have to be prepared for failure. Just because you were successful once doesn’t mean you will be the next time. You’ve got to be resilient and enjoy the ride as much as the reward.” Stephen Bradley, CEO of AuthorBee

Nicole Fallon : http://www.businessnewsdaily.com/8125-successful-serial-entrepreneurs.html

 

─ May 10, 2016