The daily tedium, stress and uncertainty of being an entrepreneur is really a malady the majority of us are familiarized with . For business people usually, the most typical mantra may be a deviation on the concept, “Simply let me get the company on an even keel, and then I will get the relaxation and enjoyment my labors should have” . Against this foundation, the subject of the article may sound absurd, but in case you need to really stand above the crowd, complete all of the economic goals and realize your ambitions, the best approach might be  serial entrepreneurship.

I am certainly counseling dilettantism: You can’t be a dabbler in any pursuit and assume to be profitable . But once you’ve your very first business commencing fruitfully, capably,and and producing a predictable profit, why not employ management to substitute yourself, and proceed forward toward your following venture ? Exactly why ? The reply can be found in the historical past . Specifically, the history of the Medici family members within the Fifteenth Century, and also the key element to the numerous business successes .

The Medici’s were actually a political empire and banking family, which found their first success in the textile trade, even branched in to national politics, and eventually inspired the Italian Renaissance by creating an environment in which sculptors, artists, poets, financiers and smart business men shared ideas and built serial successes by joining order . The Medici Bank became one of the most profitable and respected institutions in Europe, changing the Medici family into a bastion of prosperity and prominence . The real main factor to the success, nonetheless, and with it the success of the city of Florence, Italy, wasn’t their genius or hard work, but rather the singular skills to exchange expertise from one area to another .

Several years back, a writer named F. Johannson, wrote a very short book entitled “The Medici Effect”. The book’s key thought was actually that if you step in to the junction between different professions, fresh and very powerful ideas may be made. In a business context, if you transplant the pivotal ideas and techniques you used in one profitable endeavor right into a totally different one, the outcome could be mind blowing . It’s possible that the first success was due to the innovativeness, origination, and persistence … and not to the industry-specific understanding. If that is correct, then morphing right into a new business is a distinctive way of capitalizing on these competence . In latest social media powered , online business environment, in which launching a fresh business, marketing and advertising it and creating traction could be accomplished at low costs and quickly, serial entrepreneurship really makes great sense .

Tags: online business, serial entrepreneurship, serial successes

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