A serial business owner is an individual who begins mainly multiple upwardly mobile businesses and moves on to the next, either whenever a new management team requires control, or if the business becomes lifestyle in nature. Because serial business owners have experience with multiple businesses, they tend to be bigger risk takers than those that have started only 1 enterprise.
As a consequence, their experience better positions these to respond to problems and also to avoid failure over time. Many have learned from past errors. A serial business owner will typically always work for themselves, and employ others. A multipreneur is an individual who pursues multiple upwardly mobile and/or lifestyle business activities as a portfolio, either serially or in parallel.
These activities can be within one business, such as new product and/or service collection extensions, new product and/or service lines, new marketplaces, or new business units; as new related or unrelated businesses; or as varied careers. A multipreneur may move from being self-employed to working by others to being self-employed again.
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An individualpreneur is a concentrated multipreneur. Multipreneurs (and therefore individualpreneurs) include solopreneurs (people who work alone), webpreneurs (those doing business mainly on the internet), and may be employed working for others in parallel or between their entrepreneurial endeavors. Because a wedded couple can file a joint individual tax return, the notion of individualpreneurship reaches both couple (and their dependents as appropriate). This is notion is consistent with the concept of families pursuing many income generating activities through the agricultural age group, such as farming, glassmaking, metalwork (smithy), needlework (weaving), stonework (masonry), and woodwork (carpentry).
Thinking and behaving as an “individualprise” helps an individual perform better, not only as an business owner/business owner, but also for an company, especially within an executive capacity. It is because they understand the concepts of income expense and generation, asset, liability, and capital management. They should have a broader understanding of legal also, finance, recruiting, information technology, business development, and functions activities. For visionaries in the corporate world, intrapreneurial capabilities are also important for enacting and responding to change.
For many careers, there is a lifecycle from value-added to product work over time. As jobs become commoditized, they are often outsourced to scale providers who perform the tasks at less expensive. Thus, to keep the economy healthy, it is necessary to provide for capital formation in new innovative businesses that generate new job opportunities as the old careers erode.
Both serial business owners and multipreneurs who see and pursue multiple opportunities for invention help keep the economy healthy. Typically for each one innovative job produced by an entrepreneur, there are extensive support and infrastructure jobs generated, either in the same business, or in related. Those seeking work positions where such a lifecycle exists must recognize that a job search is a advertising campaign just as a business would adopt.
Therefore, it must be treated as a result by the working job hunter if a reasonable result is that occurs. Thinking as an enterprise, the individualpreneur is more likely to achieve a satisfactory result in a job search because they are aware of the necessity to add value and promote it as a result in the marketplace. Individualpreneurs appreciate the benefit of business relationships and networking, and the value of recommendations. Individualpreneurship is a discipline for building an individualprise for a sustainable self-reliant career.