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Old 07-14-2015, 09:11 AM
 
Location: TN/NC
34,902 posts, read 31,006,838 times
Reputation: 47263

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I was thinking of a former classmate of mine a few days ago who is a serial entrepreneur and only in his mid-late 20s. He's founded multiple companies, each of them with incredible success, and he's made enough money to retire.

What differentiates people like this, who found and run multiple successful companies, from the rest of us? He is extremely intelligent and technically proficient, and has essentially made all of his money in five years. As far as I know, he never attended college, and projects went from free, to a couple hundred dollars, to a couple thousand, he had to hire, etc, and the businesses grew exponentially.
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Old 07-14-2015, 09:54 AM
 
Location: Brentwood, Tennessee
49,932 posts, read 59,693,231 times
Reputation: 98359
Very high tolerance for risk.
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Old 07-14-2015, 10:45 AM
 
379 posts, read 357,494 times
Reputation: 842
I think a lot of serial entrepreneurs are unemployable people who are also ambitious. That is also why they are 'serial' entrepreneurs. They can't even stick with the companies they themselves started, once it starts seeming like a regular job.
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Old 07-14-2015, 02:11 PM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,251 posts, read 80,480,482 times
Reputation: 57177
I know a guy like that too, a millennial. After making his first million he gave it up (sold it) and traveled the world until the money ran out, then started another business. Then repeated. Now on his 3rd company, and is also making a few bucks as a motivational speaker at age 28. With no wife or kids, he has responsibility only for himself, so he may as well do what makes him happy.
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Old 07-15-2015, 06:22 PM
 
Location: Florida
1,904 posts, read 1,036,541 times
Reputation: 1950
What kinda business you gonna start with 2k ????

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Old 07-16-2015, 12:07 PM
 
25 posts, read 19,162 times
Reputation: 47
Another ghost poster on a good topic. What happens to these people?
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Old 07-16-2015, 12:46 PM
 
Location: USA
6,230 posts, read 6,899,656 times
Reputation: 10778
I look at people like this in total awe and admiration. But I'm someone who has never made more than a few dollars above minimum wage my entire life.
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Old 07-16-2015, 01:15 PM
 
25 posts, read 19,162 times
Reputation: 47
Someone actually said there are businesses you can start for 2k??

Where?
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Old 07-16-2015, 01:48 PM
 
Location: Southern California
12,713 posts, read 15,442,840 times
Reputation: 35511
Quote:
Originally Posted by Jackie Mcpherson View Post
Someone actually said there are businesses you can start for 2k??

Where?
Hey there, I noticed you while parking my car in the WalMart parking lot. Do YOU like to make money? Are you tired of working for the MAN? I can let you in on a little secret called AMWAY. I use it to annoy my friends and family. Would you care to join?
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Old 07-16-2015, 03:27 PM
 
3 posts, read 2,182 times
Reputation: 17
OP: I would be interested to know the businesses you reference in your original post. What type of companies and in what industries/fields. Also, Hemlock140, I would be interested to know the same about your friend. Just really curious. This is an interesting thread!

Thanks!
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