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Serial Entrepreneurs – How to Pursue Multiple Opportunites [Infographic]

It seems that owning or running multiple businesses makes it far easier to take your place among the worlds richest. The gap between self-made serial entrepreneur billionaires and single-business billionaires is a around 8:1, emphasizing how important diversifying your cash flows can be. Virgin Empire founder Richard Branson’s first job was selling Christmas trees. NBA Dallas Mavericks owner Mark Cuban’s first job was selling garbage bags. Las Vegas Sands Corporation CEO Sheldon Adelson’s first job was selling newspapers. Groupon co-founder Eric Lefkofsky’s first job was selling carpets. And Elon Musk, the founder of Telsa Motors and PayPal, started his working life writing video games. A 2009 survey by the Kaufmann Foundation asked this exact same question. In their study, The Anatomy of an Entrepreneur: Family Background and Motivation they found:

  • 74.8% of respondents indicated desire to build wealth as an important motivation in becoming an entrepreneur.
  • 68.1% of respondents indicated that capitalizing on a business idea led them to becoming an entrepreneur.
  • 64.2% of respondents said they have always wanted to own their own companies.
  • 66.2% said the appeal of a startup culture was important.
  • 60.3% said that working for others did not appeal to them.
  • More than 90% of the entrepreneurs came from middle-class or upper-lower-class backgrounds and were well-educated
  • 95.1% of those surveyed had earned bachelor’s degrees
  • 47% had more advanced degrees.
  • 75% of the respondents ranked their academic performance among the top 30 % of their high school classes. 52% said they ranked among the top 1 %.
  • In college, 67% of the founders ranked among the top 30% of their undergraduate classes, and 37% ranked their performance among the top 10%.
All of these self-made billionaires have changed course scores of times. The infographic below, generated by San Francisco-based startup organization Funders and Founders, shows just how many different businesses these legendary entrepreneurs launched. Will You Be The Next Self-made Billionaire Entrepreneur? Why not? Let’s see =)

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Serial Entrepreneurs - How to Pursue Multiple Opportunites [Infographic]


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