As the name connotes, a “serial entrepreneur” is one who just can’t stop coming up with, and executing, new ideas for new businesses. While for most regular folks, such a zest for the entrepreneurial life borders on delusional, these guys love what they do. They could barely imagine living any other life.
However, just because they choose this path does not necessarily mean it’s an easy one, as many a wannabe entrepreneurs are mistaken to assume.
The following is an extract from a Q&A thread on Quora, highlighting the original question and the 2 best answers.
Someone asked under Startup Founders and Entrepreneurs in Quora
Why would anyone want to be an employee and not an entrepreneur?
One of the most difficult issues I’ve faced as an entrepreneur is looking smart people in the face and telling them to work for my company when I honestly have a hard time understanding myself why anyone would ever want to work for anyone else.
This is a huge catch-22 in my head: you want to hire the best people, but the best people would (and should) want to run their own businesses.
As an entrepreneur you have a bigger impact, you get compensated way more, you learn way more (you learn all the parts of the business instead of just one), you’re in control of hiring and firing (the boss’ job is more secure than the employee’s), and you tend to get all the credit (whether or not you deserve it).
It is also easier than ever to test ideas, and get some kind of business going with minimal capital/time investment. Downside is also limited as there are stronger methods now to mitigate risk (lean start-up). I can go on and on.
Gil Silberman responds:
David S. Rose corroborates:
You can read the full Q&A thread on Quora