“Millennials are widely challenging the notion that entrepreneurs hang up their boots and retire after just one business. Entrepreneurs are starting businesses younger and have faster expectations to sell - these factors together with longer life expectancy means we are starting to see a new breed of serial entrepreneurs. Instead of starting businesses from scratch, more of these seasoned business owners are now investing in and mentoring a portfolio of companies. There is huge untapped potential for serial entrepreneurship and the role of experience seems invaluable to success. Unlocking that further could provide significant economic benefits.”
“To go beyond the first business can be an entirely different challenge to being a one-time founder. We wanted to create a report that explores the motivations, fears, and ingredients for success that surround serial entrepreneurialism. Our report delves into the role of luck, the attraction of multiple projects, and attitudes towards risk, but also indicates areas for growth: how do we encourage more women entrepreneurs? Should we remove the stigma around closures? It’s food for thought and a glimpse into Britain’s entrepreneurial mindset.”
Entrepreneur case studies detailed in the report include:
- Dan McGuire, founder of Broadbean, an innovative job advert platform, and cube19 a business intelligence platform
- Jeremy Furniss, partner at Livingstone an international mid-market Mergers & Acquisitions and Debt Advisory firm where he advises entrepreneurs on selling their businesses
- Mark Hogg, founder of IFE Services and Oceans TV, market leading in-flight and cruise ship entertainment while his latest businesses invest in biomass and solar power technology in Africa and the UK
- Paul Atherton, serial entrepreneur investing in university spinouts. His latest venture is an ambitious battery company.
- Rachel Bell who has founded and run multiple businesses in marketing and communications including Shine, Mischief, John Doe and Stoked PR
- Shamus Husheer founder of various separate businesses in chemical, medical, instrumental technology, finance and fashion sectors
For more information including the full report and potential interviews with the entrepreneurs profiled, see contact details below.