Last year, entrepreneurialism in the UK hit a new high with 342,927 new companies being registered in the first six months of the year – equating to a somewhat astonishing rate of 80 new businesses per hour.
Many of those would have been new businesses being started by first-time owners; however, statistics suggest that a good deal of them will have been new endeavours by serial entrepreneurs.
A serial entrepreneur, as the name suggests, differs from a typical entrepreneur in that they’ll come up with ideas for and found multiple businesses. They may run some of these businesses simultaneously, though with a less hands-on approach, or move from one idea to the next in quick succession – passing on operational responsibilities to others as they go.
A recent Centre for Entrepreneurs study found that the number of businesses founded by serial entrepreneurs can vary hugely – from as few as two to as many as fifteen in some cases.
But what exactly does this mean in practice?
Wanting to find out more, I caught up with Freddie Talberg, whose most recent venture, Pie Mapping, was recently acquired by DPD to further fund and accelerate the product/platform development.
Freddie’s was the first IDEALondon start-up to be acquired, but not the first success story he’s enjoyed as an entrepreneur – and surely not the last.
We spoke about what it is that drives serial entrepreneurs to keep developing new ideas, and how to get through the sometimes-tricky ordeal of a company acquisition…
If you want to tuck into more of the ‘Tom Talks to…’ series, you’ll find all the previous instalments over on the Start-up Hub playlist on our YouTube channel.
So far, the series has covered industry predictions, media relations, start-up accelerator programmes, intellectual property law, crowdfunding, talent spotting and more.
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