Advice for Repeat Business Owners Entering a New Market by Andrew Jonathan Hillman

1. Advice for Repeat Business Owners Entering a New Market by Andrew Jonathan Hillman Although the phrase “serial entrepreneur” isn’t often used in business contexts, Andrew Jonathan hillman, American serial entrepreneur and investor with more than 30 years of experience thinks that some people are suited for that line of work. A serial entrepreneur is a businessperson who continually develops fresh concepts and launches new ventures. Unlike the usual entrepreneur, who will frequently have a single concept, establish the business, and then see it through and have a significant role in the ongoing operations of the business.

2. Andrew, a serial entrepreneur, is aware of how difficult it is to leave the security of a successful company and plunge into the chilly waters of beginning a firm once more, much less in a different industry. Here are a few essential resources to aid anyone with the similar inclinations out there. 1.Pay others and utilize platforms : This key is necessary if you are determined to maintain control of your lucrative business even as you expand into uncharted area. Different industries now operate much more easily thanks to the internet revolution. Particularly in fields like marketing and social media management, platforms and freelancers are quickly establishing themselves as standard. The widespread use of the internet has, however, also significantly digitalized business operations, and few individuals are considering hiring full-time IT workers at the beginning of a new organization. For a small cost, a variety of platforms run by businesses and independent contractors will assist you in positioning and marketing your company. Andrew discovered that websites like Yelp are very helpful for generating favorable social reviews that clients can use as references and add to. 2.Prepare for surprises, and develop a thick skin : Andrew won’t mislead you into thinking that launching a new company is simple; it can be exhausting. It suggests venturing into unknown land. While conducting market research and asking questions are both very important, Andrew has discovered that they cannot fully prepare you for the specific difficulties you will encounter.

3. 3.Do different things or do things differently: You must be careful to make a statement if you are starting a new business. Ideas are strange in that nobody really owns them. Last year, Andrew recalls entering a retailer to introduce his product. He was overjoyed that it was a distinctive item. She asked, “anything like that?” while pointing to a product on display behind him, midway during his chat with the manager. Naturally, Andrew had to go back and improve his product’s distinctiveness before putting it on the market. Every serial entrepreneur must deal with a certain amount of divided attention; nevertheless, you must be careful that it is over something worthwhile and not just something you do frequently. 4.Create firm structures to maintain focus : Every successful serial entrepreneur must unavoidably learn how to delegate. The best method for success in serial entrepreneurship is delegation. Find trustworthy people, or develop trust with the ones you already have. Find people who share your goals and values, and offer them a chance to fail and grow. Systems that provide you time to develop fresh concepts and execution plans are necessary. It frequently entails giving up a portion of your income to pay salaries, but if you’re serious about being a serial entrepreneur and creating an empire, you have to be prepared to make this sacrifice.