Why Do Serial Entrepreneur Sell Their Business?

[Desireu30b]

You should start with what is the meaning of "Serial Entrepreneur" ?
A serial entrepreneur is a person who create, takes risk and start a business from scratch.
They learn about the business, runs it till it can produce residual income.
but the nature of their mindset is that they keep dreaming and keep achieving.
they sell of their business and go on to achieve more...

which one do you love?

 

[Bisolami]

You should start with what is the meaning of "Serial Entrepreneur" ?
A serial entrepreneur is a person who create, takes risk and start a business from scratch.
They learn about the business, runs it till it can produce residual income.
but the nature of their mindset is that they keep dreaming and keep achieving.
they sell of their business and go on to achieve more...

which one do you love?

Some people can no longer manage the business so they choose to sell it. Well, if I am in that position, I will just hand it over to someone who will be managing the business on my behalf and I will pay him or her well.

 

[Desireu30b]

Thank you so much @Bisolami selling my business is not too good i could give it to be managed by someone or i give it as a share to people while i still make money from it

 

[jetsaints30]

You should start with what is the meaning of "Serial Entrepreneur" ?
A serial entrepreneur is a person who create, takes risk and start a business from scratch.
They learn about the business, runs it till it can produce residual income.
but the nature of their mindset is that they keep dreaming and keep achieving.
they sell of their business and go on to achieve more...

which one do you love?

Serial entrepreneurs have that unique blend of courage and creativity. Starting from scratch and turning a business into something sustainable takes a special kind of determination and that ability to dream big and take risks, even after achieving success, is what sets them apart

 

[Carson20t]

So there is a serial entrepreneur and also there is what other type of entreprenuer?the idea of selling a businesses or selling shares has a lot of factors in place.Take for exanple Elon Musk was the initial owner of paypal and rumour has it that he has heavy ties to cryptocurrency more especially dogecoin.Come to think of it,it could be true since he has been heavily involved with Fintech to the point of once acccepting Bitcoin payments for his TESLA cars.

That being the case we realize that if you want to venture in other projects then there is nothing wrong in selling a healthy business,at times a business maybe healthy but you may not have the capacity to drive it to it's maximum potential.It would not be a bad idea to sell the business to those with a potential.So basically there good sides and bad sides of selling a business.But there many factors that can determine a sell or a keep.

Take for example Nokia did not want to sell but they at some point lacked imagination and innovation and they just had to sell. most of their stake to Microsoft.

 

[henrytuedor]

They know how to do well that is why they keep , on making new businesees rank and they sell them as they like when they thing they have made a specific business to a great height that is good for a set price in their mind .

 

[eldavis]

I guess they sell it off cause that's what they love doing or that's simply their field. Like let's take a church for example. We have an apostle, an apostle is to simply plant churches. Meaning they go to a particular location build a church there and grow it to the level it can stand on its own then pass it on to the locals in that area.

 

[moseschidera]

Maybe they sell it cause they no longer have the passion to keep the business running. We can't pinpoint one thing as the cause but all I know is that such kind of ventures can be stressful.

 

[Niyi Briggs]

Some entrepreneurs would have to sell their businesses because they find prospect in another business.

 

[nomad]

There is a lot of money in selling business. One of the safest business route is create a business, then sell it and mode on and start another business. This is a profitable business