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Checking Out Serial Entrepreneurship From The JT Foxx Viewpoint

by Marcus Newman

If you have just started your company, you most likely have set your eyes on achieving your vision - allocate your resources efficiently, acquire customers, market your services and products, and finally, collect the profit. An excellent plan if business would always be like that for like maybe, the subsequent number of years.

But suppose for the next four months people suddenly lost interest in your products? It will be even worse if you have fast-depreciating capital and the money you put in was a loan. Wealth Coach JT Foxx addresses this problem with his encouragement in taking your business plans a notch higher - by understanding the basics of Serial Entrepreneurship.

Understanding Serial Entrepreneurship

When you start a business, you are just concerned with the goal of keeping the business alive and maximizing profit generation as much as possible. Even for just the part of keeping the business standing, you will find that your hands are already full and that 24 hours a day is not enough to accomplish all the things needed.

Serial Entrepreneurship is a business move where a single business owner has different business ventures operating simultaneously. For example, you can be the owner of a series of pharmaceutical stores, a manufacturer of analgesics, and also owns a package forwarding service all at the same time. This setup is what coaches like JT Foxx promotes as an ideal business model.

JT Foxx stated that you don't need to be present physically at each business' site as long as you got a hands-on knowledge in all of the businesses' working processes up to the tiniest detail and you got honest and competent managers and employees. All you have left to do is to see to it that all your businesses are following your predetermined mission and vision.

The Advantages And Disadvantages Of Serial Entrepreneurship And What Business Coaches Like JT Foxx Could Do About It

Of course, there are pros and cons to the Serial Entrepreneurship model as enumerated below, and after determining these facts, we can now see where the assistance of Business Coaches like JT Foxx is needed the most.

Advantages:

* Budding entrepreneurs will surely have a hard time with this setup. Even JT Foxx will surely suggest learning the ropes of one business at a time first and from there start to grow roots and branches to other ventures.

* Businesses in line with different industries will not fall together in case of an industry breakdown.

Disadvantages:

* Budding entrepreneurs will surely have a hard time with this setup. Even JT Foxx will surely suggest learning the ropes of one business at a time first and from there start to grow roots and branches to other ventures.

* There is a possibility of running out of capital especially if the first venture failed even before the second venture gets its grips. Before reaching this situation, it is wise to employ the help of Business Coaches like JT Foxx to help you manage the impact and rethink your strategies.

Jumping into Serial Entrepreneurship is a slow-moving process and must be taken one step at a time. And when you did find the courage to start as a Serial Entrepreneur, rest assured that Business Coaches like JT Foxx are happy to help.



<a href="http://www.jtfoxx.org">JTFoxx</a> is here to give and serve you because together, we have been the total amount saved in each other's success. Have a look at <a href="http://www.jtfoxx.net">JT Foxx</a> if you are able to join me in this particular fight to stand above an ever-changing market economy.

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New Unique Article!

Title: Checking Out Serial Entrepreneurship From The JT Foxx Viewpoint
Author: Marcus Newman
Email: adsites@uberarticles.com
Keywords: management,marketing,business,blogs,careers,finance,investment,sales,entrepreneurs,wealth building
Word Count: 542
Category: Marketing
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