The Serial Micropreneurship Model
The Serial Micropreneurship Model
For the Micropreneur, the "start over" option doesn't necessarily mean selling or abandoning their existing business. Instead, it can mean adopting the Serial Micropreneurship Model, a strategy for building a portfolio of small, profitable, and highly automated businesses.
The Difference from Traditional Serial Entrepreneurship
A traditional serial entrepreneur typically starts a company, grows it, sells it, and then moves on to the next one. This is a linear process that requires a full-time focus on a single venture.
Serial Micropreneurship, on the other hand, is a parallel process. Because a Micropreneur's products are often in small niches and are highly automated, it's possible to run multiple businesses at the same time.
The Front-Loaded Effort
The effort in this model is front-loaded. It requires a significant upfront investment of time to build the product and to automate the marketing, sales, and support processes. However, once a product is on "auto-pilot," it requires a minimal amount of ongoing maintenance, freeing up the entrepreneur to start the next venture.
This model allows a Micropreneur to:
- Diversify their income: By having multiple streams of revenue, they can reduce their risk.
- Explore new ideas: They can pursue new product ideas without having to abandon their existing businesses.
- Create a scalable lifestyle business: They can build a business that provides a significant income without requiring a full-time commitment.
The Serial Micropreneurship Model is a powerful way to build a resilient and flexible business that is tailored to the lifestyle goals of the entrepreneur.