One of the most common terms in the high-tech world is "serial entrepreneur." These are the people who just left one venture and, without taking a breath, moved on to their next one. Thanks to the extensive experience and knowledge they have accumulated, they are able to consistently establish start-up companies and sell them for tens - even hundreds - of millions of dollars. Related: 4 Reasons To Quit Your Job To Be An Entrepreneur These entrepreneurs have developed a method that proves itself time and again, so they know exactly what to do to establish their next start-up. However, sometimes even serial entrepreneurs fail and are forced to close their companies. That said, this scenario is uncommon compared to entrepreneurs at the outset of their first venture. In this article, I will review the 10 components you need to focus on in order to succeed as an entrepreneur:

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