This is a subject so interesting that even the researchers at the top-ranked business school Whitman School of Management at Syracuse University in New York were tempted to do a study on it. In their paper titled “Habitual Entrepreneurs: Possible Cases of Behavioral Addiction?“, they mentioned that habitual entrepreneur, those who launch multiple startups throughout their careers, display symptoms of behavioural addiction similar to other better-known behavioral addictions, such as gambling or Internet usage.
Well, is it really atypical of entrepreneurs to be addictive? If they weren’t obsessed, would the world have witnessed the rise of Bill Gates, Mark Cuban, Donald Trump, Elon Musk, Vani Kola, Vinod Khosla, Kunal Bahl, K.Ganesh, Manu Aggarwal and the likes?
Who Are Addictive Entrepreneurs?
In entrepreneurial terminology, the addictive entrepreneurs are better known as ‘serial entrepreneurs’. These are the people who are simply in the love with the idea of being an entrepreneur. Their previous success or failure and ups and downs do not necessarily mar their determination to give birth to multiple businesses.
You can also substitute addiction for the drive which is commonly visible across all entrepreneurs. Whether the motive is money, fame or social service, they are passionately driven. They strongly believe in what they do and never flinch from their determination to make things work. The feeling is similar to a roller-coaster ride that gives an adrenaline high. There is a fear of falling down, but there is also an equal level of thrill to experience something new and unknown and chart new territories.
Did you know Richard Branson has invested in more than 400 companies? From airlines, music, space tourism, entertainment to healthcare, he can’t simply keep his hands off entrepreneurship! If you thought he struck gold in every venture, then you are mistaken. His failed attempts at beverage, wedding dress boutiques, cosmetics and toiletries and clothing line businesses, among many others, are just examples of his leaning towards entrepreneurship despite fiascos. The man who is known for his vibrant personality believes that his entrepreneurial obsession stems from his desire to set unachievable challenges for himself and attempt to rise above them.
In 2011, Walt Disney Company bought his company for a whopping $100 million. With this amount, he could have enjoyed his life doing nothing. But, the entrepreneurial bug has hit him twice since then – first in 2008 when he launched a venture capital firm and then, in 2014 when he started an advanced wearable technology company GOQii. He feels that he is an entrepreneur at heart and thrives on the chaos that comes with it.