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Let's take a look at Karen McMasters, President and Founder of Bare Babies Inc., a $2 million worth online store selling baby products launched in early 2000. As soon as the site stabilized, she immediately thought of another online business to put up. She put up Ciao Bella Baby in 2004 to attract the higher-end customer pool. Being a collector of Coca Cola memorabilia, she put up the online store called All Cola in the same year. Both companies have projected sales of over $1 million and $60,000, respectively. Now at her early 40's, Karen McMasters truly know what it is to not only be a real web entrepreneur but an amazing parallel entrepreneur as well. We all know serial entrepreneurs well. They are the ones who start business after business, company after a company. They are usually admired for their tenacity and their unending pursuit for business excellence. However, there has now been an increasing pool of parallel entrepreneur. This new breed of web entrepreneurs are those that can not and does not wait to finish one start up business before thinking of and finally launching other business ventures, either related to the previous one or not. It is said that web entrepreneurs and those in the service industry are more likely to become parallel entrepreneurs. Those that have low start-up costs are usually most ideal for parallel entrepreneurs. These people acknowledge the unmatched benefits that you can get when you build more than one company. Of course, this should translate to increased efforts and time to devote onto your businesses, but it also means added profits and gains. You may initially think that starting up and running another company all at the same time will diminish your focus on your original company. Still, a few others may think that the only reason why one should become a parallel entrepreneur is when the original investment is not expected to do well. However, this is not usually the case. With an improved cash flow and profit as well as stronger ties with your customers (not to mention that you get a hang of doing business pretty quickly), you will find yourself loving being a web entrepreneur even more. Some parallel entrepreneurs even insist and warn that handling two businesses at the same time can be addicting: you will want to start up another one once the right opportunity presents itself again! Article Source: http://www.articlewheel.com
Being a parallel entrepreneur can give your business and financial life much more meaning and excitement. How can a regular web entrepreneur like you become the best parallel entrepreneur to hit the online world? Please visit our site for more information.
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