What term describes a person who starts one business, runs it, and then continues to do so with multiple businesses over time?

Study for the UofT MGT100 Fundamentals of Management Exam. Practice with quizzes and detailed study materials to excel. Prepare with clear explanations and valuable tips to ace your exam!

The term that describes a person who starts one business, runs it, and then continues to do so with multiple businesses over time is 'serial entrepreneur.' A serial entrepreneur is characterized by their continuous engagement in starting and managing several ventures throughout their career, often moving from one idea to another with each new business. This trend indicates a willingness to innovate and take risks while learning from previous experiences.

In contrast, a social entrepreneur focuses on creating social value rather than just profit, emphasizing the impact on society. A lifestyle entrepreneur typically prioritizes personal fulfillment and work-life balance through their business endeavors, often avoiding aggressive growth in favor of a sustainable lifestyle. An angel investor, on the other hand, is an individual who provides financial support to startups, usually in exchange for equity, and is not necessarily involved in the operational aspects of running a business. These distinctions highlight why 'serial entrepreneur' is the most accurate term for someone who repeatedly starts and operates multiple businesses.

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