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A serial entrepreneur has many ideas and constantly starts up new companies or enterprises to implement those ideas. Generally a serial entrepreneur will have had good success with previous ventures, allowing him/her to start up new ventures. A lifestyle entrepreneur starts up their idea or venture based on a sport, hobby or pastime they are passionate about. For this type of venture, usually large start-up costs are required. Often people who have been successful in the business world and have some of their own money to invest might make this transition.
