Serial entrepreneurs: a review of literature and guidance for future research

Official URL: https://dx.doi.org/10.1080/00472778.2021.1969657

Little research has been conducted regarding serial entrepreneurship compared to entrepreneurship research more broadly, despite research that suggests that as many as 50% of all entrepreneurs are serial entrepreneurs. Entrepreneurship research shows that most new ventures fail, yet serial entrepreneurs continually exit previous ventures and start new ones. Our study explores 118 scholarly articles indexed in Web of Science and Scopus databases on serial entrepreneurship through multiple correspondence analysis. Through our analysis, we identify key areas for future research, explore and consolidate the theoretical foundations used, and provide a review of academic literature for future researchers to utilize. Our perceptual map has identified four key research areas that researchers should focus upon: heuristics in entrepreneurship, entrepreneurial capabilities, the entrepreneurial ecosystem, and technological development and resources.