Final answer:
"True", serial entrepreneurs start and manage multiple businesses either simultaneously or sequentially.
The correct option is A.
Step-by-step explanation:
Serial entrepreneurs are indeed individuals who start multiple businesses, which could occur simultaneously or consecutively.
The concept of serial entrepreneurship aligns with the spirit of entrepreneurship itself, as it involves the willingness and innovation necessary to initiate not just one venture, but a series of them. Serial entrepreneurs are characterized by their persistent and sometimes iterative approach to launching new enterprises.
Contrary to the stereotype of reckless 'risk-takers', successful entrepreneurs weigh their risks carefully against potential benefits before committing their resources.
When considering the formation of a business, they may choose from various structures such as a sole proprietorship, partnership, or corporation, each with distinct management, financial, and legal implications.
As this entrepreneurial process often involves starting from scratch, many opt for a sole proprietorship due to its simplicity and direct control, although it does come with unlimited personal liability for the owner.
In all cases, entrepreneurs must be ready to encounter and navigate the ups and downs of the business cycle, and manage the financial aspects of their venture, which can include securing funds from personal savings or external investors such as 'angel investors'.
The correct option is A.