Serial entrepreneurs are a special class of people with different motivations for pursuing what interests them. Instead of having just one thing that drives them, they are driven by innovation and creativity. These people are energized by new challenges and enjoy the entrepreneurial lifestyle. Here are a few essential traits to possess for success as a serial entrepreneur.

Strategic relationships are critical to the success of any type of entrepreneur. Serial entrepreneurs invest in relationships personally like they do resources for their business. At their disposal, they have a team of advisors, employees and partners at any given time. They have access to mentoring and actively nurture those relationships. Strategic relationships are often quite the resource to an entrepreneur.

Optimism is an asset to an entrepreneur. Many successful individuals recognize the importance of optimism in becoming a successful serial entrepreneur. Something has to keep you inspired to keep multiple businesses afloat. Optimism keeps you fully invested in the dream, and keeps you energized daily as you work through various challenges. Optimism drives you to do extraordinary things when there is no one there to encourage you.

Time management is essential for any business owner. This is especially important for a person who runs multiple businesses simultaneously. The entrepreneur should be able to compartmentalize when needed. The ability to focus exclusively on what’s needed for that specific moment in time is important for serial entrepreneurs. You will be juggling numerous responsibilities and don’t want to be ineffective in any area of any businesses. If you are unable to manage your time effectively, you will have a difficult time managing two or more businesses vying for your personal attention every day.

Goal setting is also critical for entrepreneurs. Serial entrepreneurs have focused goals with a specific accomplishment in mind. Their specific goals drive them to take the steps needed to accomplish milestones. They perform these steps consistently and achieve those goals because of their discipline. Serial entrepreneurs understand the importance of setting goals and actively measure those goals, repeatedly.

Serial entrepreneurs are self-directed as well. They nurture strategic relations and remain optimistic in all of their entrepreneurial endeavors. They manage their time well and set specific goals that are actively measured. These are the makings of a committed serial entrepreneur. These essential traits are unparalleled in helping them successfully launch and operate multiple thriving ventures.