10 Time-Tested Secrets of Serial Entrepreneurs These are the tips that lead to greatness.

Even newbies to the entrepreneurial game are no doubt familiar with the ingredients needed to build a successful business.

Perseverance. Decisiveness. Confidence. Passion. Top-notch legal and financial advisors. Seasoned mentors who don't pull punches. The ability to cultivate lasting relationships and inspire others to support your vision. A willingness to take risks, listen to your gut and, of course, work your tail off.

But what about the lessons best learned on the job by those who've spent years in the trenches, launching company after company? What keeps them coming back for more when the odds of failure are so high and the workload so heavy? We asked a number of celebrated serial entrepreneurs to describe their secret sauce to growing a business as efficiently and inexpensively as possible. Here are their top 10 suggestions for boosting your odds of success.