Think about the journey of establishing a business - implementing a great idea, finding the audience, leading the market, and contemplating new ways to create, innovate, build, and scale. Now multiply that by three or four. That's precisely the kind of life a serial entrepreneur lives. The truth is, starting a business is one thing, and scaling it is another one. As someone who's ventured into multiple businesses over the years, Fito Salume shares four tips for massively growing your company.

1. Manage your time

Being the Chairman and CEO of Grupo Prologix, Fito Salume runs 50 companies in 16 different countries and therefore can talk from personal experience that the key to juggling multiple things is good delegation and excellent time management. He also adds, "When running multiple businesses, we must accept that not everything can always be perfect, and rather, it may be a work in progress. What matters is whether or not you possess the dedication to improve, grow, and master your work."

2. Streamline your energy and resources 

Salume, whose organization employs 10,000+ people, shares how spending many years to improve his time management skills allowed him to become a successful investor and serial entrepreneur. The recurring challenge that he faces is deciding where to focus his energy when all of his companies demand his involvement. He states the one strategy that made things profitable and manageable was sharing leadership roles and resources across companies. Since time is so crucial, maintaining focus on his role as a leader remains the key to his success.

3. Focus on leadership, operations, and confidence

Salume says the "secret sauce" that enables one to grow might be challenging to transfer to others; so, he suggests to make sure that the ones hired are committed and dedicated. He further adds, "Encouraging yourself as well as others demands challenging your own notions and beliefs about how efficient you can be. Confidence and self-trust energize you and those around you to work smarter and harder. Thus, the higher you believe in yourself, the better you achieve. Lastly, every company has the potential to attain success, should the team and product or service concept be best-in-class."

4. Offer and accept help if need be

Check your ego at the door, recommends Salume. He says an entrepreneur always has to rely on advisors and experienced colleagues in the industry that help expand capabilities in order to become successful and attain goals. "Embrace the inputs of others and have faith in their experience and know-how," Salume comments. If you are going to make good decisions, those will only be possible if you have correct information and good advice. 

Whilst concluding, the entrepreneurial powerhouse shared, every individual must have a vision. "Create a workplace where employees support each other, have fun, and grow together - your team will then never want to leave your side, regardless of the ups and downs," added Salume.