Listen up, potential “Shark Tank” contestants: The investors have some tips on what it takes to be successful in business.
Chris Sacca, Robert Herjavec, Kevin O’Leary, Lori Greiner, Barbara Corcoran, andspoke to ABC News about what traits a good entrepreneur must have.
A few common themes? It’s important to be persistent and hard-working.
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“You’re going to have to spend 110 percent of your time focusing on your business,” O’Leary said. “So I tell everybody that comes in here, regardless of whether they’ve got a big or small business, ‘Are you ready to sacrifice? Are you ready to do what it takes? Because if you don’t want to do it, there’s somebody else who’s ready to kick your heinie and run you right over.'”
Cuban, who added, “I work my a– off,” added that preparation is key. To make sure he understands every facet of his businesses, as well as what’s around the corner, the investor said that he reads hours every single day.
“I’m competitive,” he said. “To me, business is the ultimate sport and I want to stay ahead of everybody else!”