They call him “Mr. Wonderful” on ABC’s Shark Tank. Kevin O’Leary seems mean, but he’s got a point. If you don’t understand how your business makes money, then you shouldn’t be in business!
“Don’t let the fear of failure make you fail!”
What does he look for in a company to invest in?
He prefers to invest in entrepreneurs who have failed in the past.
Entrepreneurs who have failed understand why they failed and they’ve learned from it. They see the mistakes they made and they won’t make them again.
“It’s that 3rd or 4th time that they hit it out of the park…”
“Money is either your most powerful ally in your whole life or it’s your most wicked enemy.” ~Kevin O’Leary