Every week, a wildly successful TV show, ABC’s Shark Tank, is giving free advice on how to successfully run your business. All of the sharks: Mark Cuban, Barbara Corcoran, Daymond John, Kevin O’Leary, Lori Greiner and Robert Herjavec have built their own business from the ground up. They have failed and succeeded in the American dream. So, what can you learn from them?
For 5 years, the Shark Tank has reviewed over 200 start-up businesses. After watching the show many times, I’ve learned that the stars provide the prospective businesses with sage advice. “The first thing is to believe in your dream and dream big.” Robert Herjavev states: “I guess if I had to do it again, I would have dreamed bigger. I never dreamed I could build a $100 million company. I just happened to build a $1 million company that became a $5 million company, and so on. But I never dreamed bigger, because my dad worked in a factory, and my mom was a receptionist, and I didn’t know anyone who had made a million, or anything at all like that.”
Other advice is to create a solid marketing plan, sell through your website, review your business numbers and know your customers!