Kevin O’Leary – aka “Mr. ABC’s Wonderful” shark Tank Has garnered a huge portfolio of investments from deals made on reality shows. While he diversifies his partnerships, O’Leary makes it a point to work closely with people from the younger generation.
Kevin O’Leary loves ‘being present’ in business
O’Leary has brokered countless deals during his 12 seasons shark Tank. With the season 13 premiere, O’Leary can honor business owners of a certain age group for staying ahead of the trend.
“My team that I’ve built around me are all very young people,” said Mr. Wonderful. pavlovich today. “They are smart, they are young, they are hungry. I keep investing in young entrepreneurs. I stay present because I talk to Millennials every day, and Gen Z-ers.”
The business icon noted to the younger demographic that shark Tank Brings in to make up a huge chunk of the show’s viewership.
“They’re too big shark Tank fans, so it all fits together,” O’Leary said. “When I go to high school, I sell that, because I’m proud they see kids shark Tank; They are learning how to be an investor. Therefore, I strongly believe that social media drives up the market capitalization. You saw that with Robinhood; You see it happens with everything that’s going on in Reddit, and I’m part of that culture. I try to use it to reduce customer acquisition costs.”
Why ‘Shark Tank’ Star Kevin O’Leary Decided to Join CNBC’s ‘Money Court’
The ‘Shark Tank’ star likes an entrepreneur with a diverse background
While O’Leary often speaks of his craving for cash, he looks for more than just earning potential when it comes to building a team.
“When I hire people to work on my teams, I look at their resumes and say, What else have they done besides just businesses?” O’Leary commented, giving his own interests as an example. “I tell myself: I’ll never be John Mayer on guitar, but I’m getting better every day. I play guitar – I take pictures, I’ll never be the best photographer on earth, but these things will make you a creative outlet.”
NS Shark Tank panelists consider these outdoor activities vital to becoming a solid business owner.
“It makes you a better manager,” he explained. “They think of you on a different plane. That’s why I hire people like that. I like people who are different. Just because you graduated from Harvard and worked at Goldman Sachs, that’s great. What else did you do? That’s all? ‘Cause it’s not interesting. I want more.”
Kevin O’Leary calls entrepreneurship ‘scary’
While many entrepreneurs shark Tank ends up with deals that bring their businesses big bucks, O’Leary warns, the road to success can be fraught with challenges.
“You have to decide at some point that you’re going to be an entrepreneur, and that’s very scary, because you don’t have a job,” he said. “You’re going to have a lot of setbacks and a lot of twists on the road, and I went through them all in my 20s.”
‘Shark Tank’: How Kevin O’Leary can tell in ’30 or 40 seconds’ whether an entrepreneur will be successful
O’Leary advises entrepreneurs to be patient and stay on course when they encounter some obstacles along the way.
“I have been very lucky because I have had many successes and so many failures,” he said. “I’ve made money – I’ve lost a lot of money too. It’s not easy… In the end, I’m glad I did it, but people think you get rich overnight. Too much time in it.” Seems like.”
season 13 shark Tank Premieres October 8 on ABC.