Robert Herjavec is one of the stars of the “Shark Tank” US TV show. He is a prominent businessman & investor. He shares his wisdom about starting and running a business.
🚀 Getting Started in Business
The #1 rule is simple: just sell something! Don’t get caught up in research or planning – find a customer and make a sale.
💪 Reality Check
Don’t fall for the “easy business” trap! Every business is hard at the start – it will consume your time and money.
Forget about work-life balance in the beginning; a business is like a hungry baby that needs constant attention.
🎯 Key Success Factors
The most crucial element is understanding customer value. Don’t think about what YOU think is valuable – focus on what the CUSTOMER finds valuable.
Look for “fanatical” customer reactions – when they say “I can’t live without this,” you’re onto something.
🔄 On Failure and Learning
Small failures and pivots are okay, but complete business failures are red flags.
Robert prefers entrepreneurs who adapt and pivot rather than those who’ve had total failures. Success requires constant adaptation and learning.
🌟 Dream Bigger
One of Robert’s biggest regrets? Not dreaming big enough.
He emphasizes that your mind, once expanded by new possibilities, can never return to its old limitations.
⚡ Productivity Hack
Write down exactly THREE things you must accomplish each day – not five, not ten.
Don’t sleep until these three things are done. This ensures constant forward momentum.
💡 Modern Business Trends
Customization is becoming crucial. With AI and internet capabilities, the future belongs to businesses that can create highly personalized experiences for customers.
🤝 Sales Advice
For new entrepreneurs scared of sales: Be authentic! It’s okay to tell customers you’re new or nervous. People often want to help newcomers. However, make sure to maintain authenticity as you grow.
⚖️ Decision Making
Trust your gut feeling, but never make decisions that could kill your business. For big decisions: gather data, sleep on it, and trust your morning reaction.
🎓 Leadership Wisdom
The best leaders don’t just manage – they tell great stories. Like Jesus teaching through parables, great leadership is about engaging people through storytelling and examples rather than direct commands.
👑 On Success
Success doesn’t solve all problems – it just creates different ones. If you’re not happy while building your business, having more money won’t automatically make you happy. True success amplifies who you already are.