Kevin O’Leary of ABC Shark Tank is known for his rude behavior and robust truth-telling skills when he considers an idea a flop. When aspiring entrepreneurs come on the ABC hit reality show to present their product or service, they often share their personal stories about what brought them to their moment in the tank. Many times contestants get emotional while describing their journey, even being carried away in tears.
While Kevin O’Leary — ironically known as’ Mr. Wonderful’ — will often listen quietly. At the same time, a potential business partner gets misty through his account of his history; he cries about crying during a pitch. Have some thoughts on the task.
A Shark’s sacrifices
Kevin O’Leary has established himself as a business icon. According to Inc., he led the company Softkey Software Products from its basement in 1983 and sold it to Mattel Toy Company in 1999 for $ 3.7 billion. He went on to start a host of other successful businesses, including O’Leary Funds, O’Leary Fine Wine, and O’Leary Financial Group.
The Shark Tank Star makes no bones about what is necessary for being an entrepreneur. He has previously shared details on his journey towards success, and what he missed out on the way.
According to the New York Times magazine, O’Leary said last year, “Entrepreneurship is a personal sacrifice for a long time. “I have never seen my children grow up – they just went from zero to teenage when I was traveling to Software Beaches World, and yet today they enjoy some freedom that I cannot afford. I was not successful. “
There’s no crying in business
Although he has actually gotten water in some hard-to-hear eyes that contestants have traveled, a Shark Tank known as Mr. Wonderful sees no benefit in crying during a pitch for investment.
“Tear you don’t buy anything. At the end of the day, the market is a cruel place. Nobody cares if you were a little dog that you fell in love with when you were in high school. O’Leary said, Nobody [abuses]. “You’re in the real world now, Mumbai and Shanghai and Hong Kong is competing with people who want to eat their lunch.”
When asked if he has ever felt bad about turning down an entrepreneur harshly, using his trademark-like phrases, ‘take it behind the barn and shoot it’ about an idea, O Leary There is no regrets as usual. “Never. He told, business is so binary: either you make money or you lose it. It’s insidious to say to an entrepreneur, ‘I won’t write you a check, but you should keep going. No, but would say — and I do— ‘There is no merit in this; you are going to lose all your money.
The whole truth and nothing but the truth
The millionaire investor views its sometimes brutal delivery as presenting essential truths that will help aspiring entrepreneurs avoid wasting time and money. “If you’re doing something that’s going to go bankrupt, why not deal with it now, and start something else that will probably be successful?” O’Leary told NBC News better. “In money, it’s just black and white. Either you make it, or you lose it. So you might as well deal with the truth by getting it right.
O ‘Leary isn’t worried about hurt feelings – no when it comes to money. “I don’t care if they cry about it. They said I’m still giving them excellent information.” All the other sharks are trying to keep their emotions inside. I don’t care about my feelings; I care about my money. The truth is what matters in business. Yes, you have to take it behind the barn and shoot it.
Shark Tank panelist reiterated this sentiment in an NYT magazine interview, clearly considering his ‘tough love’ as more productive than the sensitivity shown by his fellow sharks. O’Leary said, “I am the only shark that tells the truth.” “Others make themselves feel better by lying to these poor people who are going to lose all their money.”
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