One of the TV shows that gets talked about in our office every week is Shark Tank. Everyone wants to talk about who was on the show and how well they did.
But our favorite topic is the Sharks themselves.
We love listening to the advice they give out on the show and in interviews, so we decided to put together a list of our favorite pieces of advice from Shark Tank.
“If you can stay focused…you’ll win. You’ll beat those battles.” Kevin O’Leary
Mr. Wonderful, an office favorite, advises entrepreneurs not to get distracted by the people who would try to keep them down or people who might try to ride their coat tails to success.
Giving in to these people, listening to the noise, can spell destruction for a budding business. So stay focused.
“It doesn’t matter how many times you fail. You just have to be right one time.” Mark Cuban
This quote has the same meaning as Thomas Edison’s famous line, “I have not failed, I’ve just found 10,000 ways that won’t work,” this Cuban quote shows that it isn’t your past that defines you.
Even if you do fail 10,000 times, you can always start again and do something else. It might sound daunting, but you should let it encourage you.
Just pick up and keep going. You only have to be right once to make it.
“Mentors, by far, are the most important aspects of business.” Daymond John
Having someone to help and advise you, someone who has already been through what you’re going through, can be an invaluable asset to your business—no matter what stage it’s in.
They’ve been up against the same problems you’re facing and that you’re going to face. Find a mentor who is smart and willing, and you can improve your business an unbelievable amount.
“Don’t be afraid. Be confident in yourself and know that you can make anything happen if you put your mind to it.” Lori Greiner
This goes well with Kevin’s quote—don’t let things distract you and make you lose confidence in yourself. That will kill your dream faster than anything else that can happen.
“In business, you’re the chief salesman. Create a sense of demand, rather than waiting to have demand.” Barbara Corcoran
Whatever you’re selling, you need to have a market for it. Barbara’s advice is to create that market for yourself. You need to create the demand for your product or your product will fail.
These are our favorite quotes from Shark Tank. What are some of yours?