Kevin O’Leary, also known as “Mr. Wonderful” from the hit show Shark Tank, is a successful businessman, investor, and author. He has built a reputation for himself as a savvy entrepreneur and has shared his valuable insight and advice with aspiring business owners. Here are 5 must-know business strategies from Kevin O’Leary that can help take your business to the next level.
1. Build a strong team: According to Kevin O’Leary, a successful business is built on a strong team. He believes in hiring people who are smarter than him in certain areas and surrounding himself with the best of the best. This allows for a diverse range of skills and expertise, ultimately leading to better decision-making and success.
2. Keep an eye on cash flow: O’Leary stresses the importance of cash flow in a business. He advises business owners to closely monitor and manage their finances, making sure to always have enough cash on hand for unexpected expenses or opportunities. With a strong cash flow, a business is better equipped to weather any storms that may come their way.
3. Focus on sales and profitability: O’Leary preaches the importance of always focusing on sales and profitability. He believes that a business’s main goal should be to make money, and any decisions made should always be with this