We asked some of the Sharks to give us their best advice regarding the most common questions they've received over the years from entreprenuers. Here's what they had to say:
2. What do you think are the traits of a great entrepreneur?
Barbara Corcoran: Every great entrepreneur is passionate about being successful. They are not just passionate about their business idea, but have enough passion to weather all the obstacles and see things through to the finish line. When Erin Whalen of Grease Monkey Wipes (season 1) confidently said to fellow shark Robert Herjavec and me, "I promise if you partner with me I will not let you down! I will make this work, I promise!" she had enough passion in her plea to send legions of soldiers right off a cliff. Robert and I believed her and handed her our cash! Every great entrepreneur is extremely pushy. Cactus Jack, the wild inventor of the Body Jac exercise machine (season 1), was a natural born salesman. He was unbelievably annoying but proved a superstar dealmaker. I've learned that all great entrepreneurs are pushy people and they always deliver.
Daymond John: 1) Being driven; 2) Always educating themselves; 3) Doing something they love; 4) Willing to take advice; and 4) Resourceful.
Kevin Harrington: Entrepreneurs must have 1) a vision of the future; 2) the drive for the day-to-day, to work unending hours; 3) the ability to handle adversity without letting it shut you down; and 4) the desire to never give up.
Robert Herjavec: Many – but most important is the ability to be relentless as the sand shifts around you. I always say "quick is good – relentless is better."