The Road to Success: Kevin O'Leary's Lessons in Entrepreneurship

Erika Taught Me

Erika Kullberg

Business, Entrepreneurship

4.8 • 2.3K Ratings

🗓️ 22 August 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#46: Kevin O'Leary is a businessman, investor, and Shark Tank star. In this episode, Kevin talks about his relationship with money, what it takes to be a good leader, and how he finds good talent for his companies. He also shares investing advice and what his current portfolio allocation looks like, and he gives advice on how anyone can make their first $100,000. Maximize your ERC: https://erika.com/wondertrust Special thanks to our partners & sponsors: NetSuite: Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance - absolutely free, here - NetSuite.com/ERIKA CoPilot: If you’ve been wanting to kickstart your health, then go to my CoPilot link erika.com/copilot to get a 14-day FREE trial with your own personal trainer! Shopify: Try Shopify for a month, for just one dollar - sign up here: Shopify.com/erika Investing: Webull (get free stocks when signing up) - erikataughtme.com/invest Thanks for tuning in and come back every Tuesday for a brand-new episode! Make sure you hit the follow button to get notified. Prefer video or want closed captions?⁠⁠ Watch this episode on YouTube. Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠: https://erikakullberg.com/review (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect! Follow the podcast @erikataughtme across platforms. ⁠Connect with me on Instagram.⁠ For more information, go to⁠ https://www.erikataughtme.com/⁠. Get on my personal finance & investing course priority waitlist here. https://erikakullberg.com/3DMoney Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it. https://erikakullberg.com/MasteringYT ⁠Get more of my free resources.⁠ Timestamps: (00:00) Intro (03:12) Traits that make you successful (11:59) How to make your first million dollars (15:32) Kevin's advice on making money (24:59) The best way to make your first $100,000 and other investing advice (29:54) The real Mr. Wonderful (33:07) Kevin's advice for all CEOs, small business owners and entrepreneurs (41:51) Kevin Taught Me

Transcript

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0:00.0	I don't listen to the noise because it's irrelevant towards getting your gold done.
0:04.9	I get a lot of heat, I get a lot of criticism, people say you're a mean guy, all that stuff.
0:09.1	I don't give a shit. It just doesn't matter to me.
0:12.3	Kevin O'Leary
0:13.2	Businessman, investor, journalist, and TV personality.
0:16.6	But how do I make money?
0:18.3	How much of your shark tank character is the persona that you put on for the TV versus real you?
0:24.4	No, that is the real me. You're much nicer.
0:27.5	The thing about business is it's vineyard.
0:29.5	You either make money or you lose it.
0:31.2	And so you have to tell the truth.
0:32.8	And sometimes the truth is unpleasant.
0:34.8	I don't want to invest your deal because it's a stupid idea.
0:37.6	And I think it's going to go to zero and it probably will if I say so.
0:40.6	That's such a waste of money for something that costs 20 cents.
0:43.5	I never buy a frappe latte but for 250.
0:47.5	That's such a waste of money.
0:49.0	I can walk around with anybody for a day and show you that they're wasting 15% of their money.
0:54.0	Sometimes 20.
0:54.8	Stupid stuff.
0:55.8	You know, you go to work, you spend 15 bucks on a sandwich, what are you, an idiot?
0:59.6	It cost you 99 cents to make a sandwich at home and bring it with you.
	...

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