When it comes to learning about entrepreneurship, sometimes the best sources to turn to are experts in the industry who have started their own business before. If you need some extra inspiration, the best place to turn is to quotes from successful individuals, such as the incomparable Kevin O’Leary. Here are some of the entrepreneur’s biggest and most influential quotes about entrepreneurship to inspire others looking to start their own business and find success in today’s market.
Here are the Best Kevin O’Leary Quotes About Entrepreneurship
“I’d rather invest in an entrepreneur who has failed before than one who assumes success from day one.”
This is an important message for those who fear failure and an important reminder that everyone fails. Failure is a natural part of being an entrepreneur. You just need to be willing to pick yourself up move forward. For big names in the market such as O’Leary, this is a sign that someone has the willingness to move forward after they face obstacles. Confidence is important, but you should never assume you should never just have success.
“Imagine how foolish you’d look if, like one clever salesman who once pitched to me, you tried to license your product to a big industry player without knowing they just launched a competing product. With the right background research, he could have avoided that and other landmines – and so can you.”
No matter how much you know, or how much experience you have, you should never forget the value of doing your research and putting in the work. This is an important story that anyone can learn from, no matter what industry you are looking to start your business in.
“I have met many entrepreneurs who have the passion and even the work ethic to succeed – but who are so obsessed with an idea that they don’t see its obvious flaws. Think about that. If you can’t even acknowledge your failures, how can you cut the rope and move on?”
Being able to acknowledge your failures and your flaws is an important part of coming up with the right idea for your business. Passion and work ethic are important, but you need to know where your company needs work and you need to know when you should walk away.
“Business is war. I go out there; I want to kill the competitors. I want to make their lives miserable. I want to steal their market share. I want them to fear me and I want everyone on my team thinking we’re going to win.”
Very few entrepreneurs are willing to speak so candidly about having a competitive edge. It is alright to have a competitive nature when it comes to starting a new business. Don’t be afraid to have this edge, it can be exactly what makes your business thrive.
“I have had some great successes and great failures. I think every entrepreneur has. I try to learn from all of them.”
Whether you fail or succeed, you need to take the time to really learn from your experiences. Every milestone is an opportunity to learn just as every setback is. If you aren’t learning from both the good and the bad, then you aren’t bettering yourself and your company, for the future.
“So much of life is a negotiation – so even if you’re not in business, you have opportunities to practice all around you.”
Never undervalue the importance of good negotiation skills as an entrepreneur. You always have new opportunities to practice the art of negotiation, so never be afraid to practice, it can only help in your efforts as a business owner.
“Don’t cry about money, it never cries for you.”
If you enter into a new business, thinking only about money and believing that money is everything, you will never succeed. Don’t get overly invested in money, it is just money. If you are too focused on the finances, you will never be able to see past the finances and into what it takes to make your company succeed.