Shark Tank -Investor Kevin O’Leary Says that most people will never start a business and insist that only about one in three has the grit to thrive as an entrepreneur and taste real freedom.
What happened: “In life, only a third of people can become successful entrepreneurs. That’s it,” the investor told Steven Bartlett on the podcast “Diary of a CEO”. “The rest can be very successful employees … you can lead a fantastic life.”
“You will not be linked to the ups and downs of entrepreneurship, the challenge of it, how difficult it is. But you will never be free,” said O Leary.
For the two -thirds that prefer bankrupt positions, O’Leary insisted that there is “nothing wrong” with a business path and a steady salary.
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He argued that real builders control a razor-sharp “signal-noise ratio”. Steve Jobs was “80 signal, 20 noise,” said O’Leary, and said he sees a similar feature Tesla Inc. Tsla chef Elon Musk. “Elon Musk … he has no sound. 60 seconds of every minute, 60 minutes of every hour, the 18 hours that he is awake, it’s all signal. And see what he has achieved,” he added.
Why it matters: O’Leary, now 70, built in Toronto -based softkey in an educational software powerhouse and sold it to Mattel for $ 3.7 billion in 1999, a deal that helped him to give an estimated $ 400 million fortune.
He said the listeners that even at the Harvard Business School, two -thirds of the students want to become consultants and want to lead a life of mediocreiveness “, while the top third” the stress and the pain and trauma and the fear and the risk of failure “embraces starting companies.
Other successful entrepreneurs identify different ingredients for success, and O’Leary’s former “Shark Tank” Cohost Mark Cuban reflects them and says he observes one characteristic of successful people and that is a strong working ethics.
Photo with thanks to: Kathy Hutchins / Shutterstock.com
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