8 characteristics the 'Shark Tank' investors have in common
There is one TV show that I watch ever week without fail. It's "Shark Tank." I, like millions of viewers around the world, watch each week looking for inspiration. They inspire me each week to become a better person, leader, and business owner. ABC's hit show has truly influenced a new a generation of entrepreneurs.
The success of the men and women invested in by the sharks can be attributed to the characteristics that the "Shark Tank" team all share. Here are eight of those characteristics.
Mike Nudelman/Business Insider1. They're not afraid of failure. They embrace and learn from it.
"It doesn't matter how many times you have failed, you only have to be right once," Mark Cuban is quoted as saying.
Related: 4 Ways to Push Through Adversity and Failure Without Ego
The "Shark Tank" team, like great entrepreneurs, realize that failure is a part of the journey. Daymond John admits he's failed way more than he's succeeded, but neither he nor the other sharks let failure hold them back or prevent them from achieving their dreams.
Instead, they learn from it, and use to their advantage. "All the best things that happened to me happened after I was rejected," said Barbara Corcoran. "I knew the power of getting past no."
Failure isn't the end. Learn from it. I personally had to lose everything I owned to realize what I truly wanted to do. Years later, I have a successful cash company.
Courtesy of Zebit
2. They don't procrastinate.
“Don't wait for the 'perfect time,'" John said. "You will wait forever. Always take advantage of the time that you’re given." Corcoran adds, "If you have an idea, immediately move on it. Start that fire and get it burning immediately ... it's everything."
And, thanks to technology, it's easier than ever to act on your idea.
Ilya S. Savenok/Getty Images
3. They always find solutions to problems.
"As an entrepreneur, you can always find a solution if you try hard enough," says Lori Greiner. That’s a mentality and characteristic that she shares with the rest of her colleagues on the show.
"Don't start a business. Find a problem, solve a problem. The business comes second," suggests Robert Herjavec. Remember this when writing your business plan. John explains, "Every problem can be solved as long as they use common sense and apply the right research and techniques."
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