Please ensure Javascript is enabled for purposes of website accessibility

2 'Shark Tank' Stars Give Their Best Advice to Aspiring Entrepreneurs

By Matthew Frankel, CFP® – Updated Apr 27, 2021 at 11:47AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Here's what these two successful investors and entrepreneurs suggest.

There are few people who know more about what it takes to be successful in business than Shark Tank stars Robert Herjavec and Daniel Lubetzky. In this Fool Live clip, recorded on April 14, Fool.com contributor Matt Frankel, CFP, asks the two sharks to share their best advice for aspiring entrepreneurs. 

Matt Frankel: If you've one piece of advice you can give aspiring entrepreneurs out there listening to this show, what would it be?

Robert Herjavec: Be great. The world is such an incredible place. Every day you wake up is like a miracle, and the world is such a fascinating place, and it can be so hard. If you're going to play the game, play it to be great. I just think go for it. People overthink it, they plan it. Be great, do the things that make you excited. Live your life like it's your only life because it is.

Daniel Lubetzky: I love what Robert said and it reminds me of a piece of advice I once got which is, "Whatever you do, do it the best you can," and that's a very good piece of advice. My piece of advice would be, talk to yourself and make sure you understand what gives you meaning. Because in today's day and age, we're so overwhelmed with devices and email and schme-mail and texts and this and that. You don't have time to have self reflection. As a kid, I used to walk a couple of miles when I had to take the bus or something, and I was forced to be with myself and talk with myself and think about something. Today, whenever I have a minute, I'm checking my phone, I'm doing this. You need to find the time to reflect and to have conversations with yourself, and understand what makes you tick, what gives you meaning, because if you're able to understand what gives you that purpose, you're going to be far more likely to be invincible because you're going to pursue something for the right reasons, not just to make money, but because you really care about what you're doing, and it's just going to give you so much more staying power.

The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
327%
 
S&P 500 Returns
105%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.