10 Tips From Robert Herjavec on Building a Business
Robert Herjavec tells it as it is. If you want real, tried-and-tested routes to success, then he’s the man to listen to. Here are whopping 10 Tips From Robert Herjavec himself on Building a Business.
If you’re looking to be inspired on your journey to success, you don’t need to look further than the ethics, hints, and tips of business tycoon and incredibly successful entrepreneur Robert Herjavec. His rags-to-riches story saw him escape from poverty in Croatia to live the American dream: He knows his stuff. If you want to play to win, Herjavec’s tips are the ones to assimilate.
1. Get Out of Your Pajamas
No, seriously. If you think success equals 9 to 5, you’re wrong. Herjavec is a 4 a.m. riser who reaches his desk by 5:30 a.m. That’s not a coincidence. Success eats time, so you have to prioritize it. If you’re there and working on your dream before the rest of the world wakes, you get a super-fast head start off the blocks. Early rising is an encapsulation of the work ethic needed to drive success–you have to devote yourself in order to achieve. As Herjavec states: “If you are under the illusion that you can start a business and run it at your life’s schedule, you are mistaken.” The concept that a balanced life equals success is over. In the meantime, get out of your pajamas and devote your life to the pursuit of success.
2. It Doesn’t Matter Who You Are
“Everyone can do it. Everybody has the tools and ability to get there.”–Robert Herjavec
Success isn’t dependent on who you are or where you come from. What matters is whether you believe you can succeed. It takes a willingness to reevaluate wherever you are in life and a willingness to change. Wherever you are on your journey, don’t stagnate–keep actively looking for opportunities and believe you can do it.
“Without the ability to visualize a goal and believe it will be reached, nothing of substance will be achieved. Not by anybody. Not at any time. Not in any place.” –Robert Herjavec
In his article on Entrepreneur.com, Herjavec asserts that your ability to visualize almost needs to be “delusional.” The ability to visualize yourself–not only on the journey but also at your goal–can be the difference between success and failure. This self-belief will carry you onward and help you combat the fears that can hold you back. Along with this comes a willingness to be blind in your belief and, to a degree, eliminate theory. At the start, you simply need to focus on belief and predictability–the planning comes later.
4. Decisions Are the Crossroads to Success
Along your journey, you’re going to be faced time and again with some pretty tough decisions. It’s your actions at these points that make the difference. You’re going to be constantly facing a tradeoff between your dreams and external pressures. To succeed, you have to be ruthless. This isn’t easy, and you need to ask yourself the price that you are willing to pay. For example, the opinion of a potential client or customer matters more than that of your mother. It’s tough stuff.
5. Work Smart
A huge number of people work hard, but they’re not all successful. Hard work is important, but working smart is crucial. You need to work fast and outstrip your competition while being both diligent and responsive. You need to be continually feeding back into your goals the opinions of real paying customers, and you need to check and double-check everything, but fast.
6. Reinvent the Wheel
But better. That’s where success lies. As Herjavec stated in an interview with Shark Tank, there are lots of good ideas, but “most great businesses are built on better execution of an existing idea.” What’s great about this tip is this: In the digital age, it’s within everyone’s reach. With the introduction of technology such as mobile apps, you can approach your business and industry in a way others haven’t.
7. Hone Your Laser Beam
“A single man cannot defeat an army unless he finds their weakness and attacks them at that point, one-on-one.” –Robert Herjavec
The smaller you are, the more laserlike your focus on success needs to be. You need to focus on exactly what you need to do and be prepared to combat the worst.
8. Lead, Don’t Manage
By inspiring others through leadership rather than management, you get them working on your side and 100 percent behind your goal, not theirs. This means winning and influencing people is absolutely key to success. Your persona, your self-belief, and your visualization all come into play with how you inspire and lead.
9. Be Capital-Realistic
It’s all too easy to get over-obsessed with capital investment when a loan will suffice. After all, if you aren’t prepared to put your money where your mouth is, how is your business idea going to succeed? If you don’t absolutely believe your idea is worth the risk of a loan, then investors certainly won’t either.
10. Everyone Lies
Herjavec pulls the punches with his own truth: Everyone lies. It may not be deliberate, or it may be, but to achieve success you need to be aware of when it happens and how to mitigate it. Therefore, you need to test everything you are told and invoke your “spider senses” to realize and combat untruths when they happen.
Herjavec tells it as it is. If you want real, tried-and-tested routes to success, he’s the man to listen to. He doesn’t go softly-softly or try to assert that success can be achieved without sacrifices. But knowing what is required for real, long-lasting success is better than heading off up the garden path believing all it takes is a little effort. You can make success happen, whoever you are, and Robert Herjavec shows us how.