SHARK Tank judge Robert Herjavec says budding entrepreneurs must invest in themselves if they want to make money, as he reveals his top tips for anyone who wants to become a millionaire.
In an exclusive interview with The U.S. Sun, Herjavec stressed the importance of education for people wanting to become successful.
Shark Tank star Robert Herjavec sat down with The U.S. Sun in New York[/caption]
Shark Tank star Robert Herjavec says people should watch YouTube to upskill[/caption]
With school fees often hundreds of thousands of dollars, Herjavec said people could upskill for free by watching videos on YouTube.
When asked about the fastest way to make a million dollars, the Canadian-Croatian-born investor said to “invest in yourself” and “make yourself worth $1 million.”
“The fastest way to make $1 million is actually not to start a business, but invest in yourself and have $1 million worth of value,” he said.
The market doesn’t reward intent. It rewards very specific knowledge. So if you want to make $1 million in a business, make yourself worth $1 million.
Robert Herjavec
“Get some knowledge (through) social media something that other people don’t want to do become a world expert.
“How do you become a world export expert? There’s a university, and it’s free, and it’s available to everybody. It’s called YouTube. I mean, that’s number one.”
Herjavec’s second most important tip was to get practical experience in the industry you want to work in.
“Number two. You just got to get practical experience,” Herjavec said.
“Get a job, get an internship. Just learn it the hard way.”
The top tips were revealed in a wide-ranging interview with the Shark Tank star, which was filmed at The U.S. Sun studios in New York.
In what may be a major shock to fans, Herjavec also revealed that Shark Tank pitches could be as long as an hour, with the discussions edited down to seven minutes.
“I think what would shock people is that we know nothing about them,” Herjavec said.
“People, even my friends, after 16 years, assume that we have this dossier of information on the people pitching us, and we don’t.”
The Shark Tank star revealed that many times they aren’t even given their names.
Herjavec said the investors may see as many as 12 pitches in one day and that the number of businesses they see “depends on how much the other sharks talk.”
A Croatian-Canadian businessman, Herjavec is also an investor.
He first became successful after selling his internet security software to AT&T Canada in 2000 for $30 million.
During the exclusive on-camera interview in New York, the shark covered a wide range of topics, including politics, the economy, and the retail sector.
RAGS TO RICHES
Herjavec has a remarkable life story.
His family left Croatia when he was just eight years old, arriving in Canada with just one suitcase after his father fled from jail in a communist country.
In what is a classic “rags to riches” story, Herjavec started as a newspaper delivery boy and waiter and rose through the ranks with various business ventures and investments.
“We came from a communist country, and I didn’t realize we were poor until we came to Canada originally, and life was just really, really hard,” Herjavec exclusively told The U.S. Sun.
“And I think what made me stand out was that I just refused to live like that anymore. So if I had to work harder, no problem.”
Herjavec said he was motivated after he watched his parents work hard and sacrifice so much, often feeling an “incredible pressure” to “make something” of himself.
