JR's interview with Shark Tank judge Robert Herjavec about living the American dream

As one of the "shark" investors on ABC's hit show Shark Tank, Robert Herjavec is an entrepreneur first and foremost. "When I was younger, I didn't know people could start businesses, and I always say now that if I knew then what I know now, I would have dreamed bigger," Herjavec, CEO of Cyderes, said. Herjavec lacked traditional business skills and accounting knowledge. Neither I have an MBA nor a business degree, and I was not very good at accounting. When I wanted to start a business, I remember

Robert Herjavec may be best known as one of the “shark” investors on ABC’s hit show Shark Tank, but first and foremost, he is an entrepreneur. “When I was younger, I didn’t know that people could start a business, and I always say now that if I knew what I know now, I would have dreamed bigger,” said Herjavec, CEO of information technology company Cyderes.

Herjavec didn’t have traditional business skills or accounting knowledge. I remember when I wanted to start a business, everybody said to me, ‘You can’t do it. ’ Fundamentally, I owe my success in business to the fact that I love what I do. ”

That passion helped Herjavec lead two multimillion-dollar technology companies. Cyderes, previously known as The Herjavec Group, has grown from three employees and $400,000 in sales to well over 300 employees and $223 million in revenue over two decades. “When people ask me what I do, I say I am in a very complicated technology business, which is incredibly boring to anybody that isn’t in it, but I love it,” Herjavec explained.

Herjavec also had difficulty coming to grips with the new way of life in North America, where he first experienced a difference in economic classes. “It was really interesting because, where I came from, we lived on a farm, and my grandmother raised me, and everybody lived like us,” Herjavec said. Besides paying the bills, those experiences were crucial for Herjavec because they helped him learn about managing customer relationships.

“The most important relationship in business is the one between you and your customers,” Herjavec said. He turned that experience into the foundation of his first technology company, BRAK Systems, which he later sold to AT&T for CA$30. 2 million. “The reason I started The Herjavec Group was that I was at home for three years,” Herjavec said.

After starting Cyderes, Herjavec’s business prowess led him to television, where he starred on the hit Canadian show Dragons’ Den. He later joined the U. version of the show, Shark Tank, in its first season in 2009. Herjavec provided several tips to help entrepreneurs realize their dreams. Passion is crucial for business success.

While Herjavec has achieved a level of success that most people only dream of, he credits his passion for business for those achievements. “The best advice I would give to somebody is, don’t ever start a business that you are not incredibly and deeply passionate about,” Herjavec said.

“The biggest mistake I see people do is, they start a business to make money,” Herjavec said. Aside from passion, Herjavec believes that people looking to start a business must be just as comfortable with failures as they are with successes. “People ask me if there is a quality or characteristic for entrepreneurs: Are they born or made?” Herjavec said.

“The one characteristic that I find in most people who start a business is, they are very comfortable and adaptable to change. While adaptability may be essential to success, Herjavec also credited his knowledge in the field. “The other thing I notice is that lots of other entrepreneurs make the mistake of changing fields all the time and start businesses where their knowledge level isn’t very high,” he noted. Robert Herjavec’s success stories

The company remains active under the name Cyderes; the new firm is a merger of The Herjavec Group and Fishtech Group. Outside his entrepreneurial successes, Herjavec has also found prominence as an author. His sage advice can help you along your entrepreneurial journey, whether you’re still thinking of great business ideas or you’ve already started a company.

correspondent by: