What Motivates a Shark?

Kevin O’Leary, one of the investor-stars of Shark Tank, gave an interview recently.  He was asked what motivates entrepreneurs to do what they do.

Many people may not realize, but all of the Sharks on the TV show are real investors who have built and sold businesses before, including O’Leary, who first started out in the educational software business.

O’Leary said that what motivates the most success entrepreneurts is not money.  What?  How could that be? I though it was “all about the Benjamins”!

Nope.  In O’Leary’s experience, what makes someone a true entrepreneur is the need to make something, or to solve a problem.  And problem solvers, by nature, move from one problem to the next, and the next, and the next.

Just like sharks!  They have to keep moving forward or they die.

Here is a link to the rest of his interview, for some useful and practical insights:

https://www.cnbc.com/2018/10/12/shark-tank-kevin-oleary-to-entrepreneurs-dont-follow-the-money.html

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The Green Wave is Coming

Hi, folks.  Many business publications have written articles in the last few years about how the Baby Boomer Generation is approaching retirement age.

While many people may be sick of hearing about the Boomers, many of them are business owners who have to start thinking about an exit, and how to harvest what they have built over a lifetime to fund their retirement.

What this survey shows us is that by age 65, Baby Boomers are trying to retire, but they might not be there yet.  Some are still working at their jobs or running their businesses; others have transitioned to part-time work, as they are in the process of passing their business on to someone else.

Young entrepreneurs sometimes overlook the opportunity that buying an established business presents.  An established business reduces your risk of operations, and the risk of your investment in buying a business.

There are lower up front costs, since the business has been built out and already owns the equipment it needs to do business.

There is predictable cash flow, and a recurring stream of customers.  For more insights into the benefits of buying an existing business, take a look at this article on Business.com:

https://www.business.com/articles/prime-time-to-buy-boomer-business/

It takes a team to sell your business if you are a retiring business owner, and it takes a team to evaluate the opportunity, if you are a buyer who wants to own your own business.  For more information, please watch the video below.

Thank very much.  You can reach me at (315) 877-1741 or mattvanrynesq@gmail.com.  I look forward to hearing from you.

Just filmed a new YouTube Channel Trailer with JVR Productions

Hi, folks.  I just had a film shoot with JVR Productions and will have some new content to share in the near future.  Here is a link to my new YouTube channel trailer.

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