Kevin
O’Leary is a successful businessman who is currently the chairman of his
company name: O’Leary’s Funds. He started his career in the same way many
successful businessmen do: a great idea and zero cash. He launched his first
business Soft key Software Products, managed from his basement. With time, he ended
buying almost all of his competitors, making his company valuable for 3.7
billion dollars to Mattel Toy Company (ABC Network).
The key factor that makes O’Leary’s Funds so
successful is its limits to risky bets. Their focus is on value and in capital
preservations. One of the things Kevin O’Leary and his company’s methods to analyze
of tan investment is worthy consists in determine how global the idea is (Alex Kenjeev,
President, O’Leary Ventures). O’Leary’s
company looks always to make deal in both sides of the frontier; this means
that there are looking principally for safe methods to expand.
In the case of Barbara Concoran, she started
her company The Concoran Group when she was 23 thanks to a loan of 1000$. In
2001 she sold her company for 66 million, and nowadays, she is considered one
of the most successful entrepreneurs in the country (official website:
barbarocorcoran.com). She currently owns 11 new businesses on the top of being
an investor of the TV shoe Shark Tank (already in its third season).
Some of the factors she thinks are key for
the success of a business and a business plan is the correct branding. Branding
is vital to a business because it will affect in how the business is perceived
and how many investors decide to support the project: “The right branding is
the 75 percent of it;” she said in an interview with 2012 Lendio. Another
important aspect to take in consideration is mentality. Concoran talks even in
her books about the necessity of being positive and overcome negative views.
She believes the key to success is not being afraid of risks; one of the ideas
will always bring you money (Lendio 2012).
Alex Kenjeev, President, O’Leary Ventures. http://www.tumblr.com/tagged/kevin-o'leary
ABC Network:
Kevin O’Leary. < http://abc.go.com/shows/shark-tank/bio/kevin-oleary/276282>
Dan Bischoff, 2011. Lendio;
Interview with a shark: Barbara Concoran. < http://www.lendio.com/author/dan>
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