Shark Tank’s Robert Herjavec’s Top 5 Business Tips For Entrepreneurs

Shark Tank’s Robert Herjavec shares his top five business tips. Learning how to move quickly is one of the most important things a business owner can do in order to cover as much ground as possible in an intensely competitive environment.

MORE ENTREPRENEUR CONTENT:
What It’s Like To Be The Youngest Woman Equity Trader In The New York Stock Exchange

How Warren Buffett Makes And Spends His Billions

A Silicon Valley Founder Shares Advice She Gives To Entrepreneurs

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Shark Tank’s Robert Herjavec’s Top 5 Business Tips For Entrepreneurs

Barbara Corcoran Explains How To Ask For A Raise

At IGNITION, Business Insider asked real estate mogul and “Shark Tank” host Barbara Corcoran to share her advice on how to successfully ask your boss for a raise. Corcoran also talked about what you should do if you receive an offer from another company.

Following is a transcript:

Barbara Corcoran: If you want to get a raise, and particularly if you’re a woman who wants to get a raise, women don’t ask for raises I can tell you. I’ve employed thousands of women over my life. They do not ask for raises unless they absolutely must, and men ask all the time. And so, what the smartest thing to do is, first of all, make an appointment to ask for a raise, even if your expectation isn’t that you’re gonna get it. At least ask for it, because that sets you up for the next meeting where you’ll likely get it.

And the smartest thing to do is to walk in with a list of your responsibilities when you started at the company, and then also the list of things you’ve taken on since you started. And simply make the boss aware that you have a lot more responsibility. You’re delighted to take it on, give me more, but I’d like to be compensated and to name a number you’d like.

Most women, when they work up to the point where they’ll ask for a raise, they won’t give a number. “I’d like to get a raise.” Men will walk in and say, “I’d like to get a raise. I’d like it to be around 10, 15 percent.”

No qualms. So, if you’re a timid woman, I think the smart thing to do is ask, “What would a man do?” And walk in thinking like a man. If you don’t get the raise, you have to ask, “What would merit a raise?” So that when you come back the next time, you could say, “Hey, this is what I’ve done,” “I’d like to get that raise.”

When someone has come to me and said they got another offer for a lot more money from somewhere else, and it’s not followed up with, “So, goodbye,” they’re looking for something from me. I never try to buy their loyalty because I haven’t earned their loyalty, obviously, and they’re on their way out the door, I’m not gonna stop them with more money. They’re already off my list. I can’t wait for them to go out that door.

It’s perfectly acceptable to go to your boss and say, “You know, I’m a little surprised. I got an offer for a lot more money, but I’m not taking it because I love this business. But I’m really wondering, could you level with me as to my future prospects here?”

That’s a great opener. And it’s not insulting and it’s not threatening. And guess what? You’ll get the best out of that boss. Very, very different than saying, “You want to pay up?” The tone is entirely different. One, the boss wants to measure up. The other style, the boss wants to boot you out that door. I think the piece you have to put in is, “I got a great offer, I love working here and I plan to stay, but it brings on the table my question, what do you think my prospects here in the future might be?” That’s pretty fair. If I were a boss, I would go out of my way to think of how I could push you ahead, if I value you. And if my response instead was, “Well I’m happy to hear about it, but you know, we pay you fairly and you have good responsibilities and we’re pretty happy, so do what you want,” or something like that, I would know I am not valued, and I would take the other job because the one thing you must be in any position you are, male, female, whatever level you are, is you must be valued and appreciated to be promoted.

It’s a great way to go in and take a litmus test as to how you are valued in that boss’ eyes, and your boss has more to do with your future than the company you’re working for, your responsibilities and everything else. If they love you, they will push you ahead. I had so many people come and ask for raises over the years. Of course, mostly men. My theory as a boss is, you get ahead of your valued employees and you raise them before they ever get to ask. Because employees will kill for you, if you can treat them with that kind of reverence and respect and prove it by paying them more. They’ll kill for you. They’re loyal forever. And I’ve always been very lucky to be surrounded by people that are enormously loyal, and it’s no accident. Because I make sure I push money, recognition, whatever I have, opportunity, more valuable than raises. Bonuses, whatever it takes to make them feel “I am loved.” That’s what everybody wants.

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Barbara Corcoran Explains How To Ask For A Raise

Shark Tank’s Barbara Corcoran On Why She Won’t Invest In Rich Kids | IGNITION 2018

Shark Tank Investor Barbara Corcoran discusses why she prefers investing in poor kids instead of rich kids.

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Shark Tank’s Barbara Corcoran On Why She Won’t Invest In Rich Kids | IGNITION 2018

Take A Look Inside This Avocado-Only Restaurant

Avocaderia is located in Brooklyn, NY. The opening of the restaurant quickly went viral. They go through hundreds of organic avocados from Mexico each day.

A previous version of this article said “Mark Cuban and Barbara Corcoran of “Shark Tank” have invested $400,000 in an avocado-only restaurant”. Alessandro and Francesco were still negotiating the agreement with Cuban and Corcoran at the time of the interview but they actually never completed the investment process so they are not currently among our shareholders.

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Following is a transcript of the video:

Alessandro:  So we decided to open Avocaderia because we realized that it was really hard to find healthy food that was actually not boring that was actually very tasty. And avocados are the perfect ingredient for that type of food.  because avocados are very healthy they have a lot of nutrients and it is also a nutrient booster when added to other ingredients. But at the same time, it is a fatty fruit and that makes it very tasty, very satisfying to eat. Avocados are also extremely versatile so they go very well with a lot of different ingredients and as well as you know working well in toast, in bowls, in smoothies and desserts as well. so we can be very creative and come up with a lot of different recipes.  

Francesco: I think that’s really the beauty of our menu. You can get savory, you can get sweets, you can get drinks. And everything is avocado and most important everything is healthy on the menu.

Alessandro: “Shark Tank” was an incredible experience from the beginning to the end.

We were approached by one of the producers and then we went through the whole application process. We were like, maybe it is too early to do this but then we said no why not? We are growing very fast and we could definitely use an investment right now. So we decided to join. Likely we were selected. It was a very long and tough application process.  

So at the end from “Shark Tank” we were able to convince the sharks  Barbara Corcoran and Mark Cuban and they invested $400,000 in exchange for 20% of the company.

The idea for us was really to try to get access to these people which of course are incredible entrepreneurs. They all built their companies and their fortune in a good way and they could also be good mentors for us. And so that’s why we wanted to go there. and look for this first investment to potentially keep growing the company.

So we are going to use this investment in order to further grow the presence of Avocaderia in New York, especially in Manhattan. We are currently working on opening our second location in Chelsea. We are very excited about that. And then we are going to be scouting for more locations. The plan is to open 20 locations in the next five years. Also of course in other cities.   

Francesco: It’s a great experience for customers because many of the products you see on the show— it’s really hard to get to know the person that is behind the product. And being a restaurant you really have this like face-to-face interaction. So it’s great for them to come, to see the restaurant, talk to us. We are very happy when people are happy. It has been so great for us.

Mob Tactics – Shark Tank

Buy: http://viper.lnk.to/vpr084

After the resounding success of their debut Viper Recordings single, ‘Neon God / Return of the Snitch’, Mob Tactics return with their latest offering, ‘Get Dirty / Shark Tank’.

‘Shark Tank’ keeps the pressure high with yet more growling, moody basslines, rolling kicks and razor sharp snares. This one will most definitely make you follow the lead vocal and “put your hands up.”

Mob Tactics:

https://www.facebook.com/MobTacticsMusic

Viper:
http://www.facebook.com/viperrecordings


http://www.instagram.com/viperrecordings

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