World Entrepreneurs’ Day: Tips From Shark Tank Success Stories

Published on August 22, 2019

For many entrepreneurs, entering the Shark Tank gauntlet is a dream come true. It’s their one shot to make it big. Companies who participate in Shark Tank still experience major success even if a deal is not secured, thanks to the national platform the show provides. For entrepreneurs who do secure a deal, success is even more imminent.

In honor of World Entrepreneurs’ Day, commemorated every year on August 21, we’ve rounded up words of wisdom from Shark Tank success stories to inspire, encourage and celebrate founders everywhere.

Ask For Help, Not Money

“Sometimes it’s money we think we need, but really it’s a strategy, a road map or a path that’s required to get there. Don’t be afraid to ask for help and advice from successful people.”
– Bryan Cantrell, Co-Founder of Radiate Outdoor Supply

Stay Calm & Founder On

“There are highs and lows all the time as an entrepreneur. Stay even-keeled, know things aren’t going to go exactly as planned, and keep moving forward.” –  Sean Bingham, Co-Founder of Adventure Hunt

Use Your Voice

“When you have a big voice, make sure that you give others a voice behind you, and that you’re not only growing yourself but helping others grow and giving your expertise to others.” – Mikaila Ulmer, Me & The Bees Lemonade

Find Your Tribe

“Put together a great team, both internally and with outside partners, that excels in each area of the business. I’m the creative guy, so when I started Buttercloth I found the best people I could to help with marketing, finance, and operations. We have an awesome team and that is what is driving our success.” – Danh Tran, Founder of Buttercloth

Just Do It

“You can have the greatest idea in the world, but it’s whether you activate on that idea or not, that’s what makes you special.” – Alyson Richards, Co-Founder of Ten Thirty One Productions & Tailgate Fest

Hard Work Pays Off

“Be relentless in your pursuit of success. You need to have grit and perseverance to succeed, not just a good idea, so make sure you surround yourself with people as hardworking as you are.” – Brandon Leibel, Co-Founder of Sand Cloud

Connect With Customers

“If I had to give a piece of advice to my fellow entrepreneurs, I would say focus on your customer base. Make it easy for past customers to interact with your brand, and for future customers to learn about why you are unique. Past customers can easily become brand ambassadors if they’re excited about your product and willing to share it with their friends.” – Nick Morton, Co-Founder of Tipsy Elves

Learn, Sell, Grind, Help

“Know your business and industry better than anyone else and realize that you have to always be learning, selling, grinding, and helping. These create the foundation of every good business.” – Mark Cuban, Shark Tank

Caroline James is an Entertainment Columnist at Grit Daily. Whether it's about a founder following their passion or a band making waves in the music industry, she loves telling stories that influence and encourage others. When she's not writing, Caroline loves eating tacos, traveling to new places, and binge-listening to true-crime podcasts.

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