Downturns are the best time to start businesses because you develop discipline that's very lean and mean in terms of how to spend money. And those habits serve you very well in good times.
Kevin O'LearyImagine how foolish you'd look if, like one clever salesman who once pitched to me, you tried to license your product to a big industry player without knowing they just launched a competing product. With the right background research, he could have avoided that and other landmines - and so can you.
Kevin O'LearyUntil Americans feel that their core asset - their homes - are stabilized, they are not going to have the animal spirits and they will continue to have less buying power.
Kevin O'LearyBeing an employee is a bad outcome. You want to avoid that. Being an employee is never a good outcome. That's just an opinion.
Kevin O'LearyThe biggest mistake entrepreneurs can make is trying to do everything themselves. They usually blow up when they try. I did an inventory of every deal I've ever done and it turned out that every single deal I made money on was a partnership, and every colossal failure, where I lost millions, was something I tried to do by myself.
Kevin O'Leary