NEW YORK (TheStreet) -- Mohamed El-Erian, the chief economist adviser at Allianz, recently said investors expectations are too high when it comes to the economy, while individuals and businesses are less willing to take on risks. However, there's at least one person who may disagree with those comments.
At the age of 8, Herjavec and his family boarded a boat from Croatia to Canada, looking to start their new lives. Canada provided Herjavec's family with a new opportunity and today, the U.S. still provides that opportunity for anyone willing to take it, he says.
"If you have a goal and are willing to work hard, you can still get ahead in this country," he said, adding, "Can you get wealthy? Maybe, maybe not. But you can get ahead and make a good living."
Herjavec also runs an Internet security business called the Herjavec Group. With roughly 300 employees and $150 million in annual sales, the company is growing at about 30% to 40% per year, he said.
The industry's growth remains robust, as more and more people continue to connect to the Internet. There's still "a lot of upside" here, he added.
The retail sector has also been pretty hot, he said. It just goes to show that there are so many opportunities out there for people to take advantage of. "I'm very, very bullish on the American economy right now," Herjavec said.
However, when it comes to outsourcing work outside of the country, Herjavec wasn't ready to stand and argue that it's necessarily a bad thing. For some products, failing to outsource the work to lower the production cost can be a poor strategy.
Another business will ultimately do it and "kick your ass" as a result, he said. Look at Apple (AAPL) as a prime example. The company makes high-quality products, but manufactures its devices overseas.
There's no uproar about that, Herjavec said, adding that moving production overseas allows companies flexibility when it comes to hiring higher-quality jobs back home.