Publish date:

Shark Tank's Kevin O'Leary: Know Your Numbers

Shark Tank's Kevin O'Leary breaks down common mistakes that entrepreneurs make.

Shark Tank's Mr. Wonderful, Kevin O'Leary, sits down with TheStreet's Scott Gamm.

He discussed the biggest mistakes he has seen entrepreneurs make during his eight years on the show.

He stressed the importance of the elevator pitch, saying contestants only had about 90 seconds to communicate your business plan.

He also warned against coming into the Shark Tank and not knowing your numbers or being able to explain why you are the right person to execute your vision for the business.

TheStreet Recommends

Watch More:Kevin O'Leary's full interview 

Shark Tank Star Kevin O'Leary on Why Tesla Shares Are Set to Crash

Shark Tank's Kevin O'Leary Explains Why He Doesn't Own Individual Stocks

Shark Tank's Daymond John: The Most Common Mistakes Entrepreneurs Make

This article was written by a staff member of TheStreet.