Known as the ruthless businessman on ABC’s hit show Shark Tank, Kevin O’Leary has proven to be a savvy entrepreneur with a keen eye for success. With a net worth of over $400 million, he is not one to shy away from sharing his strategies for building a successful business. Whether you’re a budding entrepreneur or a seasoned business owner, here are three key strategies from “Mr. Wonderful” himself that can help take your business to the next level.

1. Leverage Debt to Grow Your BusinessO’Leary believes that taking on strategic debt can be a powerful tool for growing your business. Instead of being afraid of debt, he recommends using it to your advantage by investing it into your company’s growth. However, he also stresses the importance of being cautious and calculating with your debt and making sure that it will ultimately lead to a positive return on investment.

2. Always Focus on Your Bottom LineAs an investor and entrepreneur, O’Leary is always laser-focused on the bottom line. He believes that profitability should be the number one priority for any business, and that any decision should be based on its potential impact on the bottom line. By constantly evaluating and optimizing your company’s financials, you can ensure that your business is always on the path to success.

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