As one of the sharks on ABC’s hit show “Shark Tank,” Kevin O’Leary is known for his no-nonsense approach to business. With a net worth of over $400 million, O’Leary has proved himself to be a successful entrepreneur and investor. Here are his top three tips for achieving success in the business world.

First, O’Leary stresses the importance of having a clear and concise business plan. He believes that without a solid plan, a business will inevitably fail. This plan should outline your goals, target market, and a clear path to profitability. O’Leary also emphasizes the need to constantly reassess and tweak your plan as the market and industry changes.

Second, O’Leary advises entrepreneurs to never let their emotions get involved in business decisions. He believes that emotions can cloud judgement and lead to poor decision making. Instead, he encourages business owners to make decisions based on data and facts, rather than personal attachments. This detached approach to business has proven to be successful for O’Leary, as he is able to make rational decisions that benefit his companies and investments.

Lastly, O’Leary stresses the importance of being financially responsible. He believes that businesses should always strive for profitability and be cautious in their spending. O’Leary has coined the term