Kevin O’Leary, also known as “Mr. Wonderful” from the hit show Shark Tank, is a successful entrepreneur, investor, and author. With years of experience in the business world, O’Leary has become a highly sought after source of business advice. Whether you are a seasoned CEO or just starting out in the world of entrepreneurship, here are Kevin O’Leary’s top 5 tips for achieving success in business.

1. Know Your Numbers: According to O’Leary, knowing your numbers is crucial for any business. As an investor, he looks for entrepreneurs who have a strong understanding of their financials. This includes knowing your profits, margins, and costs. Building a successful business starts with a solid financial foundation, so make sure you are tracking and analyzing your numbers regularly.

2. Focus on Profitability: O’Leary believes that businesses should prioritize profitability over growth. While growth may sound impressive, it means nothing if your company is not making money. As an investor, O’Leary always asks entrepreneurs, “how are you going to make me money?” So when making business decisions, always keep profitability in mind.

3. Constantly Innovate: In today’s fast-paced business world, O’Leary stresses the importance of constant innovation.