'Shark Tank' Judges Say Successful Entrepreneurs Share These 5 Traits

We asked the judges to weigh in on which characteristics can lead to wealth.

learn more about Jonathan Small

By Jonathan Small

Rodin Eckenroth | Getty Images

Succesful entrepreneurs consider themselves mavericks and disruptors -- people who shatter the status quo. And it's true that most of them made their fortune by thinking differently.

But the truly successful may not be as unique as they'd like to think. According to the Shark Tank judges, they all share common characteristics, good and bad, that have made them very rich. Here's their take on millionaire-billionaire traits.

Related: The Biggest Risk 4 Judges on 'Shark Tank' Ever Took

They fail forward.

"The most succesful people I know bounce back, are resilient and use failure as a learning experience. They don't fail twice, and when they do fail, they fail fast! I also find that successful people have a passion to accomplish something bigger than themselves. Maybe it's for family, maybe for the community, maybe to change the world -- but they are driven by something other than themselves and money. Passion can fuel you through good times and bad as a business owner."

-- Robert Herjavec

They need attention.

"Successful people have a tremendous need for attention -- which means they were injured as a child, didn't get enough attention or something went awry. They also have a huge amount of energy. If you don't have the energy, you're not going to work an 80-hour week."

-- Barbara Corcoran

They don't take no for an answer.

"A no is a definite maybe. They will move on. They'll get up before everybody, they'll go to bed after everybody, and nobody can stop them, no matter what."

-- Daymond John

Related: The Motivating Morning Routines of 4 Successful Sharks

They're type-A.

"Everyone knows everything, everyone's an expert and everybody's aggressive."

-- Bettheny Frankel

They're visionary.

"Most successful people are very confident, driven, risk-takers, highly motivated, decisive and they don't take no for an answer. They see possibilities where others see obstacles and they're creative thinkers that think outside of the box. They tend to not follow a normal path but blaze their own trail."

--Lori Greiner

Jonathan Small

Entrepreneur Staff

Editor in Chief of Green Entrepreneur

Jonathan Small is editor-in-chief of Green Entrepreneur, a vertical from Entrepreneur Media focused on the intersection of sustainability and business. He is also an award-winning journalist, producer, and podcast host of the upcoming True Crime series, Dirty Money, and Write About Now podcasts. Jonathan is the founder of Strike Fire Productions, a premium podcast production company. He had held editing positions at Glamour, Stuff, Fitness, and Twist Magazines. His stories have appeared in The New York Times, TV Guide, Cosmo, Details, and Good Housekeeping. Previously, Jonathan served as VP of Content for the GSN (the Game Show Network), where he produced original digital video series.

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