To those points, Kevin O'Leary, a CNBC contributor and an investor on ABC's "Shark Tank," has some advice for small business owners.First of all, "people are scared," says O'Leary. That means not all your customers may feel comfortable returning.by predictive analytics company First Insight conducted on April 20, only 43% of Americans surveyed feel comfortable returning to local small businesses.
So, says O'Leary, "don't put any specific targets in place because you don't know what it's going to be like.... Obviously, you're going to have social distancing, and [it] may be very hard to be profitable if you're expecting people to come to your store somewhere.""People are still out of their mind worried about this virus, and they're going to take a long time to forget about it," he says. "So, you have to stay alive for that day.
All in all, O'Leary believes "America will spring back so fast when people feel safe again. It'll be great. Baby steps," he says.The best credit cards of 2020 could earn you over $1,000 in 5 years
MakeIt That’s good advice for anyone anytime and always has been.
MakeIt Evergreen story.
MakeIt Meanwhile
MakeIt Videos that The Republicans Don't want you to see!
MakeIt There is a reason why he does not work in Canada, people can’t stand him over there, he’s on the same level of narcissism as Trump.
MakeIt Stop it with the O’Leary tweets. I’m sure you can find other investors that have better advice.
MakeIt It’s not his advice, it’s his mom’s
MakeIt Not super helpful, most businesses are aware that cutting costs is a good idea, a biz w a 3% margin is probably already trying to be as thrifty as it can be, and when business is down 10%, I can't think of any tips that would save them.
MakeIt This guy is a joke.
MakeIt Why worry when everyone gets bailed out? trumpbubble
MakeIt
MakeIt FOX NEWS good or bad it's the truth.
MakeIt CNBC is Dem=Liberal hate propaganda, don't believe anything they say.
MakeIt Sadly I'm not very optimistic about this advice Kevin... kevinolearytv
MakeIt You’ve been closed for months now squeeze those pennies.
MakeIt Duh.
MakeIt Preach!
MakeIt Let me guess: 'brew your own coffee and stop eating avocados'
MakeIt president of Death. 😈
MakeIt No to Biden
MakeIt Thank you. I will stay thrifty. 😎✌
MakeIt I totally concur.
MakeIt Just remember, if you dont get it right the first time, you can get another chance after your state reopens again
MakeIt 🙄 that should be a daily practice for any business.
MakeIt 👀
MakeIt Mr O Leary I have been trying to get ahold of anyone who can help me with my invention ideas I want to give 80% to you or anyone who can push my ideas to the market for a return. I would like to get 20%. I have more than 20 invention ideas.morprotection73gmail.com
MakeIt Thank you captain obvious
MakeIt 'Don't give away stuff for free.' 'Don't let people steal stuff.' 'Don't buy too much stuff.' 'Don't sweat the small stuff.' 'Most important, don't buy coffee by the cup or gum by the stick.'
MakeIt Stating the obvious. No small business owner ever has the luxury of wasting money, even in the best of times.
MakeIt Brazil reported 904 coronavirus deaths and 27,075 new cases over the last 24 hours....
MakeIt Save $$.
MakeIt Genius.
MakeIt And never vote Dnc. Ever.
MakeIt The Fed will be mad that he suggested saving money
MakeIt Sounds like short hours with mininal employment.
MakeIt They already are. That's how we survive in the first place.
MakeIt Look at his charming pro Zionist face
MakeIt Thanks mom , nice
MakeIt Coming from the bald guy that spends 3 grand a year on haircuts.
MakeIt By thrifty, are you suggesting I buy my ammo in bulk?
MakeIt Practice driving a boat you fuck
MakeIt
MakeIt Should we let looters steal our inventory?
MakeIt Well he'll need to be as CNBC is planning on cancelling Shark Tank to put on right wing talk shows!
MakeIt His advice should be to never open a business in a democrat run city or state.
MakeIt Rich tub of goo gives advice to non-rich folks. OK.
MakeIt This is one stupid SOB.
MakeIt probably a good time to invest in glass window manufacturers
MakeIt If they weren’t thrifty before not likely to change long term
MakeIt How about you cover the Fed the middle class with monetary policy? CNBC is a joke.
MakeIt Kevin O’Leary is a sociopath that lies to people in order to maintain a system of exploitation. Let NickHanauer break down some of those lies and misconceptions.
MakeIt
MakeIt He is the biggest jerk and the worst shark !!
MakeIt It's common sense. Small Business owners need support and not being told to lower expectations
MakeIt He’s so out of touch it’s almost funny
MakeIt
MakeIt ... and don't buy coffee by the cup.
MakeIt the dems are coming for you kevie boy.
MakeIt Wow that is beyond revolutionary!
MakeIt He needs to practice paying a tax rate of 70%.....see the future
MakeIt No value added group: Kudlow, Portnoy, Leary and Steve Brannon. Don’t understand why these 🤡‘s keep getting airtime
MakeIt kevinolearytv Kevin, I think small businesses just got a crash course in thriftiness lol.... thanks for the profoundly deep advise smh
MakeIt Brilliant...so insightful. Let me clue you in on a little something that most small businesses already know...it's how to be thrifty. Save that advice for the big businesses...or the biggest one of them all (the Federal Gov't).
MakeIt Idiot
MakeIt Don’t let your wife drive the boat
MakeIt Profound. Thanks!
MakeIt The criminal CNBC Concast boiler room operation loves to promote this criminal every day
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Source: BusinessInsider - 🏆 729. / 51 Read more »