LOS ANGELES—“What do you ask a billionaire?” I ran this question through my mind as I stood on the red carpet. I had the rare opportunity to interview John Paul Dejoria, co-founder of Paul Mitchell hair products and founder of Patrón tequila, at the City Gala, an Entrepreneur-sponsored event that’s all about entrepreneurship and creating a brighter future through charity.
As the founder of Osmond Marketing, I had many questions to ask. How do you hire well? How do you create a great culture? How do you scale effectively? But the one burning question I had was, “What advice can you give us business owners?”
Here’s what Dejoria had to say.
Be prepared for rejection.
First and foremost, Dejoria said that anyone who is embarking on a business venture should be ready to hear the word “no” a lot.
“It’s going to…