Robert Herjavec, cybersecurity entrepreneur and 'Shark Tank' investor, told CNBC that his directive to small businesses is to do whatever it takes to survive.
, cybersecurity entrepreneur and "Shark Tank" investor, told CNBC that his directive to small businesses is to do whatever it takes to survive the coronavirus crisis.warning on Wednesday to the next level, saying that "hell is here."
The Herjavec Group founder and CEO said that his "mandate for every small business is survival," adding that "companies are drowning every single day" as many parts of the economy come to a complete halt. Herjavec said he's operating on a day-to-day basis, saying his "long-term" planning is one week. Businesses cannot last making zero money, he added.
He said the government is acting very quickly, but he's not sure the broad stimulus plans being discussed are going to keep small businesses afloat. Herjavec, who owns stakes in dozens of small and medium sized businesses as part of his "Shark Tank" portfolio, said he'd like to see the government forgive business taxes and rent.
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