After two decades as a professional athlete, former Major League Baseball star Alex Rodriguez is making a name for himself in the business world.
As the CEO of A-Rod Corporation, a holding company for his various investments, which include real estate, property construction and fitness, Rodriguez grew a small real estate company into a huge entity that manages more than 15,000 apartment units in 12 states.
A-Rod will also become the first Hispanic shark on ABC's "Shark Tank" during the show's forthcoming fall season.
When asked what advice he'd give to anyone starting up a new business — "Shark Tank" hopefuls in particular — at the the eMerge Americas conference in Miami, Fla. on Tuesday, Rodriguez kept it simple: Take your time.
"My advice would be: Slow and steady wins the race," he says.
Figuring out how to run a business and getting any new venture off the ground will come with a period of trial and error, and that's okay. Young entrepreneurs shouldn't be afraid to make mistakes, Rodriguez says.
To illustrate his point, he shares — what else? — a baseball analogy: