'Shark Tank' Investor Robert Herjavec Explains How to Know You Should Quit Your Job and Become a Full-Time Entrepreneur

42nd Annual American Music Awards - Arrivals

By Richard Feloni

Tipsy Elves cofounder Nick Morton went through 10 years of higher education so that he could become a dental specialist.

So when he and his cofounder Evan Mendelsohn made a deal with "Shark Tank" investor Robert Herjavec and sales of the company's holiday sweaters starting taking off, Morton was confronted with a difficult decision.