Kevin O'Leary Gets Real About Why You Must Be Ruthless in Business | Inc.
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- Опубликовано: 9 сен 2018
- Shark Tank's Kevin O'Leary tells CNBC co-anchor Tyler Mathisen why all entrepreneurs and CEOs should be willing to fire anyone who doesn't fit with the business -- even if they're family.
#SharkTank #KevinOLeary #BusinessAdvice
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This guy does not mince words. Very direct and no BS. We need more people like him.
actually, politically correct speech _IS_ your thing. that's what you focus on LMAO you've made your entire online identity on it. sad and ironic
These billionaires give lots of success advice so Americans will keep having faith in a system that doesn't work for anyone in reality except a very few.
We need more people with his integrity maybe, but not his values. You can't run entire societies on pure capitalism. Like America is a hybrid of socialism and capitalism. There are several key sectors in an economy that simply must serve the citizens of it's country primarily, and seek either profit or solvency second. Like healthcare for instance.
Ikr, straight to the point, understands business ethics, management and so much more. A true role model, among others, for entrepreneurs.
plenty of bullshitters in suits already, don't need more.
Rules for a successful pitch:
-10:45 communicate idea in 90 seconds or less
-11:20 why you are the right people to execute the idea (10 mins)
-12:00 know the numbers
Thanks for the time stamps :)
Thanks brother
@@ringtoneboss1543 Don't forget 8:12 sudden realizations
Obsess over the numbers.
barbara getting excited to find a novel reason to be out
“Vision is easy, execution is hard”
I am learning that first hand. Very true. You never know what's in the box until the very moment you start opening it up.
Ouch, but yes
This is my life right now
@@victorrosales7565 what did he was the solution? Set reachable goals, be accountable. Track your progress.
@@RD1R thx for the advice I really wish i knew people as ambitious as me
He is absolutely right about putting the business first. Keeping a struggling family member or friend as an employee demoralized other employees and creates a cancerous situation in the company.
I'm impressed with Kevin O'Leary communication skills.
He is fantastic to make his points come across.
Agreed!
He's amazing. He has such clarity on everything about business that knows how to articulate perfectly every answer in a few sentences.
LOL. it’s called being a salesman
The socks are just killing me
Thats why hes mr wonderful
"The people that follow you into dark places must trust you and you must trust yourself."
More Leonardos less Raphaels
@Marc Archibald how do you know
@Marc Archibald stop projecting.
I could not agree more with Mr O'Leary with his statement that the "moment you realize it's not going to work out" is the moment you should take action (fire/move/etc) with an employee. I stayed at a big company for over 11 years, innovating and building, and didn't realize that my Director and last Supervisor saw no future for me within probably the 1st year in the department. Had they been honest and forthright right away I would have found a different job, possibly sold my house and moved. Instead, the housing crash of 2008 caused my house to drop to 1/2 what I owed, and my well-being ultimately took a life-altering hit. I was financially stuck and sadly stayed with the company for several more years.
He was spot on that managers such as these are weak.
Always be honest and forthright, but remain compassionate too.
Kevin is definitely a great mentor. He’s been through the trenches and speaks from pure experience. Love it.
What trenches? His dad was an alcoholic, but his mom was always a business executive and his step-father from the age of 10 on was ridiculously wealthy.
If that's a trench, sign me up.
@@cjj6412 nigga you just said it. Maybe he had a fucked up childhood mentally. But you broke and mad on RUclips and its projecting
@@cjj6412 you don’t shit he didn’t come from a wealthy family. His mom was doing good, stable income. Like most people. He definitely worked his ass off. Stop downplaying peoples come up.
@@Jodyjo99 exactly, he was living a middle class lifestyle with a business woman for a mother. There are a lot of ways to fail when living middle class. But he put in the work and made it.
"You don't want bad karma in business" 👏
This guy does not mince words. Very direct and no BS. We need more people like him.
There is no karma in business.
Just reputation
I am so ruthless at business i fired myself.
The ability to run a business isn't for everyone, that's why some people are entrepreneurs and business owners, and some are workers.
@@DocsDota I dont think you got the joke.
@@officialworldmonarchs that comment just killed me
Tell that to Jerry Jones owner and General manager of the Dallas Cowboys, he should’ve been fired himself😂😂😂
LOL.
Kevin is a master businessman ..funny thing people are truly overlooking..if you ARE already working with him ..he is one of nicest human beings on this planet..(never had the priviledge to work with him in person but Im positive this perception is accurate) he is a truly valuable asset to anyone he is around..the truth
I love the way he talks. I wish my professors could lecture like him.
Those who can do.
Those who can't teach.
@Kiki you're a loser
Your professors likely have pretty much only worked in academia so they're spitting book theories rather than real business life experiences. In my 4 years as an entrepreneur I've found that successful business owners curse a lot and are usually very direct.
@@theTeslaFalcon your dad was a hippie
@@diegodominguez8803
My dad was born in 1932 (Silent Generation), was stationed in Germany during the Korean War, married Mom in '58 & raised 5 kids on our small farm. He died in 2005 leaving my mom a widow after 47 years. He was certainly no hippie.
One of the best interviews I've heard in a long time. New found admiration for Kevin O'Leary.
“I make sure that we do everything that we can to find them another job”. People like this man are bound to remain successful in life.
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. pray that anyone who reads this will be successful in life.
You are right, to be a successful person in life require him or her of hard work and Time
You are right. Been thinking of going into gold and cyptocurrency
@Benjamin I totally agree with you it has been an eye-opening experience for a lot of people.
She have changed my life and financial status for the best. All thanks to my aunty who introduced me to her. She is obviously the best, trading with her gives me joy of earning
I came about Tiffany by a friend of mine and that is how I keep on trading over three months now. She had really made name for herself
"Having a vision is easy, executing that vision is hard" Damn good one Mr.Wonderful
And ohhh so true :)
That’s just common sense tbh lol
@@based_convention exactly lol
. Most people , don't won't to work for it!..
I love hearing successful ppl talk
Kevin O'Leary is so full of shit. If his lips are moving, he's lying. Today he's spewing zionist gynocentric crap.
@@dowskivisionmagicaloracle8593 dont hate .get your money up
What billionaires don't like to point out is how corrupt a person has to be to make it to the very top, most the time. They pretend it's all about hard work and smart decisions.
@DowskiVision MagicalOracle he's also full of money too
@@dowskivisionmagicaloracle8593 Says the guy with the hammer and sickle as their profile picture
The world needs more people like Mr. OLeary. Friends are friends and business is business.
My favorite shark, raw and straight to the point. Great interview
The socks are just killing me
Lmao.. i could not stop looking at it
distraction XD
Reading the comments I was going to comment this but glad we are on the same page
🤣🤣🤣🤣
"Haha. gaaaaaay!"
Don't mix friendships with business.
Very true. Business is business.
If u r a small company honest hard working friends care about success. They will go over the top 2 make it happen sometimes. Still they have 2 have consequences for bad results.
What about friends purchasing services? And the intention on delivering for them?
Jim that’s different
Read Robert Greene's the 48 laws of power I see
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.
she is the best and her strategies works like magic. I've been making over 300% of my investment weekly since I started investing with her trading service.
Can i start with $1,000? I don't have much
@Corinne Hogan Yes they are scammers in the business just like it's in every other business but they are also legit brokers out there for investors and Mrs Stacy Griffin is one of the real and legit brokers out there.
Please someone should help me here.... I lost $7500 on live trade. I thought live trade is the same as demo trade because I was winning with my demo trade account. Please this is quit frustrating. what should I do?
"I would give money to a turtle if I could get a return from him"
Haha wise words Kevin..
33 years in business, I totally understand this. No matter how I tried, I couldn't explain this to my employees.
Kevin is probably my favorite shark. If you want the truth ask him, if you want a prize and hear your great ask the others
The truth and a chance of being belittled
Kevin O'Leary is so full of shit. If his lips are moving, he's lying. Today he's spewing zionist gynocentric crap.
A lot of Americans like verbally abusive assholes. Look at how much admiration Simon from American Idol and Judge Judy got.
I tell you the truth... you're*
Shark tank is a reality TV show not a business show. You need something slightly amusing at least when running a show like this.
This session with Mr. Wonderful is so so helpful with all the solid Q&A, really loved the wisdom...
Damn, I needed to hear this like two weeks ago. It's not about being cruel or mean to people it's about being focused on your business.
i learned more in this video than i did in business classes throughout college
If it was not college you wouldn't understand this. Give some respect
Your business classes MUST have been generic and introductory in nature.
college is a waste of money
@@usa2121 So don't go that's your business.
@@9004026161086 i didnt go to college for business but have a love for it , i understood 100% what he said , some people have natural business sense
Kevin is a true businessman. No BS with him.
I have always said that Kevin would be a perfect new star of The Apprentice! He has what it takes to take it back to #1. I've love to see him there. I've watched every episode and I know he would execute.
I just finished the video and decided to hit replay immediately! A lot of great information to absorb.
Great video.
#Leggo
Thank you Harpreet!
I work in technology. You don’t have to be a knob towards people. In my life I have seen it all. There is a saying we are constantly exposed to and that saying is this. “People don’t leave jobs they leave managers”. If you’re watching this and you’re a manager always treat your staff with respect. Don’t be a snake and go behind close doors. Speak to each one and be actually interested in them as human beings. What I see kill company and office culture the most is the fact that people cannot control their emotions when under tension and lose respect for people by their tones and body language ultimately creating a negative environment. I love good vibes and positivity. It’s the only thing that matters because in the end nobody gives two shits about a firmware upgrade.
Kevin is probably my favorite shark. If you want the truth ask him, if you want a prize and hear your great ask the others
“People don’t leave jobs they leave managers' I think this is everywhere.
Great comment.
This is probably the most scared and excited I’ve ever felt watching a RUclips video and for it to be a very positive thing.
How could this possibly be scary? Very strange considering your name is "FEARLESSly observant"
Nepotism and incompetence... the basic hiring processes of Govt and City employees.
Definitely
This is in any business
Be that as it may. The biggest most profitable businesses in the world are family based..
Govt is cancer, everything must be free market, with no bailouts.
Who You Know !!! Unfortunately, not what you know!!
Those that jumped ahead based on this typically manage those that actually “Know”!
This is one of the most profound non BS talks about the real world picture of business. Pay close attention guys, he's giving it to you as real and cold as it gets.
Most people don't understand "Mr.Wounderful" he is a great business man.
Ok this video was free but taught me more about business than a finance course
Not even two minutes in and this man is dropping TRUTH!!
I love Kevin because he is so real and raw.
Phenomenal conversation. Thank you so much!
The more knowledge one has acquired the more honest (s)he is. Kevin is one of the sharpest straight shooters.
Its great to see kevin speak in such a positive fashion, after being so used to him absolutely crushing souls on shark tank lol
Really interesting interview ! I love the genuine comments from Kevin ! ... my style big time.
Always a pleasure listening to Kevin. He is the real deal!
"This rule is so underrated keep your family and business completely separated" - Biggie Smalls 10 Crack Commandments
Smokey From Friday Marc Ecko did a full show on each commandment in Biggies song and relates it to business. It’s actually really good. You can see it on the skillshare website.
Facts
walmart didn't listen to this advice
@@aryankumar87771 😂😂😂
*Pastor Hendrix; has spoken*
Kevin is freaking AMAZING! I love him so much!!! ♥️♥️♥️♥️♥️
I'm glad i didn't have to fire that many people in my company, but whenever I did, i made sure that they understood exactly why. Business is truly ruthless, and too many morons think they should tell a business owner how to run the business.
I've watched a bunch of businesses fail from sheer incompetence.
save time and still understand everything by watching at 1.5x speed
viksra how does one do that on RUclips?
MrSmoovemove use the settings button > speed on Desktop. Use the 3 dots > Playback speed on iphone or ipad
BRO YOU ARE THE BRO OF ALL THE BROS BRO!
i hope you can set your brains processing speed on 1.5 too, would not bet money on that. It is not only about understanding the words
Or 2x ^^
i always told myself, i will never ever again make business with family or friends, cause i saw the ugly side of humannature
This was such gold advices for entrepreneurs. I’m fired up right now!
I like what the Q&A section has to offer:
1. How does Kevin make difficult decision and the process he takes?
Ans: Trust your Gut
2. How to talk to people who are at the company to do good and not make money (profit + healthcare/education = Dirty word?)?
Ans: Business must make money and be sustainable so that the companies can hire people with the right expertise to do the job well in education/healthcare which is turn becomes the contribution of doing good.
3. Chasing opportunity or chasing passion, which matters most?
Ans:Everybody has passion, it is the execution that matters.
4. How to break investor's preconceived notions and show them what really matters as an entrepreneur?
Ans: That is not important, just tell the investor the acquisition cost because that is what matters 99% of the time.
What kind of characteristics and team dynamics do you look in a team before you invest in it?
Ans: Speak to the head of sales first and you will know all you need to know. Then speak to the CEO, if the CEO know less, then as an investor Kevin knows who to fire, and it is not the head of sales.
Amen!!!!!!!!! This is a performance based employees dream! Not having to worry about favoritism just my work
this guy tells you the bad and the good and the reality of it... not just motivations to no end... which is not solution... love this...
This was a brilliant interview conversation all in one.. Enjoyed it
I watch Shark Tank pretty regularly and I didn't really like Kevin. Now, I'm a nobody compared to what he has accomplished. He would have put me in his back pocket yesterday and today that hasn't changed. What has changed after listening to him for the first time outside of Shark Tank is a new found respect and admiration. I will be taking a deep dive into learning more about him and what makes him tick. Thank you to INC. for showing me another side of a very brilient man.
Kevin is one of my favorite sharks. He knows his stuff.
Kevin is a very genuine, honest, gentleman. Every point he elaborates on is 100% true. I also invest alot, I tell friends all the time. To not let losses or mistakes hold them back or weigh them down.
"There's nothing worse than vision all day long." Perfect.
Kevin - thank you so much for your words of support for women in leadership!
I just finished a book about women in STEM and will soon self publish. I hit the glass ceiling in a Director of QA/RA role. I have added reference to this video to the last chapter because it supports brain scan results by the Amen Clinic that indicate women may be better managers. I don't believe I want to go back to pharma/med device etc. because it's not possible to grow or rather climb into executive leadership. So, now, I must start my own business if I am to live up to my capability.
I wish there was uncut version of each conversation, so we could learn more about how the negotiations really are conducted
What a gifted communicator. Thank you for this great interview!
Great questions asked in this interview!
enjoyed the interview!
it is a good conversation , and I also think every entrepreneur should have two telephonies , one is for family ,and another is for others
It's a must :)
What he's really trying to say is selfishness is virtue if you want success.. because if you can't save yourself you can't save nobody
"can't save anyone". You cannot have a double negative in a sentence.
Even the interviewer was enjoying Kevin's words. Great listen.
“A manager or owner who has a high fire rate is not a good manager or owner despite the success or failure of a company”
Seems to work for low skill industries like mcdonalds or starbucks. Very high turnover but they seem to survive.
@@deanvere4839 "Despite the success or failure of a company."
Are you incapable of reading?
@Scott Knieve ^Same to you
@@HelloFriendComTech Success and survival is all that matters. A good manager does only what's best for the success and growth of the company/industry. If that means high turnover and firings, so be it.
@@HelloFriendComTech I was just providing additional information to highlight the contrary position that Mr.Wonderful expressed which is not being afraid to fire for the betterment of the company/corporation.
the gordan ramsay of business
hsea s I think he is much better than Ramsey. He doesn't behave like a raving lunatic. He's stern and stoic philanthropist who appears mean because he tells the truth.
You've obviously never met Dan Pena Lol Look him up! He'll change your fucking life.
Dan Pena is an insecure bitter old man lmao. You need new role models kid.
Food travel.com
foodtrave
Foodtravel"tv
reiwell del Brain damage from counting money all day
Oh Mr Wonderful, how awsome it is to listen to this!
I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?
Investing in Bitcoin is the number one thing one should be doing right now, although there are lots of risks the best way to invest is through cryptocurrency and Forex.
There are also organizations that help maintain your interest and protect you from the unnecessary risk which you can't predict on your own.
But sir Richard is highly recommended
💯Legit
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
"sizzle like an isotope"
Welp, I gotta put that in my rolodex of phrases.
Such a smart guy, definitely my favorite shark
Love this guy! Hell of a portfolio manager and leader!
Phenomenal. I've seen many a business die because they keep dancing with the one who brung you.
My father fired his office manager who started with him after 16 years because she forgot who owned the business.
A hard choice but a necessary one.
Rules for a successful pitch:
-10:45 communicate idea in 90 seconds or less
-11:20 why you are the right people to execute the idea (10 mins)
-12:00 know the numbers
It happens.
I had a b.p for 15-16 yrs BUT things were BAd! So I called it a end. Better focus now.
Firing an employee is surely never easy but I have been screwed by office politics and unethical bosses. Jobs are merely classes in the school of hard knocks - go in business for yourself.
Work for yourself and vote conservative. :)
Never vote conservative. They have no idea how to run the economy. They just know how to increase debt. The conservative party is dead now, unfortunately. They're just the party of Roy Moore and Trump.
@@brainxtc2171 are you trying to be funny? Its liberals racking debt... conservatives want LESS control of you and want less of your hard earned taxes. Fuck liberals / Democrats.
@@w1p3d How about you both stop getting distracted by things you will never have the power to truly challenge and make some fucking money.
Edit: dont wait for a certain party to set up your ground for success.
@@andr3s306 the beauty of being in a free country is we can stand up and say when liberals are taking too much taxes from citizens or bankrupting left leaning states.
22:25 Probably the best explanation of Cause vs. Capitalism. That alone was worth the listen.
Agreed!
Yes agreed VA
@John Galt Dough Make money through delivering a valuable product or service, not merely "get the money first." As O'Leary said - "First be focused on your customers, employees and shareholders."
Its called greenwashing
@J D and how much are you worth good sir?
Or are you such a loser that you'd rather hate the entire system than to see someone be successful?
Amazing advice. I appreciate his directness and transparency. Entrepreneurship is not for the weak!!
Keeping it 100% real. Thats why I love Kevin o leary
What a fantastic video! I follow Kevin on Instagram and just from what I see there, he’s what the tank makes him out to be. That’s just good editing. Lol
I like Kevin because he’s no bullshit and tells it how it is.
Those are the people you learn the quickest from.
Great value in this video. I need to watch it again lol
We appreciate the positive feedback! Thank you for watching.
Business is #1
Very candid conversation. Quite captivating!
This was excellent. His insight on business are keen and on point
Damn, Kevin is ruthless in business. Imagine how many founders of companies he's fired. Imagine all your hard work you put in to founding a business and your investor comes in and removes you from the company you built.
Imagine he fires you as the founder and replaces you with a better manager, and you still get rich and wealthy. Consider that? It's about what's best for the business.
RJ x
Consider the fact that as the founder of a company, no one will ever own more than 49% of my company except me. Good luck firing the main shareholder with automatic veto powers.
+Political Love. While I agree with you, he still makes a lot of good points in terms of what it takes to build a business and keep it. And sometimes, if a CEO is an issue, they need to move to a Chairmanship and let someone else take over, even if temporarily.
A players hire A players. B players hire C players. C players hire D players.
So we must ask? If A players hire A players,. then how do B players ever get hired?!
Because of the VC's who fund them, after replacing the founders.
Great chat !!! The purpose of a business is to SERVE THE COSTUMER !!!!! , TAKE CARE OF THE EMPLOYEES !!!, AND PAY BACK TO SHARE HOLDERS. Sweet !!!!!!
those are just words for dummies like you, in reality he is making millions while the employees are making dog shit. Sweet!!!!
I guess your Socialism would fix that. :)
Yeah it would. A democratic socialism. No one should be allowed to scrape money off the hard working backs of others. All companies should be democratic and employees vote on everything. Imagine that. Where employees get a fair share of the work they do, can invest their earnings, can make healthy decisions for their families, their communities and their environment. Instead we have sociopaths running things.
Democratic companies ? Hehe...
@@RachelTScott that would be horse shit. Employees already get their fair share, they get what they are worth in the market.
Awesome teacher. Extremely beneficial noise. Thank you Inc. and Kevin.
Always respected Kevin. To the point, doesn't sugarcoat anything and seems like a great businessman.
Nice to see the 'other side' of Kevin O'Leary. Great presentation..
Hi its Mark Ruffalo reaching out to my fans worldwide. Hope you’re staying safe during this pandemic..
You got to love Kevin no bullshit. Kevin was the best on Dragon's den CA that show died after he left..
Business is about money! Either you make it or you don’t. Emotions be damned.
I enjoyed and learned so much from his talk. I was so hooked I forgot I had food on the stove.LOL. Everything is okay:)
To the point and no BS. But I gotta say what's with the socks!!!
Imagine that getting fired comes with respect and ownership, a legitimate reason why, a hefty severance package and a commitment to find you another job...there is a good reason why he is at the level of business he is.
this guy probably full of bs. this is all publicity. maybe he offers good severance and mental health and few months of benefits. but that commitment to finding another job is most likely just a review of resume by some local recruiters who when they know you were fired or laidoff would ghost you in seconds. if he cared enough about low performers, he would work towards improvement plants for them. real pip to get them in shape. because some people are passionate about the work who need more time to do things.
No one, NO ONE cares after you are fired. Don't believe everything you see on your screen.
@@thedevilsadvocate3710 that's what im saying. chances are good the last bit of communication you receive from employer will be the meeting in which you are being let go. after that you are strangers. colleagues will pretend you never existed.
this is big screen bs they are selling.
This is all BS PR don't trust so easily bro, do your own analysis, no one cares about wether you exist or not after you are fired.
💯💯💯💯💯💯
Lemme just watch one more minute
44 minutes later...
lol, same happened to me, the guy is very smart, definitely good advice
EricSmyth14 same here! 😂
EricSmyth14 right🤣🤣🤣
Ahah same there’s a reason you notice the sharks a lot of times wanna hear from mr wonderful perspective before they even go in on a deal
Same same 😂
I called Kevin one day to pitch him a transportation deal that had been pitched to me and he was very polite and he asked me to contact Alex. We spoke for less than a minute many years ago and I remember clearly the nature of the man on the phone. What an absolute pleasure he was.
How did it go? What was the result of your efforts? And if it didn't work out, at least you put forth the effort to ask the right people
Love Mr. Wonderful, he truly is honest and caring, you can tell. Holding hands and singing we are the world doesn't serve anyone. Great video.
The guy is so freaking shrewd very intelligent
I love this. I agree about not confusing business with charity.
yeah don't forget get he did say its poossible too change the business dna tosomething amazing but its best to not confuse
Out of net profits give to charity or start an organization. Tom’s will fail. They rested on their laurels.
These are great videos to watch if you want to start a business, he has so much knowledge he giving so much game!! Taking plenty notes 📝
This is such a great discussion! Kept it real! VA
LOVE THIS!!!!
2 phones just went on the list.
It's a must
As the CEO, my job is to fill every key position with people who can do the job better than I can. If they don't the fault lies at my feet.
As a rising business person myself, the only way to go is to fend for yourself. People aren’t trying to help you, they’re trying to better themselves. Selfish is what I’m called, but that’s too bad