Advice from my mom that I use in business

Kevin O’Leary, investor on ABC’s “Shark Tank,” is known for being blunt – even when it seems harsh. And it stems from something he lear...

Kevin O’Leary, investor on ABC’s “Shark Tank,” is known for being blunt – even when it seems harsh. And it stems from something he learned from his mother, Georgette.

“It’s easy to lie to people because you want to keep them feeling good. You don’t want to tell them the truth,” O’Leary tells CNBC Make It. “But she told me, ‘If you never lie to anybody, even though it’s hard to tell the truth, you never have to remember what you said, and you never get caught in a lie.'”

“My mother’s point was, why not just tell the truth [and] take the heat on the moment?” O’Leary continued. “You’ll never have to take the heat again. You’re taking [the heat] because you want to be honest and people will respect you for that.”

O’Leary says he had to learn this “the hard way, but she taught me.” Now, O’Leary shares the same advice with his adult kids, Trevor and Savannah.

O’Leary says he also continues to follow his mom’s advice as an entrepreneur and investor by being brutally honest, even when it is difficult, because “once you’re caught in a lie, you can never get back that equity.”

If “a partner comes up to you and wants to know something and you lie to them, you will get caught and they will lose faith in you forever,” he says.

The same goes for “Shark Tank,” he says.

“I get a lot of trouble on ‘Shark Tank’ [for] being honest,” says O’Leary, who Barbara Corcoran dubbed “Mr. Wonderful” after he gave a particularly harsh critique on the show.

“I tell the truth,” says O’Leary. “When the business really sucks, I tell them it sucks. They don’t like to hear it.”

But being up front isn’t the only thing O’Leary’s mom taught him: “My mom taught me a lot about business and how to invest,” he says. “She started [investing] at a very young age and she taught me.”

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”

Check out: Use this calculator to see exactly how much your third coronavirus stimulus check could be worth

Don’t miss:

Source link



Africa,776,Americas,4047,Art & Culture,14507,Arts,6387,Arts & Design,1572,Asia,3167,Automobile,446,Baseball,552,Basketball,451,Books,3779,Business,5222,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1444,Dance,629,Defense,836,Diplomatic Relations,2496,Economy,1062,Editorial,260,Education,1160,Elections,308,Energy & Environment,3040,Entertainment,22377,Environment,3522,Europe,4115,Faith & Religion,235,Family & Life,817,Fashion & Style,3143,Finance,19463,Food & Drink,3632,Football,1066,Games,97,Gossip,10289,Health & Fitness,3971,Health Care,923,Hockey,213,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,16618,Media,527,Middle East,1447,Movies,1616,Music,2539,Opinion,2831,Other,11607,Other Sports,4924,Political News,11324,Political Protests,2324,Politics,17533,Real Estate,1744,Relationship,77,Retail,3116,Science,2531,Science & Tech,9695,Soccer,196,Space & Cosmos,316,Sports,11834,Technology,3326,Tennis,539,Theater,1610,Transportation,313,Travel,2487,TV,3581,US,12,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,15959,
Newsrust - US Top News: Advice from my mom that I use in business
Advice from my mom that I use in business
Newsrust - US Top News
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content