'it's Not About You': How To Fire Someone Effectively, According To Kevin O'leary

Kevin O'Leary says that firing personification is nan astir challenging facet of leadership. Luckily nan "Shark Tank" prima and multimillionaire entrepreneur has immoderate tips for firing effectively.

In a societal media clip posted to Instagram connected Thursday, O'Leary outlined really he thinks astir firing personification and really he goes done pinch it. The clip appears to beryllium a repost of O'Leary's remarks astatine nan iCONIC: Seattle normal successful April 2016.

First, O'Leary said that nan infinitesimal to occurrence personification is erstwhile you admit they aren't correct for nan job. Delaying nan firing isn't adjacent to them.

"It's not astir you," O'Leary said. "It's not adjacent to them and to nan group they are moving pinch and nan squad that they're information of."

Related: Kevin O'Leary Says This Is nan One Skill He Looks For successful a Leader — But It's 'Almost Impossible to Find'

When nan firing is taking place, nan astir important constituent is explaining why it is happening to nan person.

"I do that myself," O'Leary said. "It's nan hardest constituent to do."

This information is basal though, O'Leary explained, because otherwise, nan personification won't study point from it.

After nan termination, O'Leary makes judge that nan affected worker gets a "fantastic package," counseling, and everything they petition to find different business — arsenic agelong arsenic nan business isn't pinch his company.

Related: Kevin O'Leary Is Launching a New Agency With nan Founder of Shazam — Here's Why He Says It's a Game Changer

Despite nan mixed emotions that recreation pinch letting an worker go, O'Leary says firing is simply a basal information of leadership. If you can't make cuts to your team, "you're nan incorrect leader" for nan organization, he said successful nan video.

O'Leary was fired once, too. As a teenager, he worked astatine a promenade scooping crystal cream. He refused to scrape gum disconnected of nan floor, stating that it wasn't information of his business description, and was fired for it.

O'Leary credits that infinitesimal arsenic nan commencement of his entrepreneurial recreation — connected that day, he swore he would ne'er activity for anyone else.

"That was nan opening of my journey," he said successful an question and reply that aired successful 2013.

Related: How Kevin O'Leary Overcame 6 Formative Failures