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Mark Cuban didn't want to invest in Genius Litter — until a bidding war between his "Shark Tank" co-stars annoyed him into changing his mind. If it's a high pH or a low pH, it will tell you if there's a potential health issue," said van Meer. That allowed him to put $1 million of his own cash, plus another $1 million already raised from other investors, into launching Genius Litter. "I want to build and scale this business and then sell it [strategically]," said van Meer. van Meer asked, countering with 10% split evenly among the three investors.
Persons: Mark Cuban, Ramon van Meer, van Meer, Van Meer, Robert Hervajec, Emma Grede, Herjavec, Lori Greiner, Kevin O'Leary, Lori, O'Leary, Van Meer wasn't, Greiner Organizations: ABC Locations: Austin , Texas
Imagine this: You go to the office to grab your morning coffee and some conversation with your team. This is called "coffee badging," and more bosses should get behind it instead of forcing strict in-office mandates, says Frank Weishaupt, CEO of Boston-based Owl Labs, which makes video conferencing equipment. Employees agree, with 58% of hybrid workers saying they coffee badge, according to Owl Labs' 2023 State of Hybrid Work report. In 2024, great bosses will ditch their outdated workplace practices, according to Weishaupt, who has more than 20 years of executive experience at companies ranging from startups to Yahoo. Here are two other things that great bosses will encourage at work this year, he says:
Persons: Frank Weishaupt, Weishaupt Organizations: Boston, Owl Labs, CNBC, Employees, Yahoo
"To spend more time with my family and because I believe the next wave of revenue generation is around real estate and entertainment and those aren't my strengths," the billionaire responded. Cuban has never been shy about pointing out where his strengths lie, saying in the past that he is "really, really, really good at sales." Those pursuits make more sense for the Adelsons, who have a long history in the entertainment, casino and real estate space, Cuban said in a pre-game interview on Dec. 27th. It's because of their real estate empires that they've built," Cuban said. It's been hard enough learning the pharmacy and basketball business, let alone trying to learn real estate as well."
Persons: Mark Cuban's, it's, Miriam Adelson, Cuban, Adelson, It's, Sheldon Adelson Organizations: Dallas Mavericks, NBA, Cuban, Twitter, ESPN, Las Vegas Sands, Forbes, Vegas Sands, Mavericks, CNBC Locations: Las Vegas, Texas, Cuban
If you're already feeling overwhelmed by mounting work assignments, performance reviews or goal setting for the rest of 2024, you aren't alone. In those moments when your stress becomes overwhelming, experts say calming practices like meditation and grounding techniques can help. In fact, life coach and former monk Jay Shetty has a simple hack that he says can help you stay mentally sound, he tells CNBC Make It. "I was introduced to it when I was a monk, [and], for me, it's a really great grounding technique," Shetty says. So when we capture the energy and environment in our minds, through all of our senses, it means all of the senses are present, and we're fully there."
Persons: Jay Shetty, it's, Shetty, Matthew Tull, Tull, you've Organizations: American Psychological Association, CNBC, University of Rochester Medical, Behavioral Health Partners
A bird-feeding face mask may seem like a gag gift, but HummViewer's success since appearing on ABC's "Shark Tank" is no joke. "In less than a day after appearing on 'Shark Tank,' we sold out of 1500 units, equaling $102,000 in sales," Joan said. In the eight months after their segment, they brought in $350,000 in revenue and quit their full-time jobs, they said. The couple hoped Lubetzky could help them with retail and marketing, which he did, John said. Being on the show was a "life-changing success that came with some problems at the same time," said Joan.
Persons: Joan, John Creed, Daniel Lubetzky, John, Lubetzky, it's Locations: Loveland , Colorado
Over those two decades, and especially since the Covid-19 pandemic, Weishaupt says he's observed and learned from shifts in the workplace. Right now, he is embracing flexible work, believes employees shouldn't be micromanaged and encourages his workforce to dress comfortably, he says. Companies like Amazon and Disney have enacted stringent in-office work policies in recent months, with some citing reasons like office costs and employee productivity. And if I choose to be in the office the remainder of the day to finish my work, I'll do it. Embrace a more casual dress codeFlexible work arrangements may challenge your office's traditional dress code of suits, below-the-knee skirts and dress shoes.
Persons: Frank Weishaupt, he's, shouldn't, Weishaupt Organizations: Boston, Owl Labs, Yahoo, Disney, Gallup Locations: Weishaupt, United States
At some point during your teenage years, you probably developed an idea of what "success" as an adult would look like. Sticking to that definition as an adult is a surefire way to end up unhappy, according to serial hospitality entrepreneur and New York Times bestselling business author Chip Conley. "And we either tried to emulate that and live up to it, or we in some cases rebelled against it. Rather, you should "acknowledge the negative aspects ... [and] evaluate whether there's another way to think about the situation," she noted. I wonder if I can change anything about this situation or my expectations about it," wrote Maenpaa.
Persons: Chip Conley, Conley, David Blanchflower, you've, Jenny Maenpaa Organizations: New York Times, Harvard Business, Dartmouth, Procter & Gamble, Hospitality, Modern Elder Academy, CNBC
You don't have to be a high school graduate — or an adult — to win over investors on ABC's "Shark Tank." "You're a great example for kids out there who want to be entrepreneurs," Mark Cuban added. "They're going to help us [with] prototypes, manufacturing, distribution ... They're going to get us in stores like Target, Walmart, Kroger and Costco." There's no way they're not going to buy you out."
Persons: Nathaniel Wellen, Wellen, Lori Greiner, Mark Cuban, Nathaniel —, Greiner, Barbara Corcoran, Kevin O'Leary, O'Leary, " O'Leary, Robert Herjavec, Herjavec, You've, Robert Organizations: Target, Walmart, Kroger, Costco, CNBC Locations: Los Angeles
Instead, they recognize and learn from patterns, a skill that highly successful people implement, according to billionaire Michael Rubin. Rubin is the CEO and founder of sports merchandise retailer Fanatics, a company that's helped him amass a reported net worth of $11.5 billion. "It's a really important skill in business, because I think it's predictive of the future," Rubin said. "If I like them, as soon as they leave, I go out and start calling people that I knew that we have in common to recognize patterns. Whether he's making business decisions or playing blackjack, Rubin said he relies on the skill to make good choices: "Pattern recognition is everything.
Persons: Michael Rubin, Rubin, that's, Jay Shetty's, " Rubin
This skill is also known as active listening, and it requires more than just sitting in silence while someone speaks. "Active listening is when someone can listen to you at length, truly taking in what you're saying, and not interrupt," Maenpaa says. "Active listeners respond with questions because they are genuinely curious about what you're saying. Some people are "naturally gifted with [active listening skills] from an early age, and often receive feedback like, 'You're so easy to talk to!' or 'I feel like I'm the only person in the room when we talk,'" says Maenpaa.
Persons: Jenny Maenpaa, Maenpaa, Amanda O'Bryan Organizations: CNBC, University of Southern Locations: New York, University of Southern California
Sometimes, striving for perfection can stunt your success — or, at least, keep you from landing a six-figure deal on ABC's "Shark Tank." Kelly, 36, is the founder of Anchorage, Alaska-based Heather's Choice, which sells lightweight, packable meals — just add hot water — and ready-to-eat snacks for outdoor adventurers. An adventurer herself, Kelly started the company in 2014, and raised $1.3 million in fundraising by the time of the episode's taping, she said. Heather's Choice had its first million-dollar revenue year in 2022, indicating an upward trajectory, Kelly noted. Instead of building upon the smaller and cheaper packaroon, the investors advised Kelly to market her meals to a wider audience, like students and working professionals.
Persons: Heather Kelly, Kelly, Heather's, You've, Mark Cuban, Lori Greiner, Candace Nelson, packer, Heather Locations: Anchorage , Alaska, Alaska
Having imposter syndrome isn't fun — but it can be the key to unlocking your potential, according to Barbara Corcoran. In a recent TikTok video, the 74-year-old real estate millionaire said professionals should be grateful to have such self-doubt. "If you're struggling with imposter syndrome, good for you," she said. When you make it a habit to try harder than your peers, you'll inadvertently build self-assurance, Corcoran said. Corcoran, a co-star on ABC's "Shark Tank," even looks for imposter syndrome among the show's contestants — so she can prioritize investing in their companies.
Persons: Barbara Corcoran, you'll, Corcoran, I've Organizations: General Internal Medicine
That first year, Build My Burgers brought in $584,000 in revenue, according to documents reviewed by CNBC Make It. 'We are big foodies'When you ask the Pakistan-born entrepreneur why he chose to open a burger restaurant, his answer is pretty simple. Initially, Lalani wanted to become a franchisee, owning and running an outpost of an extant restaurant chain. Aly and Zahra Lalani at the Build My Burgers restaurant in Orlando, Florida. They designed the restaurant's logo and interior — from the wall art to the orange and black color scheme — to give off the appearance that it was already a successful chain, Lalani says.
Persons: Aly Lalani, wasn't, Lalani, , Zahra, Aly, Zahra Lalani, Andrea Desky, Covid Organizations: CNBC, Zahra's Locations: Orlando , Florida, Pakistan, Orlando
Mark Cuban says smart businesses embrace diversity, equity and inclusion. That's a stance at odds with some recent high-profile skepticism of the organizational framework from fellow billionaires Elon Musk and Bill Ackman. "Let me help you out and give my thoughts on DEI," Cuban told Musk on X, formerly known as Twitter, on Wednesday. "Good businesses look where others don't to find the employees that will put your business in the best possible position to succeed." Cuban pushed back against the notion that that's what DEI policies call for.
Persons: Mark Cuban, Elon Musk, Bill Ackman, Musk, George Floyd's Organizations: Tech, Google, Meta Locations: Cuban
That may seem counterintuitive, given the plethora of online scheduling websites and mobile apps available today. I, myself, prefer to write a calendar," she recently said in a free, live Q&A with her Patreon community. What's going to come first?" The next step, which Corcoran called her "secret," is figuring out which goals you want to assign to which days, and group related tasks together. "Declare a specific day for getting done" what you need to accomplish on a specific project, she said.
Persons: Barbara Corcoran's, Gail Matthews, Corcoran, she's Organizations: Dominican University
That's according to bestselling author and leadership expert Simon Sinek, who recommends setting goals that focus more on the process of self-improvement than specific outcomes of future scenarios. "There's no such thing as winning," Sinek said recently at the 2023 World Business Forum summit. Don't miss: Remove 1 word from your workplace vocabulary, says bestselling author Simon Sinek: ‘We’re all guilty of this’That doesn't mean you can't work hard to get ahead. There's no such thing as winning education and there's definitely no such thing as being No. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Simon Sinek, Sinek, Emmanuel Acho, Acho, That's, There's, there's, Warren Buffett Organizations: TED, NFL
When Blue Ivy Carter made her on-stage performance debut during her mother Beyoncé's Renaissance World Tour in May, the accomplishment didn't come without controversy. "There [were] lots of negative things that people had to say," Carter, 11, said during "Renaissance: A Film by Beyoncé," a documentary and concert film released on Friday. Joining her mom's tour was already a one-time deal — a reward for practicing her dancing and showing her commitment to building a work ethic, Beyoncé said. The film cut directly to the tour's final show in Kansas City, Missouri, where Carter joined Beyoncé on stage again, seemingly more confident and comfortable this time around. "I feel so honored to be on stage with you," Beyoncé told her daughter, in the documentary.
Persons: Ivy Carter, Carter, Beyoncé, could've, didn't, Carter's Locations: Paris, Kansas City , Missouri
In addition to his comedy, actor Kevin Hart owns a plant-based restaurant chain, a tequila brand and an entertainment and production company called HartBeat. The single thread between them all, and the "secret weapon" to his success, the 44-year-old said in a recently published MasterClass course: the power of humor. "Humor has acted like the master key to every door that I've [gone] through," said Hart. In much tougher moments, humor is equally valuable, Hart noted. Making people genuinely laugh boosts their output by up to 12%, found a 2015 study that Sgroi co-authored.
Persons: Kevin Hart, Hart, you've, Daniel Sgroi, Warren Buffett Organizations: University of Warwick, CNBC, The University of Pennsylvania, Hong Kong University of Science, Technology
Chances are good that you've used the word "underperformer" at work before. Stop doing that, bestselling author and leadership expert Simon Sinek said earlier this month at the 2023 World Business Forum summit. Most people's definition of an underperformer is far too loose, said Sinek. When asked how to deal with people who are struggling at work, he summed up his advice into three words: give them grace. "We're all guilty of this," said Sinek, adding: "What ends up happening is, all we do is think about them and treat them as an underperformer.
Persons: you've, Simon Sinek
It's official: Mark Cuban says he's leaving ABC's "Shark Tank" after more than a decade on the show. His 12 years — and counting — on "Shark Tank" have produced memorable moments, ranging from laugh-inducing to heartstring-pulling. Here are three of the most notable ones:The largest offer in 'Shark Tank' historyDuring Season 6, Cuban made the biggest offer in "Shark Tank" history to Arum, Soo and Dawoon Kang, the sisters behind dating app Coffee Meets Bagel. "How many people can say they baited a Shark ... even better, the biggest Shark, and [still] came away with a deal?" Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."
Persons: Mark Cuban, He's, he's, Dawoon Kang, Kang, Bagel, Cuban, Justin Crowe, Crowe, Lori Greiner, Kevin O'Leary, O'Leary, Donovan, Trey Brown, Barbara Corcoran, Warren Buffett Organizations: Hollywood, NBA's Dallas Mavericks, CNBC, Cuban, Sharks, Golden State Warriors, Mavericks Locations: Cuban, Los Angeles
Receiving a passive-aggressive work email is annoying, and it creates a tough dilemma. Do you muster the strength to ignore their tone and reply with a kind message? The best move might be not sending a reply at all, says executive coach and communication expert Susan Room. Email, while efficient, isn't always the most effective way to communicate — especially if you have "negative feelings about the recipient," Room tells CNBC Make It. Here are the most common passive-aggressive workplace emails, and Room's advice on how to handle them.
Persons: Susan Organizations: CNBC
Highly successful people overcome them by having "prodigious amounts of productive paranoia," according to multi-time bestselling author and leadership expert Jim Collins. "The question is not if bad things will happen, it's when," Collins said last week at the 2023 World Business Forum summit. Sometimes, productive paranoia takes the shape of over-preparing for a presentation so you can anticipate every possible question your audience might ask. Constantly thinking about potential futures — both good and bad — is the type of productive paranoia that all professionals should have, Collins said. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Jim Collins, Collins, Jenny Maenpaa, Warren Buffett Organizations: CNBC Locations: New York
If you asked Ginni Rometty's mom how she managed to raise four high-powered executives, she'd be as stunned as you are. "My mom [is] always like, 'How did this happen?,'" Rometty, the former CEO of IBM, said on Wednesday at the World Business Forum summit. Rometty's youngest sister, Darlene Nicosia, is the CEO of food manufacturing company Hearthside Food Solutions. One particular lesson from their mom helped them all grow into successful adults, Rometty said: "Never let someone else define who you are." Her mom — who didn't have a job at the time, Rometty told the Horatio Alger Association in 2016 — managed to land a job at a local hospital.
Persons: Ginni, she'd, she'll, Darlene Nicosia, Anette Rippert, Joe Nicosia, Louis Dreyfus, Rometty, Organizations: IBM, World, Food Solutions, Accenture, Louis Dreyfus Company, Horatio Alger Association
Mark Cuban worked hard to amass his net worth — currently estimated at $6.2 billion — creating multiple successful businesses and investing in promising startups. "Anybody who has a 'B' next to their name, and they tell you they could do it all again, they're lying their ass off," Cuban, 65, said. But becoming a billionaire isn't just dependent on your sales talent or ability to craft a great business idea, Cuban said. Don't miss: Mark Cuban says he doesn’t need his billions: I’d ‘for sure’ be just as happy with 1% of my net worthIn Cuban's case, timing was crucial. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.
Persons: Mark Cuban, , That's, he's, isn't, Cuban, You've, , Richard Wiseman, Wiseman, Warren Buffett Organizations: CompuServe, Yahoo, Real Vision, University of Hertfordshire, CNBC Locations: , Cuban
Perfectionism might seem like a great quality for a boss to have. It's actually pretty toxic, says Ginni Rometty, former president and CEO of IBM. I mean, you'd send anything to me [and I'd send it back] completely red," Rometty, 66, said. "I used to think that was a great skill ... to find every mistake and improve it." Your perfectionist boss may think they're showing you how to be detail-oriented.
Persons: Ginni Rometty, Rometty, perfectionism, Pen, It's Organizations: IBM
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