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Before becoming a billionaire, Mark Cuban slummed it in an apartment with five other guys, sleeping on the floor and using "nasty" towels taken from a Motel 6. Those circumstances may seem pretty bleak, but they're exactly what drove Cuban to put his all into entrepreneurship. Cuban, who has an estimated net worth of $6.5 billion, referenced his "Shark Tank" co-star Daymond John's phrase "the power of broke," saying it's "one of the defining elements" of any successful business owner. Most people consult with friends and explore their idea on Google, but ultimately never follow through, Cuban said. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."
At least, that's what Apple CEO Tim Cook does. Getting out into nature eases those tensions and helps Cook mentally reset, he told GQ on Monday. Its data showed that good health and wellbeing peaked after spending 200-300 minutes outside. Cook, who has an estimated net worth of $1.8 billion, isn't the only billionaire who prioritizes outdoor time. Take this survey and tell us how you want to take your money and career to the next level.
While on a camping trip, someone asked Thurmond to create a firepit that wasn't so "massive" and "cumbersome," Thurmond said. Cuban, himself a billionaire entrepreneur, seemed impressed by Thurmond's commitment to getting his product right. Thurmond asked the show's panel of investors — including Cuban — for $200,000 of funding, in exchange for a 10% equity stake in LavaBox. Then, Lori Greiner asked Thurmond a question: What's the most important thing to you in a partner? She offered Thurmond $200,000 for a 15% equity stake, adding a 75 cent royalty per product sold until making back her investment.
Of the many traits people bring to the workplace, one stands out as an absolute "trust breaker," according to a Harvard career expert. It's "taking credit for other people's ideas," says Heidi K. Gardner, a professional leadership advisor and distinguished fellow at Harvard Law School. And that inability to appreciate other people's contributions is a huge red flag for me." Teamwork is crucial for any company's success, and by extension, your own success, Gardner says. "If somebody takes credit for someone else's work or ideas, they are not trustworthy in that sense."
As Meta CEO Mark Zuckerberg plans to let go of 10,000 more workers in his company's latest round of layoffs, a Harvard University expert says she "takes issue" with the way some of them are being conducted — namely, over email. A bevy of ex-Meta employees have spoken with media outlets or posted on social media about getting laid off via email in recent weeks. Jennifer Haynes, a former Meta technical recruiter, filmed herself checking her email and learning that she'd been laid off in real time. On March 13, one day before Zuckerberg's layoffs announcement, a share of Meta stock was worth $180.90. This story has been updated to reflect that similar reports of recent layoffs though email have emerged from Amazon and Twitter.
Prior to running the most popular social media app in the world, TikTok CEO Shou Zi Chew was an intern for one of his largest competitors. On Thursday, Chew sat before Congress to defend TikTok against spying claims as Congress and President Biden weigh a potential U.S. ban. "We are committed to [being] very transparent with our users about what we collect," Chew told the House Energy and Commerce Committee. Today, Facebook has 2.9 billion active users, according to Meta's 2022 Q4 earnings presentation. "The potential security, privacy, content manipulation concerns raised about TikTok are really not unique to us.
In a recent TikTok video, the 73-year-old entrepreneur and investor on ABC's "Shark Tank" told her followers that she often struggled in school as a child. One of the hardest parts of the experience was watching her classmates "breeze through" their assignments, she said. But that's OK — that's exactly what built my business and got me rich." Or, as Corcoran put it in her video: "Being the dumb kid in class made me a millionaire." 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.
Colonna, who's often referred to as the "CEO whisperer," has been preaching this theory for 20-plus years now. The process wasn't easy: It required him to confront traumas and "personal demons" that he'd been ignoring for years. Get comfortable with self-questioningColonna's radical self-inquiry process is simple, he says. "Spend a few minutes each day, but not the entire day, asking questions like how am I really feeling? The only catch, says Colonna: Hyper-analyzing yourself can sometimes feel like a "trap," because you can "get stuck" constantly evaluating yourself.
When Jeremy Carlson was a college freshman, he started selling ice cream cones from a tent by the side of the road. The cooking style, which he discovered during a mission trip to the Czech Republic, ultimately led to two brick-and-mortar ice cream shops called Crispy Cones — and a $200,000 investment deal with Barbara Corcoran on Friday's episode of ABC's "Shark Tank." Carlson's earnings as an Uber and Lyft driver, along with a Small Business Administration loan and $190,000 credit line, helped Crispy Cones move from a tent to a trailer to the two storefronts. Together, the couple asked for a $200,000 investment in exchange for 10% of Crispy Cones. Corcoran offered the Carlsons a more lucrative deal: $200,000 for 20% of Crispy Cones' equity.
As tech talent remains in high demand, Damon Packwood, founder and executive director of Gameheads, a nonprofit teaching tech and video game design skills, is making sure that underserved youth has the tools necessary to get jobs in the field. But teaching tech skills through video games was still uncharted territory. "And teaching game design to low-income students of color has value because when you break apart a video game, you get these different medias. You get sound design, level design, architecture, coding, project management, art and animation, and motion picture. And there are some partnerships we have where they just give us books, laptops that they're not using anymore or video game consoles that they don't need anymore.
If you notice introverted children keeping to themselves, concentrating overly deeply or staying quiet in public settings, don't panic. Some of the traits that can make parents think something's wrong with their child may actually be "hidden superpowers" that make for successful adults, says bestselling author Susan Cain. In her 2017 book "Quiet Power: The Secret Strengths of Introverted Kids," for example, she implored parents and teachers to embrace their kids' differences, rather than forcing them into extroverted tropes. Some people have trouble recognizing that distinction, leading them to unintentionally stunt introverted kids' growth and development, according to Cain's book. That starts with recognizing their "secret strengths."
Highly successful people possess a skill that helps them grow personally and professionally, says leadership coach Jerry Colonna: They excel at adapting to change. Colonna was even dubbed the "CEO whisperer" by Gimlet's "StartUp" podcast in 2015. "You have to meet each individual team member where they are, not drag them to where you are," he added. "Take a deep breath, take stock of the situation, and discuss it candidly" with your boss instead, Brassey and De Smet wrote. 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.
The whipped, frozen Greek yogurt delicacy she put together became Sweetkiwi, a Dallas-based food startup founded in 2011. And on Friday's episode of ABC's "Shark Tank," Eigbe and her business partner — her husband, Michael Kindele — landed a $250,000 investment deal with Robert Herjavec valuing the company at more than $1.5 million. She initially offered the Sharks 5% of her company for that $250,000 investment, noting that the money would go toward brand-building and marketing. The duo expressed confidence despite their industry's heavy competition, noting that Sweetkiwi pints have less sugar than most other frozen yogurts. Herjavec's final offer was $250,000 for a 16% stake in the company — which Sweetkiwi accepted.
Rather, it comes from a lifelong drive for knowledge, stemming from a childhood where money was a huge issue for him and his family. "We moved from California to Virginia when I was starting high school for money reasons, which was: We didn't have any," Sullivan tells CNBC Make It. "My dad lost his job, and we were starting over — I mean completely broke, stuff in our car, driving across the country." "[There were times when] we had a little money and we didn't have any money. And we had a little money [again], then we didn't have any money at all.
But as she grew up, she noticed that female superheroes weren't getting the same attention, storylines or film adaptations that male superheroes were. So she created her own diverse, all-women superhero universe — and it's now her primary source of income. "I remember going to a comic store and seeing a Wonder Woman comic. So I would intern at a lot of different places," Truesdale tells CNBC Make It. "A lot of different marketing agencies, financial firms, all these different places that all had different elements of business.
"There was something about the Coast Guard, the missions, seeing the small boats that just spoke to me," she says. Fagan ended up attending the U.S. Coast Guard Academy and her first tour of duty in 1985 took her to Antarctica. From there, the Coast Guard would offer a new assignment every couple of years. Of all 32 teams in the NFL, less than 10 have a Black or female president. "To me, the definition of success isn't being the first — it's to have many, many others follow behind you."
But unfortunately, nonbinary job seekers are facing clear biases during their job search. The only difference between the test and control resumes was the presence of gender pronouns on the test version," McGonagill said in the report. "The test resume included "they/them" pronouns under the name in the header." The phantom resume including pronouns received 8% less interest than the one without, and fewer interview and phone screening invitations. According to the report, over 64% of the companies that received these resumes were Equal Opportunity Employers, something that made the results even more "worrisome."
Their latest Gen Z salary transparency report found that, after surveying 1,853 Gen Z jobseekers, women expect a $6,200 lower average salary compared to men. "I was surprised that women are still asking for less money and have lower salary expectations," Workman tells CNBC Make It. Though women have historically been paid less than men, the gap has narrowed significantly since 1960. What's more, for every dollar paid to white dads, Black, Native American, and Latina moms earn 52 cents, 49 cents, and 47 cents, respectively. Several states, cities, and counties across the country have already passed legislation making salary transparency a requirement, including California, Colorado, Connecticut, Maryland, Nevada, Rhode Island, Washington and New York City.
Andrew Ross Sorkin wears many hats — though he's perhaps most recognizable for his role as co-anchor on CNBC'S "Squawk Box," Sorkin is also an editor, columnist, producer, author and entrepreneur. The 46-year-old journalist and New York native got his start as an intern at Inside Edition before interning at The New York Times in 1995 — all while still in high school. Sorkin went on to graduate from Cornell University, contributing stories to the Times throughout his college career. And in 2001, he started DealBook, an online daily financial report published by the Times that he still edits over 20 years later. These roles all differ substantially, but there are three key attributes that help Sorkin excel in them: persistence, listening and understanding.
CNBC's Becky Quick has reached what she considers the pinnacle of her career, now at the top her her game in a job that she loves. Though these are typically considered "the jobs nobody wants to do," Quick says that she still did them to the best of her ability. "You do those jobs, and if you do them really, really well, people are grateful and they will give you opportunities to try other things. Quick also says that the best career advice she ever received was to simply show up. In terms of her best practices, Quick lives by a centuries-old mantra: the early bird gets the worm.
But according to Kelly Evans, anchor of CNBC's "The Exchange" and "Power Lunch," you can "be ambitious at home as well." Ambition drives Evans, 37, every day as she reports on what's happening in the world of finance, real estate and economics. [I have] a relentless drive and a hunger for information and for understanding these complex global markets," Evans tells CNBC. And you can have that ambition to have a beautiful home life and still have this drive in the workplace. "And it motivates me to be able to now have people to share my professional life with."
I started working at age 15 and since then, I've had two personas: workplace me and the real me. Here's how code-switching impacts Black professionals, and why experts say it shouldn't be a workplace norm. There's an expectation that you must speak standard English in order to navigate this world, navigate society, get a job, or get into school. "When I think of code-switching, I think of the words 'standard English.' I think of how the English language has basically been oppressed and pushed onto people," Cornell tells CNBC Make It.
One in five professionals say they dislike corporate jargon, according to the e-learning platform Preply, which surveyed 1,551 Americans working in-office or remotely. John Bowe, a public speaking expert and journalist, says that professionals should avoid using certain office lingo to sound smart. Instead, professionals should opt for brief and straight to the point words, such as "now" or "currently." Phrases like "30,000 foot view" and "out of pocket" can also be confusing, according to Bowe. Ultimately, Bowe says using simple and easy-to-understand jargon will take you much further when it comes to sounding smart at work.
SimpleTexting compiled 45 buzzwords — sourced from Forbes and Inc. articles and the subreddit "r/recruitinghell" — and then analyzed over 6.6 million U.S. LinkedIn job postings to find out which of the buzzwords are used the most per every 1,000 job ads. Based on the findings, these are the top 10 most common corporate buzzwords recruiters use in job postings:1. DynamicNumber of job ads (per 1,000): 59.283.Team-playerNumber of job ads (per 1,000): 36.764. EmpowerNumber of job ads (per 1,000): 30.716.Thought leaderNumber of job ads (per 1,000): 29.047. ScalableNumber of job ads (per 1,000): 14.94When it comes to submitting applications, job seekers are often advised to include words from the job listing.
Despite recent mass tech layoffs , STEM careers have remained in high demand — and some cities are better than others for professionals in the field. Seattle, WATotal Score: 70.82Professional opportunities ranking: 1Quality of life ranking: 222. Austin, TXTotal Score: 67.33Professional opportunities ranking: 2Quality of life ranking: 103. Sacramento, CATotal Score: 60.16Professional opportunities ranking: 38Quality of life ranking: 32According to Jill Gonzalez, a WalletHub analyst, most of these cities have consistently remained the best places for STEM careers for almost a decade. The recent layoffs have only affected a small part of the total labor force and the STEM field encompasses more areas than just tech.
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