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Kevin O’Leary says that firing someone is the most challenging aspect of leadership. Luckily the “Shark Tank” star and multimillionaire entrepreneur<\/a> has some tips for firing effectively.<\/p>\n In a social media clip posted to Instagram<\/a> on Thursday, O’Leary outlined how he thinks about firing someone and how he goes through with it. The clip appears to be a repost of O’Leary’s remarks<\/a> at the iCONIC: Seattle conference in April 2016.<\/p>\n\n First, O’Leary said that the moment to fire someone is when you realize they aren’t right for the job. Delaying the firing isn’t fair to them.<\/p>\n “It’s not about you,” O’Leary said. “It’s not fair to them and to the people they are working with and the team that they’re part of.”<\/p>\n Related: <\/b>Kevin O’Leary Says This Is the One Skill He Looks For in a Leader \u2014 But It’s ‘Almost Impossible to Find’<\/a><\/p>\n When the firing is taking place, the most important element is explaining why it is happening to the person.<\/p>\n “I do that myself,” O’Leary said. “It’s the hardest thing to do.”<\/p>\n This part is necessary though, O’Leary explained, because otherwise, the person won’t learn anything from it.<\/p>\n After the termination, O’Leary makes sure that the affected employee gets a “fantastic package,” counseling, and everything they need to find another job \u2014 as long as the job isn’t with his company.<\/p>\n Related: <\/b>Kevin O’Leary Is Launching a New Agency With the Founder of Shazam \u2014 Here’s Why He Says It’s a Game Changer<\/a><\/p>\n Despite the mixed emotions that come with letting an employee go, O’Leary says firing is a necessary part of leadership. If you can’t make cuts to your team, “you’re the wrong leader” for the organization, he said in the video.<\/p>\n O’Leary was fired once, too. As a teenager, he worked at a mall scooping ice cream. He refused to scrape gum off of the floor, stating that it wasn’t part of his job description, and was fired for it<\/a>.<\/p>\n O’Leary credits that moment as the start of his entrepreneurial journey \u2014 on that day, he swore he would never work for anyone else.<\/p>\n “That was the beginning of my journey,” he said in an interview<\/a> that aired in 2013.<\/p>\n Related: <\/b>How Kevin O’Leary Overcame 6 Formative Failures<\/a><\/p>\n<\/p><\/div>\n