MANILA - Shark Tank's Kevin O'Leary is not against giving people second chances, despite his reputation as a take-no-prisoners boss.
"If the second time you fail in my world, you get one more shot," said O'Leary.
"Two-in-a-row and you failed both of them, you have one more chance. If you fail that one, I'll fire you," he added.
Running a business, he says, is not a social club and has 'no room for tears.'
O'Leary, who was recently in town for the ANC Leadership forum, shares how he does away with micromanaging by delegating tasks and mutually agreeing with his employees to hit the goals he's set.
"The only reason you're a boss is people trust where you're going," said O'Leary.
"The minute they get confused about where they're going, they're no longer the boss because nobody's following them," he added.
Catch full episodes of The Boss on iWantTV and tfc.tv. New episodes premiere on ANC on Thursday at 7:30 p.m.; Thursdays at 11pm; Friday 3:30am, 1pm; Saturday 4:30am, 10am, 6pm; Sunday 4:30am, 10pm; Monday 9:30am.