A team is only as good as its weakest link. Anyone who has ever worked in a start-up trying to take on the Goliaths of its industry understands how true this is. The mistakes we make when hiring--the traits we overlooked, the important questions we forgot to ask, the ideal candidates we let get away--can come back to haunt us when business dries up.
Think beyond the resume. Be human when hiring and understand the personality of the person who seeks to join your team. Barbara Corcoran, the star of ABC's start-up competition show "Shark Tank," knows that wise hiring means understanding psychology.
Corcoran knows how to spot people's insecurities, what drives them, and who is going to be loyal. Admittedly, she has made many hiring mistakes building the Corcoran Group, her former company which she founded, into a billion dollar real-estate powerhouse.
In her interview with Big Think and her new book Shark Tales: How I Turned $1,000 into a Billion Dollar Business, Corcoran shares the secrets of hiring wisely--today's big idea.