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"Real New York Housewives" Bethenny Frankel said this was her biggest mistake



Bethenny Frankel of Real Housewives of New York has more than proven herself as a successful entrepreneur by launching her popular Skinnygirl brand in 2009 and, according to People, for an estimated $ 100 million a year Sold in 2011. [19659002] "Real Housewives of New York" Bethenny Frankel | Erik Voake / Getty Images for the Nazarian Institute

Although the business mogul obviously knows how to handle finances and use them effectively, she admits to having made mistakes. In an interview with InStyle, Frankel recently spoke about her career, her negotiating strategies, her biggest financial regret and the infamous Bravo TV reality show with her Housewives friends making her mark in 2009 she felt financially unstable until she sold her company. "I did not feel financially independent until the skinnygirl deal in 201

1. Even if people are constantly saving, it's hard to be wealthy if you do not pile up." It's easy to have money, spend and save money. But you have to save much more money than you think to make a real bump and have security, "Frankel told InStyle. She went on to say there are basically two ways to be financially secure. "Either you have to save or invest very diligently, or what I call an event, like a transaction, that was my skinnygirl business," said Frankel. "For the same reason, it's expensive to build a business after the first hit, they have employees, offices, insurance companies, and trademark attorneys, so it's expensive to protect, so you need to rocket up to date and keep up to date once you're really successful, you can earn money and stop working. "

Negotiation Skill

Frankel emphasized when she was asked about her negotiating style
Justice. "I am
not overly aggressive; I am very fair. I think both humans should be a
not a little unpleasant, and yet both parties should ultimately be happy. Everyone
should take a risk, but also have a reward, "she told InStyle. "I am a
Very uncomplicated negotiator with home buying and business activity. I know
whatever I want, the number I want, and I say that. "

Reality star also said that in business life one often has to deal with familiar faces." She
In the end, you also meet many of the same people, so if you are negotiating a contract
Contract – Whether Bravo or Lawyers or Shark Tank – Everyone's Thing
of who they are dealing with, "said Frankel. "If your person asks for you
astronomical number, but then ends up being satisfied for something far from it
know that next time you are in a weak position. If I want to buy one
House in the Hamptons, I offer the number I offer. I'm not
play any games. I am very sincere in everything and take care of myself
from people. If I make a deal and want to give my employees a bonus, I'm very fair. "

Frankel thought about her earlier years when she appeared for the first time on the Bravo TV reality show and was not taken very seriously in the business. "I was a person who did Bravo for $ 7,250 for the entire first season of Real Housewives," she said. "But I knew what I wanted and wanted to keep everything I did in the business. If you go to a reality show, you have to give the network a percentage [of any business you promote on the show] – but I never did. The industry finally called it "The Bethenny Clause". So that was very destructive in the industry, but I only got $ 7,250 – and I kept what I deserved. But I was nobody; I really had not achieved anything yet.

Lesson Learned

The founder of Skinnygirl
She also shared what she considers to be her biggest financial regret. "My biggest money
Error was not the right box to check for a contract if my company
was an LLC or S Corp. It cost me millions of dollars when I sold. But this is
only one mistake. [It’s important to have] the right managers and
Accountants and all these things, "she said.

As one of Real Housewives of New York Frankel is grateful for the show and sees the ease it can offer. "I think there is a satire and a comedy in the end, and when you see it that way, the humor always wins, I think it's absurd," she told InStyle, "and I'm fortunate to have this dynamic of women All women are going through a phase, whether divorce, financial problems, infidelity or menopause, showing where we all are in our lives, and I am very grateful to be a part of it. "[19659010] if (cs_sd.partner == & # 39; CMfacebook & # 39;) {
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