Shark Tank's Barbara Corcoran On The Common Denominator For Success, Career Advice, Investing, & Overcoming Setbacks

Apr 17, 2023

Barbara Corcoran from Shark Tank discusses career advice for young people, her experience with bullying and building a successful business. She emphasizes the power of failure and the importance of not quitting. The podcast covers topics such as hiring for attitude, investment success and failures on Shark Tank, and the challenges of being on the show. The speaker also shares insights into the process of doing deals after Shark Tank and the Ivy Lee method for prioritizing tasks.

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ANECDOTE

88-Unit One-Price Sale Saved The Business

Barbara sold 88 undesirable apartments by pricing them all the same and creating a one-price secret sale.
The promotion drew 140 people, produced over a million dollars, and saved her business in a bad market.

ANECDOTE

Failure Led To Early Internet Win

A failed $77,000 videotape project led Barbara to register Corcoran.com after her husband mentioned the internet.
Early web experiments gave her two sales and years to iterate before competitors arrived online.

ADVICE

Prioritize Attitude; Fire Energy Drainers

Hire for attitude over raw smarts because attitude can be taught and scales better culturally.
Fire complainers quickly; negative people drain team energy even if they produce results.

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#561: Today we're welcoming to the show, Shark Tank's Barbara Corcoran, who's also a best selling author, and Founder of The Corcoran Group, one of the largest and best known brands in the brokerage business. Barbara sits down with us today to discuss what business and career advice she would give the younger generation, what the top qualities are of people who become wildly successful, and why it's important to not become defeated. She also gets into her childhood, how she was the subject of intense bullying throughout her shcooling, and how her dyslexia didn't hold her back from building her business. She also gives insight into what exactly she did to visualize and create her success, what happens after the Shark Tank cameras turn off, and the sad truth of losing friends once you make it big. To connect with Barbara Corcoran click HERE To connect with Lauryn Evarts click HERE To connect with Michael Bosstick click HERE Read More on The Skinny Confidential HERE Subscribe to our YouTube page HERE For Detailed Show Notes visit TSCPODCAST.COM To Call the Him & Her Hotline call: 1-833-SKINNYS (754-6697) This episode is brought to you by The Skinny Confidential This episode is brought to you by The Farmer's Dog It's never been easier to invest in your dog's health with fresh food. Get 50% off your first box & free shipping by going to thefarmersdog.com/skinny This episode is brought to you by Sakara Sakara delivers science-backed, plant-rich nutrition programs and wellness essentials right to your door. Their ready-to-eat meals are nutritionally designed to deliver results—from weight management and eased bloat to boosted energy and clearer skin. Go to Sakara.com/skinny or enter code SKINNY at checkout to receive 20% off your first order. This episode is brought to you by Cymbiotika Cymbiotika is a health supplement company, designing sophisticated organic formulations that are scientifically proven to increase vitality and longevity by filling nutritional gaps that result from our modern day diet. Use code SKINNY at checkout to receive 15% off sitewide at cymbiotika.com This episode is brought to you by Betterhelp BetterHelp is online therapy that offers video, phone, and even live chat-only therapy sessions. So you don't have to see anyone on camera if you don't want to. It's much more affordable than in-person therapy & you can be matched with a therapist in under 48 hours. Our listeners get 10% off their first month at betterhelp.com/skinny . This episode is brought to you by SKIMS SKIMS is the solution-oriented brand creating the next generation of underwear, loungewear, and shapewear for EVERY body. Get free shipping on orders over $75 at SKIMS.com This episode is brought to you by AG1 AG1 is way more than greens. It's all of your key multi-vitamins, minerals, pre-and probiotics, and more, working together as one. Go to athleticgreens.com/SKINNY to get a free 1 year supply of vitamin D and 5 free travel packs with your first purchase. Produced by Dear Media