766 Barbara Corcoran: Success in Business and Life

Mar 4, 2019

Barbara Corcoran, real estate mogul and Shark Tank investor, brings blunt wisdom on what really drives ambitious people. She gets into why opposites make strong partners, how direct communication sharpens relationships, and why regret can wreck confidence. They also touch on publicity, sales instincts, urgency, reinvesting profits, and raising resilient kids.

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INSIGHT

Regret Quietly Takes Down Confidence

Regret quietly lowers confidence because backing away makes you think less of yourself, even when nobody else notices.
Barbara Corcoran says two out of three things she tries fail, yet each attempt still adds confidence because she showed up.

INSIGHT

Grandstanding Beats Fear Of Public Failure

Public failure hurts less than people think because most people barely notice before returning to their own lives.
To stay relevant, Barbara Corcoran says entrepreneurs must grandstand through media or social platforms, like her Corcoran Report and Comfy's celebrity jump campaign.

INSIGHT

Find The Work That Fits Your Natural Energy

Don't pick an industry first; find the work that matches your natural energy and picture of a happy life.
Barbara Corcoran needed 22 jobs before real estate instantly clicked when opening doors and chatting with buyers felt effortless.

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YOU CAN'T FAKE IT.
Finding your career isn’t something you decide in your head.
You have to try lots of things. Put yourself in different environments.
Pay attention to what makes you happy.
Little by little, you’ll find the right path.
When you do, you’ll be unstoppable.
On today’s episode of The School of Greatness, I talk about what makes a great entrepreneur with someone who knew she had found her calling once she became a realtor: Barbara Corcoran.
Barbara Corcoran is a Real Estate Queen, Shark Tank Shark, and Host of the "Business Unusual" Podcast. Barbara Corcoran’s credentials include straight D’s in high school and college and twenty jobs by the time she turned twenty-three. It was her next job that would make her one of the most successful entrepreneurs in the country when she took a $1000 loan to start The Corcoran Group.
Barbara is famously brash and blunt, bold and courageous, and a brilliant identifier of opportunity and talent (often invisible to others).
She believes that the key to success in business is not the idea but the person. An entrepreneur's passion and drive can make or break a business.
So get ready to learn what makes a great entrepreneur on Episode 766.
Some Questions I Ask:
What’s the angriest you’ve ever been in your life? (11:00)
When did you learn to communicate so directly? (24:00)
What’s the biggest lesson you’ve learned from being one of ten kids? (26:30)
When do you feel the most loved? (30:00)
What are the smart industries to go into right now? (45:00)
What three questions would you ask a potential buyer? (1:02:00)
In This Episode You Will Learn:
What type of partnerships are the most successful (19:00)
Why guilt is the worst thing for a relationship (23:00)
The importance of social media in business (40:00)
The two qualities Barbara looks for in an entrepreneur (49:00)
What makes Donald Trump a good salesman (57:00)
What to do with profit you make in your business (1:11:00)

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