Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Wealth Barbara Corcoran on ABC's Shark Tank

Barbara Corcoran on ABC's Shark Tank (Christopher Willard/ABC via Getty Images)

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Apr 20, 2023

Shark Barbara Corcoran’s Top Business Tips

Business titan and leading investor on ABC’s Shark Tank Barbara Corcoran explains her top tips for succeeding in business.

Key Details

  • Barbara Corcoran’s top seven tips for business owners…
  • Get good with falling down
  • Stay in the game
  • Seek what you do not have
  • Steal brilliant concepts
  • Value your intuition
  • Serve your people
  • Get out of your own way

Why it’s important

Corcoran has been a business icon for decades, starting as a New York City real estate star to becoming an entrepreneur worth $100 million.

In her decades of business experience, she has learned some crucial lessons that she implements into her practices daily and shared her top seven tips on her podcast—Business Unusual With Barbara Corcoran.

Many people want to start their own businesses but are held back by fear and need help knowing where to start. Many look to business greats for advice, and Barbara Corcoran has started a podcast to share her decades of experience with listeners.

In her podcast Business Unusual with Barbara Corcoran, she explains how she had 22 jobs before starting her real estate company with a $1,000 loan and built it into a $5-billion business and now teaches others how to build their own way up.

She gives seven tips for business owners, starting with the advice of getting good with falling down. Corcoran explains the importance of failure. Growing up, her parents did not have time to shield her from failure, which allowed her to learn her own lessons, which helped her with her business.

She explained that she failed so many times she knew she had to get back up and start over, which is exactly what is needed in business—it is okay to fail.

“Confidence is knowing that whatever hits you, you’re always going to get up. You’re always going to keep trying,” she states.

Her next tip is to stay in the game. She explains the importance of continually learning and improving by staying in the competition. She tells a story of how she spent her year’s earnings making videos of real estate listings that amounted to no sales, but when she learned of the internet, she posted the videos, made two sales that week, and registered her company domains as well as her opponents.

Corcoran’s next tip—seek what you do not have. She explains the importance of understanding your skills. You need to know what skills you are good at, hire others who can do what you cannot and always stay on top of the game, and seek to improve.

Stealing brilliant concepts is another tip she says is crucial to building your business. She states that it is essential to create your own ideas, but if other people are doing brilliant things and they work, it is smart to implement those ideas into your business practices.

It is also important to value your own intuition. She explains how overthinking can get in the way of your own gut instinct, which is usually the right way to go. If you think about something for too long, it can ruin it—it is important to go with your initial feeling.

Her next tip—serve your people. She says that it is important to respect your employees, the moment you start treating them like they work for you, you are no longer a good boss. If you focus on building others’ success, they will be loyal to you and your business.

“Being a phenomenal leader starts by loving people and helping them be the best they can be. Really get that straight in your head: You work for them,” she states.
Her last tip for a successful business—get out of your own way. She explains that frequently your biggest competition is not your competitor but yourself. She states that negative thoughts can affect you and your business for years, and as soon as you believe in yourself and your company, you are built for success.

Home / News / Shark Barbara Corcoran’s Top Business Tips
Share
FacebookTweetEmailLinkedIn

Related Stories

Gen Z Is Changing Workplace Habits

by Hannah Bryan Leaders Staff
Company Culture

8 minutes ago

working late

Remote work has opened the door for many changing workplace traditions, including changing the nine-to-five workday. 

Key Details

  • Hard workers and early risers are often associated with one another, but a recent study shows that most Gen Z employees prefer to begin their work at 6 p.m.
  • In an Adobe study that sampled workers in the UK, U.S., and Japan, younger workers were found to be more productive in the evenings, Fortune reports. 
  • These younger employees prefer to work through the night and spend their downtime during the daylight hours. 
  • Only 6% of Boomers reported being productive from 6 p.m. to 3 p.m. compared to 26% of Gen Zers. 

Go deeper

FacebookTweetEmailLinkedIn

Phoenix Suns Shift From Traditional Broadcasting 

by Tyler Hummel Leaders Staff
Entertainment

33 minutes ago

The owner of the Phoenix Suns and Phoenix Mercury is striking out on his own—shifting away from traditional broadcasting deals. 

Key Details

  • The bankruptcy of Diamond Sports Group in March has resulted in numerous sports teams attempting to void their streaming contracts. 
  • Two Phoenix, Arizona-based teams are making a similar attempt, shaking their traditional local streaming contract with Bally Sports Arizona to seek new opportunities. 
  • Both teams announced on Friday that games will be broadcast on over-the-air local television in Phoenix, Tucson, and Yuma and that free broadcasts will be made available through streaming. 
  • Diamond has argued that the announcement is a breach of contract for the sports teams, while ESPN is warning that the decision could cost tens of millions of dollars in the short term for the teams. 
  • The team owner believes the change will “more than triple the reach” of their audience. 

Go deeper

FacebookTweetEmailLinkedIn

Dimon Says: (Part Of) the Banking Crisis Is Over 

by Tyler Hummel Leaders Staff
Markets

34 minutes ago

JPMorgan has agreed to purchase First Republic Bank—winning an auction over the weekend to purchase its deposits and assets after the bank’s near collapse. 

Key Details

  • Following the climatic collapses of Silicon Valley Bank and Signature Bank in March, First Republic Bank became the third major collapse of the past two months when regulators ceased it on Monday. 
  • The seizure comes a week after First Republic’s quarterly report noted last Monday that the bank had lost $100 billion in deposits. 
  • The Federal Deposit Insurance Corporation stepped in on Monday after exhausting private solutions to the bank collapse. 
  • JPMorgan agreed to take possession of the bank’s assets and deposits, with CEO Jamie Dimon saying, “this part of the crisis is over.”
  • The bank expects that the purchase will add $500 million to its annual net income, at the cost of $2 billion to integrate First Republic into JPMorgan within 18 months, AP reports. 
  • The collapse of First Republic has eclipsed Silicon Valley Bank as the second-largest U.S. bank collapse of all time at $229.1 billion.

Go deeper

FacebookTweetEmailLinkedIn
right to repair
Business

About an hour ago

Farmers Still Struggle To Fix John Deeres

by Hannah Bryan Leaders Staff
amazon ads
Business

4 hours ago

Amazon’s A-To-Z Adage Does Include Ads

by Hannah Bryan Leaders Staff
Markets

7 hours ago

Forging the Future Of Value-Based Healthcare 

by Tyler Hummel Leaders Staff

Recent Articles

Personal Growth

6 hours ago

How Adaptability Can Make or Break Your Career in the Coming Years

The business world is always changing, making adaptability a necessary skill.

Wealth

Apr 27, 2023

How to Make an Extra $1000 a Month Starting With Only $100 

You can make an extra $1000 per month with a small upfront investment or a part-time job.

Leadership

Apr 26, 2023

Narcissists in the Workplace: Signs Your Coworker or Boss Might Be One of Them

Narcissistic bosses do whatever it takes to gain success and power.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com

x