Barbara Corcoran is a self-made billionaire, who made her fortune in real estate business. She is a star and host on the ABC’s hit show Shark Tank. She isn’t shy about her failures and does not hide them. She is the first to admit that it took her awhile to reach where she is now in her life.
One of Barbara’s comments on business is that every entrepreneur needs to be able to fail well, in order to succeed. Corcoran sees the importance of being able to handle rejection as an entrepreneur and to be able to keep going. From personal experience, she understands this well. Barbara had over 20 jobs before she turned 25 years of age.
As an entrepreneur, Barbara states “You have to regroup really fast and get back up; otherwise the business will never be born. It’s like pushing out a baby”. Here are Barbara’s 3 views on what it takes to make it as an entrepreneur.
3 Key Things Successful Entrepreneurs Do By Shark Tank’s Barbara Corcoran
1. Optimism is critical to succeed as an entrepreneur.
Barbara states, “You have to see everything as half-full even though everyone is saying you have nothing in your glass”. To succeed as an entrepreneur, optimism is often more important than intelligence according to Corcoran.
2. Embrace fear through confronting them.
To be successful in business and as an entrepreneur, individuals have to embrace their fear. Barbara has openly discussed her fear of public speaking and how she embraced it, by starting to volunteer to teach real estate courses at NYU.
3. Action is a requirement to business success.
“If you stand back and analyze the best way to do something, you’ll be standing there forever,” Barbara says. You can’t study to be an entrepreneur. Sometimes, you just have to jump. Action is required to be a successful entrepreneur.
Another key thing that Barbara often stresses is that entrepreneurs should create healthy pressure and that pressure is important. She says, “You’re always smarter under fire than you are standing on the outside assessing a situation”.
Barbara Corcoran has some great advice for entrepreneurs. These are great things to consider. With Barbara’s real estate business being valued at over $5 Billion, she is someone worth learning from. She has in addition, invested into multiple people and ventures, aiding them to success.
Being an entrepreneur is not for everyone. Not everyone has the stomach for it, to handle the uncertainties and tasks. For the rest, you have to give it a shot to have a chance at entrepreneurial success. Learn things successful entrepreneurs do. Individuals often seek out the help of professionals to get started and create momentum. Business consulting services are often utilized for it and the work of consultants. Entrepreneurs can work with experts on specific objectives and tasks. This often expedites the process and ensures better outcomes.