Everyone knows that Shark Tank is the go-to TV show for entrepreneurs. Barbara Corcoran is an American businesswoman, investor, and television personality on the widely popular show Shark Tank. She founded a real estate brokerage in New York City in 1973, which she later sold to NRT for $66 million.
Here are five tips from Shark Tank’s Barbara Corcoran:
“Don’t you dare underestimate the power of your own instinct.” – Barbara Corcoran
Your initial instinct is extremely important. When your mind urges you to do something, trust your gut feeling and go for it.
“I have a theory and I really believe it. I think your worst weakness can become your greatest single strength.” – Barbara Corcoran
Recognizing your weakness and admitting is one of the hardest things to do in the business world. Once you have identified your weakness, you can always find a way to change and better yourself for future projects.
“Forget about perfection; it doesn’t exist.” – Barbara Corcoran
No one’s perfect and no business is perfect. If you’re trying to be perfect, you’re most likely wasting someone’s time.
“When you’re building a business, you’re either all in, or you’re not.” – Barbara Corcoran
If you want to build a business, you can’t be double-minded. You must go all in. You can’t give 50% of your energy to your business and expect to be successful when you’re competing with more motivated individuals. If you really want to do it, learn to give it your all.
“Taking chances almost always makes for happy endings.” – Barbara Corcoran
Do not be afraid of taking chances. There is no reward without risk. Learn to take calculated risks and watch as you progress on a daily basis.
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