Barbara Corcoran Talks Sales, Entrepreneurship, and Building a Business Empire
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 Published On Mar 23, 2024

In this clip, hosts Rashad Bilal and Troy Millings sit down with the legendary entrepreneur and TV personality, Barbara Corcoran. Known for her role as one of the "Sharks" on the hit TV show "Shark Tank," Corcoran offers valuable insights into sales, entrepreneurship, and building a successful business empire.

The conversation delves into Corcoran's experience of identifying raw talent and evaluating individuals for sales positions, drawing parallels between her time running the Corcoran Group real estate business and her current role on Shark Tank. She emphasizes the significance of resilience, highlighting the impact of mindset and determination in sales and entrepreneurial endeavors.

Further, Corcoran shares her sales tips and the importance of hiring individuals with the right personality traits for sales success. She emphasizes the role of intuition, reading people well, and testing customer preferences in sales interactions, underlining the significance of building trust as a fundamental element in sales.

The discussion extends to the topic of managing risk and encouraging entrepreneurs to take calculated risks. Corcoran draws from her personal experiences and upbringing to highlight the importance of commitment and confidence in pursuing entrepreneurial ventures, illustrating the power of a "100% commitment" in garnering universal support.

Moreover, Corcoran reveals her motivation behind establishing an online community, "Barbara in Your Pocket," on Patreon, aimed at providing guidance and support to aspiring entrepreneurs. She discusses the platform's focus on addressing common entrepreneurial challenges, particularly catering to the needs of women entrepreneurs, acknowledging their unique obstacles and self-doubt in the business world.

The conversation also delves into the dynamics of the real estate industry, shedding light on the challenges faced by women in a predominantly male-dominated sector. Corcoran shares her thoughts on the changing landscape of women in real estate, emphasizing the potential for transformation towards a more women-centric ownership model.

Additionally, Corcoran underscores the importance of creating a fun and inclusive work environment, drawing from her experiences at the Corcoran Group and on Shark Tank. She advocates for fostering camaraderie, creativity, and a sense of family within a business, citing its pivotal role in driving success and employee satisfaction.

Join Rashad Bilal and Troy Millings as they explore the wisdom and expertise of Barbara Corcoran, offering a captivating insight into sales, entrepreneurship, and the power of fun in business. Tune in for an enriching dialogue packed with practical tips and invaluable lessons from one of the brightest minds in the entrepreneurial world.

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