Barbara Corcoran on Real Estate Market, Biggest Shark Tank Deal, Selling Homes, Wealth & Investing |
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In this latest episode of Earn Your Leisure, we sit down with the formidable Barbara Corcoran, the self-made mogul who turned a $1,000 loan into a $66 million real estate empire. Barbara shares her unparalleled journey in the real estate industry, from pioneering online property listings to becoming a beloved Shark on Shark Tank. With a blend of humor, wisdom, and sheer tenacity, she reveals the strategies that propelled her to the top, including how she held onto $66 million in her checking account out of fear of losing it and her groundbreaking move onto the internet, declaring commercial real estate's decline.
Barbara doesn't just stop at her past achievements; she delves into the current housing crisis in America, the qualities that distinguish great entrepreneurs, and the whopping $468 million earned from her Shark Tank deal with Comfy. Additionally, she provides invaluable advice for entrepreneurs seeking capital, emphasizes the power of social media in marketing, and distinguishes between good and great salesmen. Hear Barbara's candid thoughts on inheriting businesses, her motivations beyond financial gain, and the secrets to assembling a winning team. Discover her marketing genius, her legal battle with Donald Trump, the challenges of converting commercial spaces, and her discerning investment criteria on Shark Tank. This episode is a treasure trove of insights for anyone looking to learn from one of the most successful entrepreneurs of our time. Don't miss Barbara Corcoran's stories of success, struggles, and strategies that could redefine your approach to business and life. #EarnYourLeisure #BarbaraCorcoran #RealEstate #SharkTank #Entrepreneurship #SuccessStories #Investing #marketingstrategies 0:00 Intro 1:32 Journey from Waitress to Realtor 4:09 Barbra’s Mindset When Selling her Real Estate Business 6:40 Entering the TV Business after Exiting For $66 Million 9:29 When Attention is the Most Valuable Currency in Real Estate 11:28 Why Commercial Real Estate has already Crashed 13:07 The Volatility of Valuing a Business Properly 14:40 Why Residential Real Estate is in Complete Shambles Right Now 16:33 How Barbra Used her “Challenges” as an Advantage in her Field 19:55 Story of Getting on Shark tank 22:39 #1 Thing Barbra Looks for When Investing into Companies 24:52 Most Profitable Shark Tank Investment 27:03 What to Include in your Pitch Deck 29:10 Why Everything Company needs Social Media 31:50 Behind the Scenes Filming Shark Tank 35:33 Finding Fulfillment through Business Ventures 37:07 Why Personality is so Important in Sales 40:15 Managing Risks & Taking the Leap in Business 45:06 Challenges Working in a Male Dominated Field 49:30 The Importance of Managing Wealth once you Create it 52:40 Why your First Business is the Most Special One 56:23 Outro |