I get to speak to lots of very cool folks doing very cool issues right here at Entrepreneur. And each every now and then, I get to hang around with a real icon.
Such was the case after I sat down with this week’s “How Success Happens” visitor, Barbara Corcoran.
The true property legend and “Shark Tank” star invited me to attend her All-Star Entrepreneur Retreat in New York Metropolis, the place she gathered a gaggle of her high portfolio corporations from the present for intimate technique classes, media coaching, and extra. After a day of watching her work with these rising enterprise leaders and seeing how she will get within the weeds to assist problem-solve, I bought to choose her mind a bit. As you would possibly count on, Corcoran was equal components good, inspiring — and extremely hilarious.
You’ll be able to hearken to our dialog under, or in your podcast platform of selection. And take a look at highlights of the dialog right here, which have been edited for size and readability.
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You began a multimillion-dollar actual property firm. You are the host of an Emmy-winning TV present. You run these enterprise boot camps. While you take a look at your resume, what is the one factor that jumps out at you want, Wow, I did that.
The most effective half for me is working with the entrepreneurs, all of those small companies, attempting to make their goals come true. I am proper in there with them, fascinated with it, dreaming about it, attempting to provide them hints as to how they might get forward a lot quicker. That, for me, provides me the best satisfaction.
You might have spoken a lot about folks in your previous who mentioned hurtful issues to you and the way you employ that stuff as gas in your hearth. How did you discover that mindset?
I realized very younger that dangerous feedback, important feedback, and chopping feedback take you down. It takes you down not solely in your emotions, however within the quantity of confidence you could have for the subsequent undertaking. You simply get weaker and weaker. So I do not permit these folks in. I flip the feedback into insults. How dare they insult me? And I show them improper. I feel you possibly can take an insult and take a look at it two methods. It may possibly damage you or it may well gas you. You might do both. It is simply as straightforward to let it gas you. Say, Oh, I am going to present you. That is the form of individual I’m. I’ve realized to guard myself because of it, and I am happier.
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You spoke a few nun who was fairly merciless about your dyslexia while you had been in grade college. Something you’d wish to say to her now
That was Sister Stella Marie, who in third grade, advised me I might all the time be silly as a result of I could not study to learn or write. Nicely, guess what, Sister? You’re useless, and I am sitting right here!
You talked loads about how a enjoyable workplace tradition is usually a useful gizmo for recruiting and serving to an organization push by powerful instances. What about for solopreneurs? How do you could have enjoyable when issues aren’t going your manner?
Everyone is a solopreneur to start with — you do not come out of the gate hiring a staff of individuals. However after I bought caught at my desk and could not consider a brand new thought or did not need to meet a buyer, I used to be good sufficient to get the heck outta there. I by no means had a good suggestion at my desk. I might simply elevate myself up and make it a enjoyable day only for myself. I would get on the subway and go to Jones Seaside. It was mainly free — all I wanted was the price of a subway token. I might spend the day there listening to music, going into the ocean, and getting a pleasant solar tan. And I would come again the subsequent day a special individual. There’s one thing about taking a break for enjoyable that’s so good for the spirit — and it was my spirit that made my cash. What is tough work with out your spirit behind it? It by no means goes effectively.
For instance after a taping of “Shark Tank,” you all exit to dinner. When the examine comes, who’s grabbing the examine first?
Anybody however Mr. Fantastic. He is very low-cost. He even invited me out for dinner as soon as along with his daughter, who’s about 18, asking me, ‘Might you present her the best way about being a girl in enterprise?’ I used to be so flattered. We went to an costly restaurant. Once more, I used to be flattered. We drank an costly bottle of wine. I used to be flattered. After which the examine got here, and he did not attain for it. And I mentioned, ‘Kevin, you are not really anticipating me to choose up the examine.’ And he mentioned, ‘Would you thoughts?’ And I took that examine and fortunately paid as a result of I wished to inform this story!
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If Jeff Bezos invited you on the subsequent Blue Origin house flight, how would you RSVP?
Are you out of your thoughts? I’ve an excessive amount of to reside for. Why would I danger getting on one thing like that? I fear about taking a daily flight. By no means thoughts house, overlook it. I can get my thrills elsewhere.
Many entrepreneurs battle with the notion of “I have to have a deep ardour for one thing earlier than I begin the enterprise.” Is that the way you felt?
Ardour is an energetic factor. You are feeling it while you’re within the enterprise. It is arduous so that you can look from the sidelines and say, I feel I am keen about that. Once I bought into actual property, I might have been within the plumbing provide enterprise simply as simply. What I liked about actual property is that I really like folks. I liked opening these doorways, chatting folks up, being impartial, and working to the subsequent condominium. It was like an journey. That is what I fell in love with. That is what gave me my ardour. I by no means actually cared about actual property as a subject, however I cared about what I did as a dwelling, which was producing a brand new enterprise stuffed with individuals who love me and I really like again.
Essential query: What’s your favourite curse phrase?
The one I actually use? No, I can not say that, my mom would bounce out of her grave. I promised her yearly I would not curse anymore. So I am going to offer you a light curse phrase: Holy shit. However that is nothing in comparison with what I often say!
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I get to speak to lots of very cool folks doing very cool issues right here at Entrepreneur. And each every now and then, I get to hang around with a real icon.
Such was the case after I sat down with this week’s “How Success Happens” visitor, Barbara Corcoran.
The true property legend and “Shark Tank” star invited me to attend her All-Star Entrepreneur Retreat in New York Metropolis, the place she gathered a gaggle of her high portfolio corporations from the present for intimate technique classes, media coaching, and extra. After a day of watching her work with these rising enterprise leaders and seeing how she will get within the weeds to assist problem-solve, I bought to choose her mind a bit. As you would possibly count on, Corcoran was equal components good, inspiring — and extremely hilarious.
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