HOUSTON – For years, Barbara Corcoran has been investing in companies trying to make it big on her hit TV show “Shark Tank”, but after the COVID-19 shut down, she’s now helping regular folks keep their businesses afloat.
The real estate mogul and founder of The Corcoran Group, talked to Houston Life about her remarkable story to become a millionaire and her advice for local entrepreneurs.
Corcoran quit her job as a waitress to start her New York City real estate brokerage businesses on a loan. Years later, she sold The Corcoran Group for $66 million.
“Not only did I sell it for $66 million; I put in my checking account so that every time I went to the bank machine, I could get a receipt out that said $66 million on it,” said Corcoran with a big smile, before sharing indispensable tips for small business owners during this time of financial uncertainty.
1. Choose the right business partner
“I’ve always learned in my life, that If I had the right partner in anything, I could accomplish anything. I’ve never worked alone. Everything I’ve ever did I had the right partner who had an opposite skill set to me. And together, we’re one on one equal about a five in any business that I was in,” said Corcoran.