How Barbara Corcoran turned $1,000 into $66 million

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Ep 26 - I sat down with businesswoman and investor, Shark Tank’s Barbara Corcoran to discuss her story and rise to success, from real-estate queen to reality TV star. With $1,000 she started a company that became a real estate empire. Today, she shares the top thing she looks for when investing in businesses, and gives her advice for any new entrepreneur looking to start their own venture.

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Timestamps:
00:00 - Intro
01:30 - What made Barbara so successful?
04:50 - First sale of Barbara
09:27 - The best thing that ever happened in her career
16:02 - Selling her company and moving on
19:17 - Barbara's Shark Tank story and how she got rejected
25:16 - Advice when investing in entrepreneurs
26:52 - The one that got away on Shark Tank
35:45 - Where else is Barbara making money
39:21 - Barbara Taught Me

[CandycaneBeyond]

I had the worst parents. It made me stronger. I had no one to rely on but myself. Made me stronger.

[debbiesday]

Very inspiring. I'm starting over after divorce at 64. Barbara gave me a sense that I might have a talent I can use to make this next life chapter better than I imagined.

[mR-dcoq]

Barbara is so relatable. She never lost that with all the money she worked so hard to accumulate. That’s a blessing.

[michaellam]

Barbara is such a humble person and Erika is a great host, lawyers always know the right questions to ask 🤣

[sunnymuniz]

I love Barbara’s perspectives, she’s honestly so smart, and probably someone great to work with. Thanks for the interview Erika!

[Josh_Morales]

Both Erika and Barbara are such an inspiration. They started small and look at where they are today!

[lindseyheyntsen]

What a fabulous human! I had no idea how interesting and inspiring Barbara is. I loved every story and listened to each minute. I love her perspective on leading and encouraging folx to do what they are good at, helping to grow their best skills. So nice to hear her honesty about parenting and her own finances!

[michellelee]

Wonderful talk! To get my first professional job I offered to work for free just to get some training, while still working 2 other part time jobs. That was the consequence of letting the wrong guy choose me and daring to walk around with a big belly at the age of 16, and then having to support both he and my child. My mishap and consequence therefore drove me, for like you Barbara, I was insulted by family stating they were surprised to see me even graduate. (I now have a handsome son, a beautiful DIL and 5 grandchildren and a second-chance husband of almost 30 years.) I learned anything and everything I could at any job to gain knowledge and to make myself indispensable. Now I’m basically debt free, earn a good living, have a solid asset & retirement portfolio. But I’ve also learned the importance of sewing into the kingdom and helping others, for you always reap what you sew. It’s important to give back. (I could go on and on…..) Thank you Lord! I love real. I love relatable. I have grown from this talk and you have confirmed something for me Barbara. Thank you both for sewing into my life. So much respect for you. Can’t imagine any haters coming against either of you. Hugs 🤗

[ygonzaga]

Barbara I love that shirt. I hope you interview her again. She’s amazing. Blunt and honest. “The curse of a learning disability is if you can get over it you have gotten really good at failure. You grow up and knowing what failure is about.” I’ve never thought about it that way. That statement truly impacted me. A statement I will never forget. I’ll have to get Tic Tock now hahahaha “You just have to make a fool of yourself”. Barbara, I want to be like you when I grow up.

[Erika]

I hope you enjoyed this with Barbara Corcoran! If you did, please leave a comment--I'm going to be screenshotting them and sending to Barbara. I know she'll love reading what you thought of the interview!

[elaib]

Thank God this channel was recommended to me by youtube. Love the conversation between barbara and erica. Got goosebumps when barbara said " you are stronger than you think you are". Thank you to both of you for giving me hope in this crazy life of mine. ❤

[ramonaearnest]

Honestly success is the best revenge! After I got my second divorce I got a good job, bought a house and a new car!
It's amazing what you can accomplish when we get motivated! 👏💅

[hottmasala]

That was such an inspiring interview. You both had such great chemistry. I feel like I learnt a lot. Especially about the power of not giving up on yourself!

[oceanveau]

Really appreciate this Erika! Shout out to Barbara she's such a cool person and I love her story 🙏

[AbbySmithVSVEVG]

I really appreciate what a respectful interviewer you are.

[phaedreharvey]

I love Barbara she's an inspiration for any woman wanting to start their own business

[allig]

Wow this interview was amazing shes incredible it made me emotional about that burning ambition coming from nothing and wanting to make it hit me. What great advice shes so relatable and humble!!!

[alexandracristinnn]

I love this so much! GREAT job Erika! I took 1500 and starting a 25 million dollar business a year - in 6 years. My business was then acquired for 8 figures by the age of 29! It was worth the grind!

[jacobalexander]

I love how down to earth and real she is.

[GlobalStevie]

Good to see a different side of Shark Tank Barbara. She's one of the good ones. Love that she showed up in your podcast and supporting women entrepreneurship.