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Love Shark Tank?
Youre certainly not alone.
Each episode scores millions of viewers.
In particular, Corcorans money tips have helped these entrepreneurs in the following ways.
Corcorans advice has not only served him well, but also his clients.
Corcorans emphasis on failure as a learning opportunity is invaluable for entrepreneurs who often face setbacks.
Ive seen clients shift their mindset from fearing failure to viewing it as anecessary stepping stonetoward success.
That mindset shift has also helped Erik Severinghaus, founder ofBloomfilter.
One big lesson I got from Barbara Corcoran is how very important resilience is.
At first, I met many problems that looked like they could stop everything completely.
I remember when Bloomfilter was just starting, and we had trouble finding money.
Those times were tough, and it could have been very easy to feel sad.
Instead of looking at failures as the final point, I started to see them as chances for learning.
This mindset was very helpful for me and my team to keep going during difficult times.
Its this kind of resilience that has helped Bloomfilter grow rapidly, quarter after quarter.
Know Your Strengths
Everyone has innate strengths and weaknesses.
Corcoran advocates focusing on your strengths and delegating the rest, notes Lovison.
It may be time to outsource the yard work!
Strategic Delegation
Outsourcing the yard work makes agreat starting point, but that doesnt make it the finish line.
I always enjoyed thinking of business ideas but quickly realized I couldnt manage everything by myself.
Its been a key factor in Bloomfilters success and rapid growth.
Negotiation
They say you dont get what you deserve in life you get what you negotiate.
Severinghaus has seen this firsthand in his own business.
Barbara Corcorans advice on negotiation is another area that has helped us grow.
She emphasizes the importance of negotiating with confidence and knowing your own worth.
This makes a big difference for me, especially at important moments like when we need money from investors.
I remember feeling a lot more confident when I talked with investors because of Corcorans advice.
This experience showed me just how powerful confident negotiation can be.
Echo Wang, founder ofEpicBooks, found value in Corcorans advice around intuition.
Barbaras emphasis on gut feeling resonates with me.
When it comes to my own money, I value intuition.
She reminds me that even in financial decisions, theres a human element.
Connecting with the person behind the business idea can be just as important as the idea itself.
In that sense, Barbaras advice about trusting your instincts definitely rings true.
But you could take Barbara Corcorans advice and pair it with courses or books on the topic.
Then comes the most important part: taking what you learn and putting it into practice.
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