When faced with rejection, it's all about how you get back up, according to Barbara Corcoran, Shark Tank star and angel investor.

"Show me an entrepreneur who can take a hit, and I'll show you a good entrepreneur," Corcoran says.

While most of America may know Barbara Corcoran from the popular ABC reality show Shark Tank, the multimillionaire entrepreneur has long been known as a real estate mogul in New York City. Her jackpot success came with the sale of her real estate company, The Corcoran Group, for $66 million in 2001. She started the business with a $1,000 loan from her boyfriend 28 years earlier.

In this 'Trep Talk Extra, Corcoran offers advice on her own personal experience on handling rejection and why it's important to "fail well."

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