Get All Access for $5/mo

Shark Tank's Barbara Corcoran: 'All the Best Things Happened to Me on the Heels of Rejection' The 'Shark' and real-estate mogul never let an obstacle keep her from her goals.

By Nina Zipkin

Barbara Corcoran via Facebook
Barbara Corcoran

In 1973, Barbara Ann Corcoran was a 22-year-old diner waitress from New Jersey with about 20 jobs under her belt. She borrowed $1,000 to start a tiny real estate company, selling apartments in New York City. In the intervening years, Corcoran grew her tiny real estate office, The Corcoran Group, from a small business into a $5 billion real estate empire, selling the billion-dollar business for $66 million in 2001.

We now know the entrepreneur as one of the savvy, high-powered investors on the hit ABC series Shark Tank, sitting alongside the likes of Mark Cuban, Daymond John, Robert Herjavec, and Lori Greiner. But her tenure as an investor on the show almost didn't happen. She had her contract in hand and was ready to get on a plane to California to start filming when she was told that the production team had decided to hire someone else. Undeterred, she wrote to executive producer Mark Burnett to let him know that she didn't view his dismissal as a failure, but rather as a prelude to greater success. And the rest is history.

Related: Shark Tank's Barbara Corcoran: Real Winners Say 'Hit Me Again'

In the 13 years that Shark Tank has been on the air, the television personality has invested in more than 80 companies. Additionally, the real estate mogul publishes the Corcoran Report, a newsletter covering New York City real estate trends, plus she previously wrote columns for the New York Daily News and the Daily Review.

Corcoran is also a bestselling author with her book, Shark Tales: How I Turned $1,000 into a Billion Dollar Business. If that wasn't enough, she's also a motivational speaker and a real estate contributor for The Today Show. She even appeared on Dancing With the Stars in 2017, with her dance partner Keo Motsepe.

Related: How Being Dyslexic and 'Lousy in School' Made Shark Tank Star Barbara Corcoran a Better Entrepreneur

As for some more personal information, the Barbara Corcoran Inc founder grew up in the United States in Edgewater, New Jersey, and attended St Cecilia High School. However, she ended up transferring to Leonia High School where she graduated as a straight d student. She went on to attend St Thomas Aquinas College and later married her now-longtime husband Bill Higgins, whom she shares two children with.

In 2016, we caught up with the successful entrepreneur to talk about the business lessons she's learned, like the value of quick decision-making, approaching opportunities and obstacles with the same confidence, and turning rejection into fuel for motivation. Scroll below for our interview with Barbara Corcoran.

Q: Knowing what you know now, what would you have done differently when you were first starting out?
I started my first business at the ripe old age of 22 because the boyfriend I met at the diner [where I worked as a waitress] told me I'd be great in real-estate sales. I liked my job fine but was ready for a change, so I quit my waitress job that day and got a job renting apartments in the big city. Turned out I liked the job and the city way more than I liked New Jersey.

I felt that I had the lucky break of a lifetime when the same boyfriend offered to loan me $1,000 to start my own brokerage business. I took the $1,000 and he took 51 percent of the stock and together we built a small company 14 men strong. He announced he was marrying my secretary 7 years later and sent my confidence in a tailspin I didn't pull out of for a full year. She was younger and prettier than me.

Here's what I wish I knew then that I know now. Building a business is little more than a series of quick opportunities followed by a big a series of big obstacles. The opportunities arrive and leave so quickly that they're way too easy to miss. If I hadn't quit my job on a stranger's suggestion the moment I heard it, I would have probably thought about it and not done it. Every great decision I've made in business since was made exactly that way -- quickly without any thought. I've learned that thought gets in the way.

Related: Shark Tank's Barbara Corcoran: 4 Things Successful Entrepreneurs Do

Q: What do you think would have happened had you known this back then?
A: Obstacles move in and park themselves on your chest. They're there to kill your spirit and take your confidence, and you need to spot them coming through the door and shoot them [and] not let them hang out. I didn't know that back then and could have easily lost my business. When my boyfriend left me, I gave it way too much thought, and as I analyzed what went wrong, what I lacked, how the business would not survive and what people would think, I lost my confidence. There were solutions all around as there always are, but I couldn't see them. I've since learned that you need to treat obstacles just like opportunity -- quickly without much thought and move on.

Related: Shark Tank's Barbara Corcoran: There's No Such Thing as Work-Life Balance

Q: What's one of the most valuable lessons you've learned in your career?
A: Six years ago a producer asked if I might want to invest my own money in businesses on a new TV show they were trying called Shark Tank. I agreed immediately and got the spot after great effort. When the contract finally arrived, I signed it without reading it. I bought three new outfits, packed my bags and booked my flight for Hollywood. When the producer called to announce they had hired someone else and they were sorry, I was devastated. But I had long ago learned how to move past obstacles fast instead of feeling sorry for myself and emailed the producer. I said that all the best things happened to me on the heels of rejection and I considered his rejection a lucky charm. I cited half dozen similar situations throughout my career where obstacles turned into my greatest opportunities and asked to come and compete for the job. Since then, I've enjoyed six great years on one of the most successful shows on TV.

Related: What This 'Shark Tank' Star Tells Herself When She Needs a Jolt of Confidence

Interview was edited for clarity and brevity.

Nina Zipkin

Entrepreneur Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at She frequently covers leadership, media, tech, startups, culture and workplace trends.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick


ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.