It’s often easier to start a new business while you’re still doing your day job, following a hunch that what you love might be just what a lot of customers out there are willing to pay for! Many of my most successful entrepreneurs came up with their new business idea the same way they turned their personal interest into a brand new business while they were holding a full-time job.
Barbara Corcoran barreled into our office with opinions about everything and everyone. A ledge outside our offices on the 25th floor of the Empire State Building would make a perfect terrace, she said, offering the exact negotiating tips for snagging it. My questions weren’t precise enough, she thought. I should ask about the real estate firm she founded, Corcoran Group, first, then Shark Tank. She eyeballed one of the other editors and decided that he was dressed all wrong: cowboy boots, the pointier the better, were immediately called for. Corcoran’s bright yellow blazer would have made her the center of attention even if she hadn’t said a word. But with the torrent of thoughts coming out of her, the jacket was merely a set piece to the Barbara Show — and everyone had stopped working to watch.
The fact that there hasn’t already been a show centered on Corcoran before Shark Tank seems like a few decades of lost opportunity. How can you resist, after all, someone who, despite selling her 1,400-person brokerage for $66 million, insists that she’s never had a plan and that “the left side of your brain is totally overrated in business”? She knows what she’s good at and what she’s bad at and makes it clear that she loses interest very quickly. Read more