The keynote speaker for the HSMG Annual Conference in Miami was Barbara Corcoran. After failing at twenty-two jobs, Barbara Corcoran borrowed $1,000 from a boyfriend, quit her job as a diner waitress, and started a tiny real estate office in New York City. Using the unconventional lessons she learned from her homemaker mom, she gradually built it into a $6 billion business. Now Barbara’s even more famous for the no-nonsense wisdom she offers to entrepreneurs on Shark Tank, ABC’s hit reality TV show.
6 Business/Life Tips from Barbara Corcoran:
- Perception creates reality. People will believe whatever they perceive to be real.
- All the good ideas are on the outside. Creative ideas don't happen at the desk, you have to get out and find them.
- Recognition. People need recognition to feel validated.
- Shoot the dogs early. Don't wait to fire employees or vendors who don't perform. Nipping the problem in the bud early in the game yields superior results, reduces losses and boosts morale of those who ARE performing.
- Fun is good for business. Reward performers to boost morale. Having fun with your team helps boost creativity, respect and trust.
- There are only two (2) kinds of people, expanders and containers. Expanders move outwards and upwards to move business forward. Containers help to reign in the expander while keeping things organized and on track. Both are necessary to operate a balanced, successful business.
Do you consider yourself an expander or a container? Who balances you out?
Allison B. Kontur
www.BathBodySupply.com
2 comments:
What a super summary! I am an admirer of Barbara's and love seeing how much fun she has with her work. I am definitely an expander, but I have 3 containers working with me (one of which is my husband) so I get a nice balance, thank goodness! What an expanded mess I'd be without them! I'm so glad you had fun and I totally missed seeing you there!
I really enjoyed Barbara's speech and read her entire book in one leg of my flight home! I too am an expander, but my amazing business partners are both (one is another expander and the other is a container). We all need balance to succeed. I got to talk to your husband almost every day and he was really missing you guys, it wasn't the same without you there (although we kept #FitCEOs alive)! Hope you'll be in Portland next year!
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