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Barbara Corcoran

Barbara Corcoran

Guest
2020
2W·0L·0P·0 open
business2 scored

All Takes

Void
Barbara CorcoranBarbara Corcoran

Hank's LR Quill sleep-aid toothpaste idea is terrible and tastes like crap

We tried both of these formulations [LR Quill/Lister Quill]... it didn't tell you to sleep on it. It tasted like crap.

Barbara's assessment of the product's quality is her subjective expert opinion.
Void
Barbara CorcoranBarbara Corcoran

The secret ingredient to success is how long a person takes to feel sorry for themselves after a failure

When I really analyzed over the years what a secret ingredient is... it was exactly what you just said: how long they take to feel sorry for themselves... It's how long it takes. Some say 'oh poor me' and some get right back up.

This is a subjective business philosophy that cannot be definitively proven right or wrong.
Void
Barbara CorcoranBarbara Corcoran

You should use specific numbers like $990,045 for real estate offers to make the buyer appear more thoughtful

I never let [the buyer] go in with a 990 or for I always said put it in at nine hundred ninety thousand and forty five dollars or some shit like that. Why because... what do you think the seller owes a why that price because they've given its so much careful thought they really I arrived at exactly the value they want to really come in The Sweet Spot. This is what they have to offer and they mean it.

This is a professional business tactic based on Corcoran's career experience.
Win
Barbara CorcoranBarbara Corcoran

The 'Comfy' is my most profitable Shark Tank investment ever

The one that I made the most money on already in just a few short years, millions of dollars, is Comfy... They've sold over 70 million dollars... I took just a 30% of their interest just because I like the guys.

At the time of recording, this was true. The Comfy became a massive viral hit and remained one of her top earners.
Win
Barbara CorcoranBarbara Corcoran

My worst Shark Tank investment was a weight loss lipstick that burned people's lips

The lipstick that makes you lose weight. It doesn't make you lose weight. What it does is burns the crap out of your lips so you don't want to eat a hot dog... terrible. That's a real thing.

The product she is referring to is 'Skinny 24' or similar appetite-suppressing lip balms she invested in on the show which failed.
Void
Barbara CorcoranBarbara Corcoran

Lori Greiner is the best merchandiser on Shark Tank

Lori's great product. She's the best merchandiser on the show. I'll see her stupid little Nickel Dime shit that she's made millions of dollars on and hater while I'm shopping for my food. It's just terrible.

This is a peer evaluation between Shark Tank investors.
Void
Barbara CorcoranBarbara Corcoran

Eliminating strict vacation policies and allowing people to set their own hours actually results in a more dedicated team

The more you say to the people that work on your team. Don't work hard take a week off. There's no vacation schedule here go home soon... the more you do that the heart of people work... you get a real dedicated people that work from their own volition and what you get is a team that can't be beat.

This is a management philosophy that Barbara claims has worked for her 'thousand salespeople'.

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