This story appears in the
January 2023
issue of
Entrepreneur.
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You can’t take yourself too seriously,” Barbara Corcoran says. Sure, on Shark Tank, she’s a powerful investor who does not hold back her criticisms. But when she’s off the TV set, she’s often making goofy TikTok videos and cracking jokes at her own expense. Why? Because it makes her happy. It’s also good business. “People instinctively know what genuine is,” she says. “And when you’re not genuine, people see right through it, and you lose credibility. The most important thing in all business is trust.”
Courtesy of ABC | Sony
To Corcoran, business is entirely about human connection. It requires showing vulnerability, harnessing ambition, and using every negative experience as an opportunity to grow. That’s what she looks for in entrepreneurs on Shark Tank, which is now in its 14th season. And today, as entrepreneurs stare down the uncertain economy of 2023, Corcoran says that entrepreneurs will need that human touch (and self-awareness) more than ever. Here, she explains how to open up, give feedback, and persevere.