Barbara Corcoran knows what it takes to be an expert in your field and how to make money.
The real estate expert recently sat down with the “World of Women” podcast to talk about how aspiring entrepreneurs can chart their path in business and what advice she would give to women who want to become millionaires.
His answer? Don’t focus on money.
Instead, focus on being the best you can be in your field.
Related: ‘All hell will break loose’: Barbara Corcoran issues warnings about housing market and interest rates
“Take money out of the equation and just focus on one thing: Try to find something that you do very, very well,” Corcoran explained. “And then practice until you get very, very good. And then you’ll have no competition. You’ll be at the top of your heap, whatever that is.”
“I’ll try anyone. I’ll try anything and I’ll try a hundred things to make one thing land,” he added. “I don’t care, there’s no shame. I know if something will hit if I try.”
Corcoran has had a lucrative career in real estate and as a longtime investor on ABC’s “Shark Tank,” but she’s also had to work extra hard to keep her job, telling her Instagram followers last year that she’d been almost got fired from the show. before it started.
Additionally, Corcoran’s real estate career was partly paved by deals and earnings she was able to make through commissions.
Related: Barbara Corcoran Reveals She Almost Got Fired From ‘Shark Tank’ Before Filming Even Started
But the recent NAR settlement, which removes sales commission rules for brokers and agents making the US 6% commission standard obsolete, prompted Corcoran and his colleagues to rethink the system.
“Change is nothing new to the real estate industry. What I know for sure is that real estate brokers and their agents are some of the most resilient people in the world,” he said in response to the NAR news. “They are creative and tenacious, and this opens the door for agents who can use that resilience and creativity to find new and better ways to serve their sellers and home customers.”
Corcoran’s net worth is estimated at $400 million.
Related: ‘Everyone’s Afraid’: Barbara Corcoran Says Now is the ‘Best Time to Buy a Home’ — Here’s Why