Barbara Corcoran Reacts To A Shark Tank Pitch
Highlights
- Barbara Corcoran has established her position as a Shark with the right advice for pitchers.
- Barbara shared her views about side hustle in a recent CNBC interview.
- The Shark’s advice is ideal for aspiring entrepreneurs.
In her decades of working experience as a real estate and investor, Barbara Corcoran has meticulously understood the nuances of entrepreneurship. The same is reflected in her stint as a Shark investor where she guides countless pitchers. Barbara continued her guidance through her advice in a recent CNBC interview.
The Shark, who herself began her journey as an entrepreneur, knows what works for the long haul. This is how she has managed to give the right tips to pitchers since appearing in Shark Tank’s first season.
Based on the same, Barbara Corcoran was recently asked about her advice for aspiring entrepreneurs on CNBC. The question was whether one should quit their job if their side hustle pays their bills.
Barbara’s Take on Side Hustle
In a candid response, the Shark said that if someone’s side hustle is able to pay for their basic expenses, they should quit their jobs instantly. Barbara’s exact words were, ‘Don’t wait too long.’ This is because the general perception of aspiring entrepreneurs compels them to think longer.
The perception makes them believe that they should pause and wait for about two to three years to see how things go about. If the side hustle is able to pay for their expenses consistently, only then will they take a risk. Otherwise, the aspiring entrepreneurs fear they might fail at entrepreneurship as well as end up losing their secured jobs.
Barbara’s Advice On Side Hustle
Barbara Corcoran stressed that the minute aspiring entrepreneurs feel they have enough overhead, they should live somewhere else. To pay a regular overhead, they should quit their jobs and take up their side hustle in a serious way. This way, they can start their business within their budget.
The Shark investor further added that it is not necessary that the decision may be right, but they should still get it going. Without giving it a try, one can never truly find out if things can work out in their favor.
This is why Barbara Corcoran reiterated that aspiring entrepreneurs should not wait for the ‘perfect’ moment but confidently turn their side hustle into a real venture.
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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