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This story originally appeared on GOBankingRates
Barriara Corcoran, a real estate expert and business expert, started Corcoran Group when she was 23 years old. Despite launching its business at a time when the business world has been a long-standing club, it has developed into one of the best real estate companies. In New York City. I sat with Shark Tank To know how she did it, and to get her advice to any other young women looking to launch a successful business themselves.
Barbara Corcoran grew up with a model in how to run business: her mother.
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"Everything had his place," a spokesman for Amazon's American Express card said about how her mother ran the house. "If I did something more than once, I created a system, just like an industrial person, and it was a great catalyst, so it was, in a real way, a great coach. [and] Leader."
Corcoran appreciates the lessons she learned from her mother and her core desire to succeed as the driving force behind the success of the Corcoran Group.
"A lot of people think that you have a lot of knowledge to start a business," she said. "I had something much more important – I had a dream … I had a clear picture of who I wanted to be: I wanted to be the New York real estate queen."
Did not let the fact that most of them men who were sitting at the head of many big companies are preventing them from knowing how to achieve the career of dreams.
"The world was owned by old boys, rich men who inherited business from their father and father before," said Korcoran. "But in my mind a bit, I thought," I will be the queen of this city in real estate. "I moved around and moved about it until one day I was writing in New York Magazine, have contacted me "Queen of New York real estate."
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The Shark Tank She said she would not be able to succeed in the business world if she did not wait until later in life to start a family.
"When I built my work, I built it as a man almost," Korcoran said. "I had no children, I did not have a marriage, and I focused heavily on building my work from the time I was 23. So, in a real way, I had no other concerns: I had my first child at the age of 46, I can tell you that as soon as my family started, I could never build the works I built if I were an early mother, I just did not have the focus, I did not have to be completely dedicated. Division of work, thinking and dividing your heart. "
The Pole advises other aspiring small business owners to make sure they have a plan to handle the limited cash flow when the company is set up and operated.
"Here's what's going on with a small company: you have great dreams, you want to drive ahead, and your sales are growing – and what gets in the way is cash flow," she said. "You can not seem to have enough money to make it over the next three months compared to your expenses. [A business credit card like] The Amazon Business American Express card removes this capability, because it essentially serves as a permanent line of credit for a small business owner. This is tremendous. "
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Corcoran hopes to inspire other young women who want to start their own business to pursue their passion.
"The best advice is if you're young, the working woman dreams of what she wants to do, and she finds a way to do it," she said. "The only sad people I have met in my life are the people who want to be strong, Elisa, and the Castilla, you do not want to be one of them." The best incentive in the world is to open yourself to life and say, "What do I really want to do? What do I really dream about? How will I go there? And take a shot in it. You'll go out and grab what you can. You just go once. "
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