Barbara Corcoran may ooze self-assurance, but that wasn’t the case when she first stepped into the Shark Tank with four other accomplished businessman each more vicious than the next.
Sure Corcoran is one tough cookie herself, having amassed a fortune in real estate and smart investments. She made her wealth on her terms – without bloodshed. So watching Sharks like the ruthless Kevin O’Leary or the calm and confident, Daymond John gave her the jitters.
It didn’t take long – by day three in fact – for Corcoran to resolve her own insecurities and demonstrate the qualities that brought her enormous success.
Now she’s giving out sage advice for contestants pitching their ideas on the show – and for those viewers who are actually contemplating swimming with the Sharks. And believe it when she claims the producers put the entrepreneurial wannabes on edge from the start by setting them up. So pay close attention – and whatever you do…don’t flinch.
Click onto media bars for:
Barbara Corcoran’s recollections of the first two days on the set of Shark Tank.
How Barbara Corcoran overcame her insecurities by day three with the help of her parents.
How the producers psych out the contestants before they even set foot in front of the Sharks.
How coming in unprepared to pitch undermines the contestants.
Corcoran advises all contestants to have confidence in what they’re pitching.
Make sure the pitch includes a clear path for investors to not only make their money back, but to actually earn a big profit.
And above all be enthusiastic about what you’re pitching.
Shark Tank airs Fridays, 8:00 p.m. ET/PT on ABC.