A Shark Tank Masterclass on Starting a Successful Business | Barbara Corcoran

5 Feb 2026 · 7 min · 3 chapters

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The Daily Motivation Podcast: Episode Summary

Podcast Overview Title: The Daily Motivation Host: Lewis Howes Description: The podcast explores how the stories we tell ourselves shape our lives, encouraging listeners to embrace positivity and resilience.

Episode Title Title: A Shark Tank Masterclass on Starting a Successful Business | Barbara Corcoran

Episode Summary In this episode, Lewis Howes interviews Barbara Corcoran, a renowned entrepreneur and investor, particularly known for her role on *Shark Tank*. The conversation centers around the themes of persistence, resilience, and the critical role of overcoming failure in the journey to success.

Key Themes

  • Embrace Rejection:
  • Corcoran emphasizes that rejection is a necessary part of the journey. Instead of viewing setbacks as mistakes, she encourages listeners to see them as opportunities for growth.
  • Personal Journey:
  • Corcoran shares her own experiences and how she has navigated challenges throughout her life.
  • She reflects on the importance of taking risks and stepping outside of one's comfort zone, citing her participation in *Dancing with the Stars* as an example of facing fears.

Insights from Barbara Corcoran

  • Fear of Regret:
  • Corcoran discusses a strong aversion to regret, which motivates her to take on challenges. She believes that shying away from opportunities can diminish one's confidence.
  • Confidence through Failure:
  • Each failure, according to Corcoran, contributes to building confidence. She notes that attempting multiple ventures—even if they don't succeed—ultimately strengthens one's self-belief and ability to engage with life fully.
  • Impact of Public Perception:
  • While public failure can feel daunting, Corcoran finds that the respect she earns from peers after taking risks enhances her confidence.

Corcoran's Advice for Aspiring Entrepreneurs

  • Leverage Your Strengths:
  • Identify and leverage personal strengths to differentiate oneself in a competitive market.
  • Persistence Pays Off:
  • Success often comes from continuing to try despite repeated failures. Building resilience is key to long-term success.

Ending Notes

  • Upcoming Book Promotion:
  • Corcoran promotes her new book, *Make Money Easy*, aimed at helping individuals transform their relationship with money for greater financial freedom.
  • Call to Action:
  • Listeners are encouraged to follow the podcast, leave reviews, and subscribe to the Greatness newsletter for more motivating content.

Key Takeaways

  • Resilience and Growth: Embracing failures as part of the personal and professional journey leads to resilience and growth.
  • Importance of Taking Risks: Stepping out of comfort zones is essential for gaining experiences and achieving success.
  • Confidence Building Through Action: Engaging in challenges, even with the risk of failure, can enhance confidence and self-worth.

This episode of The Daily Motivation provides invaluable insights into entrepreneurship, personal growth, and the mindset required to overcome life’s challenges.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

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Facing Mistakes and Regrets

0:45 to 2:29

Barbara Corcoran reflects on mistakes and the fear of regret.

“But I don't see them as a mistake because as quick as you're thinking, oh, poor me, you start to see the light of the door that is opening that couldn't have opened without it.”

The Power of Trying

2:29 to 3:43

The importance of trying new things and building confidence through failure.

“It's like fear of a nightmare that might happen.”

Public Failure and Courage

3:43 to 4:21

Barbara discusses public failure and gaining respect from peers.

“Do you feel like you're more confident even though you're the first one out of Dancing with the Stars that you did it?”
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Transcript

Automatic transcript. May contain errors.

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:14You mentioned that your previous boyfriend, a boyfriend back in the day, married a secretary and it was the greatest gift that you had because you got out of a relationship that wasn't going to work or you met your partner. Is there really like a challenge or a mistake you made in business or life besides that? I don't think I'm the type of person that is brave enough to admit I've made a mistake, honestly, because I think things have not worked out along the way where things just didn't work out as I had hoped or dreamed them to be. But I don't see them as a mistake because as quick as you're thinking, oh, poor me, you start to see the light of the door that is opening that couldn't have opened without it.

0:54OK, so I don't have like a regret that this was a big mistake or that was a big mistake. But I have to also say I have my whole life been very cognizant of doing anything and exposing myself to anything, even when I didn't want to do it, because I'm deathly afraid of feeling like I would regret. Like, what if I don't do it? That's more of a motivation for me than doing it. Me too. Like, for example, with Dancing with the Stars, I did not want to do it. I'm an old babe. The last thing I want to do is practice four hours a day. You were great. You think I was so great? Not the judge. I was the number one person on Dancing with the Stars last season.

1:33Number one rejected. Now there's a record. So you might say that was a mistake with all the work that that led up to. And it was a social embarrassment. I thought I'd be rejected maybe number three or five or six. But number one, I never saw it coming. But you know what? I'm so thankful I did it. And the minute I recovered by the next morning, I'm like, thank God I did it. Thank God it's over. It's a lot of work. It's a lot of work. Because I didn't want to, I said yes because I didn't want to wonder what it would have been like, you know. So what I learned from that is that I can't dance well, but inside my body I feel like I'm a good dancer.

2:07And I'll get out on any dance floor and do my own makeup steps. And people really smile as I'm dancing because I don't really give a crap. I learned the same lesson I learned again and again, which is thank God I did it. Thank God. And the injury of, oh God, you did so poorly, dissipates quickly. but there's an echo to not trying something that's going to sting you, I think. Not that I know that because I really don't do that, but I'm afraid of it. It's like fear of a nightmare that might happen. I don't know why because I don't really have that in my life, but I'm fearful of it. You know what regret does, I think, and why I've been able to build up my personality and whatever I can get out of and give to life as best I could?

2:50What regret does is it quietly takes down your confidence a notch. Because in short, you're a coward. You shied away. Even if the right decision is to shy away. Once you shy away, you quietly, without even consciously thinking, think a little less of yourself. Now, I say that from experience because I've watched many people get stronger or people where life makes them weaker. And there's a lot that goes into that. But I really believe that that regret piece is not given enough due. You really have to try everything and try your best. Two out of three things I try don't work out, you know, but people just remember the success.

3:29But I know what the failures are. But still, I got confidence out of failing each time. A little notch up, a little notch up. So then you conduct yourself with more power in life because you feel better about yourself. And ironically, you have more to give. You're a better package to get more because you've put a lot into that basket by just trying, trying, trying, trying. Do you feel like you're more confident even though you're the first one out of Dancing with the Stars that you did it? Absolutely. Absolutely I'm more confident. I got a lot of confidence out of that because every female friend and male friend I had that was even close to my age, I want all their respect.

4:08And they constantly say, that was amazing. That was amazing. So even my friends that kind of took me for granted think better of me. I went up a notch in their head. It takes a lot of courage to publicly fail. But I happen to be very good at public failure. Really? Because I've done it my whole life. And that doesn't bother me. I think what I didn't want to happen was that I would look foolish or old dancing with a 24-year-old ripped stud on the floor until I realized it feels really good to lean in on that guy and let him spin you around that floor. And how many my girlfriends are having to dance with anybody like that lately?

4:41There you go. That's a good way of looking at it. Yeah.

4:54I have a brand new book called Make Money Easy. And if you're looking to create more financial freedom in your life, you want abundance in your life, and you want to stop making money hard in your life, but you want to make it easier, you want to make it flow, you want to feel abundant, then make sure to go to makemoneyeasybook.com right now and get yourself a copy. I really think this is gonna help you transform your relationship with money this moment moving forward. We have some big guests and content coming up. Make sure you're following. And thank you for listening to this episode of the Daily Motivation Show.

5:37Thank you so much for listening to today's episode of The Daily Motivation, and I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. That will take you to the full episode of our main podcast on The School of Greatness. And if you are loving The Daily Motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcast right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.

6:27Again, have an amazing day, and I'll see you tomorrow with another episode of the Daily Motivation Show. Thank you.

From the publisher

Leave an Amazon Rating or Review for my New York Times Bestselling book, Make Money Easy!

Check out the full episode: https://lewishowes.com/podcast/barbara-corcoran-success-in-business-and-life/

Barbara Corcoran emphasizes the role of persistence and resilience in the face of failures and setbacks, citing her own journey as an example. She advises listeners to embrace rejection as a stepping stone to success and to leverage their strengths to stand out in a competitive market.

Sign up for the Greatness newsletter: http://www.greatness.com/newsletter

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