Barbara Corcoran Says The Best Entrepreneurs Are Good At This One Thing

"Shark Tank" prima and existent spot pioneer Barbara Corcoran knows that being unfastened to caller things, whether adopting nan latest exertion for your business aliases moreover conscionable buying a caller coat, tin beryllium a ample information of expanding a business.

That's why she says nan 1 constituent entrepreneurs petition to beryllium successful is having nan expertise to pivot.

Related: Barbara Corcoran Needed to Make Job Cuts. Here's Why She Fired Her Mom First.

"I've learned that nan entrepreneurs I've invested successful are exceptional astatine 1 thing, embracing change," Corcoran says successful a caller conception of "Behind nan Biz pinch Barbara Corcoran," a web bid by AT&T. "It's proven to beryllium a cardinal to expanding their businesses."

In nan episode, Corcoran says AI is nan "hot topic" affecting entrepreneurs coming and asks Justin Fineberg, co-founder of CassidyAI, various questions connected really businesses tin usage AI to thief streamline their tasks.

Both entrepreneurs agreed that different important trait is being curious. By testing, researching, and exploring what is retired there, you'll cognize what you petition to grow, Fineberg said.

Finally, erstwhile considering "what's next," Corcoran recommends that business owners attraction connected nan "little guy" alternatively of what nan larger, mainstream companies are doing.

"I ne'er liking astir nan ample guy; my eyes are connected nan mini guy, 'cause he's truthful smart and fast," Corcoran said. "I deliberation nan mini feline is nan early competition."

Corcoran adds that she dismisses nan "big guy" because "they are ne'er going to drawback up, they are going to get slower and slower."

Watch nan afloat video connected LinkedIn, here.

Related: 'Not a Big Deal': Barbara Corcoran Says nan NAR Ruling Hasn't Had Much of an Impact So Far