If you're going to build something from nothing, you've got to know what really works.

I took a thousand dollar loan and built a five billion dollar business, and now I make smart investments in new businesses on Shark Tank. This is Barbara

Corcoran and you're listening to Business Unusual. This week on Business Unusual

I'm going to be answering all of the great questions you guys keep sending me in. on business,

on unusual, I'm going to be answering all of the great questions you guys keep sending me in

on business, life, how to move forward, how to jump over obstacles.

Come on, I'm good at it and I want to share my advice.

But first, you may think you need a fancy business

to make it big in business, but you know I just don't agree because there's a huge difference

between well-educated and plain old smart.

And if you're going to be in business, you better learn right now what the difference is.

I've learned that Street Smarts is a big kahuna that gets you father, much farther in life than a fancy school can.

And many people make the mistake of thinking that if they've gone to a fancy school and they've studied business like crazy and taking the right courses, by God they're going to do well.

They have what it takes now with that diploma in their hand to succeed wildly in business.

And boy, are they mistaken?

The great majority of these kinds of people really fail.

I know, I've invested in a few of them on Shark Tank and I don't do it anymore.

I meet lots of would-be entrepreneurs on Shark Tank and they throw around the fancy

words like, what are some of them I hate them all burn rate I'm gonna pivot I'm

gonna iterate I keep meaning to look at that one up this is disruptive I'm talking

about just capture one percent of the market and we are going to make millions.

Oh yeah?

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