4.8 • 1K Ratings
🗓️ 5 June 2018
⏱️ 7 minutes
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0:00.0 | If you're going to build something from nothing, you've got to know what really works. |
0:07.0 | 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 |
0:15.7 | Corcoran and you're listening to Business Unusual. Today I'm Business Unusual |
0:21.3 | I'll answer your questions about business motivation life or anything else on your mind |
0:28.0 | But first here's today's tip the big guy always has the corner on money, but the little guy always has the corner on creativity. |
0:37.0 | The very first listing I was able to advertise was a small one bedroom on the third floor in the back of the building without any light. |
0:45.0 | When I opened the New York Times to see what I should advertise, I found that there were over 300 apartments just like it advertising, and I didn't know how the heck I would compete. |
0:56.0 | So knowing I only had a thousand dollars to start my business and it wasn't going to go very far |
1:01.0 | I decided to become creative. I went back to the owner of the |
1:05.0 | building and convinced him to build a small wall that would divide the L of the |
1:09.7 | living room from the rest of the room. That enabled me to advertise that one bedroom as a one bedroom |
1:16.1 | and den. And that's exactly what I did. One bedroom and den, $340. |
1:23.4 | Although there was so many ads in that Sunday's paper, |
1:26.3 | no one had a den for the same $340. |
1:30.3 | I rented that apartment right out and used that money to continue advertising a one-bedroom |
1:35.9 | den as the developer constantly added the walls. |
1:39.8 | What I didn't have in money I had in creativity and it was a creativity that beat out all |
1:45.6 | the ads in the paper that day why I got over 200 calls on my little one bedroom |
1:51.1 | den while all the other competitors were wondering why their phone didn't ring. |
1:55.6 | When I was lucky enough to get my first condominium project, a whole building of apartments |
2:01.0 | to sell in the East 50s in Manhattan, I was thrilled. I thought I could |
2:07.0 | sell anything, but I was wrong. Not a single person I showed the units to made any kind of an offer. |
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