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A Shark’s Tale: Switching A $1000 Loan Right Into A $66 Million Exit

A Shark’s Tale: Switching A $1000 Loan Right Into A $66 Million Exit

Many entrepreneurs possessed a manager at some true point before they began unique company. Barbara Corcoran had 22. Real estate mogul Corcoran had 22 jobs before she ventured down on her behalf own, and enjoyed them but one.

“Other than that certain exclusion I liked every one, the just piece we performedn’t enjoy ended up being having a supervisor,” said Corcoran. Then when her boyfriend at that time provided her $1000 to begin a real-estate company she rapidly accepted. In terms of exactly exactly how she selected property, it had been also a hasty choice. She claims she performedn’t grow up thinking of being a realtor, her boyfriend pushed her in that course. “It wasn’t also my idea,” she says. “He stated you’d be truly great at real-estate product product sales, the reason why don’t you start an actual property company.”

That real-estate company became Corcoran Group, a five billion buck business, which she marketed for $66 million in 2001.