Barbara Corcoran, the founder of Corcoran Group and a familiar face from the hit show “Shark Tank,” is not only a successful entrepreneur but also a master at delegation. In a recent Instagram post, the 75-year-old shared her insights on the importance of hiring and delegating in building a successful business.
Embracing your inner “control freak” is the first step, according to Corcoran. She believes that being meticulous and detail-oriented is a crucial part of being a good boss. However, she also acknowledges the challenge of delegating tasks when you want things done perfectly.
Despite the struggle, Corcoran emphasizes the importance of finding someone who can perform a task at least 80% as well as you can. Investing in the right people is key to expanding your business and moving it forward.
Corcoran follows a three-question litmus test when hiring new talent to ensure she builds a strong team. She looks for qualities like happiness, hard work ethic, and talent in potential candidates. By delegating tasks that challenge employees to reach beyond their skill level, she believes in not just delegating but also developing talent within the organization.
Barbara Corcoran’s net worth is estimated to be around $400 million, a testament to her success in business and her mastery of delegation. By following her advice, you can take your business to new heights and build a strong team that will help you achieve your goals.