Today marks the birthday of Barbara Corcoran, the renowned Shark Tank investor, who has made significant strides in the business world. At 76 years old, she took to Instagram to share not only celebratory pictures but also valuable advice on effective leadership, asserting her position as her own best boss.

Leadership Philosophy: Working for Employees

In a recent Instagram video shared with her 1.1 million followers, Corcoran declared, “I don’t mean to brag, but I am the best boss I’ve ever met, by far. I don’t think anyone could be a better boss than me.” Her bold statement emphasizes her belief in a foundational principle of quality leadership: the boss’s role is to support and serve the employees.

Experience and Growth

Corcoran’s extensive experience spans over 50 years. As the founder of The Corcoran Group, a leading New York City real estate firm, she managed to grow the company from just seven agents in 1973 to a formidable team of around 700 before selling it in 2001 for an estimated $70 million.

Today, she generates approximately $4.5 million annually from her investments, which includes profits from her participation in more than 650 “Shark Tank” deals throughout her 16-season tenure on the show.

Empowering Employees

Corcoran’s approach to leadership focuses on understanding the needs of her employees. She actively engages with them to find out their preferences, career aspirations, and how she can facilitate their success. In her words, “What can I do for you?” This mindset not only nurtures a supportive work environment but also positions her as an effective leader who genuinely cares about her team’s development.

The Selfless Boss

While Corcoran openly states that she acts “selflessly” in her management style, she recognizes that her supportive actions are mutually beneficial. As her employees grow stronger and advance in their careers, they continue to foster a connection with her that can benefit her in future endeavors. She noted, “I shower my people with anything they need selflessly. They carry me for a free ride along with them.”

Conclusion

Barbara Corcoran’s birthday serves as a reminder of her impactful approach to leadership and employee management. By prioritizing the well-being and growth of her employees, she not only builds a resilient team but also bolsters her own success. Her insights resonate with anyone aspiring to lead effectively and support their workforce.