Phil Town on CNBC's The Millionaire Inside (Photo credit: Phil Town)

How Dealing With Rejection Helped Barbara Corcoran

Barbara Ann Corcoran is a highly successful investor, consultant, and businesswoman. She is famous for being a shark investor on the ABC show Shark Tank.

Throughout most of her life, Barbara Corcoran felt that she has been most shaped for her business endeavors not by her successes, but by her failures and her rejections. Everybody fails, but she stresses that the important part of failure is not letting it affect you in a negative way. It is the staying down part that will hurt you the most, not the failure itself. It is important to get back on your feet again and prepare to go after the next potential client, instead of sulking on the failure and letting it ruin your outlook.