Barbara Corcoran on What Small Businesses Are Doing Wrong

The video discusses a contest for small businesses, offering a $10,000 prize and a personal consultation. It highlights common mistakes made by undercapitalized entrepreneurs, such as spending on non-essential activities instead of direct sales efforts.

What is the main purpose of the contest introduced by the speaker?

• To advertise a new product

• To recruit new employees

• To promote On Deck's services

• To provide financial support and guidance to small businesses

According to the speaker, what is the biggest mistake undercapitalized entrepreneurs make?

• Not investing in marketing

• Spending money on non-essential activities

• Hiring too many employees

• Ignoring customer feedback

What does the speaker suggest is more beneficial than attending conferences?

• Hiring a public relations company

• Making direct sales calls

• Expanding the product line

• Investing in technology

Why do small businesses often avoid making sales calls, according to the speaker?

• They find it time-consuming

• They believe it's not necessary

• They lack confidence

• They prefer indirect marketing methods

What does the speaker imply is a 'death metal' for businesses?

• Avoiding direct sales calls

• Focusing too much on branding

• Over-investing in technology

• Expanding too quickly