Imagine having a business idea or a product, but you don't
have the money or the expertise needed to bring the product to the market.
Disheartening, isn’t it?. This problem found a solution with the show, 'Shark
Tank'. In this American reality television series, entrepreneurs make
presentations for investment to a pane of investors known on the show as
'sharks.' This show is resplendent of the American dream. The show has been
running for the last eleven years and has allowed hundreds of entrepreneurs to
earn millions of dollars.
I would list down the reasons why you should start viewing it
right away for those who haven't watched Shark Tank.
The Dream Set of Investors
Shark Tank has a star-studded cast of investors namely
Mark Cuban, an entrepreneur, and owner of Dallas Mavericks)
Kevin O'Leary, a Canadian businessman, author, television
personality and politician
Daymond John, an author, investor, and a motivational
personality
Lori Greiner, an entrepreneur, television personality and
inventor
Barbara Corcoran, an American businesswoman, speaker, author
and consultant
Robert Herjavec, a Canadian businessman and investor
The show has also had guest appearances of eminent
personalities like Richard Branson and Maria Sharapova.
The Negotiations at the Shark Tank Is a Real Learning Experience
The contestants come in with a glorious valuation of their
companies and get severely ridiculed by the sharks. Everyone thinks very highly
of his/her business. However, there have been rare instances where the sharks
have agreed to invest based on the valuations that the contestants come up
with. There are a significant bargain and negotiations where the sharks and the
two parties often have to meet in the middle. The art of negotiation is at its
best display on this show.
The Opinion of the Sharks Is Sheer Invaluable
The sharks on the tank come with years of experience, along
with millions of dollars. They have seen what succeeds in the market, what it
takes to succeed, and how these businesses can thrive. Every presentation is
followed by a discussion where the sharks voice their opinions about the
products and the idea; they speak about the loopholes and also appreciate the
excellent work done. Not all presentation son Shark Tank gets a deal. But they
are sure to get the opinions and advice of the sharks, which is priceless.
The Presence of Mark Cuban and Kevin O'Leary
These two sharks have a very different approach to making
their investment decisions. You can often see them getting into heated
arguments with the other sharks. These sharks are vocal and say everything on
the face of the contestants, be it good or brutal. And their thumb rule - when
they speak, you listen.
There Is No Other Show Like This
The star cast of these sharks or the uniqueness of it, no
other investment shows match its greatness. Though there have been attempts to
match what happens on this Shark Tank, these attempts have never been at par
with this show.
It Is a Home of Ideas
When you see others make a product out of simple yet unique
ideas, you will believe that anything that solves an existing problem is a
solution and can be a product. You will be surprised by some ridiculous ideas
making millions of dollars. This is sure to give you the confidence and the
push needed to give your entrepreneurial dream a kickstart.
The Art of Collaboration and Coordination
Often multiple sharks make an investment offer in
collaboration as they each understand the uniqueness and the effectiveness of
such partnerships. Also, the Sharks sell themselves to the presenters by
justifying how the presenter's product matches some products in the shark's
portfolio, which the shark can leverage if a deal is made with him.
All said, the show and the stories it has to tell is always a learning curve. Shark Tank airs at 9:00 pm ET on ABC Network and Colors Infinity. It is also available on OTT platforms like Netflix, Prime Video, Voot.
Written by - Harshit Somani
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