person present their product.
It is interesting to see entrepreneurs and small business owners ask the “sharks” for money to help them financially get their company/product off the ground and then market it effectively. In turn if they get the money they also give the “sharks” a percentage of their company/product. Some of the entrepreneurs and small business owners have no idea what their company/product is worth along with their market reach or projected revenue. All of this is essential information to know. Make no mistake about it the “sharks” can be rude sometimes but they are self-made millionaires so you have to give them credit for achieving that goal. Many of the “sharks” made no money the first few years before they hit it big.
That being said the questions the “sharks” ask,the figures they come up with as to how much money each company/product would actually need and the percentage of that company/product they want is mesmerizing. Negotiating is a tool to be learned and you can learn a lot about it on this program. They also have follow-ups to those companies/products they invested in and how they are doing now.
I admit at first I had to warm up to this program but now I never miss it. Forget about how the “sharks” react and listen to the negotiation and what you need to know before asking for an investment in your company/product whether it be from
the “sharks” or a loan from a bank and the “elevator speech”each one makes to get the investment.
Agree or disagree but if you have a business/ product to sell and haven’t watched the “Shark Tank” give it a try and watch it but from the point of view of what can be learned under the toughest "sell" situation.
Have a great day!