Would you survive the Shark Tank?

Can you swim with the sharks?

I confess, I love the show “Shark Tank”.  In it, 5 venture capitalists are pitched a variety of business ideas and are asked to invest in the business for a percentage of ownership.  The sharks ask questions of the investor and either decline to invest or make offers and negotiate with the business owner.  Sometimes the sharks end up bidding against each other to cut a deal.

What I like best about the program is that the sharks ask probing questions about the business and the owner needs to have thought of the answers in advance to defend why his or her business is a good one to invest in.

As our company continues to provide funding for small businesses, I think every business owner should watch at least 3 episodes of the show – it will make you think about your business in a whole different way.

Here’s a link to the show http://abc.go.com/shows/shark-tank/

And a link to a great article about it http://www.thedailybeast.com/articles/2012/05/11/shark-tank-s-sneak-attack.html

 

About Joe Schmitz

Joe Schmitz has been involved in equipment leasing and finance for over two decades. Joe has a special area of expertise in the fitness industry, having placed funding in excess of 100 million dollars for small to medium sized health clubs, Joe has also funded general equipment projects throughout the United States. Currently one of approximately 200 Certified Lease Professionals (CLP) in the United States.
This entry was posted in Biz Plan, general musings, Personal financial, Uncategorized. Bookmark the permalink.

One Response to Would you survive the Shark Tank?

  1. Thanks, Joe. As owner of a growing fitness business I appreciated your referring Shark Tank to readers. I’ll make sure to watch future issues in order to sharpen my own critical thinking skills.
    Eunis WildFire! Christensen

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