This was exemplified in episode #11 when a father-son duo came with a third co-founder who was also the inventor of the pitched product. The sharks have spoken a lot about valuing the founders and subordinates. People Management is Important for Business Know the answer to these questions before you dive in.Ģ. “Why would people buy from you and not from others” and “if your product is easy to copy, then how will you differentiate” are two questions that sharks frequently ask prospects. The sharks opined that he was in the business of invention rather than problem-solving and had confused his education with business.Ĭlarity of thought is extremely important when going into business. In episode #21, for instance, there was this engineer who invented three different and unrelated products. A clear mission and vision also give you a great brand story that will attract consumers to your brand. Only when you know what value you bring to your consumer and pitch that value to prospective customers can you expand your reach. If you jump into entrepreneurship without a clear vision, you’ll not be able to sustain your business. That’s one of the most important lessons the show brought to its participants and viewers. The best business strategy can fail without clarity of thought. Here are the 10 most valuable lessons from the show for all entrepreneurs. Some won and some lost, but everyone learned something from the show – including the viewers. While the show has ended, there’s still quite a buzz about it not only because it was the first of its kind but also because the show highlighted many significant but often ignored aspects of a business. investors, for funding in exchange for a share of the business. The show featured entrepreneurs pitching to sharks, a.k.a. The inaugural season of the popular television show Shark Tank India, which premiered on December 20, 2021, and concluded on February 4, 2022, captivated India.
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