Is Anyone Watching Shark Tank?
This new reality show is pretty informative about the world of business start-ups. This is a great show, because entrepreneurship is now prominently on TV and quite entertaining! It is also a good opportunity to see how investors and entrepreneurs think. Mind you, not all investors think in such a greedy manner as certain of the sharks on this program, but entrepreneurs need to realize that they are not doing a favor to investors when they present their projects to them for financing. There are many good projects everywhere. Investors have one goal: making money. Some choose to invest in small businesses to help the community, but they still want to make money. It should be known that investors are mostly interested in investment with a high yield, i.e. ventures that will make money fast and at a higher rate than what they would get at the bank. Investing in a business is always a gamble, but the level of risk has to be acceptable. What is interesting with this program is that it shows first hand how investors think and is very representative of how entrepreneurs think. In my next blog, I will discuss the myths brought on the show by entrepreneurs and that are common to most new entrepreneurs.
Need help to start a business? Visit www.WhizVentures.com and look at the excellent, easy to follow start-up books available on the site.
