Shark Tank – Entrepreneur Arrogantly Cuts Off Robert Twice
Shark Tank is an American reality Television Programme which aspires the entrepreneurs to come before a collection of 5 experienced businesspeople and make a pitch, hoping to attract dollars and guidance from one or more of the so-called sharks. The Sharks are potential investors who consider offers from aspiring entrepreneurs seeking investments for their business or product. The Sharks will be changing from time to time. The Sharks will be paid for their participation in the tv programme, but the money they invested will be their own. Shark Tank offers a lot more than contestants asking the Sharks for money and making deals.@viralyoutube#
Shark Tank is produced by Mark Burnett based on the format Dragons’ Den, which originated in 2001 with the Japanese show Tigers of Money. The television series was premiered on August 9, 2009, on ABC(American Broadcasting Company). It is a great show for figuring out how to start a business.@viralyoutube#
The entrepreneurs make a pitch for investment, the Sharks can decide whether they have to invest or not to invest, And if they invest, they may have a Shark fight and try to outbid each other. And if the panel members opt out, the entrepreneur leaves the show empty-handed.@viralyoutube#
The Sharks often finds the defects and faults in an entrepreneur’s concept, product, or business model. They just jump on people who are just trying make a buck, and they just eat them mercilessly. They come across as harsh, money-grubbing, and selfish most of the time. But the kicker is that in the world of investing,@viralyoutube#
This show is a public service. It shows you how hard business people operate. No disclaimers are required here. Individuals who come into this show should not expect any sympathy from the panel; they are true sharks. When they make a deal, they have stripped the victim to the bone. @viralyoutube#
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Are you planning to start and run your own business? Do you know the right qualifications and characteristics an entrepreneur must have to succeed? Does your profile match that of a successful entrepreneur? In this article we will explore and discuss the essential characteristics that every entrepreneur must have. There are several important traits and values that are common among successful entrepreneurs. Before you go and start your enterprise, it will be very helpful to think and reflect whether you have what it takes to be a successful entrepreneur. If not, you can also start developing these character traits.
1. Successful Entrepreneurs are Self-Confident – to succeed in the highly competitive business world, confidence and trust in oneself is an indispensable trait. Self-confidence means trusting your own powers and capabilities. The world of entrepreneurship is not alien to failure and disappointments. To survive in such a cutthroat world, an entrepreneur must have the ability to look within himself and find the drive and persistence to pursue his enterprise. An entrepreneur must have the gumption to face any adversity and tackle any problems that may be encountered in the world of business.
2. Successful Entrepreneurs are Risk-takers – being an entrepreneur means having the ability to trust your hunches and acting on them. Great business ideas sometimes start as a hunch which enterprising individuals acted upon. There is always the risk of loss in any endeavor, and entrepreneurs have just the right confidence to take calculated risks to achieve their objective. However, an entrepreneur’s risk-taking does not depend on luck, but on sheer effort and hard work.
3. Successful Entrepreneurs know the value of money and are careful about their finances – to succeed in any business; an entrepreneur must understand the value of money and the cost of things. Typically, successful entrepreneurs learned how to earn and value money at a young age. Most of them started out by earning loose change as teenagers mowing lawns, doing groceries, babysitting for neighbors, etc.
4. Successful entrepreneurs have the so-called head for business – many entrepreneurs are gifted with intuition: they know what product or service is going to ‘click’ next. However, this ability does not involve clairvoyance or extra sensory powers of some sort, but rather, keen observation and understanding of what is going on around him. A good entrepreneur is always on the look out for new ideas and new ways to make money.
5. Successful Entrepreneurs are competitive – the world of business is a very competitive environment. An entrepreneur must be aggressive enough to pursue his goal despite having many rivals and competitors. An entrepreneur must know how to stay ahead of his competitors, either by introducing new ideas and exploring new ventures, all in the spirit of expanding his business.
6. Successful Entrepreneurs are honorable and have a good work ethic – although it is a fact that the business world is ruthless, but the successful entrepreneur will strive to make every business deal honorable. The mark of a successful entrepreneur lies in a good personal work ethic that ultimately leads to good business practices, excellent reputation and good association with industry peers and business partners.
7. Successful Entrepreneurs know the importance of leisure time – hard work and determination are very important values every entrepreneur must have. However, a good entrepreneur knows when it’s time to take a step back from all the rigors of business and enjoy some downtime with their family. Besides, we all do need a little relaxation to refresh the body and mind before plunging back into the challenging (and stressful) world of business.
These are just seven of the most important characteristics of an entrepreneur. Of course, the characteristics every entrepreneur must have are not limited to the ones mentioned. Having these characteristics is not a guarantee that an entrepreneur will be successful. But with these characteristics, an entrepreneur has just the right ingredients for success. All one needs to do is to find the right mix of these values, excellent timing, perhaps a bit of luck and, of course, faith in oneself. So, do you have what it takes to be a successful entrepreneur? Go over these characteristics and values mentioned and reflect if you do have these.