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Entrepreneur Ignores When Robert Goes Out “I Want to Partner With Someone Who Believes” – Shark Tank

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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It is said that in order to become a successful individual in whatever endeavor you wish to take, you must have the right attitude and characteristics. This is also true with an entrepreneur. Not everyone can become an entrepreneur. But before anything else, what is an entrepreneur?

Similar to what the above mentioned situation has stated, an entrepreneur’s responsibility would be pretty much the same. It’s just that, he should see his customers as his patients and what they must have to survive a present predicament or a need. He must follow certain steps before doing anything irrational that could contribute to the downfall of his business. He should have certain characteristics innate in his personality for if he lacks one of these, he’s most probably doomed to fail.

What are the characteristics of an entrepreneur? Are they really important? Well, of course the characteristics are important because if you don’t possess them, you will have lower chances in terms of business success. The characteristics are as follows –

* Optimism – is foreseeing things in a positive way notwithstanding any circumstances that may hinder progress. The assertiveness of an individual depends on his knowledge of how to handle a difficult situation

One of the most important roles of an aspiring entrepreneur is to always keep customer satisfaction at its highest point. They should understand the difference between the wants and needs of their consumers. Providing the available resources is not enough to satisfy a need because people are born to crave for more than the usual amount given.

2. Smart – being smart is another characteristic of an entrepreneur. You have to be clever, keen, and witty in all your business dealings. You have to show mental alertness and intelligence so that you can win the respect and trust of customers and other clients.

3. A leader – leadership is a characteristic that is hard to find among individuals. Not many individuals have the nerve to take the lead. To become a good entrepreneur, you must be a leader. Some say that this is a born characteristic but if you don’t possess it, you can also learn to become a leader.

Where would you get materials, machinery and facilities needed for production? From suppliers. With the constant price hike, an honest negotiation would bring much advantage. An entrepreneur should be capable of assembling all the elements into one and at the same time treat each element equally. Dealers are like gasoline that fuel-up the industry with the appropriate raw materials, facilities and machinery.

Battling everyday disappointments and struggles can make a man fall to his knees and give up everything he has worked hard for. But on the end of the day there would still be hope to do better. This is a world where competition made history.

5. Honest and trustworthy – some say that eighty percent of an entrepreneur’s time is dedicated to pooling and attracting customers. This may be true because without the customers, the business will not exist. You have to be honest and trustworthy so that you can develop good will.

There are other characteristics that an entrepreneur should possess. These characteristics help him or her do all the business responsibilities and obligations that need to be done.

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