Shark Tank Formula for Start Up Success
- Guest Author
- March 4, 2017
- Career Development
- No responses
ABC’s Shark Tank has entertained millions of Americans since 2009, however, this program is not only entertaining, it’s also informative. Regardless of whether you consider yourself an entrepreneur or not, you can glean valuable career advice from this primetime show. Here are some of the most useful career tips viewers have learned from the panel of sharks and hopeful entrepreneurs:
It’s ok to say “no.”
Every entrepreneur walks into the tank hoping to get a deal, but some have turned down deals that they didn’t think were a good fit. The lesson here? It’s important to say “no” when something doesn’t feel right. If you have too much on your plate at work, speak up and don’t take on more assignments. If you are offered an unfair salary as part of a job offer, say no and ask for what you deserve. It can be difficult for introverts to voice their opinions, but it’s absolutely necessary to get ahead in your career.
Don’t let the pressure get to you.
Being in front of the sharks can be intense, and many entrepreneurs end up crumbling under the pressure. When this happens, things tend to spiral out of control fairly quickly, and the entrepreneur rarely walks away with a deal. This should show you the importance of staying calm and levelheaded under pressure. If you feel overwhelmed at work, stop for a moment to take a few deep breaths to calm yourself down.
Entrepreneurs who enter the tank must know the ins and outs of their businesses in order to impress the sharks and secure a deal. How does this translate to your career? You should always be prepared for whatever lies ahead. If you are pitching to a client or meeting with your supervisor about a new project, be prepared. Spend time prior to the meeting thinking of what questions you may be asked and how you should answer them. Practice what you are going to say, especially if you’re nervous about speaking in front of others. Preparation takes time, but it pays off in the end.
For more information on lessons you can learn from Shark Tank, take a look at this helpful infographic:
Nick Rojas is a self-taught, serial entrepreneur who’s enjoyed success working with and consulting for startups. Using his journalism training, Nick writes for publications such as Entrepreneur, TechCrunch, and Yahoo. He concentrates on teaching small and medium-sized enterprises how best to manage their social media marketing and define their branding objectives.
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