Business Valuation – in the Shark Tank
My blog topic for today is a bit on the lighter side. Ever seen the program on ABC named “Shark Tank”? While it’s obviously an entertainment show, there are some incredibly interesting strategic and management aspects to the show.
In case you haven’t heard of the Show, here’s the quick synopsis from the Show’s web site:
The Sharks are back to continue their search to invest in the best products and businesses that America has to offer. The critically acclaimed Shark Tank gives budding entrepreneurs the chance to make their dreams come true, and possibly make a business deal that will make them a millionaire. Season Three continues to make TV history, with the Sharks offering over $6.2 million of their own money in investment deals to bankroll a creative array of innovative entrepreneurs.
The “Sharks” consist of people like Marc Cuban, owner and chairman of HDNet and owner of the Dallas Mavericks (among many other companies); Barbara Corcoran, Kevin O’Leary, Lori Greiner, Daymond John, and Robert Herjavec.
As a small business owner, I’m always extremely curious as to other business owner’s ideas, perceptions of value, and their plans to grow – and this show gives each of the entrepreneurs a crash course on what they’ve gotten right, and where they’re completely clueless.
If you’ve got the time and inclination, I would recommend checking it out – Fridays on ABC at 8pm. Like most things, some episodes are great, while others are annoying – but you’ll definitely come away with new ideas, new motivations, and new strategies.
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