Whether you started watching Shark Tank India because you love entrepreneurship or the memes that were all over the internet, or simply came through an episode while browsing social media; there are many lessons you can learn from the show.
It's about several business and life lessons that allow you to have a look at India's fast-paced, make-or-break entrepreneurial landscape. While it is true that Shark Tank presents business pitches and ideas through the lens of reality television, here are 7 intriguing Shark Tank learnings and vital observations for new startups and aspiring entrepreneurs:
- Success Is Driven By Passion: Pick any Shark Tank India episode and observe which entrepreneurs the sharks prefer to invest in. And you'll recognize one thing they all have in common: they're all pushed by passion. Being genuinely enthusiastic about what you do, regardless of whether you're an entrepreneur, or working at any other level, leads to success.
- Presentation Is Important: Imagine receiving two dishes—one that is attractive to the eyes and the other that looks like a garbage pile. Which do you select? Obviously, the dish with the best appearance. It's possible that the meal that wasn't as enticing tasted better, but how would one learn that without trying? Similarly, you should portray what you're saying or doing in a way that will catch people's attention if you want them to pay attention. Sharks invested in some of the entrepreneurs featured on Shark Tank India because they presented their concepts brilliantly and made such compelling presentations. Present your portfolio even when you're seeking a job so that, at least, nobody can refuse to give you a call.
- Clarity Is Essential In Life: Everyone desires to be successful, but still, only just a few people understand what they need to do to get there. The Shark Tank India judges praised contestants who demonstrated clarity about their thinking and business plans. Likewise, we can learn to achieve clarity in our opinions because clarity gives us self-belief, and self-belief allows us to accomplish anything.
- You Will Learn More From Failure Than From Success: The candidates' journeys revealed the obstacles they had to overcome before they were given the chance to showcase their products. The Shark Tank India experts experienced similar struggles before they were able to invest in others. Before Lenskart became well-known, Shark Peyush Bansal founded several businesses, and Shark Vineeta Singh founded many businesses that flopped before Sugar Cosmetics succeeded.
- Only Resources Are Not Enough: Even if you had a brilliant concept worth a million dollars, what use would it be if you couldn't start? Simply, quit feeling sorry for yourself and get to work. Taking the very first step is the only way to get to your destination. Even though your current resources may not be the best, you do have some. Utilize them; along the road, better things will appear.
- Find A Problem To Solve If You Want To Bring A Change: Shark Tank India inspired all of us to pursue entrepreneurship. Find a problem to fix if you're in the same situation. Instead of inventing something and then attempting to create a market for it, identify an issue that people are currently suffering from and see what you can do to fix it.
- Investors Put Their Money Into Individuals More Than The Idea: Simply said, wise investors, choose to invest in people over ideas. In contrast, faulty founders could easily lose even a fantastic idea. Intelligent, skilled, and determined entrepreneurs are more likely to lead this process correctly. There are several incidents in the show where the sharks trusted the founder more than the idea and invested their money in them.
Work on applying these straightforward yet insightful lessons from Shark Tank India's second season to your personal and professional life. You'll definitely be headed in the correct direction. You can enroll for the Anybody Can Earn Webinar to know more about the facets of making money and multiplying it as per your wish. To Know More, you can visit Bada Business.