Shark Tank: A must watch for Entrepreneurs ( Sunday Binge Reading: 09)

 

(Photo courtesy: pexels.com)

At the outset, I would like to say that I do not want to recommend TV shows to anyone. Most of the TV shows are meant for entertainment. These shows are no-brainers. Well, life will be monotonous without these shows. We human love stories and TV shows know well about that. There is a new show that is the talk of the town. It is called ‘Shark Tank’. Initially, the ‘Shark Tank’ show was broadcasted in the USA long back. I might have watched them long ago and forgotten about them. At that time, I was unable to comprehend various financial terms. So, it did not interest me that much. Nowadays, the “Shark Tank” Indian version is being broadcasted on Sony. But, this time, it is somewhat different for me. I have come across various financial terms due to many obligations, and in India, there is a great push for ‘start up’ culture by the Indian Government. A few years ago, people laughed and mocked people who did business. Now, it has become respectable. Young boys and girls want to start something their own. This is a great sign. Many ‘start-ups’ have seen phenomenal success lately. They have become unicorns such as Lenskart, Zerodha, Shaddi.com, Boat, Bharat Pe, Flipkart, Zomato, Swiggy, Ola, etc. We all know these brands and probably, we all have bought their products or services at some point in time.

The journeys of entrepreneurs are not easy. They face a financial crunch all the time. The ‘Shark tank’ show gives them a chance to raise money for their operations. But, I am recommending the show from a different point of view. Those who want to start a business should watch ‘Shark Tank’ because it is a treasure trove of knowledge. You get good concepts on sales revenues, profit before tax, EBITA, competitive advantage, compounded annual growth, the role of patent & copyright, first-mover advantage, business scalability etc. These concepts are complicated to grasp for people like us who are from non-business backgrounds. Above all, one can have an idea about presenting a pitch before an investor. This concept can also be used in personal interviews because career counsellors always tell one to behave as a business of one. We are all business of one offering our service in return for money.

At last, I would like to recommend a book called ‘ Zero to One' by Peter Thiel, who founded Paypal. The seminal book on businesses describes how a successful business is set up. Moreover, it casts light on how a business tries to be a monopoly in a step-by-step way.

 

You can read B.Tech Guidebook & Campus Placement Guidebook: For Engineering Students by the author

 

Follow us on The Review Facebook Page: The Review  

Follow us on Twitter:The Review 

Our Popular articles in the blog

1. Behavioral questions (https://authenticmedia2020.blogspot.com/2021/03/understanding-behavioral-questions-in.html)

2. Tellin your story(https://authenticmedia2020.blogspot.com/2021/02/telling-your-story-in-linkedin-for-job.html)

3. Personal branding (https://authenticmedia2020.blogspot.com/2021/02/personal-branding-for-job-interviews.html)

4. Soft skill hard skill (https://authenticmedia2020.blogspot.com/2021/01/soft-skill-for-job-interviews-for.html)

5. Transferable skill (https://authenticmedia2020.blogspot.com/2021/01/transferable-skills-concept-definition.html)

6. Enhancing employability (https://authenticmedia2020.blogspot.com/2020/12/enhancing-your-employability-during.html)

7. Cover letter (https://authenticmedia2020.blogspot.com/2020/12/cover-letters-and-resumes-t-p-on.html)

8. Professional networking (https://authenticmedia2020.blogspot.com/2020/12/professional-networking-benefits-for.html)

9. Communication tips (https://authenticmedia2020.blogspot.com/2020/11/communication-tips-for-interviews.html)

10. Being articulate (https://authenticmedia2020.blogspot.com/2020/11/being-articulate-for-interviews.html)

11. Mirroring Techniques (https://authenticmedia2020.blogspot.com/2020/10/mirroring-technique-to-master-for.html)

12. Personal job interview (https://authenticmedia2020.blogspot.com/2020/10/personal-interview-t-p-on-wednesdaysl-06.html)

13. Group discussion (https://authenticmedia2020.blogspot.com/2020/09/group-discussion-in-placement-drive-dos.html)

14. How to sell yourself (https://authenticmedia2020.blogspot.com/2020/09/how-to-sell-yourself-sunday-series-with.html)

15. Your Attire Carry You (https://authenticmedia2020.blogspot.com/2020/09/your-attire-carry-you-t-p-series-on.html)

16. Leadership (https://authenticmedia2020.blogspot.com/2020/07/leadership-quality.html)

17. What are your strengths? (https://authenticmedia2020.blogspot.com/2021/07/what-areyour-strengths-t-p-series-on.html)

18. What are your weaknesses? (https://authenticmedia2020.blogspot.com/2021/08/what-are-your-weaknesses.html)

19. Tell me about yourself. (https://authenticmedia2020.blogspot.com/2021/08/tell-me-about-yourself-introduce.html)

20. Online Interviews, Telephonic Interviews, etc. (https://authenticmedia2020.blogspot.com/2021/09/online-interviews-telephonic-interviews.html)

21. Avoiding Herd Mentality During College Life (Sunday Binge Reading:02) (https://authenticmedia2020.blogspot.com/2021/11/avoiding-herd-mentality-sunday-binge.html)

22. Considering Oneself as a Business of One (Sunday Binge Reading:03) (https://authenticmedia2020.blogspot.com/2021/12/considering-oneself-as-business-of-one.html)

23. Do you put your future in others' hands? (Sunday Binge Reading:04)

( https://authenticmedia2020.blogspot.com/2021/12/do-you-put-your-future-in-others-hands.html)

24. Are You Employable by Private or Govt Sector Companies? (Sunday Binge Reading:05) (https://authenticmedia2020.blogspot.com/2021/12/are-you-employable-by-private-or-govt.html)

25. Common Mistakes in a Cover Letter & Resume ( T & P Series on Wednesdays: 20)

 (https://authenticmedia2020.blogspot.com/2022/01/common-mistakes-in-cover-letter-resume.html)

26. Everything boils down to communication at the end (T& P Series on Wednesdays: 21) (https://authenticmedia2020.blogspot.com/2022/01/everything-boils-down-to-communication.html)

27. What Chetan Bhagat Has to say about Networking? ( Sunday Binge Reading: 06) (https://authenticmedia2020.blogspot.com/2022/01/what-chetan-bhagat-has-to-say-about.html)

28. Remember what you read!!!! Digest what you read!!! (Sunday Binge Reading: 07) (https://authenticmedia2020.blogspot.com/2022/02/remember-what-you-read-digest-what-you.html)