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What is Shark Tank India All About?

by priyanka singh

To help people get off the ground, Shark Tank India has been set up to connect entrepreneurs with investors who can provide capital and mentorship. It creates a win-win scenario for all involved. The investors will find promising new business ideas in return for equity, while the start-ups will get access to experts who can help them grow their businesses. With these benefits, there’s no question why trying your luck on Shark Tank India could be a profitable idea.

The Origin Of Shark Tank

Shark Tank is an American reality show that aims to create opportunities for small businesses back in their early stages of development. The program features entrepreneurs presenting their business plans and then being interviewed by the investors on whether they should invest or not. They are then given an offer by the investors- if they accept it, then the deal goes through; if not, the entrepreneur leaves empty-handed.

The show is hosted by real estate mogul and star of The Celebrity Apprentice, Donald Trump. From the first episode in 2009, Shark Tank has featured everyday people who have started various businesses to help them make a living or start earning out of their hobby. Shark Tank India will follow that same format to provide Indian entrepreneurs a platform to pitch their business ideas while also providing them with investment opportunities. Shark Tank India will be aired on national television. This is a fantastic opportunity for aspiring entrepreneurs to have their dreams realized. The most important thing is to ensure that you have the right preparation to attract investment. 

How do you prepare for going on Shark Tank India?

Before even starting to prepare, it’s best to consider the three things that you will be most likely ask for. There are a lot of different questions that you may encounter during your pitch. The best way to prepare is by making sure that your answers are believable and based on solid facts. You may also want to ask friends and family members who’ve gone on before what the most common questions were and how they tackled them. Prepare your pitch in advance by getting the logic of your business down before going in front of an investor. With this help, you will be able to handle whatever questions they ask you and produce the most convincing arguments to ensure that you are the winner.

What type of business ideas get a chance on Shark Tank?

Three types of pitches make it on for consideration: Entrepreneurial Pitches, Simple Pitches, and Complex Pitches. 

Entrepreneurial Pitches refers to those businesses with a “game-changing” concept or business model. The opportunity is simply too good to turn down, in case another investor offers more money or another investment opportunity that is more appealing than the one given by the Sharks themselves. 

Simple Pitches are those businesses with a “smaller” but still promising business idea. The Sharks are more likely to give smaller or secondary investments for these pitches. Simple businesses usually have fewer moving parts but still, have the potential to grow and expand into larger enterprises.

Complex Pitches are those businesses that fall in between the other two types. Most of these could go either way, in terms of whether they succeed or not despite their potential. They’re sometimes hard to get excited about but with the right pitch and preparation. They could be successful yet also fall through because they simply don’t catch the attention of a Shark investor. What happens to the entrepreneurs who don’t get a deal?

In most instances, Shark Tank doesn’t provide any cash benefits or investments to the entrepreneurs. But in a few instances, there are exceptions. 

If the business fails to make it through on its own, the entrepreneur does not walk away empty-handed. Instead, all of the business plans are uploaded on the Shark Tank website for use by other people for some ideas. The community members themselves have completely different ideas on what to do with different types of businesses.  So it’s unlikely that every idea will be an ideal match for anyone. But it’s worth a shot, right?

What happens once you’re chosen to pitch on Shark Tank?

Once you’re picked to pitch on Shark Tank India, the next step is finding someone who can do your legal paperwork and organize everything. 

To make sure that you have all of the legal documents you need all organized in time for your pitch, it’s best to start preparing now so that it’ll be easy to get everything set up and finalized before going on Shark Tank India. Working with an attorney or a lawyer who does business incorporation and trademark work is the best way possible.  This will make sure that you are prepared for pitching your business idea.

Conclusion-

Shark Tank India is the place to be and all entrepreneurs should give it a shot. However, you must stay vigilant. Make sure that your pitch to Shark Tank India is as compelling and convincing as possible. In this way, you will get the investment you need to make your idea a reality.

Use this guide to help prepare so that your pitch will be as alluring as possible for investors. Although your chances of winning are slim, at least it won’t end up like many other less worthy business ideas have in the past!

 

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