Many aspiring entrepreneurs are looking for start-up ideas to convince investors when it comes to setting up their own businesses. However, what most of them lack is a business model that will show the potential investor lucrative future prospects and consistent profits. A business model needs to be framed with care and detail but the vital question is what should you include in your business model to woo potential investors?
Wooing investors and making them interested in your business models
Bennett J Kireker is enthusiastic about business and he says that one of the best ways for an aspiring entrepreneur to woo potential investors is to watch the popular reality TV series aired on television- Shark Tank. This TV show originally aired on the 9th of August, 2009 on ABC. The Show is the franchise of the popular international format called Dragon’s Den that appeared for the first time in 2001 in Japan. In Shark Tank, you will find contestants who are aspiring entrepreneurs making business presentations to a expert panel of business investors that are called “Sharks” These widely acclaimed investors will decide whether to invest in the business venture or not. This television series has a tremendous success rate in the world and it has won The Primetime Emmy Award for Outstanding Structured Reality Program twice. The Series is currently running on its 8th season that premiered on the 23rd of September, 2016.
Learn from the popular TV series
The Series has met with positive reception across the world and many aspiring entrepreneurs have learned how to make business presentations to potential investors. He says that if you are keen to start a business and but sure on how to present a business model, you can watch this series. It will help you in a large manner to understand the nature via which you can make your presentations and pinch the concept of your business. The panel also recommends certain improvements to the models that you can take as an idea. In this way, you can improve on the business presentation part and implement the suggestions that are shared on the reality show. At the same time, you will learn on how to professionally manage and take charge of rejections. There are disappointments as all the investors may disagree or even criticize a business model that makes no sense to them. This is where you should learn and pick up the cue when it comes to framing your business proposal and pinching it to a targeted investor.
Bennett J Kireker says that when it comes to business presentation and proposals, it is important for you to do your homework well. At the same time, you need to pick up your presentation skills. With the right presentation skills, you effectively are able to convince investors and give them the confidence that your business idea will not only benefit you but them as well. Shark Tank has helped many aspiring entrepreneurs to learn and implement ideas and concepts. This is the reason why it is one of the most popular and widely sought after TV serials in the world today for aspiring business entrepreneurs he says!