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Taking A Bite Out Of Shark Tank: A True Entrepreneur’s Journey

by | Aug 23, 2023 | 0 comments

PHOTO OF SHARK TANK

Who doesn’t love Shark Tank? We’ve all been watching it now for over 10 plus years. It has introduced all of us to the possibilities of bringing our ideas to market. With the right idea, pitch, and a supportive shark, success seems within reach. But let me tell you, it’s not as easy as it seems.

The Challenge Of Getting On Shark Tank

First and foremost, just getting on the show is a difficult task. The competition is high, and only a few entrepreneurs make it. And even if you manage to land a deal with a shark, things can still fall apart during their due diligence process. It’s a tough reality, and not every deal goes as planned.

Even The Sharks Make Mistakes

Believe it or not, even the sharks are not immune to mistakes. They, too, can miss out on incredible opportunities, proving that even the most successful investors can’t foresee everything.

For example, Mark Cuban, a billionaire with a remarkable track record, revealed that he didn’t make any money on his $20 million investment in 85 Shark Tank pitches. Surprising, right?

As an entrepreneur, I’ve learned that success is a numbers game. Nobody has a crystal ball that guarantees prosperity. It’s crucial to recognize that Shark Tank, though influential, is ultimately a TV show. In real life, it is difficult to be an entrepreneur, and success is never assured.

As Matthew McConaughey put it;

“What truly amazes me is that despite the challenges and uncertainties, true entrepreneurs remain undeterred. We understand that the odds of success may be slim, and achieving our goals will demand significant effort and perhaps a touch of luck. But that doesn’t stop us from pursuing our dreams with determination.”

As I mentioned before, succeeding in business is like a numbers game. To boost your chances of success, explore various approaches and avoid depending solely on one plan for achieving your goals.

Avoid putting all your efforts into just one option. Instead, explore different opportunities to increase your likelihood of succeeding.

And remember, if something sounds too amazing to be real, it most likely isn’t as good as it seems. Stay cautious and practical in your decisions.

Final Words: Taking A Bite Out Of Shark Tank

Shark Tank is undoubtedly a thrilling show that has inspired many entrepreneurs to pursue their dreams. However, it’s essential to understand that the real entrepreneurial world is not as glamorous as portrayed on TV.

It’s challenging, unpredictable, and requires resilience. If you have a real passion for your ideas and are ready to work hard, the journey can bring amazing rewards. Don’t hesitate, dive into the Shark Tank, and let the world see your potential.

Author

  • Stephen Key

    Stephen Key is an award-winning inventor, renowned intellectual property strategist, lifelong entrepreneur, author, speaker, and columnist.
    Stephen has over 20 patents in his name and the d...

    View all posts Intellectual property strategy, product licensing, and entrepreneurship.