February 11, 2016
5 Essential Strategies from Shark Tank Every Entrepreneur Must Know
In between feeding-frenzies featured on this popular television show, smart entrepreneurs can find practical business strategies. You’ll find tactics to improve day-to-day operations and invigorate long-term business plans
Have you ever seen the television show Shark Tank? If you have, then you know it is both entertaining and educational. Watch the program and you’ll find strategies that will enhance your professional performance and help you make the move from employee to entrepreneur.
We’ve pulled out 5 essential strategies from Shark Tank that every aspiring entrepreneur should know. How do you measure up?
Know How To Tell A Story
The first thing people will notice is you—the person making the pitch. It’s your job to tell a great story about your product. You must be able to tell your story with passion, clarity, and a bit of humor. Rehearse your pitch until it’s flawless. Practice doesn’t just make perfect; it often closes the deal.
Believe In Yourself
Each time your reach out to a new customer, you have an opportunity to make a difference in their life. But you must have confidence in your abilities to sell your product or service. Believing in your product is just good business! If you believe in your product, the more likely it is that the customer will too.
Develop Pragmatic Passion
Be pragmatic and practical when you’re pitching your product or service. If you are not finding success with your pitch, then seek advice from a coworker or try another strategy.
Understand Your Industry
When a customer asks questions about your product or service, you must have the answers they need. You must have a full understanding of your industry, your competitors, and your product or service. Make it clear to the customer what sets your offering apart from someone else’s.
Your Opportunity Is Waiting
Customers seek someone with a solution. Why not you? The difference between closing a deal and losing a deal is simple: salespeople who close the deal see an opportunity and take a risk. Taking risks can be daunting, but that’s how you create new opportunities.
You need persistence when you’re trying out a new strategy. You may not see results right away, but don’t give up. These Shark Tank strategies will clear obstacles from your path—a path that leads to career growth and expertise. Learn these strategies and you’ll be able to swim through any shark tank with confidence.
Are you an entrepreneur who thinks like a shark? Share the strategies you depend upon to grow your business. Post your story on Twitter, follow us @Cydcor, and share this article with your friends and start a conversation with your community. #Cydcor #strategy #entrepreneur
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