10 Valuable Lessons From Shark Tank India Every Entrepreneur Must Learn

It is said that ‘Mistakes are the great teachers’ but the one who learns from others’ mistakes is truly a genius one. Copy of American TV Show, Shark Tank India, is the best platform to apply this formula and get some solid lessons for your next business adventure. The show can be a game-changer if you pay close attention.

And if you haven’t watched it yet for learning purpose, no need to watch the recaps. Read the post to get all those worthy tips at once especially if you are going to make a deal.

Get The Much-Needed Gyan From India’s Top Business Show- Shark Tank India

1. Turn Problems Into Solutions

The business industry is not only about money, it’s about providing touching every common man’s life. Whether you are selling a product or service, it should be focused on the public’s problem. And when you offer them solution, your business flourishes naturally.

2. Keep It Short And Crisp

Nobody likes minimum, everybody believes in more but on Shark Tank India, you get only more when you pass the test of minimum. Only a short time period is given to contestants to present their business idea and impress the judges, if they succeed, judges may give seal the deal.

This comes only when you have business clarity and good presentation skills. Both are very important not only on this show but in the real-life show as well.

Also Read: 7 Hidden Business Lessons From The Spanish Web Series Money Heist( Le Casa De Papel)

3. Be A Good Negotiator

You might have seen many contestants losing a good offer despite having a brilliant business idea. Why? Their negotiation skills made them lose. So, if you are into a business you must be good at this one skill.

4. Don’t Lose The Cool

It won’t be wrong to say that emotions are directly proportional to reality shows’ TRP. But Shark Tank India is a bit different; it taught us that emotions do not pay you well always. You must keep it under control if you really want to make things work in business.

Some might call it professionalism, but this is what it is. One must know when to play safely and when to seal the deal.

5. Come Prepared

Shark Tank Judges are not newbies in the industry they have been there for quite some time and made big names. Presenting in front of them itself is a big thing but one must come prepared. This is an important life and business lesson for all entrepreneurs.

If you are not well aware of the facts, figures, potential of your business, and other terms, you are not heading anywhere. A successful businessman does his homework well before entering the market.

6. Learn To Listen

Feedbacks are a great way to improve your business but these are valuable only when you focus on listening. Very few have this ability who keep their ego aside and are all ears to their customers’ feedbacks.

Even if the response is negative, one must have the courage and patience to listen carefully and then plan accordingly. This not only implies while taking customers’ feedback but is also useful during investing.

Take note of the different opinions of investors and then decide whether to invest or step back.

7. Know Your Market

Beginners should not blindly follow the market trends, they must explore niche of their interest and then prepare a strategy. Sometimes industry of your interest may not pay well to the customers, so keep the customers’ interest in mind too.

Also Read: 5 Best Government Schemes For Small Businesses

8. Ready For The Change

With time, the market trends change. If you do not bring a change in your investing patterns, selling, and marketing techniques, then you may lose a few good opportunities. So, be open to the changes.

Also Read: Top 7 Small Business Ideas To Start From Scratch

9. Focus On Quality And Not Just Innovation

One of the important business lessons from Shark Tank India to learn is this one. Your idea may be out of the world but it must sustain longer in the market. When you deliver a quality product or service, then it automatically develops trust and sustainability.

10. Have A Good Team

Shark Tank judges not just focus on the contestants and their business ideas but also ask about their team. They ask questions that help them understand their management, execution strategies, and what skill sets they have.

It also ensures that investors can trust a company because a solo team cannot do things alone. So, invest in a good team, know your market, and keep the above Shark Tank India’s lessons in mind for improving in the industry