Business Idea of the Day

Experts say there are real lessons for an entrepreneur to learn from the ABC reality show Shark Tank, in which entrepreneurs vie for venture capital, reports Entrepreneur.com.

“If you’re an entrepreneur who’s planning on going in front of investors, this is a show you should start watching,” says Melissa Krinzman, managing director of the business plan development firm Venture Architects. “There are lessons to be learned from each pitch.”

1. Nail your elevator pitch.

2. Know your numbers.

3. Know when to pitch.

4. Be realistic.

5. Listen.

6. Solve a problem.

7. Be prepared for a long haul.

Photo by ABC-TV.

From Business Opportunities Weblog.

Source: Real-Life Lessons From Shark Tank

Presented here with permission by the very gracious Dane Carlson from the Business Opportunities Weblog.