Nowadays, everyone aspires to become an entrepreneur in order to escape the monotony of 9 to 5 work. You might make money off your abilities and talents by using websites and apps that act as aggregators or marketplaces! Shark Tank India’s first season came to an end earlier in 2022, with 67 businesses gaining investment for their start-ups after impressing the judges. Only 198 of the approximately 62,000 contestants
that applied for the show in December 2021 were selected to appear on the Shark Tank India sets. However, the show’s energy and curiosity rapidly made it a fan favourite!
The Concept of Shark Tank
Shark Tank is an American hit reality television programme that has an Indian adaptation called Shark Tank India. The basic notion is that entrepreneurs present their ideas for companies or products to a group of possible investors, known as “Sharks.” The panellists are self-made
multimillionaires who evaluate the products and company models. The Sharks will determine whether or not to put their own money into marketing and guiding the competitors based on the proposed enterprise.
Learnings for Startup Owners To Include in Startup Pitch Deck
Lesson 1: Understand Your Industry
Know your industry inside and well. This is delivered in fragments. Use Shark Tank India as an example. The most important questions will be raised during your startup pitch deck presentation by someone investing their hard-earned money. How much is your company currently worth, and how much might it be worth in the future? Do you intend to scale it, and if so, how? Do you have additional financiers? Do you want to grow by adding newer products? Are you aiming to scale your B2B company to a D2C, B2C, or vice versa? and a lot of other inquiries. Assess your product’s potentiality and utility in the market to plan better.
Lesson 2: Networking is the key
The investors from Shark Tank are extremely valuable to their networks. When searching for investors, be aware of their networks and, more importantly, whether they are willing to use them to your advantage. Before you sign a contract, inquire about this. If it brings the correct network to the table, a contract with less favourable financial conditions can occasionally be preferable.
Lesson 3: Become Competitor Aware
Although your business or product may be excellent, are you the only one in your industry? The pitchers are frequently questioned by the sharks on the show if they are the only ones offering the service. If so, how simple would it be to end their current monopoly? If not, how do they intend to compete? Every company in every industry is affected by this.
Lesson 4: Recognise your numbers
This is a result of the initial lesson. You might receive regular updates on the financial performance of your company. What are the causes if the numbers aren’t increasing? What is the profit margin you are making? Which revenue stream, cost analysis, cash flow, and other factors do your startup employ?
Conclusion: Investors are aware of your lack of faith in your product or service, so grow your company with assurance! Take note of the advice given by the Shark Tank India panel of experienced entrepreneurs. These pearls of wisdom might have an impact on your development as an
entrepreneur so use them wisely while making your investor pitch deck.
