Shark Tank Lessons for Entrepreneurs

Shark Tank LessonsShark Tank, the popular CNBC television show where entrepreneurs pitch their business ideas to investor “sharks” will be visiting the University of Miami for an open casting call Today.

One of the reasons why Shark Tank has become so popular is because the audience can see the “American Dream” come to life when a Shark Tank entrepreneur is offered capital to start or grow their business.

There are several criticisms constantly repeated on Shark Tank that every entrepreneur should consider. These include:

  1. Is the business or product proprietary? How so?
  2. What differentiates this business or product from the competitors?
  3. What are your sales?
  4. What is your marketing plan for the future?
  5. What is your plan to grow your business in the short term? What is your plan to grow your business in the long term?

Whether you are seeking an investor to accompany you on your business venture or you are starting your Florida business without an investor, it is important to consider these questions.

Boyer Law Firm can help you with these items in several ways including the proper setup for your business, the option to have business planning sessions with the attorney to grow your business, the option to have a business plan drafted for your business, which will give you a general idea of where you want your business to go and how you want the business to grow, and much more.

Another subject often brought up on “Shark Tank” is the question of intellectual property, which includes trademarks, copyrights, and patents. Intellectual property can be considered an important asset of the business and add to the overall value that an investor will consider when buying into a business.

If you are considering setting up a company or you have an invention that you would like to turn into a business, contact Boyer Law Firm today to see how we can assist you.

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