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Business & Marketing
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Shark Tank Assignment entrepreneurs Requirements

Essay Instructions:

Shark Tank Assignment Requirements

1.  Watch any episode of Shark Tank (http://abc(dot)go(dot)com/shows/shark-tank)

2.    Your responses should be single spaced, include the questions below and not to exceed one page. 

Questions that must be answered:

1.  What product/service is being introduced?

2.  What were 3 strengths of the presenters?

3.  What were 3 weaknesses of the presenters?

4.  Were they able to obtain buy-in from the SHARKS?  If so, how much?  If not, why not?

5. Offer 3 recommendations to the presenters? 

Essay Sample Content Preview:

Shark Tank Assignment
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Shark Tank was debuted in 2009. It is where entrepreneurs are given a chance to pitch their business to a panel of investors who are celebrities. The panel agrees on the great pitch fundamentals though it has different methods of determining the company that is worth their investment. During the pitches, the entrepreneurs are required to answer any of the questions that will come about. Apart from just selling the products or services, they are required to sell themselves equally. Most pitches so far witnessed in the episodes have been exciting, concise and intriguing. They have made the investors afraid that they might be missing out on a great business deal. The best pitch guarantees success and below is a pitch of episode 6.
The BeatBox Beverages consisted of Justin Fenchel, Brad Schultz, and Aimy Steadman as the co-founders. They came to Shark Tank with the aim of getting $250,000. This was going to cost 10% of their company. The company was based on fruit wine which was boxed and neon-colored.
One of the strengths of the BeatBox Beverages was that it had the ability to get to the limited market. The presenters assured the investors that they would be reliable. They were planning to scale BeatBox Beverages on a higher level. They were planning to go countrywide. They said that they have been self-distributing in Dallas using a packer that was larger. In fourteen months, they had made sales of $235,000. They had started BeatBox with only $55,000 and $100,000. The latter had been borrowed from fa...
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