Wednesday, December 5, 2018

Jack Suvari - Shark Tank vs. The Profit



  I believe that the format that Shark Tank uses for finding and helping potential businesses is more beneficial to the entrepreneur than The Profit. The shark tank uses a wide variety of sharks to give entrepreneur's the opportunity they need to grow and expand their business. That being said, you have to take into account the types of people  that come onto each show respectively. With the Shark Tank it is typically businesses that are "less established" that will come on and look for help. Whereas The Profit emphasizes more on businesses that have a stable footing in what they are doing and need help getting back onto their feet. 

I believe that the best investor is Mark Cuban, I really like his style of investing as well as the way he approaches business. Although he is my favorite I do not believe he would be the best investor for my business. I believe that Robert Herjavec would help out our product the best. His background in the technology sector would be very beneficial to our business.

The biggest difference between the investors on Shark Tank and Marcus Lemonis would have to be how they inevitably help these businesses grow. The sharks use their money and expertise in their fields as "crutches" to the businesses so that they can grow, leaving it up to the entrepreneurs to figure it out. Marcus Lemonis takes a different approach, he, like the sharks, also uses his capital to help support the businesses but he also "gets down to business" and actually helps out in day to day operations so that the businesses that he invests in become profitable. 



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