Tuesday, December 4, 2018

Shark Tank vs. The Profit Izabel Stewart


In my opinion, Marcus Lemonis is a better investor than the ones on Shark Tank. It seems like Lemonis is completed invested in reforming a failing business rather than just throwing money at it in exchange for a % ownership. He is very hands-on and takes the reigns of the business to make it much more profitable
For FentyMe (my product) I would prefer to work with one of the Shark Tank investors. They specialize in growing a new product/service, which is exactly what FentyMe needs. Since my business is in the introductory stage and not the decline stage of the product life cycle, I need the right type of investor.
One major difference between Marcus Lemonis and Shark Tank is that Lemonis completely flips a business upside down and builds it back from scratch. The sharks on the other hand will throw money at a growing business that they know will be successful.

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