Since its launch, Shark Tank India, one of the most-watched television shows became a popular show on Sony Television. The whole concept of the show was to promote young entrepreneurs and help them get funding from the sharks. The show was one of the favourites among people of different genres.
Airted between 9 PM – 10 PM on Indian Television, the show format involved new entrepreneurs presenting their business ideas to already established start-ups who then decide to invest in the idea or not. The investment was made against a certain percentage of the equity. It was also made in the form of a loan.
Table of Contents
Learnings from Shark Tank India
Here are some of the most important lessons that we got to learn from Shark Tank India.
Accept the truthIf you have noticed, you can easily understand why Namita Thapar, Executive Director of Emcure Pharmaceuticals, expressed her inability to understand the business concept or lack of domain expertise. Whether it was knowingly or unknowingly, she agreed that she is not an expert in every field.
You don’t have to be a pro in every business, industry, or even many. You only have to be able to assess companies within your domain of expertise. The size of that domain is not very significant; understanding its limitations, however, is important.
Don’t copy others
In most cases, entrepreneurs try to copy someone else’s success path. This is the biggest mistake they do. In Shark Tank India, you may have come across a number of pitchers who failed to impress because they copied an already chosen idea. So, we get to learn that the secret to success lies in being original.
Even in the case of stock investment, first thing you need to open the best demat account in India. You should have your own growth path. In other words, it also means that you just don’t pick stocks if Rakesh Jhunjhunwala has chosen them. They have their own strategy and you should have your own.
Management has a role to play
Shark Tank India participants were cross-examined not just about their offering and the revenue model but also about their encouragement, self-assurance, and capability to scale up the venture. The untapped entrepreneurial power of several participants enthralled the sharks. According to Aman Gupta, CMO at boat Lifestyle, “I always bet on two things. One is the entrepreneur and the other, the business. I do not have much idea about the business in this case. But I have faith that you will achieve something,” which he said to Krishnan Sunderarajan who came up with an idea Loka.
Similarly, in the field of stock investments, you need to keep a close watch on what a company’s management is up to. A successful company must have talented and competent management.
Measure the risk
You must have noticed in Shark Tank India that before investing in an idea or entrepreneur, sharks thoroughly understood the concept. This is one of the key points in stock investment too.
Before you choose to invest in a stock, do thorough research about the same and then make the investment.
As equity refers to shares, investing in equity refers to buying a portion is a company. Investing in equity involves some kind of risk that must be assessed before the investment is made. To safeguard the capital given the respective risk level, sharks ask for a portion of the stake in the business in return. If they noticed a higher risk against the invested capital, they revised the offer and asked for more stake.
Risk levels are different for every person
In the show, you may have noticed that not all sharks were unified to one equity level. Sometimes, a shark took back the offer when he was not given the expected equity as the investment capital was too risky against the equity that was on offer. However, for another shark, the same equity was acceptable.
Don’t just put your feet in others’ shows as it may not be feasible for you in the long run. As everyone has their own condition, the investment strategy should also be different for everyone. This is one of the most important lessons we got to learn from Shark Tank India. This strategy is usually suggested in stock market trading also by the best trading app in India.
Think long term
One of the important lessons to learn from Shark Tank India is to arrange enough capital to ensure your capital for future related to retail investors. This is because the planning and the associated assets may differ from person to person. You might have seen in the show that sharks were primarily interested in how the entrepreneurs wanted to take this idea long-term. The same rule applies to stock investment. One should have a clear idea about the long-term investment strategy.
Search for businesses with scalability
During the show, sharks questioned budding businesspersons to explain how scalable their business models are. “I think what you are doing is a lifestyle business and not an investable and scalable business. I want to be out of this.” Ashneer Grover said to Delhi-based entrepreneur Riya Khattar who has a clothing venture – Heart Up My Sleeves. One of the typical reasons for declining a pitch on the show has been the investing ability aspect for sharks searching for multi-bagger outcomes.
Must Read: Find an impeccable quality paper with Assignment help