By: Matt Turner
Writer and Entrepreneur
While Shark Tank is certainly entertaining and fun to watch, the show can really be quite educational if you take the Sharks' words of wisdom to heart. Each of the Shark's feedback to every pitch is full of valuable lessons and inspiring insights. Unfortunately, some of these lessons are quickly forgotten as a result of the excitement Shark Tank fans have for the entrepreneurs and the deals they make in the Tank. Well not anymore! Blog Shark Tank is proud to announce a new weekly segment which will highlight the key takeaways from each week's episode, so that you can implement them into your business and apply them to your daily lives!
Here are the Top Five Key Takeaways from this week's episode (Season 5 Episode 14):
1. Two Questions
To the founders of Locker Bones, Robert had two specific questions he wanted answered to determine his interest in investing:
1. Why is your company worth $________?
2. What does my money get me?
Being able to put yourself in the mindset of the investor is the key to understanding where your company stands today. Even if you are not looking for an investor, periodically asking yourself these questions will help you gauge your progress.
