Shark Tank India has become one of the most famous shows on Indian television. Giving a boost to the start-up ecosystem, Shark Tank India provides a spectacular platform for India’s budding aspirants to transform their entrepreneurial dreams into reality.
The supremely talented sharks of the very first edition of Shark Tank India are – Ashneer Grover (Founder and Managing Director of BharatPe), Vineeta Singh (CEO & Co-founder of SUGAR Cosmetics), Peyush Bansal (Founder & CEO of Lenskart), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Anupam Mittal (Founder and CEO of Shaadi.com – People Group), Ghazal Alagh (Co-founder and Chief Mama of Mamaearth) and Aman Gupta (Co-Founder and Chief Marketing Officer at boAt).
Here are some of the most important lessons that we have learned from Shark Tank India:
Understand Your Business
Before starting any business, it is very important to understand its potentials. consider all the internal and external factors that can affect your business in the long run.
know your company’s worth
A good entrepreneur should always be aware of the company is making a profit or not and how much is the cash burn in the company. This will help in decision-making and taking the right steps to ensure that you are on the right path.
keep an eye on your competitors
Always keep an eye on your competitors and stay a step ahead of them. There is always competition in the market which if not taken seriously might cause severe damage.
Be A Risk Taker
Aa good entrepreneur always takes calculated risks. to succeed in the long run, you need to take some risky decisions rather than play safe. It could either be related to investment or expansion, or any other topics.
The show has been even more helpful for all new and young entrepreneurs who are planning to launch a start-up.
Are there any thoughts you’d like to share? we will love to hear it.