Sage advice from the business titans of “Shark Tank”

first_img 20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Wendy Moody Wendy Moody is a Senior Editor with CUInsight.com. Wendy works with the editorial team to help edit the content including current news, press releases, jobs and events. She keeps … Web: www.cuinsight.com Details “Shark Tank”, the Emmy award-winning reality television series, returns this weekend with its ninth season. For those not familiar with the hit show, it showcases aspiring entrepreneurial contestants who pitch their business ideas to millionaire (or billionaire in some cases) “shark” investors. Many of us that watch the program may not dream of starting million-dollar business ventures, but we can gain much from the business advice shared by its enormously successful “shark” panel.Great ideas capture attention, but expertise is everythingContestants approach the panel with their initial business pitch, hoping to make a great first impression. Those that stand out immediately grab their audience’s attention and leave them wanting more. While this is an extraordinary first step in standing out from the crowd, smart businesspeople understand that the idea is not enough. In order to prove they are worth investing in, they must demonstrate their knowledge in what exactly it will take to see their venture to fruition.Egos are second to customer satisfactionProfessional businesspeople who have seen success have obviously showcased the moxie and strength needed for getting ahead. But, many also possess too-high opinions of themselves and their endeavors. When an arrogant contestant approaches the “sharks,” it is often instantly apparent that their ego is an issue and the customer comes second. While it’s important they be confident in themselves and their work, demonstrating a real interest in and true understanding of their target market is essential to establishing loyalty and trust.A plan for business growth is invaluableHaving a great idea and earning the interest of potential investors is noteworthy, but to actually sustain their support and the resources needed it’s essential to have a strong business plan in place. To really get others behind their work, professionals must constantly be looking to the next level. Even if the “sharks” are initially fascinated by a potential business idea, if they are not provided with a solid framework for every aspect of the company’s business model (often including, manufacturing, distribution, and pricing), their interest diminishes almost immediately. This is a lesson to professionals to keep looking ahead and to always map out exactly what it will take to meet their objectives.last_img read more

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Arizona Cardinals on exec’s arrest on suspicion of DUI: ‘Inexcusable’

first_img Cardinals release defensive end Darius Philon after arrest for aggravated assault “Ron Minegar’s actions last night are inexcusable. He made the decision to drive after drinking alcohol and is fortunate that he was pulled over before injuring anyone or himself. According to MADD, drunk driving results in almost 11,000 deaths per year and is the number one cause of fatalities on roadways. We fully recognize the seriousness of these actions and they will have serious consequences.”Minegar, who has been with the team since 2000, is the second member of the Cardinals front office to be arrested on DUI charges in a little more than a year.In 2018, general manager Steve Keim was arrested over the Fourth of July weekend and later pleaded guilty to extreme DUI. He was suspended five weeks by team president Michael Bidwill and also fined $200,000.Minegar also is the fourth person associated with the team to be involved in brushes with the law within the past two months, according to the Republic. NFL preseason 2019: Kyler Murray nearly perfect in Cardinals debut He subsequently was arrested on suspicion of DUI, according to police. He was cited and released, but the investigation is ongoing.The Cardinals released a statement Sunday regarding Minegar’s arrest: Related News Jon Gruden: Raiders supporting Antonio Brown in ‘personal matter’ of helmet grievancecenter_img The Arizona Cardinals are calling executive VP and COO Ron Minegar’s arrest on suspicion of DUI “inexcusable,” adding he “is fortunate that he was pulled over before injuring anyone or himself.”Minegar, 60, was stopped at around 11:30 p.m. local time Saturday in Chandler, Arizona, for speeding, failure to drive within one lane of traffic and driving within the bicycle lane, police said (via the Arizona Republic). — Starting defensive end Darius Philon was arrested Friday on charges of aggravated assault with a deadly weapon stemming from a May incident at a Phoenix strip club. He was released by the team on Saturday. — Last month, defensive tackle and former first-round pick Robert Nkemdiche was arrested twice within a week for speeding and driving on a suspended license. He was released after reporting to training camp out of shape.— In June, offensive tackle Desmond Harrison turned himself in to North Carolina authorities after an arrest warrant was issued on domestic violence assault charges. He subsequently was released. Antonio Brown threatens to hold NFL liable if he’s injured wearing new helmet, report sayslast_img read more

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