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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Man attempts to return a cell phone with paraphernalia in box

first_imgNorth Vernon, IN—Friday evening Jennings County Sherriff Deputies responded to a local business after employees located a glass smoking device commonly used to smoke Methamphetamine. The pipe was inside of a box for a cell phone that a male subject was attempting to return to the store. Deputies made contact with the male subject, Marvin Cumberworth, 50, of North Vernon. Cumberworth admitted to the deputies that he did have Meth on his person. The Methamphetamine was located and Cumberworth was arrested and transported to the Jennings County Jail.Upon arrival at the jail, a larger amount of Methamphetamine was located on Cumberworth’s person. Further investigation led to his home in Campbell Township.Deputies located approximately 8 grams of Methamphetamine and 180 grams of Marijuana in the residence. Deputies also made contact with James Earl, 40, of North Vernon, who was also in the residence and located Methamphetamine on his person. James Earl was also taken into custody. Mr. Cumberworth advised Deputies that he sells Methamphetamine and Marijuana to supplement his income.Marvin Cumberworth was charged with allegations of Dealing Methamphetamine, Possession of Marijuana, and Maintaining a Common Nuisance.  James Earl was charged with allegations of Possession of Methamphetamine, Possession of Paraphernalia, and Visiting a Common Nuisance.last_img read more

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