The Sharks will immediately ask for sales-to-date, profit margins, cost of goods sold, and customer acquisition costs.
Demonstrate that you have customers or that you are surrounding yourself with the right team and mentors. Shark Tank
Create a 3-minute video that tells your story. The Sharks will immediately ask for sales-to-date, profit
Anticipate questions about your financials and potential, as negotiations can last 90–120 minutes. 4. Top 10 Tips for Success Based on successful pitch analyses: Credible: Have solid sales numbers. Agreeable: Be pleasant to work with. Interactive: Let Sharks try the product. Captivating: Tell a compelling story. Relevant: Solve a real problem. Entertaining: Be enthusiastic and engaging. Confident: Believe in your business. Powerful: Know your market inside out. Funny: Use humor if appropriate. Inspirational: Show passion for your mission. Key Takeaways Anticipate questions about your financials and potential, as
Before reaching out, your business must be prepared for intensive scrutiny.