Episode
773 Take Your Business to a New Level with the Shark Tank Masters
32:11
Published: Wed Mar 20 2019
Description
PRESSURE ALLOWS YOU TO MAKE THINGS HAPPEN. What makes one business succeed and another fail? The most important element is the entrepreneur. If you watch the show Shark Tank, you know that people get investments from sharks just by being a passionate salesperson. It’s about going all in. So how can we ensure that what we put our time and money into will be unstoppable? We have to learn from the people who are at the top of their game. On today’s episode of The School of Greatness, I’ve combined great advice from past conversations with five Shark Tank masters: Barbara Corcoran, Matt Higgins, Daymond John, Sara Blakely, and Kevin Harrington. Shark Tank is a critically acclaimed and Emmy Award-winning reality show on ABC. Now on its 10th season, Shark Tank continues to inspire a nation to dream bigger and has offered more than $100 million in deals to entrepreneurs. These investors come from some of the top companies in the world. They started from nothing and made their dreams come true. So get ready to learn how to get your business off the ground and make it a force to be reckoned with on Episode 773. In This Episode You Will Learn: The hardest part of getting Spanx off the ground (8:00) How Kevin Harrington's business model has evolved since Shark Tank (15:00) The big things people taught Daymond John about mastering his skills (25:00) What to do when you go all in but fail (29:00) What to do with the profit you make in your business (30:59)
Chapters
American billionaire businesswoman Sarah Blakely, founder of Spanx, and Matt Higgins, co-founder and CEO of RSE Ventures, discuss their experiences in entrepreneurship and offer insights into the world of digital marketing.
00:00 - 04:13 (04:13)
Summary
American billionaire businesswoman Sarah Blakely, founder of Spanx, and Matt Higgins, co-founder and CEO of RSE Ventures, discuss their experiences in entrepreneurship and offer insights into the world of digital marketing.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
The speaker shares her experiences of trying to patent her idea and the importance of patents for entrepreneurship.
04:13 - 07:10 (02:57)
Summary
The speaker shares her experiences of trying to patent her idea and the importance of patents for entrepreneurship.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
The speaker shares his experience of coming up with a product name with the K sound in it, and how he approached a patent lawyer to get it registered.
07:10 - 09:52 (02:42)
Summary
The speaker shares his experience of coming up with a product name with the K sound in it, and how he approached a patent lawyer to get it registered.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
Sarah needed to develop a prototype, but faced difficulty facing the manufacturers who were not willing to slow down their machines.
09:52 - 12:28 (02:35)
Summary
Sarah needed to develop a prototype, but faced difficulty facing the manufacturers who were not willing to slow down their machines. Her patent lawyer also required information about the garment in order to complete the patent application.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
The speaker shares how his investment model has shifted over the years to focus on strategic advisory positions, board positions, and public and startup companies.
12:28 - 16:05 (03:37)
Summary
The speaker shares how his investment model has shifted over the years to focus on strategic advisory positions, board positions, and public and startup companies. He highlights how he cannot fund every deal that needs money and prefers strategic deals where they can open up communication and raise money together.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
The speaker talks about his experience as a reseller on Amazon and how he transitioned to social media channels to get a few sales and eventually generate tens of millions in revenue.
16:05 - 18:40 (02:35)
Summary
The speaker talks about his experience as a reseller on Amazon and how he transitioned to social media channels to get a few sales and eventually generate tens of millions in revenue.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
Damon John shares some insights about mastering the grind at different ages and how he made a mental shift to prioritize his family.
18:40 - 22:04 (03:23)
Summary
Damon John shares some insights about mastering the grind at different ages and how he made a mental shift to prioritize his family. He also talks about his new book where he studied the success of people from different walks of life.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
The fear of being wrong often leads people to hedge all day long and play small.
22:05 - 25:00 (02:55)
Summary
The fear of being wrong often leads people to hedge all day long and play small. However, this way of thinking leads to missed opportunities and limits growth.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
The speaker shares his experience of investing money in advance and suggests entrepreneurs to invest as well, while also advising them on the best place to put their money.
25:00 - 29:16 (04:16)
Summary
The speaker shares his experience of investing money in advance and suggests entrepreneurs to invest as well, while also advising them on the best place to put their money.
Episode773 Take Your Business to a New Level with the Shark Tank Masters
PodcastThe School of Greatness
Lewis Howes shares insights on the challenges of building a brand, business, and financial freedom, emphasizing that there is no easy path to success.
29:16 - 31:44 (02:28)
Summary
Lewis Howes shares insights on the challenges of building a brand, business, and financial freedom, emphasizing that there is no easy path to success.