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I think I found the secret to building a teachable team.
I think I found the secret to building a teachable team.
Do you have an ingenious design that solves a common problem? Then Lori Greiner wants you to make a million dollars. She’s “The Queen of QVC.” On the hit ABC series, Shark Tank, she’s “The Warm-Blooded Shark®,” “The Shark with a Heart.” But having a kind heart doesn’t make Lori an easy mark for just anyone who is pitching a product and willing to sell a piece of their company.
Be a Hero, Not a Zero
Lori is like an approachable customer for any salesperson: you can share ideas and have a decent conversation with her. But that does not mean you will make a sale.
On Shark Tank, the mandatory hook for catching a shark is often preparation. But with Lori Greiner, it is the key.
Lori has said that "I can tell instantly if a product is a hero or a zero." You'd better have a confident delivery and know what value you bring to the table. You need to have a product or service that many people want and that solves a common problem. Lori invests in simple solutions to those problems.
The popular show, Shark Tank, provides a great platform for hopeful entrepreneurs to present their ideas to a panel of industry titans. The budding entrepreneurs are there to convince the sharks to invest in their product idea. Contestants are presenting to a receptive group of individuals but without insights and skill, it is unlikely that they will hold the sharks’ interest long enough to successfully convince them to make an investment.
If you find yourself in front of the panel on Shark Tank hoping for Daymond John to invest in your company, being prepared and understanding his background and what he believes might serve you well. Knowing that he is the founder of the FUBU fashion empire is not enough, however. Understanding who he is and what makes him tick - is what will bridge the gap between being a presenter and becoming a partner when selling Daymond on an investment.
