Wednesday, December 5, 2018

Addy Galich - Shark Tank vs. The Profit

I personally do not think there is one definitive answer to the question “Which investor is better” when comparing Marcus Lemoins vs. The Sharks on Shark Tank. Instead I think both have their strengths and weaknesses in different categories. In my opinion, The Sharks are better for new businesses that need investors to help fund the start up of their business to make it a reality. The sharks are also good with behind the scenes aspects such as investments and connections, so if you are a newer company looking to expand and just need financial support or run an online business, the Sharks are what you need. Marcus Lemoins is good for fixing businesses that are in decline and have been in business for a while. He not only gives financial support but will show up at the door of your business and help you fix all aspects of your company. This is why Marcus is good for store-front businesses and mature businesses in decline. For my business, I would use the Sharks because it is new, doesn’t need a lot of fixing, and just needs the connections to get bigger. The sharks also offer more creative freedom in a way, by giving you the money and connections for a part of your company. All I am looking to do right now is expanding, so I would get help from a Shark and preferably Daymond John because he has been in the fashion business and can use his experience to help me and my company. He also started a clothing company from his basement which is similar to what we did and what we are doing. Marcus Lemoins is different from The Sharks when it comes to money as well, because he’s there to help you manage the money he invests and help you along the way. You get to see physical changes immediately with Marcus unlike The Sharks.

No comments:

Post a Comment