Wednesday, December 5, 2018

Maya Wallace- Shark Tank vs The Profit

In my opinion Marcus Lemonis is the better investor. Unlike the Sharks, he is not part of your business long term. He writes you a loan and gets your business up and running in a week. You get to learn from him on how to manage your business to be successful long term and by yourself. Marcus is more helpful in services though, and the Sharks are better for products. I would prefer to work with the sharks because they will always be in my corner for advice and as a mentor. Preferably Laurie Greiner because she can show my product on QVC and she works with similar products for similar demographics and psychographics. Marcus Lemonis funds by first writing a check, then once after your company is renewed, he will get paid back by some of the profits. Sharks on Shark Tank have you pitch your idea, then decide if they want to invest. They will pay a portion of what your company is worth, and that portion should be equivalent to how much stake they have in your company. They look to make their money back, and potentially more by profits from your business as well.
Image result for picture of sharks on shark tank

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