{"id":1584,"date":"2021-12-23T11:32:12","date_gmt":"2021-12-23T16:32:12","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/business\/?p=1584"},"modified":"2022-08-30T16:01:01","modified_gmt":"2022-08-30T20:01:01","slug":"7-valuable-reasons-to-watch-shark-tank-during-your-mba","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/business\/2021\/12\/23\/7-valuable-reasons-to-watch-shark-tank-during-your-mba\/","title":{"rendered":"7 Valuable Reasons to Watch Shark Tank During Your MBA"},"content":{"rendered":"

The TV show\u00a0Shark Tank\u00a0has been entertaining audiences for several years and\u00a0winning multiple Emmy Awards<\/a>\u00a0along the way. The show has entrepreneurs present their ideas to a panel of investors or \u201csharks.\u201d These sharks decide whether to invest in each entrepreneur\u2019s idea and provide feedback, such as ways to improve the product or business presentation. Is\u00a0watching\u00a0Shark Tank\u00a0worth it? As an MBA student,\u00a0Shark Tank\u00a0can\u00a0teach\u00a0you some valuable tips that you can use in your career. The following are some of the most important lessons to learn from this show.<\/p>\n

    \n
  1. \n

    Develop an Elevator Pitch<\/strong><\/h2>\n<\/li>\n<\/ol>\n

    Being able to do elevator pitches is a good skill to learn during your MBA program. Elevator pitches are short descriptions of an idea you have or a product you\u2019re trying to market. These pitches should be short and to the point while also being enticing. The person you present your pitch to should want to know more about your product or idea.<\/p>\n

    Shark Tank\u00a0focuses on contestants trying to persuade the sharks to invest in their products. However, you can easily use elevator pitches when you want to present an idea to your boss or make a great impression during a job interview. Pay close attention to the pitches the contestants give, as well as the feedback from the sharks, so you can work on perfecting your own elevator pitch.<\/p>\n

      \n
    1. \n

      Learn Valuable Preparation Skills<\/strong><\/h2>\n<\/li>\n<\/ol>\n

      Contestants on\u00a0Shark Tank\u00a0have a limited amount of time to present their product or company. This means they must make sure they\u2019re fully prepared before going in front of the sharks. With limited time, contestants present highlights of the best features of their product or company to convince the sharks that it\u2019s worth the investment. This requires careful planning and attention to detail.<\/p>\n

      Developing good preparation skills can help you throughout your career, such as when you\u2019re giving a presentation or getting ready for an interview. You can also use the preparation skills you learn from\u00a0Shark Tank\u00a0for school. These skills can help you prepare for upcoming tests or work on projects for your MBA degree.<\/p>\n

        \n
      1. \n

        Develop Marketing Skills<\/strong><\/h2>\n<\/li>\n<\/ol>\n

        Being successful on\u00a0Shark Tank\u00a0involves having solid marketing skills. Having a product or company that you think is a good idea isn\u2019t enough. Contestants must convince the sharks to invest in their product. Being able to market these products is an essential part of winning the sharks over and getting those investments.<\/p>\n

        Although you can expect to learn marketing skills as an MBA student,\u00a0watching\u00a0Shark Tank\u00a0can help you develop further. Watch how the contestants market their products and take note of how effective their marketing strategies are. You can use what you learn to work on improving your marketing skills during your MBA program and use them to land a job. You\u2019ll also have plenty of opportunities to put these marketing skills to use throughout your career.<\/p>\n

          \n
        1. \n

          Use Stories as a Warning<\/strong><\/h2>\n<\/li>\n<\/ol>\n

          Watching\u00a0Shark Tank\u00a0as an MBA student can provide you with some important lessons on what to do and what not<\/em><\/strong> to do with your business career. Take note of successful contestants who end up convincing the sharks to invest in their products. What approach did they use, and what kind of feedback did they get about their pitch, product, and presentation? You can use their success stories to learn what to do to succeed in the business world. However, you should also pay just as much attention to contestants who were unsuccessful.<\/p>\n

          Some contestants\u2019 pitches don\u2019t go over well, while others make mistakes during their presentation. Others have made bad business decisions, which gives you an opportunity to learn from their errors. Understanding what these contestants did wrong can help you learn what not to do if you want to succeed in business.<\/p>\n

            \n
          1. \n

            Learn from Actual Millionaires in the Business Field<\/strong><\/h2>\n<\/li>\n<\/ol>\n

            Shark Tank\u2019s panel of sharks includes actual millionaires in the business world. These business experts talk about how they became successful and give advice on how to thrive in the business world based on their own experience. Listening to their stories can help you learn more about what you need to do to succeed in your own career. While you watch the show, you can also apply some of this advice to your education.<\/p>\n

            These stories can help you learn how to handle setbacks or failures in your career as well. Although the millionaires on the show are successful, it took a lot of effort and continued motivation to get where they are now. Hearing how they overcame obstacles along the way can provide you with inspiration.<\/p>\n

              \n
            1. \n

              Learn If being an Entrepreneur Is Right for You<\/strong><\/h2>\n<\/li>\n<\/ol>\n

              Earning your MBA means you can choose from a wide range of career paths, such as entrepreneur, sales manager, business intelligence analyst, accountant, marketing manager, or even chief executive officer.\u00a0Shark Tank\u00a0can help you understand the pros and cons of entrepreneurship if you\u2019re considering that career path. You\u2019ll be able to see what it\u2019s like to pitch your idea to investors and how to go about preparing for these presentations.<\/p>\n

              While being an entrepreneur can be highly rewarding, it also comes with quite a few challenges. Knowing what to expect from this career path can help you decide if it\u2019s the right one. You might decide that you do want to take on these challenges after earning your MBA, or you might choose a different career path.<\/p>\n

                \n
              1. \n

                Gain Motivation<\/strong><\/h2>\n<\/li>\n<\/ol>\n

                Being an MBA student can seem overwhelming at times, so it\u2019s important to stay motivated throughout your degree program.\u00a0Shark Tank\u00a0can encourage you to keep up the hard work needed to graduate. The show features millionaires and aspiring millionaires whose stories can provide you with motivation to do your best. Hearing the sharks\u2019 stories and\u00a0watching\u00a0entrepreneurs succeed can be a strong source of inspiration.<\/p>\n

                Watching\u00a0the show can also help you avoid feeling discouraged if you experience any setbacks. Instead, you can use these setbacks as opportunities to improve your study habits or make other changes to do better in your schooling. Keep in mind that putting in the time and effort to earn your MBA can help you achieve the same level of success as the show\u2019s sharks or successful contestants.<\/p>\n

                If you\u2019re considering earning your MBA, we can help. Contact The University of Tennessee at Chattanooga\u00a0for more details on our MBA degree program<\/a>. Our Gary W. Rollins College of Business has flexible options with online and in-person classes, as well as a fully online option.<\/p>\n

                Sources<\/strong><\/p>\n

                https:\/\/www.moviefone.com\/2015\/03\/23\/10-reasons-to-watch-shark-tank\/<\/a><\/p>\n

                https:\/\/abc.com\/shows\/shark-tank\/about-the-show<\/a><\/p>\n

                https:\/\/www.businessbecause.com\/news\/mba-degree\/7647\/shark-tank-entrepreneurs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

                The TV show\u00a0Shark Tank\u00a0has been entertaining audiences for several years and\u00a0winning multiple Emmy Awards\u00a0along the way. The show has entrepreneurs present their ideas to a panel of investors or \u201csharks.\u201d These sharks decide whether to invest in each entrepreneur\u2019s idea and provide feedback, such as ways to improve the product or business presentation. Is\u00a0watching\u00a0Shark Tank\u00a0worth… <\/p>\n

                Continue Reading <\/span><\/a><\/span><\/p>\n","protected":false},"author":1819,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[73105],"tags":[],"class_list":{"0":"post-1584","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-master-of-business-administration","7":"entry"},"yoast_head":"\n7 Valuable Reasons to Watch Shark Tank During Your MBA - Gary W. 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