Here’s what we'll cover:

Questions

What’s your name?

Where are you from?

What do you do for a living?

What’s your product?

How much money do you need from investors?

What percent of your company are you willing to give up?

How will you use that money?

Describe your product.

Is it patented?

How does it work?  Can you demonstrate?

What’s the market for your product?

How did you come up with the idea?

Why is your idea the next best thing?

How much have you invested in your product?

What would happen if you couldn’t get your business off the ground?

When did you start inventing or become an inspiring entrepreneur?

What influenced your decision to become an entrepreneur as an adult?

What does your product mean to you?

What’s your ultimate goal for your product?

What’s been your biggest challenge?

What do your family and friends think of your product?

Is there anything else about your product that you’d like to share?

If you are going to license your product, are you asking for a percentage of sales guarantee upfront?

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The Profit

  • People, process, product

Further Reading

  • http://gimmecharge.blogspot.com/
  • http://www.forbes.com/sites/danschawbel/2012/06/11/shark-tank-roundtable-their-top-3-pieces-of-advice/
  • http://www.shopify.com/blog/7789467-how-to-get-a-deal-on-abcs-shark-tank
  • http://www.bradaronson.com/shark-tank/
  • http://abc.go.com/shows/shark-tank/news/updates/10-business-tips-from-barbara-corcoran
  • http://liftdevelopment.com/2012/05/fifteen-valuable-questions-from-the-tv-show-shark-tank/
  • http://www.smallbizdaily.com/16204/6-shark-tank-questions-get-stumped/
  • http://abc.go.com/shows/shark-tank/episode-guide/season-06/601-season-6-premiere-sleeping-baby-hammer-nails-amber-and-bombas