We can actively deny it, but the truth is that we like reality shows. We really do. Especially, when these shows are entertaining and educational at the same time. A telling example of such a show is ‘Shark Tank’, which is so popular among experienced businessmen, young entrepreneurs, and even housewives. The entertaining part of the show is obvious and out of doubt. Let’s face it: not any show can manage to win Emmy Award twice. As for the educational part, questions might arise. However, if this show has taught us anything, it is that not all entrepreneurs are equal. Mark Cuban stated that there are three categories of entrepreneurs we can see on ‘Shark Tank’. Wonder what categories are there?
Type one: honest entrepreneurs
While in a perfect parallel reality all entrepreneurs deserve to be called honest, here and now only a small part of entrepreneurs belong to this category. So, what makes a regular entrepreneur an honest one? First and foremost, it is an implicit belief in a project or idea this entrepreneur is working on. As we can observe while watching ‘Shark Tank’, honest entrepreneurs tend to sound passionate when they talk about their start-up, and they seem to be very frank and emotional. Any fan of ‘Shark Tank’ would agree that entrepreneurs of this category are not only persuasive but also successful due to their enthusiasm and motivation, which they are not afraid to demonstrate.
Type two: arrogant entrepreneurs
Although the name of the category is self-explanatory, still this type of entrepreneurs deserves being discussed and explained in details. There are three words that can describe arrogant entrepreneurs: they are self-confident, tricky, and snobbish. For some reason, arrogant entrepreneurs consider themselves the smartest and coolest people of the show. Of the entire history of all existing shows, to be more specific. While sometimes they haughtiness might be justified, in the majority of cases it is not. However, arrogant entrepreneurs tend to be the best and most interesting pitchers. Obviously, they are familiar with the best practices of negotiation, and this knowledge helps them stand out among the competitors. We do not know for sure if the participants of ‘Shark Tank’ are prepared to pitch and negotiate professionally as Andrew Medal believes, but is is safe to say that some pitches can make great case studies.
Type three: scam artists
Watching such entrepreneurs taking part in ‘Shark Tank’ can be annoying but interesting at the same time. So-called scam artists make their way to the show with one single purpose to get money. Just like the previous category of the entrepreneurs, scam artists tend to act snobbish. However, contrary to the arrogant entrepreneurs, scam artists never have a valuable and original idea to offer. Rather often projects of scam artists are designed specifically for participation in ‘Shark Tank’, and it is hardly possible not to notice how material and mercenary those people are.
Needless to say that all entrepreneurs are unique and not everyone in business is going to comply with this classification. However, as long as ‘Shark Tank’ remains the most popular show of its kind, no one knows the world of entrepreneurship better than people working on this show. With this in mind, there are grounds to assume that today’s world of business contains at least three types of entrepreneurs, and now you can consider yourself an expert in this question.The 3 Types of Entrepreneurs You See on Shark Tank by Megan Ritter