Businesses That Survive, vs. Those That Don't

Plaid Pants2 · ‎03-14-2015

I love watching "Shark Tank", and I am always amused at the businesses that don't get deals.

The entrepreneurs always seem to say, "The sharks missed out! We are going to be the next biggest thing that the world has ever seen!"

I have to wonder how many of those businesses succeeded on their own, and how many folded, and went out, and failed?

Mominohio · ‎08-08-2010

A follow up show on those that don't get deals would be interesting.

Whether they do or not (survive and thrive after not getting a deal), the only way to approach starting a business is to believe that you will succeed. Anything else is self defeating from the get go.

Plaid Pants2 · ‎03-14-2015

All of the self confidence in the world doesn't mean that a business will succeed.

Just look at all the businesses that fail on a yearly basis.

You can't tell me that they all failed because they didn't have enough confidence in themselves and their business.

Sometimes a bad idea is just that, a bad idea, and all of the self confidence in the world isn't going to save the business.

Annabellethecat66 · ‎03-12-2010

I read that some of these people just want to be shown on air. Some of them have no intention of taking a deal.

Think of the free publicity! That's why none of them really lose.

Plaid Pants2 · ‎03-14-2015

@Annabellethecat66 wrote:
I read that some of these people just want to be shown on air. Some of them have no intention of taking a deal.

Think of the free publicity! That's why none of them really lose.

True, but there has to be some that just don't make it. I just wonder what percentage of businesses that go on the show end up going belly up.

You can't tell me that 100% of businesses that go on the show, that they all succeed.

There must be some that just don't make it.

Annabellethecat66 · ‎03-12-2010

I can only tell you from my and my family's experiences. My late husband started a computer business with a partner. It grew to employ well over 200 people. He got bored with it and sold it back to his partner.

Then he became an investor. He started many businesses and would bring in one or two partners each. He kept them all going. He always treated everyone with respect. A good boss employs people who know what they are doing. If you want respect from your employees you have to be willing to work right alongside of them. Many nights my husband would be working all night with his people coding and things like that.

Both of my son-in-laws have their own businesses. One son-in-law owns many of a particular chain. He's done really well, but he works very hard.

My other son-in-law owns a security computer business. He employs a few people when he needs them. I never thought he'd go off on his own as he had an amazing job with the government.

My daughters were always taught if you want to be successful in your life it is better to work for yourself making money for yourself than making money for someone else.

It takes a lot of belief in yourself and tons of hard work. It also takes a wife or partner there to support you emotionally and every way. Some people can do it and some can't. You have no idea on some of the things my husband did when he invested in something and the people didn't pay him. We at one time owned an entire apartment building in DC. Only because he'd loaned a guy money and couldn't pay it back. (Poor management on his part). My husband went in with his workers and put on a new roof (not once but at least 2 times), new heating system and so on. He did it himself.

That is the difference between businesses that are successful and those that fail. Many people are successful simply because they own their own business and can say at the end of the day, "I did that". They might never be rich but they are making a good living and are happy (with lots of work). That's what this whole country is based on I believe.

In my opinion that's the difference between those that survive and those that don't. If you watch the show (especially Mark) will say, "I don't think you are willing to put in the 'work' required to make this thing work". That's it in a nutshell. Most fail because of mismanagement of themselves.

Kachina624 · ‎03-10-2010

Many people have great ideas but are poor managers and have no clue as to how to market their product or how to run a business.

New Mexico☀️Land Of Enchantment

Juniebugz · ‎05-20-2015

@Plaid Pants2 wrote:
@Annabellethecat66 wrote:
I read that some of these people just want to be shown on air. Some of them have no intention of taking a deal.

Think of the free publicity! That's why none of them really lose.

True, but there has to be some that just don't make it. I just wonder what percentage of businesses that go on the show end up going belly up.

You can't tell me that 100% of businesses that go on the show, that they all succeed.

There must be some that just don't make it.

It would also be interesting to know how many of the ones who DO get shark deals don't have success.

Jasmine19 · ‎07-16-2012

One of my favorite Shark Tank presentations was the Bedjet. The bedjet blows cool (or warm) air between the fitted and top sheet of your bed. The Sharks had no interest but QVC did. According to the inventors the Bedjet will be sold on QVC soon. I was so impressed by the presentation that I went to the inventor's website to buy one for myself.

Plaid Pants2 · ‎03-14-2015

@Jasmine19 wrote:
One of my favorite Shark Tank presentations was the Bedjet. The bedjet blows cool (or warm) air between the fitted and top sheet of your bed. The Sharks had no interest but QVC did. According to the inventors the Bedjet will be sold on QVC soon. I was so impressed by the presentation that I went to the inventor's website to buy one for myself.

I saw that episode, and I wasn't impressed with the bed jet.

First, it was too expensive, second, I can buy a queen sized electric blanket, with dual controls for about $150, a heck of a lot cheeper than the bed jet. And electric blanket can also warm a bed in just a few minutes.