The economic and business world is at a new level following the consistent technological evolution. Organizations worldwide have developed programs and projects through the internet to dominate the specific venture, while others use the platforms to expand and acquire new business. The Shark Tank encompasses various epiodes involving entrepreneurs and investors. The platform provides a base for business ideas to be presented to enable entrepreneurs receive financial support after successful projection of their business conceptes. The discussion entails scenes from the Shark Tank show covering Tate Stark and Chet Beiler’s demonstrations. Baserd on the shows, Tate Stirk’s Chirp firm received financial aid, while Chet Beilers Chicken Coops firm failed to qualify following the criteria set by the organizers.
Various episodes were featured on the Shark Tank show thaving different business ideas. Tate Stark, the managing director of the Chirp wheel foundation, presented a possible solution to back pain. The company’s idea was mass production of Chirp wheels which were relatively affordable and making huge sales. Tate’s philosophy was practical and efficiently explained the goals and the milestones involved with the organization. Eventfully, the ‘Sharks’ were impressed with the product and made a variety of propositions. Chet Beiler was the other contestant and the managing director of the OverEZ Chicken Coop organization that designed and distributed backyard chicken coops. Beiler’s project faced numerious uncertainties including improper strategy and lack of committement. Tate Stirk was convinced that the organization could generate huge profits were the sharks to invest. During evaluation of the different projects, the Sharks examines the amount each company needs and comparares it with the projections provided. When the returns are convincing based on the analysis, theinvestors consider the idea viable and profitable thus worth investment. In addition, the Sharks determines the sustainability of the revenues and the plans each firm has to ensure the flow of profits does not decline. For instance Beiler’s OverEZ Chicken Coops organization showed a proper startegy compared to the current market readings. However, despite having a fair amount of revenue, there were inconsistencies during the company’s past sales after the effects of economic inflation following the pandemic.
Throughout the interviews, the Sharks were keen on asking questions concerning sources of past funding to the organizations. For isntnaces, they inquired whether the entrepreneurs had partners in their businesses operations. A recollection of sales and profits was enquired about during the interviews. Both parties’ records on the progression of their projects were astounding based on the income they were generating annually. The Chirp wheel idea provided a more stable investment opportunity, and the committee felt obliged to make generous bids. The OverEX Chicken Coop project did not meet the expectations ‘Sharks’ which made it not to receive financial support.
Besides health benefits, the Sharks were convinced the business venture was still in its early days. Skirk’s chirp wheel idea was founded on firm grounds, and did not seem to have serious competition. Chet’s Chicken Coop organization was liable for the plans, which reduced its liquidity and overall profit margins. Furthermore, the manager was inconsistent and inefficient in providing background information regarding the business which made the firm to lose the investement opportunity.
The Chicken Coops business idea proved viable, however, obatining the products required for the end material was challenging. Therefeore, the firm should establish a reliable source that will provide the necessary inputs. Chet Beiler should improve personal attributes and understand the product’s market. It essential to find a dependable supplier before considering further expansion to avoid shortages. Furthermore, Beiler should learn to appreciate the interested parties to attract potential investors. Generally, financiers examines the culture cultivated in an organization and the nature of leadership to determine whether to invest on the the entity’s project. Without proper management system, most sponsors will hesitate and reject applications from companies that have poor administration.