Dentaltown September 2017 - 14
howard speaks
column
Are You Shark Tank-Worthy?
Be a practice worth an investment
Would Shark Tank invest in you? Shark Tank is an amazingly successful series, and if I were a young dentist,
it'd be my new best show to watch. The business-themed show has pulled in some awards over the years, and I
think it's one of the few reality shows worth watching.
From left to right: Robert Herjavec, Barbara Corcoran, Mark Cuban, Lori Greiner, Kevin O' Leary
The premise is simple: Aspiring entrepreneurs and small business owners
enter the "tank" and pitch their ideas to a panel of business sharks. If the
pitch is good enough, the "sharks"-millionaires and billionaires such as
Dallas Mavericks owner Mark Cuban and cybersecurity mogul Robert
Herjavec-agree to fund the project ... but not without making sure they
get their ROI if the newly funded business protégés make it big time.
The presenters have only a few minutes to make their pitches, and
then the sharks come in with the questions, most of which are the same
for everyone. I've seen enough episodes over the eight
seasons that within the first minute of questioning, I'll
know with about 90 percent certainty whether someone's
going home with funding or just going back to square one.
The first questions most get asked are: "What is your
background? What made you get into this business?"
These are soul-searching questions with an important
and sharp business edge. So, let me ask you: Why are
you a dentist?
Continued on p. 16
by Howard Farran, DDS, MBA, publisher, Dentaltown magazine
14
SEPTEMBER 2017 // dentaltown.com
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Table of Contents for the Digital Edition of Dentaltown September 2017
Dentaltown September 2017 - Intro
Dentaltown September 2017 - Cover1
Dentaltown September 2017 - Cover2
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Dentaltown September 2017 - Cover3
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