The Profit vs. Shark Tank
A key difference between The Profit and Shark Tank is that Marcus Lemonis will actually visit the company and provide them hands-on help. To receive equity from the company he is helping, he offers the owners total control of the company for a certain amount of time. In the The Shark Tank, the four sharks just pitch out their offers to the entrepreneurs and lets them decide on the spot.
If I had my own business it would be a clothing line. I'm highly into streetwear fashion and enjoy the street influenced culture that comes along with each article of clothing. Creating a brand of clothing line would be phenomenal and would gear my business towards street fashion brands such as Supreme, Mint Crew, Bape, Perspectives Global etc. An investor I would work with would be Daymond John because he knows his way around the fashion industry. FUBU was the brand he created that was very successful for a decent amount of time, but as new brands surfaced FUBU would slowly die out. With his knowledge, he could tell me the do’s and don’ts of the fashion industry and provide me crucial information leading my brand.
I believe that Marcus Lemonis is a better investor because of his hands-on experience with business owners he works with. While watching The Profit, Marcus Lemonis would provide tips and tricks to the business owners he worked with. He didn’t just pitch an offer to them like the Sharks and prayed that it would work. Lemonis would actually go into the business and take total control for a certain amount of time. For example, he helped CarCash become a nation wide business. With his mindset and knowledge, I believe he is a very strong investor.
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