Many entrepreneurs get personal and teary-eyed on the show. At the end of the day, knowing your bottom limit can help you avoid the emotional roller coaster. the original sourceI shake my head whenever I see entrepreneurs step out of the tank for a few minutes to think about deals on the table — only tocome back and find the sharks either have restructured their offers or withdrawn them altogether. Knowing the lowest possible offer youll accept gives you a toeholdduring a negotiation and can keep you from giving away too much of your company. 3. Don’t get so greedy you ignore a reasonable offer. It happens quite a bit on “Shark Tank.” And when a sharkoffers a reasonable offer (or even the exact deal the entrepreneur asked for), it doesnt help to hesitate or shoparound. Likewise, you can offend your potential investor and hurt your chances of closing a deal. This isnt to say you should jump at the first offer you receive. But if you’ve a perfectly good one in hand and you can see yourself working closely with thisinvestor, you should seriously considerit. In Season Five, Solomon Fallas of 180Cup asked for $150,000thousand for 15 percentownershipof his company.
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