Shark Tank episode via television or YouTube

Before beginning work on this discussion forum, read Carlson's textbook, Chapters 1 through 3. In addition, it is recommended to watch a Shark Tank episode via television or YouTube. One recommendation is to view Shark Tank Us/ Top 3 Pitches That Were Offered $1M or More! It is also recommended to review the Shark Tank site on Facebook, which has information about the show that may assist you with this discussion. In 2009 American Broadcasting Channel (ABC), a subsidiary of the Walt Disney Company aired its first show of Shark Tank. In this reality television show, “a group of budding entrepreneurs takes a chance at making their dreams come true by convincing five self-made, multi-millionaire tycoons to part with their hard-earned cash and give them the funding they need to jumpstart their business ideas” (Facebook/Shark Tank, n.d., para 1). This discussion is like this concept except it is called Ed Tank and the imaginary millionaires are your classmates. In this discussion, you are asked to pitch your business idea to your classmates who are considering investing in your company. You are asked to address the following: What does your company offer and why are you passionate about this business? How is your product or service innovative? What financial issues do you foresee with the startup of this business? The end result is that you want to convince your classmates as to why they should invest in your idea. As a classmate, you are asked to respond to your fellow student's posts and point out the pros and cons that would sway you to either invest or choose not to invest.

Sample Solution

          EdTank Pitch: GreenScholar What does your company offer and why are you passionate about this business? GreenScholar is an online platform designed to connect students with environmentally conscious businesses and organizations for internship and job opportunities. Our mission is to foster a generation of environmentally responsible professionals by providing a space where students can gain practical experience in sustainability and make a positive impact on the planet. I am passionate about this business because I believe that young people have the power to drive positive change, and GreenScholar can be a catalyst for that change.

Full Answer Section

         

How is your product or service innovative?

GreenScholar stands out by offering a specialized platform that focuses solely on sustainability-oriented opportunities. Unlike general job boards, we curate a database of eco-friendly businesses and organizations, ensuring that students find internships and jobs aligned with their values. Additionally, we provide resources such as industry insights, career guidance, and networking events to support students' professional development.

What financial issues do you foresee with the startup of this business?

The primary financial challenges for GreenScholar include customer acquisition, platform development, and marketing expenses. Building a robust database of partner organizations and attracting a significant user base will require initial investment. Additionally, developing a user-friendly platform with advanced features will incur development costs. To mitigate these challenges, we plan to implement a freemium model, offering basic services for free while charging premium features for businesses. Partnerships with educational institutions and environmental organizations can also help reduce costs and expand our reach.

I believe that GreenScholar has the potential to become a leading platform for sustainable career development. By investing in GreenScholar, you are not only supporting a profitable venture but also contributing to a greener future.

Would you like to start a discussion thread by responding to this pitch with your thoughts on whether or not you would invest?

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