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What You Can Learn from Shark Tank

Shark Tank is not only a popular TV show, but a great learning opportunity to help you make your business more successful. The questions that the sharks ask are important for any business owner to be able to answer. Learn about improving profitability through better understanding of your pricing, including markups and margins. Be sure that you are recognizing revenue appropriately so you can truly measure your profitability. Do you know how to make revenue projections? Do you have healthy financial statements? Learn how to make your company successful enough to have the sharks in the Shark Tank be willing to invest.

Session Objectives:

  • Correctly measure and track margins, by profit center, to make good business decisions
  • Determine true labor costs to better manage projects
  • Uncover direct job costs hiding in your overhead costs to better manage margins
  • Create sound financial statements to correctly measure profitability