Women in Business Tip: What I Learned on Shark Tank - Forum.web.com
Follow Us:
Women in Business Tip: What I Learned on Shark Tank
shark tank

When Lynnae Schneller, president and founder of Lynnae’s Gourmet Pickles, wanted to grow her business nationwide, she had the rare opportunity to learn from the best: the successful entrepreneurs on ABC’s Shark Tank. As one of the featured businesses during the premiere season of the show, Schneller learned enough to expand to gourmet food stores and grocery stores around the nation. Here are three lessons she learned from the Sharks (and what you can learn too):

  1. Know your business inside and out and be confident answering questions under pressure.
  2. Acknowledge your strengths and your weaknesses. Every business has an area of weakness, and acknowledging it head-on allows you to address the issue and overcome the hesitation instead of avoiding a difficult conversation.
  3. Sometimes not getting a deal really is what’s best for your business. “Often people think a deal is the way to success,” says Schneller. “We are so thankful that Barbara [Corcoran, on Shark Tank] encouraged us to continue on the path that we were on. It was great confirmation for the direction we are headed, and continuing to grow organically and keep our equity really has been the best route for our business.”

Get more advice from other business ownersRegister for the Web.com Small Business Forum Online. Being a member of the Small Business Forum enables you to ask questions about online marketing, comment on our numerous articles, get to know other small business owners and receive special offers on business services from our partners. Sign up now to accelerate your online marketing potential!

Rieva Lesonsky

Rieva Lesonsky

Rieva Lesonsky is CEO of GrowBiz Media, a media and custom content company focusing on small business and entrepreneurship. Email Rieva at rieva@smallbizdaily.com, follow her on Google+ and Twitter.com/Rieva, and visit her website, SmallBizDaily.com, to get the scoop on business trends and sign up for Rieva’s free TrendCast reports.
Rieva Lesonsky

Latest posts by Rieva Lesonsky (see all)

Rieva Lesonsky


Loading Facebook Comments ...
Join the Small Business Forum Community
The Small Business Forum is a place where small business owners can learn, ask questions, and share advice on how to succeed online
Skip to toolbar