I Am Solution.com

For Entrepreneurs

Shark Tank - Top 3 CheckList

1) Does it solve a problem?

2) Can you sell it at a reasonable price?

3) Is it appealing to the mass market?

 The following 3 things are required. - Bill Gates, MicroSoft

1) Vision

2) Timing

3) The capacity to act

Investors like Patents - Robert M Haynes

“Anyone can copy your patent; however, the patents enables you to sue.”

1) Patents

2) Copyrights

3) Trademarks

Four Legged Stool - Robert M. Haynes

1) Product

2) Production

3) Financing

4) Marketing

The Product Journey - from Entreprenuer Robert M. Haynes

1) Specialty Items - Usually novelity items, Higher Price Accepted during this phase, lower volume unit sells. (Traction Difficult)

2) Specialty-Staple Items - Middle Price with higher volume. ( This is your best area)

3) Staple Items - Lowest Price - Profit Margin is beaten out from competition overtime. Staple Items include shoes, toothpaste, soap, pencils, paper, etc. (Avoid this space)

Shark Tank - Extended CheckList

1) Does it solve a problem?

2) Can you sell it at a reasonable price?

3) Is it appealing to the mass market?

4) What is your presentation?

5) What are the numbers? Consider capital requirements and valuation.

6) What is the Market Size?

7) Do you have current sells, orders and / or contracts?