Watching Shark Tank, the entrepreneur ideas are flowing. Smart business owners, dreamers and even a few crazies walk down the hallway and approach The Sharks with gusto. Knowing it is possible to make their dream come true with additional funding, the moment of sharing all the details begins.
The emotion of introducing a product or service to strangers has to be intense. Add the cameras and it’s impossible to envision the butterflies bouncing off the entrepreneurs stomach walls. If the contestant isn’t focused, they might also be worried about the millions of viewers watching the segment. It’s a big risk with big rewards.
However, some entrepreneurs do worry about the unknown. Shark Tank entrepreneur ideas aren’t typical investments. The contestants have been vetted, projects reviewed and considered way before The Sharks see them to make sure the audience will be entertained. With so many eyeballs looking at a project, business owners wonder if their idea can be ripped off.
Can Entrepreneur ideas seen on TV be ripped off?
The biggest reason heard from anyone hesitant in applying to be on the business reality show is the worry of an idea being stolen. Many believe that people watching at home could rip off entrepreneur ideas seen on TV. Millions of people watch, and it’s possible that someone could be inspired in way that is less than pleasurable.
It is possible someone with a TV could take an idea from the show and modify it to make it better? Absolutely. With all the price points, product overview and details revealed, someone could find a way to make a similar item. However, it’s improbable that an idea would be actually be ripped off. It’s just too obvious and people aren’t going to take the risk. Why? Many people are too lazy and most are too prideful to steal from a TV segment. Also, many products are patented, which is why it is so important to begin that process before entering Shark Tank for the first time.
Shark Tank Entrepreneur ideas are a boost of inspiration
If anything the Shark Tank entrepreneur ideas are a boost of inspiration for the TV watching audience. A reminder that dreams are possible and opportunities can happen if people pursue their passion. Add a service or product that one truly loves and it’s obvious that viewers already have their own path, but are looking for advice to make their personal entrepreneur journey go further.
Entrepreneur tip: Don’t let worry over about people ripping off your ideas stop you from looking for funding. Your passion and enthusiasm can’t be matched by anyone, even someone who thinks they can do it better. You just need to be an expert in your field, and also be as protected as possible in the event an issue rises.