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GENERAL QUESTIONS For Shark Tank

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GENERAL QUESTIONS

SHARK TANK
1. What problem does your product or service solve?
2. Who is your target market? Can you describe the customers who
would benefit from your product?
3. How did you come up with this idea?
4. What sets your product apart from competitors?
5. What are your sales so far? How much revenue have you made, and
how long has your business been operating?
6. What is your cost to make the product? What is your profit margin?
7. How much are you asking for, and what will you use the investment
for?
8. Do you have any patents or intellectual property protection?
9. What’s your plan for scaling the business? How will you grow to
meet increasing demand?
10. What is your strategy to stand out in a competitive market?
11. How do you plan to reach new customers?
12. What are the biggest challenges you face with your business
right now?
13. Where do you see your business in 5 years?
14. How will you handle production if demand suddenly increases?
15. How are you currently marketing your product?
16. Are there any potential risks or downsides to using your
product?
17. What improvements or changes are you planning for future
versions of your product?
18. Is your product eco-friendly or sustainable? If not, how do you
plan to address environmental concerns?
19. How do you manage production and shipping? Do you
manufacture the product yourself, or do you outsource?
20. What are your biggest operational costs? How do you plan to
reduce these over time?
21. How do you handle returns and customer service?
22. Are there any potential legal challenges with your business or
product? For example, regulatory issues or legal disputes.
23. Why should I invest in your business? What makes this
opportunity a good deal for an investor?
24. What would happen if we don’t invest? Will the business
continue without this funding?
25. How would you handle disagreements with investors? Are you
open to outside advice or do you prefer to stay in full control?
26. Do you plan to sell your business in the future or stay involved
long-term?
27. What’s your exit strategy for investors? How will they
eventually make a return on their investment?
28. What milestones do you need to hit to achieve your long-term
goals?
29. How do you plan to keep up with market changes and
Resume:

evolving customer needs?


30. What’s the biggest risk to your business right now? How are
you addressing it?
31. What will you do if a competitor releases a similar product?
32. How do you plan to handle any economic downturns or supply
chain disruptions?
33. What would happen if your biggest supplier stopped working
with you?

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