On this road, I have been working doing research to understand the deepest business aspects of my industry. Doing this, I have enriched my knowledge with different sources that expand my vision and leadership skills to become successful in the music field. This also applies to the negotiation and financial aspects in the business. A few months ago I became more familiar with a source that has been influential to me and others who are in the business, and have made my thoughts on the subject more clear of the things that I will be involved with in the future. This source is called Shark Tank, a reality television series on the ABC network, which features a panel of five wealthy entrepreneurs who are called “sharks”. The panel of “sharks” considers and negotiates investment proposals from entrepreneurs, either individually or in partnership with other panel members. This shows us how we can transform our business ideas into reality using a good proposal. However, it is not only a good proposal that is necessary to transform our ideas into realities. Good negotiation, excellent presentation, and, the most important aspect, understanding the numbers to finance your ideas. As the “sharks” say, the business does not matter, what matters is how to make money out of the investment. This teaches me a very important lesson in understanding the hard work behind the finance side of the business, and makes sure that all of the aspects of my company, such as the financial statement analysis, are correct. With this lesson in hand I may be brave enough to go out into the world and swim with the sharks that I will need to invest in my company. As an investor it is not only important to know if the business will be a good or bad investment. The emphasis is on how to analyze the Financial Statement. We have to learn how to develop financial literacy and be a leader in all aspect of the business.
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