I regularly watch the television show Shark Tank. The basic premise involves entrepreneurs going before a group of potential investors, or sharks, who are considering investing in their company. Of course, with that investment often comes giving up a percentage of their company to the investor. I’m sure for many of you, the thought that would cross your mind is, “Not only would I be skeptical of giving up part of my revenue, but I would hate giving up control to someone who doesn’t understand my business like I do.”
Fair point, but what if I told you that whether you realized it or not, there was already a “shark” involved in your company? One that dictates how you hire employees, how you operate your business, what products you sell and of course takes a healthy share of the profits, all while never showing up to your place of business to have a sit down and learn about your company.