Ep 22. Week 22
- TVPG
- April 26, 2013
- 43 min
-
7.4 (58)
Week 22 of Shark Tank Season 4 brings more entrepreneurs seeking investment and advice from the panel of "sharks" in hopes of turning their dreams into a reality.
The episode opens with a duo presenting their product, a line of eco-friendly cleaning products made from all-natural ingredients. They claim their products can clean just as well as traditional cleaning products without the harmful chemicals and environmental impact. However, the sharks question their pricing strategy and production costs, leaving them to reconsider their approach.
Next up is a young entrepreneur with a unique idea for a fashion accessory. The product is designed to make it easier to carry a purse while also providing added security. The shark panel is impressed with the concept but skeptical about the entrepreneur's lack of experience and ability to execute her business plan.
A third entrepreneur enters the tank, pitching a revolutionary new piece of fitness equipment designed for at-home use. The product offers a full-body workout and is intended to replace several bulky pieces of exercise equipment. The sharks are impressed with the product's potential but have concerns about the entrepreneur's lack of sales data and market research.
Fourth in the tank is a husband and wife team with a business idea for a healthy food product. The couple has created a line of plant-based protein bars that they believe will rival the traditional protein bar market. However, the sharks are wary of the crowded market and question the couple's financial projections.
Finally, a mother and daughter team enters the tank with a unique beauty product. Their invention, a portable hair salon, is designed for busy women who want salon-quality hair without spending hours at the hairdresser. The panel of sharks is impressed with the product's potential and offers the duo a deal.
Throughout the episode, tensions rise as the entrepreneurs attempt to convince the sharks of the value of their offerings. The sharks, in turn, challenge the entrepreneurs on their business plans, sales data, and pricing strategies. Ultimately, the sharks have to decide whether to invest in the entrepreneurs' visions or pass on the opportunity.
Overall, Week 22 of Shark Tank Season 4 is a riveting episode full of innovative business concepts and difficult decisions. It showcases the highs and lows of entrepreneurship, as well as the challenges of securing investment and bringing a product to market.