fbpx
Connect with us

Entrepreneurship

The Lessons to Learn from Stock Sharks’ Founding

Is there anything other than a good idea that an entrepreneur needs to be able to start a business? Usually, yes, but that doesn’t mean that having the right idea isn’t important. It’s the spark that starts the fire.

As far as Stock Sharks is concerned, the initial idea was both a good one and the right idea. It just so happens that it occurred at the right time, completing the trifecta. In its essence was a desire to build a community around a solution to the problem and use that model to spread the membership base across the world.

Because the idea succeeded, it could be useful to see how the people who had it developed it. There were three key realizations they had, and each related to an essential aspect of starting and running a business.

The Problem

The story of Stock Sharks starts with Sheraz Ali, the company’s co-founder. In his search for higher risk investments in Canada, Sheraz found that most financial advisors who crossed his path had an exceptionally low-risk tolerance.

The problem behind this, as Sheraz and eventually his business partner JR Alexander saw it, was a lack of knowledge about the market and the products they were investing in. That’s the kind of knowledge that could be derived only from a mix of research and hands-on experience. It’s also the kind of knowledge that would help people move away from the advisor’s conservative returns and take their investment into their own hands.

The Market

Whenever there’s a problem that needs fixing, a solution-oriented entrepreneur will ask a question: is it bothering a lot of people? Or, could it be that it’s bothering a few people who are willing to pay a lot of money to have it fixed? There’s no use in developing a solution if there isn’t a market for it.

Sheraz and JR had their market. They can speak to the appetite for learning that existed at the time, and that was evident among investors in widely different areas. It also happened that, because it’s possible to invest internationally, the future Stock Sharks had another important advantage: a global market.

The Solution

With a well-defined problem and a market eagerly waiting, going ahead to create a solution was the next logical step. In this case, the solution was in the Stock Sharks founders’ ability to research and analyze companies and industries. They would create the knowledge that the market needed.

As for distribution, the choice came down to EdTech. However, what’s more interesting was the idea to include an additional selling point into their offering: a community element. That’s why, today, Stock Sharks is a company with a global membership that forms a diverse community and participates in the growth and development of the company through referrals.

Final Thoughts

When starting a business, it’s important to do things in the best way possible. Finding a problem and its solution, looking for a market, and figuring out how to deploy the solution are important steps that need to be executed carefully and correctly.

What Stock Sharks did, however, took the process a step further. They found a way to convert their members into a mix of brand ambassadors and vetting officers. The best thing about it is that they did it by working hard, providing a good service, and having a great connection with their members.

Nicolas Bueno is a Columnist at Disrupt Magazine. Nicolas Bueno is also the Content Manager at HighKey Agency. With a background in public relations and his passion for business, he now shares exciting stories of entrepreneurs and how they’re succeeding in their fields!

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

NFT1 week ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

News1 month ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...

Cryptocurrency1 month ago

Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’

Nike, the sportswear mogul, recently stunned the globe as it moved into the realm of the metaverse industry and blockchain...

QR code screenshot QR code screenshot
Diversity in Tech2 months ago

BTC did 62% more in transactions than PayPal this year

MasterCard and Visa have always topped as the runaway leaders; however, Bitcoin’s Lightning Network will soon disrupt this norm. Starting...

high angle photo of person holding turned on smartphone with tall buildings background high angle photo of person holding turned on smartphone with tall buildings background
Social Media2 months ago

How to Organically Grow Your Social Media Following In 2022

Instagram On Instagram, use Reels to reach new audiences and grow – find popular sounds and use them in your...

gold-colored Bitcoin gold-colored Bitcoin
Cryptocurrency2 months ago

Julio Domenech On How Banks Can Engage In Bitcoin in 2022

As cryptocurrency continues to become a popular trend in the US, many people are looking for an opportunity to participate...

Diversity in Tech3 months ago

Microsoft Teams, Incorporating New 3D Avatars And Virtual Meeting Spaces Before Mid 2022

Microsoft Mesh has always led as the future of Microsoft Teams meetings. However, Meta, the newly launched Facebook company, is...

Health + Fitness3 months ago

Stephen Campolo – How A Former Fat Kid Transformed His Body And Is Now Helping Others Do The Same

UPDATE: During a recent interview with Yahoo! News, Stephen revealed that he will be speaking at the next Disrupt Puerto...

News3 months ago

Facebook Goes Meta As It Scales Up Beyond Just Social Media

Thursday 28 September 2021, Mark Zuckerberg, the CEO of Facebook, announced Metaverse, a brand for users to interact in virtual...

JaeLz JaeLz
Entrepreneurship3 months ago

JaeLz “No Titles”

JaeLz I’m an independent singer/rapper and songwriter. My Artist name is JaeLz. This article is about my Journey and how...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.