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TV Worth Watching: Shows for Small Business Owners

Although inventory and asset tracking is an important part of business, we recognize small business owners need to know more about their business than the location of critical assets or how much stock is needed. In fact, a number of recent shows center almost entirely around how a business is run. These shows can provide a great reference for small business owners. If you watch enough, chances are you’ll see obstacles you and your business have encountered or are currently facing. Want to learn a little bit more about business with no risk involved? Here are four shows small business owners should consider watching: 1. Restaurant Impossible In this Food Network show, Chef Robert Irvine uses a budget of $10,000 to renovate failing restaurants. Although likely most beneficial for restaurant owners, many of the situations and solutions can be applied to any business in the service industry. When to watch: New episodes air Mondays at 10 p.m. EST 2. The Profit In this CNBC series, Marcus Lemonis offers capital investment and his expertise to struggling small businesses to help turn their businesses around. Lemonis looks at everything from inventory management and cash flow to bullying in the workplace. When to watch: New episodes air Tuesdays at 10 p.m. EST 3. Shark Tank What does it take to get an investor’s attention? ABC’s Shark Tank invites aspiring entrepreneurs to pitch their businesses to a group of outspoken investors. Lessons small business owners can take away from Shark Tank include the importance of understanding your customer and knowing your finances. When to watch: New episodes air Fridays at 9 p.m. EST 4. Undercover Boss Each episode of this CBS series depicts an individual in upper management at a major company going undercover as an entry-level employee to discover faults within the business. Although the companies are large, many of the issues are the same as what a small business may experience, although on a smaller scale. When to watch: Undercover Boss returns later this season. Building a successful small business takes more effort than can be summarized in an hour-long television program; however, there are many lessons to be learned from the shows concerning business practices on TV today. Will you be watching?