Just Elementary, Inc. » Entries tagged with "Mark Cuban"
Negotiation & Business Valuation Lessons from Shark Tank Cellhelment CordaRoys Bean Bag Beds Tower Paddle Boards Baby Loves Dance Lose 12 inches
The Shark Tank update segment will cover Tower Paddle Boards, which received an investment from Mark Cuban. Tower Paddle Boards is based in San Diego, which makes a lot of sense as that is a great city for surfing related activities. The Tower Paddle Boards are fun and easy ways to enjoy a fun time out in the ocean. One thing to remember from the initial appearance is that while Stephan Aarstol was asking for $1.5 MM Dollar … Read entire article »
Filed under: Business Tips
Business Models & Business Valuation Lessons from Shark Tank
Last into the Shark Tank were Beverly Vines-Haines & Charlotte Clary of Ice Chips Candy. Ice Chips Candy is a sugar free alternative mint candy. Ice Chips Candy use Xylitol, which is an alternative to sugar. The candies were tasty and the Sharks all liked the business, especially after hearing that current year sales were projecting to close to $1 Million Dollars. Beverly Vines-Haines & Charlotte Clary of Ice Chips Candy had proven their business … Read entire article »
Filed under: Business Tips
Business Valuations Too High isn’t Always a Bad Thing – Shark Tank
First into the Shark Tank was Cousins Maine Lobster, the brainchild of Sabin Lomac and Jim Tselikis. Sabin Lomac and Jim Tselikis were on the show to pitch the catering food truck business. This particular episode had a recurring theme of business valuations that were too HIGH. You can read additional in depth analysis of previous Business Valuations from Shark Tank here. Sabin Lomac and Jim Tselikis were seeking $55,000 for 5% equity which translates … Read entire article »
Filed under: Business Tips
Business Lessons from ABC’s Shark Tank – Negotiation Techniques and Business Philosophies
Third into the Shark Tank was Cheryl Rigdon presenting her products, the Spatty and the Spatty Daddy. The concept is simple, Spatty and the Spatty Daddy are spatula like products that small enough to get into tubes of cosmetic products, and lotion bottles, etc. to scrape out the hard to reach portion of the remaining product. This type of product is definitely appealing to consumers who hate to waste, and save money. Putting this product on … Read entire article »
Filed under: Business Tips
Importance of Sales, Revenue & EBITDA & Profits on Business Valuations – Shark Tank
The Third Product in the Shark Tank was Tereson Dupuy of FuzziBunz which you can find on Amazon.com. FuzziBunz are a 100% resuable diapering product, that are eco friendly and money saving. A seeming win win product in that it is eco friendly and money saving. Of course, there is the yuck factor of handling a reusable diaper and washing them. Aside from that the main crux of the segment is that Tereson Dupuy had … Read entire article »
Filed under: Business Tips
Negotiation Clinic: The Art of Leverage When Selling – More Shark Tank Business Lessons
Third into the Shark Tank were Abby Jordan & Becky App. They were there to represent eCreamery.com. eCreamery.com is an online gift shop for gelato and ice cream with many custom flavors. At the time of taping, the duo were operating a retail location as well. eCreamery.com had recent year sales of $750,000 but only bottom line profit of $60,000. This is not unusual, retail brick and mortar businesses have a lot of overhead in Rent, … Read entire article »
Filed under: Business Tips
Shark Tank Business Lessons: Negotiation Lessons of Leverage
Let’s address some basic business transaction realities that deserve highlighting from the opening episode of Shark Tank for Season #4. Diving right in, we have Derek Pacque’s CoatChex. CoatChex is an innovative Coat Tracking system that allows ticketless checking of a coat, and to boot, has a simple payment system. As you can see from the photo below from the CoatChex Website, the product looks great, and should carve a decent market for itself. The Sharks were intrigued … Read entire article »
Filed under: Business Tips
Counter Offers & Business Valuation Calculations on Shark Tank Finale
First into the Shark Tank was Ryan Custer of Cougar Limited. Ryan Custer was asking for $150,000 in exchange for 30% equity in of Cougar Limited, which translates to an asking Business Valuation of $500,000. Ryan Custer was on the set to promote his beverage line catered to middle aged women. Custer calls his targeted beverage a ‘Lifestyle’ Drink. The Cougar Limited beverage is similar to 5 hour energy, in that it is a Zero calorie beverage. Given that … Read entire article »
Filed under: Business Tips
Value of Negotiation Leverage in Negotiating a Deal on Shark Tank
First into the Shark Tank were Keeley Tillotson & Erica Welsh from Oregon of Wild Squirrel. Keeley & Erica were asking for $50,000 in exchange for 10% equity in their company. You can find Wild Squirrel on Amazon.com. This translates to an Asking Business Valuation of $500,000. Wild Squirrel is a company that manufactures special Almond and Peanut butters. At the time of taping, they were offered in five varieties which you can see on their website. They … Read entire article »
Filed under: Business Tips
Shark Tank Business Valuation by the Percentages
First up into ABC’s Shark Tank was Jim Pittman of Airbedz based in La Mirada California. Airbedz is an inflatable mattress designed for use in the bed of pickup trucks, If you are an Amazon shopper, you can find it via an Aaffiliate marketing link. Airbedz has special removable sections to fit around the wheel wells that protrude into the bed of pickup trucks. See for yourself: The inflatable mattress by Amazon comes with a removable inflation and deflation pump that … Read entire article »
Filed under: Business Tips
Shark Tank Negotiation & Valuation Lessons
First up on ABC’s Shark Tank on was Barbara Lampugnale of Duality Cosmetics to promote her all in one Nail Polish pack called NailPak. NailPak Nail Polish comes with a handy attached nail file and pre-soaked nail polish remover pads for easy on the go repainting of nails. This is a product that definitely seems like it would get strong interest from Lori Greiner, and it did. An upcoming update segment on Barbara Lampugnale’s NailPak will air … Read entire article »
Filed under: Business Tips
Business Valuation includes Debt On Shark Tank
First up on the Set of Shark was Brenda Coffman of Blondie’s Cookies. Brenda Coffman was asking $200,000 for 3% which translates to a $6.66 Million Dollar Business Valuation for Blondie’s Cookies. During the segment it was revealed that the company was also carrying $800,000 in loans which were used to open four retail stores in Florida. Brenda Coffman is from Kokomo, Indiana. Indiana is home to the original eight Blondie’s Cookies stores. The Sharks *LOVED* the … Read entire article »
Filed under: Business Tips, Business Valuation
Business Valuations and Knowing Your Numbers on Shark Tank
First up on the Shark was Nick Romero of The Ave. Nick Romero was asking $125,000 for 15% equity ($833,333 Valuation) for The Ave, which is a concept that is operated out of a retail location in Venice California. The Ave offers customers the ability to customize apparel. In the segment, customized shoes were highlighted, which required a special platen that Nick Romero had a patent pending for at the time of taping. Being that the … Read entire article »
Filed under: Business Tips
Shark Tank Business Lessons
First up in the Shark Tank was the Profender by Tony Devine, who was asking for $75,000 in exchange for 15% equity (Which is a $500,000 Valuation). The Profender is a basketball training tool to help shooters simulate game situations where a defender is closing out on them to contest the shot. The way this is currently done in most training situation is by having assistant coaches use brooms to extend their reach while basketball players … Read entire article »
Filed under: Business Tips
Why Business Valuations are not as simple as One Formula Fits all
Dallas Robinson and Mike Buonomo of Kisstix were the first pair up on Shark Tank. They were on the show to pitch their product which is a mix and match lip balm that creates a fun tingly flavor experience for kissing couples. Dallas Robinson and Mike Buonomo were asking for a $1,000,000 valuation for Kisstix by offering 20% equity for $200,000. Given that Gross Revenues were about $80,000 Kevin O’Leary asked how Dallas Robinson and Mike Buonomo came up with their … Read entire article »
Filed under: Business Tips, Business Valuation
Negotiation Clinic by Lori Greiner on ABC’s Shark Tank
Inventor Extraordinaire Jared Joyce was first up in the Shark Tank. He was on the show to pitch his product called Five Minute Furniture. Five Minute Furniture has an innovative connection system that does not require tools. It is as simple as slide and lock in with a special piece. The product was attractive enough to get Lori Greiner interested, but only for 100% buyout. Greiner did not want to partner with Jared Joyce at all, to … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Shark Tank Tricky Business Valuations & Profit Margins
First up on ABC’s Shark Tank is Last Lid (@LastLid). The proprietors of Last Lid are Melissa and Kevin Kiernan of Waldwick New Jersey. Their product is a fabric lid that covers outdoor garbage cans, and prevents them from being tampered with by animals. The Kiernans have a problem where their garbage cans are frequently tipped over by raccoons and other foraging animals. After finding no suitable replacement at local hardware stores, the Kiernan’s developed their product. … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Leverage is Key to Winning Negotiations Shark Tank
Having the leverage in a business negotiation is fleeting, and needs to be leveraged before it is lost. That was a key lesson in this episode. First up in the show was Ivory Tennelle from Irvine, California. Ivory Tennelle is the creator of the the Swilt. The Swilt is a combination Hoodie Sweatshirt with a fold up blanket portion. When the blanket is folded up, it looks like a baggy sweatshirt. With the blanket unfolded, Mark … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Leveraging Multiple Offers in Negotiation & Valuation Lessons on ABC’s Shark Tank
First up in the Shark and a great example of negotiation leverage spawned from Multiple Offers is Travis Perry. Perry is the owner of ChordBuddy, an innovative training product that is like training wheels for learning the Guitar. You can buy ChordBuddy on Amazon. As Travis Perry points out, playing the guitar has a real high ‘cool’ factor, to which Robert Herjavec identifies with, and is commensurately excited. The Sharks ask Travis Perry about the sales figures for … Read entire article »
Filed under: Business Valuation, Negotiation
Maintaining Negotiation Leverage – Primary Business Lesson from Shark Tank
Back for a new season of wheeling and dealing, we’ll review the business models, proposed transaction, negotiations and other business lessons on display on ABC’s Shark Tank just as we did for the previous season’s episodes. The first business that was presented on the episode is a product that you can find on Amazon: Clean Bottle (twitter @CleanBottle), founded by Dave Mayer. The product is a sports bottle that has opening on both the top and bottom, which … Read entire article »
Filed under: Business Valuation, Negotiation
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