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Negotiation and Valuation Lessons from ABC’s Shark Tank

Negotiation and Valuation Lessons from ABC’s Shark Tank

Episode 207 of ABC’s Shark Tank elicited many responses, and as usual contained a great many business lessons on display, in particular regarding Valuation and Negotiation. First up in the Shark Tank were Jason Lucash & Michael Szymczak of OrigAudio.  They asked for $150,000 for 15% equity. Their company sells portable audio speaker solutions.  On the show they claimed to have a track record of sales.  In their one year of sales they have grossed $750,000, upon … Read entire article »

Filed under: Business Tips, Business Valuation, Negotiation

More Business Lessons from Shark Tank

More Business Lessons from Shark Tank

Onto the quote-unquote week one episode of the Shark Tank, which is the second episode since the show emerged for a second season.  This episode, like all of the episodes, contained a lot of small business lessons that are valuable to have on a life’s journey of entrepreneurship. Lesson #1: Negotiation Snafu: Giving Away Leverage First up was Nikki Pope of Toygaroo.  Toygaroo is a great concept of a membership in a rental toys plan.  Toys were … Read entire article »

Filed under: Business Tips, Negotiation