Just Elementary, Inc. » Archive
Negotiation Lesson from Shark Tank – Counter Offer with Conviction
First into the Shark Tank was Scrub Daddy, the creation of Aaron Krause. The Scrub Daddy isn’t any ordinary sponge, it can morph from a very soft sponge (Activated by Hot Water), to a firm sponge (activated by Cold Water) that can scrape tough food stains. Aaron Krause is a clever inventor, and with the Scrub Daddy had a big hit on his hands. Prior to taping on the set, Aaron Krause had sold the Scrub Daddy on QVC on … Read entire article »
Filed under: Business Tips
Basics about Franchising, Is It Right For You & Choosing the Right Franchise to Invest In
A lot goes into deciding which franchise business is the right one to invest in. One large ‘if’ is if a Franchise business is even the right type of business to start or invest in for you. A lot foes into the decision, and here are some items for you to consider when deciding which, if any, franchise business is the right one for you. The video below contains a brief discussion of franchise businesses, and … Read entire article »
Filed under: Franchises
Business Valuations Too High isn’t Always a Bad Thing – Shark Tank
Dallas Robinson and Mike Buonomo of Kisstixx were the Shark Tank update segment. Mark Cuban invested in the young entrepreneurs. Kisstixx is a product which is a mix and match lip balm that creates a fun tingly flavor experience for kissing couples. Dallas Robinson and Mike Buonomo asked for a $1,000,000 valuation for Kisstix by offering 20% equity for $200,000. Mark Cuban made an offer of $200,000 for 40% Equity ($500,000 Valuation). He made … 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
Capital Expenditures Costs and Timing to signing a Retail Lease for a New Business
Negotiating a new lease for a new location and trying to figure how long it will take to get your doors open for business? There is a lot to consider when it comes to timing and budgeting, and here are a few of them: ● Working Capital ● Security Deposit and First Month’s Rent ● Tenant Improvement Costs & Carrying Costs ● Municipal, County & State Permits ● Opening Inventory/Supplies ● Payroll Budgeting Working Capital Needed to Start a Business Working Capital is a key … Read entire article »
Filed under: Business Tips, Commercial Leasing
Keys to Getting Investor Money & Investments on Shark Tank
This episode features the return of Lori Greiner to the Shark Tank, as she will alternate with Barbara Corcoran in Season 4 episodes. First into the Shark Tank was Back 9 Dips. Back 9 Dips is the brainchild of Dominique & Kevin Mealy. Dominique & Kevin Mealy product is a collection of blended chicken dips that you can find in grocery stores like Publix and Winn Dixie. The business wasn’t big at the time of taping, and as such, the Sharks did not demonstrate strong … Read entire article »
Filed under: Business Tips
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