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Shark Tank Negotiation & Business Valuation Lessons Drop Stop Simple Sugars Cool Wraps Traditional Fisheries Buggy Beds
Maria Curcio and Veronica Perlongo from Freehold, NJ, are getting an update segment on their popular product known as Buggy Beds. Buggy Beds is an early detection system for, you guessed it, Bed Bugs. Shark Tank update segments usually convey good news, so we’ll expect to hear that Maria Curcio and Veronica Perlongo have experienced tremendous growth in Buggy Beds Gross Sales. One reason that Buggy Beds made for such a memorable Shark Tank segment is that all five … Read entire article »
Filed under: Business Tips
Eminent Domain – Getting the Right Value and Knowing Your Rights
Eminent Domain is a scary sounding proposition. Your property and/or your business can be shut down and taken away from you against your will. The real estate has value, but what about the business located at the real property? How about the value of the business? What are your options? How can you make sure you get a Fair Market Price for the business? Courtesy of the Partners at Nossman, LLP, a California Eminent Domain … Read entire article »
Filed under: Business Valuation
Season 5 Shark Tank Open Casting Atlanta, Dallas, Chicago, Philadelphia, Los Angeles
Do you have the next Scrub Daddy, SoundBender, Magic Tattoo Remover, ReadeRest Eye-Glass Holder, Lollaland Lollacup or Vurtego Pogo Stick? Then, Great News for you and other entrepreneurs hoping to get their business, product or idea on to Shark Tank. Shark Tank has been renewed for a 5th season! Coinciding with this is an announcement of the Season 5 Open Casting Schedule. Atlanta, Dallas, Chicago, Philadelphia and Los Angeles are the five cities that … Read entire article »
Filed under: Business Tips
Negotiation & Business Valuation Lessons from Shark Tank Cellhelment CordaRoys Bean Bag Beds Tower Paddle Boards Baby Loves Dance Lose 12 inches
There are plenty of mobile phone accessories, but are there any truly revolutionary products out there? Cellhelmet was pitched in the Shark Tank. Cellhelmet was founded by three people, Mike Kane, Brian McHenry and Dave Artuso. The trio are from Pittsburgh, so we’ll expect a little shout out between them and Mark Cuban who is also from Western Pennsylvania. What Cellhelmet does to differentiate itself from other mobile phone accessories is to offer accidental damage coverage. … Read entire article »
Filed under: Business Tips
Questions to ask a Bank about getting Small Business Financing, Lines of Credit, Loans & SBA Loans
If you are seeking Bank Financing for your small business in the form of a conventional loan, SBA loan, Line of Credit or some other financing, what are the questions to ask a bank to help you gauge the bank’s ability to come through for you? Here are three important questions to ask a bank when assessing the feasibility of procuring bank financing in the form of a loan or line of credit. Where is the … Read entire article »
Filed under: SBA
Shark Tank Business Valuation & Negotiation Lessons Neo Mag Light Tattoo Removal, PSI bands, Nuts N More, Jeska Shoe Company, SurfSet Update
Third into the Shark Tank was Neo Mag Light aka Black Magic IPL Tattoo removal is the brainchild of Nick Gonzalez & Kevin Mack from Westminster, Colorado. Neo Mag Light aka Black Magic IPL Tattoo removal is an innovative product that allows people to remove tattoos on their own. The product is designed for use in the home. Neo Mag Light (Black Magic IPL) comes in a smaller version for smaller tattoos, and can be used to test … Read entire article »
Filed under: Business Tips
Shark Tank Business Valuation & Negotiation Lessons – Proof Wood Eyewear, Addison’s Wonderland, Muddy Water Camo, Hip Chix Denim & Liquid Money Cologne & Perfume
Proof Eyewear was last into the Shark Tank to pitch it’s line of Eco friendly eyewear which is all made in America. Proof Eyewear offers wood based frames for sunglasses and prescription eyewear. Proof Eyewear started in 2010, and is based out of Eagle, Idaho. Proof Eyewear is run as a family business by three brothers, Brooks, Tanner and Taylor Dame. Proof Eyewear is sold in specialty retail stores, and online. The story that Brooks, Tanner and … Read entire article »
Filed under: Business Tips
Shark Tank Business Valuatiom and Offer Negotiation Lessons The SmartWheel, Gotta Have S’More, How Do You Roll Sushi, Pretty Padded Room Online Therapy & Invis-a-Rack
Carmen Lindner from Marina Del Rey California is on Shark Tank to pitch her tasty looking dessert creation called Gotta Have S’More. Carmen Lindner’s Gotta Have S’More looks to be a tasty creation that should have the sharks interested in a muffin crossed with a smore, which come in many different chocolate flavored combinations. Gotta Have S’More’s are sold in retail outlets in the Los Angeles area, and also are sold online with two day delivery … Read entire article »
Filed under: Business Tips
SBA Loans, Lines of Credit and other Financing for Small Businesses – Choose Local Community Banks
Getting an SBA loan, financing, lines of credit or other business loans for small businesses sounds like a simple affair. Just walk into the nearest big name national bank and apply. The same bank that airs many commercials on television proclaiming that the bank is helping America’s small businesses grow by offering them business loans and lines of credit. The thing is, that they do make plenty of loans, but primarily to very large ‘small businesses.’ This … Read entire article »
Filed under: SBA
Shark Tank Business Valuations, & Negotiation Lessons Ava the Elephant CitiKitty HoodiePillow, Grinds Grounds Coffee Pouches My Cold Snap Green Garmento
Update segment involves a hit product from Season 1 of the Shark Tank, known as Ava the Elephant, available on Amazon. Tiffany Krummins is the inventor, and the update segment shows that she has great story showcasing the American Dream. She made a product to solve a problem she had administering liquid medicines to her child. Necessity is the mother of all invention. With an investment from Barbara Corcoran, Ava the Elephant has taken off and … Read entire article »
Filed under: Business Tips
Business Valuation Multiples & Multipliers, Why Your Business is not just Two Times the Profit
There are a lot of commonly used profit multipliers to determine the value of a business. You may have heard of ‘2 times the profit’, or any other version of it such as three times the profit as an ad hoc Business Valuation. The crux of the matter is: Which multiplier applies to your business and how does it fit in to a Business Valuation? The rest of the post is below the video. The short answer … Read entire article »
Filed under: Business Valuation
Shark Tank Business Valuation & Negotiation Lessons with Xero Shoes Soundbender Cuddletunes Bibbitec
Rabbi Moshe Weiss appeared 2nd on Shark Tank to pitch the Soundbender. The Soundbender is an innovative clip on attachment to redirect iPad sounds in the direction of the screen instead behind the screen. Rabbi Moshe Weiss has a large personality, but he backed with a product in the Soundbender that had great margins and some potential. As such there was interest from Daymond John and Robert Herjavec for the Soundbender. Rabbi Moshe Weiss was … Read entire article »
Filed under: Business Tips
What is Your Business Worth? Different Factors Affecting Business Valuations
There are a lot of commonly used profit multipliers to determine the value of a business. You may have heard of 2 times the profit, or three times the profit, but do they apply to your business? The short answer is no, a Business Valuation is affected by non discrete factors, including the following. The reason for this is that there are too many variables in the phrase ‘2 times multiplier of the profit.’ Effect of Industry Type … Read entire article »
Filed under: Business Valuation
Rent Abatement, What is it and how to get it. Why would a landlord give it?
In simple terms getting free rent is rent abatement. Important to note that if you are able to secure rent abatement, it likely only applies to the base rent. This means that CAM/NNN charges would still be due. So when can you get rent abatement/reduction? When negotiating a brand new lease When adding significant Tenant Improvements Down economic markets How you negotiate the rent abatements depends on the situation In terms of new lease negotiations, this would be easiest time to … Read entire article »
Filed under: Commercial Leasing, Renegotiation
Discount Store for Sale in Pomona CA
Established Discount Store that mainly features Dollar Items for sale in Pomona. Store has been established over 15 years. The owner works full time at the store, and has two part time workers. Store is open 7 days. Located in a busy plaza with stores and services businesses that cater to the local demographic. Nearby is a coin laundry, WIC, Medical Clinics, Public Assistance, etc nearby in immediate walking distance. Owner has set the store up well with products that … Read entire article »
Filed under: Business Opportunity For Sale
Process of How to Buy Existing Resale Franchise Units
See below the video for a bullet point summary of the video Selecting the Right Franchise to Invest in: Does the franchise concept suit your skill set? Retail versus B2B (Business to Business) demand different skills and personality traits to successfully operate. Even different retail businesses require different skills and strengths, so make sure to choose a franchise that suits who you are. Do you meet the financial qualifications of the Franchisor? Most Franchises have clearly minimum Total Net Worth & … Read entire article »
Filed under: Franchises
Navigating Write Offs and Addbacks in the Process of Buying and Selling a Business
What impact on the bottom line profit and overall value of the business do write off have? One of the commonly cited perks of owning a business is the ability to write off expenses and reduce the tax bill. Write offs are fairly common for business owners, but they have an adverse affect on the bottom line profit of a business, which affects the overall Business Valuation for the business. How does this happen? Well, if a … Read entire article »
Filed under: Business Valuation
Getting Bidders to Bid Against Themselves Using Negotiation Leverage on Shark Tank
First into the Shark tank were David Jackson and Dave Petrillo, who are the creators of Coffee Joulies. David Jackson and Dave Petrillo, created Coffee Joulies to solve the age old problem of keeping hot beverages at the right temperature for long time. Coffee Joulies are stainless steel pebbles that reduce the temperature of a hot beverage to 140 degrees Fahrenheit and keep it there for hours. The secret to the Coffee Joulies are the chemicals inside of … Read entire article »
Filed under: Business Tips
Financing Capital Expenditures
A big part of the success and value of a business is in the cash flow management. Which is significantly impacted by Capital Expenditure, commonly referred to as CapEx. Many businesses require a Capital Expenditure Investment in Equipment or other machinery (FF&E) that needs refreshing on a regular schedule. So, the question comes down to how to manage these expenses. Financial Reserve Account One option is to set aside a Financial Reserve on a yearly basis. Doing this is … Read entire article »
Filed under: Business Tips, Business Valuation
Marketing Questions on Shark Tank
Getting a Shark Tank update segment are Keeley Tillotson & Erica Welsh from Oregon of Wild Squirrel Nut Butter. Keeley & Erica asked for $50,000 in exchange for 10% equity in Wild Squirrel Nut Butter when they appeared on Shark Tank, which translated to a Business Valuation of $500,000. Wild Squirrel Nut Butter is a company that manufactures special Almond and Peanut butters They started the company out of their college apartment. As they are … Read entire article »
Filed under: Business Tips
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