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Business Lessons from Shark Tank Season Finale

Business Lessons from Shark Tank Season Finale

First up in the season finale of Shark Tank is the prominently featured Rebecca Rescate of CitiKitty.  Rebecca Rescate’s CitiKitty is a product that is an alternative to the traditional cat litter solution.  This product helps trains cats to use actual Human toilets. As funny as it looks watching a cat on a toilet, it does solve a problem, especially for urban dwellers whose cats can not easily go outdoors and use a yard for their bathroom needs. Rebecca … Read entire article »

Filed under: Business Tips, Business Valuation, Negotiation

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

Shark Tank Week 5 Business Lessons

Shark Tank Week 5 Business Lessons

The week Five Episode of Shark Tank featured more small business lessons. First up was Hot Mama Gowns, which is a line of stylish maternity gowns that can be used Pre and Post Partum, or in plain English, before, during and after childbirth.   Hospital Gowns are quite frankly unappealing and this product does fill a good need.  Looking presentable, as opposed to be looking ridiculous, is an important part of feeling good, and feeling good is important … Read entire article »

Filed under: Business Tips

Lack of Quality Business Plans on Shark Tank Week Four

Lack of Quality Business Plans on Shark Tank Week Four

The week four episode of ABC’s Shark Tank featured Four key examples of how writing a business plan is incredibly important to showing a business owner a path to success.  Do not create a startup business without a business plan, it will lead a higher frequency of mistakes which cost time and money and could ultimately lead to a premature end of a business or product.  There are four painful examples of improper business planning yielding … Read entire article »

Filed under: Business Tips