How NOT To Deal with the Sharks

Sharks Tear Check Up and Walk Away From Deal

 It's hard to imagine anyone going on a Show like the Shark Tank and getting a deal with 3 very successful investors, only to have the check torn-up and the very last minute. You jump through all the hoops to get on the Show, successfully make a deal and pass due diligence, go to the closing and completely blow the deal. If you want to learn how NOT to deal with the Sharks, you might like to watch this video with Kevin O'Leary and Robert Herjevic in the first season of the Dragons Den filmed in Canada.

 I had to watch this video a few time's and I'm still completely stunned something like this could happen so close to completing the deal. I almost felt a little sorry for Chris Nguyen, the entrepreneur behind the concept, but it was his choice not to speak-up when he had the chance and a $200,000.00 check already in his hand.

Clearly the teacher that helped grow Jobloft to that point had a major problem with the deal concerning the Sharks long before closing day. In Business timing is everything, and this clearly wasn't the time. Asking the question "No offense but did any of you get a business degree" AFTER they just accepted a $200,000.00 certified check, is about as dumb as it could possibly get. The teacher might have had some good ideas for the business, but was it really a good time to start teaching a class? Watching the Sharks get a 12 minute business lesson is a classic moment I won't soon forget. LOL, that's just too funny.

Who's Your Favorite Shark?

My Favorite Shark on the Shark Tank Show

Who is Your Favorite Shark?
  I was asked two very good questions the other day about the Shark Tank Show which surprisingly I couldn't answer either one off the top of my head. The first question was "How many Shark Investors have been on the Shark Tank Show"? The second question simply was "Who is your Favorite Shark"?

Considering I easily knew the first three or four previous questions asked about the Show, my mind quickly added up a total of 9 Sharks which I was 99% confident was the right answer. Oops, the correct answer is 10 total Sharks have so far appeared on the Shark Tank Show. The names of all the Sharks for the first 5 seasons include Kevin O'Lery, Daymond John, Barbara Corcoran, Robert Herjevic, Kevin Harrington, Jeff Foxworthy, Mark Cuban, Lori Greiner, John Paul DeJornia and Steve Tisch.

The next question who's my favorite Shark was a question I took a long time thinking about before I ultimately made up my mind. In fact I have thought about this question a great deal more which has become the inspiration to write this article. The more I thought about the question, the more I realized it's a two edged sword. Is my favorite Shark the one I would most like to meet someday and potentially become friends with? Or the Shark who could add the most value to whatever product or service was being pitched at that time?

Restaurant StartUp on CNBC

Restaurant Start up Shark Tank -like Show

Restaurant Start-Up on CNBC - July 8, 2014

Restaurant Reality Show after Shark Tank
Restaurant Startup Business Show on CNBC
following 2 hours of Shark Tank Tuesday
 CNBC's new Business Reality Show "Restaurant Start up" wants to give the Shark Tank Show a run for its money. In fact it looks like they chose a restaurant already seen on the Shark Tank "Baby's Bad Ass Burgers" to be featured on Restaurant Startup's premiere show. Unlike the Shark Tank where you need to convince the Sharks to invest knowing very little about you, the Restaurant Startup will put your business plan to the test before deciding if it's a worthy investment.

Do you have a great idea for a new restaurant start-up? Then you're going to love this new Business Reality Show CNBC is adding to its Prime Time lineup starting this Tuesday night July 8th, 2014. The hosts Joe Bastianich, Tim Love and Wylon Lucas will be interviewing future restaurant concepts that have the potential to become national brands. If you can sell them on the concept, they will open up you're restaurant in three day's time and let the customers decide how good it really is.

By watching the video CNBC Prime put out advertising the newest business related reality show, Restaurant Startup is taking parts of the Shark Tank and The Profit Show, and combining them with a unique twist. You'll first need to go up against Joe Bastinich and Tim Love in a Shark Tank like atmosphere convincing the two very successful restaurant entrepreneurs to invest in your concept. Restaurant Startup will then take this concept and build your dreams into reality in only three days' time. This is where industry expert Wylon Lucas will go behind the scenes giving her professional advice to grow this concept into a national franchise brand similar to Marcus Lemonis on The Profit.

It sure looks like a lot of behind the scenes drama which could good for the ratings, (I wish the Shark Tank would go behind the scenes more often) but still "keep it real" and more of a learning tool for aspiring entrepreneurs. Remember "Crowd Rules" which was another business reality show last year on CNBC? It was a great concept, but too much excess drama in a game show like atmosphire, is clearly not what entrepreneurs prefer to watch.  The balance of making a good reality show (drama) along with solid business advise like both the Shark Tank and The Profit Show has, is what Restaurant Startup will need to succeed.

Check it out this Tuesday night on CNBC right after two episodes of the Shark Tank on July 8, 2014.

Restaurant Start-Up on CNBC

Amazon Trade-In Program

Interesting Way To Make Money with Amazon

Trade-In Over 1,000,000 Items on Amazon

Because of Amazon, I seem to have become good friends with the post lady delivering those familiar brown boxes at least a few times a week. The fact you can conveniently order a variety of things and have them all delivered to the front door in a matter of days, is just a great idea in my opinion. As many time's that I've used this online service, I still give it 5 stars out of 5, and continue to be impressed with how easy they've made this entire process.

 Now that we've accumulated a rather large collection of Amazon boxes, they just started a new program where we can send them back and make some rather easy money in the process. Amazon has created a very easy way to send them all your Textbooks, Movies, Video Games, Music and Electronics, in exchange for gift cards that can be used to buy anything available on the site. Over 1 million listed items fall within those categories that can now easily be turned into an asset with this new trade-in program.

What's the catch? Why not start your own Amazon Store and make more money per item?

That's A Good Question.

Shark Tank Mompreneurs Book Club

Mompreneurs from Shark Tank Interactive Book

Direct Access to 5 Successful Shark Tank Entrepreneurs
Shark Tank Book Club
Shark Tank Mompreneurs
"interactive" Book Now
On Sale Today!
 What do you get when you take 5 Very Successful Shark Tank Mompreneurs and put them together for over 3 full weeks? You get direct access talking too and learning exactly what it takes to start a successful business. All 5 Mompreneur's including Shelly Ehler from Show No Towels, Megan Gage with Hot Tot Hair Products, Tiffany Knummins inventor of Ava the Elephant, Amber Shaub from Ruffle Butts and Betsy Johnson with Swim Zip Swimming Suits, are taking part of this very unique learning experience on what it takes to get on the Shark Tank Show.

The combined knowledge you could learn from these 5 Ladies could easily make the difference getting your product on the Show, or just another one of the 30,000+ other entrepreneurs who will be competing for Shark Tank Season 6 alone. Putting together a creative way to gain this inside knowledge and have direct access to 5 Successful Shark Tank Stars took a little thinking outside the box. By combining an eBook filled with detailed information from 5 Successful Mompreneurs, and having direct access for 3 full weeks to get any question answered, (and lots of "Motivation") you create priceless ongoing content on "exactly" what it takes to get on the Shark Tank Show.

BestMomProducts owner Rachel Olsen has been interviewing Shark Tank Mompreneurs for quite some time with some of the best interviews I've seen. She's combined the friendships made from doing these interviews and brought 5 successful Shark Tank contestants together for this unique one-of-a-kind experience.

You would think having direct access to these obviously very busy Mompreneurs would be comparable to a conference costing at least a few hundred dollars,right? It would be a bargain at that price considering the inside knowledge you would learn about getting on the Show.