Guest blog from Carol Ritter of CarolTalks.com
If you own a business, I insist you watch Shark Tank on Friday night at 8 p.m. This amazing show hosts the worlds most famous investors. Barbara Corcoran, a real-estate mogul, Mark Cuban, owner of the Dallas Mavericks, Robert Herjavec, founder of 125 million dollar technology company, Daymon John, creator of global fashion brand FUBU, Lori Greiner, the Queen of QVC, and the villain Kevin O’Leary, chairman of O’Leary Funds. The purpose of the show is to help struggling entrepreneurs with money, connections and mentorship. Each week a number of wanna-be’s show up for their once in a lifetime opportunity to “GROW UR BIZ.”
The wanna-be’s walk, run, jump into the ‘tank’ and present their pizzazz. The SHARKS begin the drill, how many have you sold, what is your market, how much does it cost you to make, is there a patent pending and how much money of your own have you invested. Their answers have everything to do with whether or not they will get a deal.
How about you? Are you SHARK STRONG or SHARK WEAK? Can you answer the questions above and would these SHARKS be interested in your biz? What’s your pizzazz, your WOW factor?
A a small business owner recently said to me, “business is so slow.” I offered suggestions, he had little response. Summer is approaching, the SHARKS are ready to attack, if your biz is SHARK WEAK you may want to consider a jump into the SHARK TANK
Take more time to network, get out of the office
Hold events at your biz - bring people in
Hold customer appreciation days - give something away
Promote your pizzaz, up your marketing 50%
Join a “Mastermind Group” for idea sharing and problem solving
BTW, Lori Greiner, QVC, recently paid $150,000 for 65% stake in ReadeRest, a magnetic reading-glasses holder. The end of the story is $3.5 million in sales on QVC and climbing.
This wanna-be entrepreneur is now SHARK STRONG, how about you?
Carol serves as a featured writer for the Home News and the Lehigh Valley Chamber Blog. Carol is an accomplished professional speaker, coach and educational consultant specializing in innovative leadership, outrageous fundraising, million dollar marketing, and building organizational alliances throughout the country. Carol’s creative leadership with bullet proof ideas for recruiting MORE MEMBERS, MORE MONEY AND TER LEADERS. www.caroltalks.com 610-442-4545 firstname.lastname@example.org Like me on Facebook at Caroltalks and CarolCoaches! Carol S. Ritter, Immediate Past President, National Speakers Association Philadelphia