Shark Tank episode aired November 8, 2013

Last week’s Shark Tank episode was one of the best. Sorry to report that tonite’s show was one of the worst.

The highlight of the show was the Update on a previous Shark Tank contestant (and Platinum Sharky winner)…..Moshe from Soundbender.  He recently signed a licensing deal that guarantees him a minimum of $2 million annually. Not bad for a guy who had sold only 7K units prior to his appearance on Shark Tank. Congrats!

Tonite’s contestants included Sarah from Schulzies Bread Pudding. Sarah had a great tasting product that the Sharks loved. She proclaimed she was a “mover and a shaker” but was a little over the top with her enthusiasm.  She had no business plan and received no offers.

James from Paparazzi Proposals did manage to get an investment despite having an expansion strategy that didn’t make sense. He wanted to expand his photography business outside of NYC when it was obvious he should saturate that market first before moving on to the next.

He also used a word that should be eliminated from every entrepreneur’s vocabulary….”kickback”. This word has a negative connotation…..makes you think of an illegal or unethical transaction. Use “referral fee” or “commission” instead.

Curtis and Matt from Bellybuds  are losing money on sales forecasted at over $1 million. They also have over a one year supply of their product in inventory. They had a nice looking product and attractive packaging but there were just too many holes in their presentation.

Abe from Pet Paint had concentrated his efforts on selling to big pet stores instead of marketing his product via social networks and a nice website. He also had over a year’s supply in inventory. He received an offer from Shark Barbara who has a great track record making companies successful. Abe turned her down. A fitting ending to this episode.

 

 

 

 

 

Advertisements

About Shark Tank Ratings

Author of "Unlocking Your Entrpreneurial Potential: Marketing, Money, and Management Strategies for the Self-Funded Entrepreneur"
This entry was posted in barbara corcoran, Daymond John, Entrepreneur, Kevin O'Leary, Lori Greiner, Mark Cuban, Mr. Wonderful, Robert Herjavec, Shark Tank, Sharky Award and tagged , , , , , , , , , . Bookmark the permalink.

I would like your feedback. Please comment below.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s