Shark Tank Season 3 Episode Six

After a week being cleaned the Tank is now ready for its next visitors… here we go.
Deliciou
Kjetil, the creator of Deliciou, has been in search of his destiny and has been working on his invention — a Vegetarian bacon seasoning. He has entered the Tank seeking $300k for 25% of his company. Steve puts him on the spot and exchanges places with him to give him some perspective… but that doesn’t hold him back. Kjetil tells us that he doesn’t own the IP of the seasoning, so I’m wondering who’s going to take a bacon flavoured bite?

The Guitar Strap Co.
These three mates think they’ve got a product that everyone in the music industry is going to want — a utility strap for guitars that is designed by musicians for musicians. The pitch begins with Mike serenading us before Tony woos us with the facts… and Dave covering the social media aspects and letting us know he’s in conversation with some major international names in the music industry. They’re still in the nucleus phase of their company, with retailers close to fruition I wonder if this product will sell itself in store…

Tyred Dog Beds
Jennifer and Amanda have an invented a dog bed out of a tyre and some shade cloth. This is a special pitch for me as Dexter, my dog and head security guard, gets to make his TV debut! Watch out best new talent — that award will be up for grabs.
Cat Napping Suburban Retreat
Ebony from Cat Napping Suburban Retreat wants to franchise her business… but with pet care sharing sites, does she have a sustainable business model?
Zeppee
This clever founder has found a way to connect all pet owners to lost pets as well as a tinder style app to promote adoption of a rescue animal. Ben from Zeppee is after 50k for 10% in his business of ethical digital pet technology. With Dr Glen in the Tank there is plenty of insider information on this one…
 

The Monday Food Co.
What a wonderful name for a business and the founder is equally elegant. Indi from The Monday Food Co. has created a one-of-a-kind breakfast granola which tastes incredible. Even with a significant sized business, being stoked in 800 stores around Australia, Indi is still mixing every order by hand. She wants to outsource her manufacturing and has come to the Tank asking for 300k for 25% of her company…

What I admire about the entrepreneurs that have the courage to come into the Tank is that they’re really dreaming big. That is what business is all about… and why I set big hairy audacious goals.
The theme for August in our private business community is ‘Painted Picture’. For the next four weeks we’ll be giving ourselves the chance to dream BIG. I’d like to ask you… what do you stand for? What do you believe in? Where do you want to be in 5 years? What do you want your business to look like then? These are the types of questions we’ll be delving into… come and join us at join.naomisimson.com.
Images courtesy of Network Ten
 
 

Grow & Scale Your Business by Naomi Simson

Tell Naomi a little bit about your business by completing the questions below. (It will take less than 60 seconds)

Answering your #1 Biggest Business Challenge question tip: 

Go beyond just saying "Poor Cashflow" or "Unreliable Team". 

Instead, give Naomi details & specifics on how this is currently your #1 Biggest Business Challenge. 

I.e. "Every month I'm struggling to pay my bills on time because there just isn't consistent cash flow coming into the business. I've tried sticking to budgets in the past & pay myself less to keep some extra funds aside for emergencies, but still every month there seems to be another financial fire to be put out. I don't know what to do about it, so I'm just grinding it out."

 

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