#Success advice for any #startup interested in #Sharktank!

1. Make sure you know who your competitors are, if any. Tons of great product ideas pitch on Shark Tank and then Lori says “Yeah, I’ve seen this before, we just sold 10,000 of these last week on QVC.” This same idea goes for smartphone apps, you have to create something really unique in the app space and make sure no one else has already thought of it and did it better.

2. Make sure it has a WIDE application. The Scrub Daddy did $14 million in sales right after Shark Tank because it was a product that anyone on the planet (with a kitchen sink) could easily buy and use.

3. Don’t make your pricing insane. Who remembers the marital confrontation Stuffed Elephant in a Box that was a plush toy in a plastic box for $60? It might make for a fun gag gift, but not for $60.

4. Don’t ever mention “I’m going on the show for national exposure” anywhere in your application,  phone interview and certainly not during your actual televised pitch. With 7 million viewers per show that is one of those blatantly obvious things that the producers hate to hear. It seems that there is a culture within Shark Tank in which the entire “free exposure” concept is taboo to talk about.  

5. Be entertaining. Shark Tank is about 90% viewer share and only 10% real business. The brilliant producers who handled my segment rigged a balloon drop to coincide with the moment when I said “Balloon Distractions”. This would never happen in a dry business meeting with venture capitalists. I feel that some entrepreneurs get on simply because they are entertaining, not because they have a decent business idea. We are both; Balloon Distractions has done $5 million in sales and booked entertainers into restaurants 100,000 times, but I feel that we got on the show because I own a BALLOON business and the producers felt it would make for a fun segment.

6. If you have fun / attractive personalities in your business use them on the audition video. There are plenty of Shark Tank segments that have included good looking / sexy / pretty folks. This is TV after all, if you have a “looker” in your business include them in your pitch. In talking to the Nardo brothers at Nardo’s Naturals I’m convinced that Barbara invested in them because she thought the boys were sexy! I’ve watched every episode going back to Season 1, there has been no shortage of cleavage on the show….. case in point:

http://sharktankclips.com/season-3-episode-3-you-smell/

7. Before you pitch on the show go out and sell your product to PROVE there is some type of demand, even if your business is less than a year old. The sharks are impressed by hustle and moxie, if you go and work trade shows and state fairs for a few months and sell 50K in product you have proof that regular folks out there in the market can be converted to customers.

8. There is nothing wrong with taking something obvious and putting a new twist on it, grilled cheese sandwiches have been around for a thousand years, but Tom and Chee turned it into a successful restaurant franchise with proven sales and strong business systems.

9. Build your business big enough to support you full time. The Sharks hate part-time business owners. Your loyalties are divided if you make 70K as a pharmacist and 10K from your business. The Sharks know this, none of them became wealthy by building their companies 10 hours a week.

10. Last but not least, keep it very simple. Tom and Chee, Scrub Daddy, Chord Buddy, Wicked Good Cupcakes, etc. all of the successful pitches can be summed up in a short sentence. Our company sends balloon artists into restaurants to entertain the kids while they wait for the food to arrive at the table, that’s why we’re called Balloon Distractions!

Hope that helps, and Happy Twisting!

-Ben Alexander

Founder / CEO

http://www.BalloonDistractions.com

The 4 levels of #Leadership.

Image

These 4 levels of Leadership can be applied to any organization, whether its a church, a business or a local civic organization.

Level 1: Self-Mastery, becoming an Entertainer and a Performer.

The Entertainers on our team go through an extensive orientation process but ultimately they have to emerge as a self-starter, our people buy their own materials and log on each week to choose their own work. This requires a higher level of independence and discipline than most traditional employees in a traditional job. As an Entertainer on our team you do not need to ever talk to a supervisor unless you make a mistake or need to change your schedule.

In many ways self-mastery is the hardest skill to achieve for most people, it is the ultimate expression of self reliance. Once you have mastered yourself you KNOW what you need to do and you take action, no one needs to look over your shoulder or give you direction on a daily basis.

A child needs to be told what to do, when to do it, and how to do it. A child must be constantly watched. To reach self-mastery is to become an true adult, one who is comfortable with responsibility and ready to grow as a leader.

Level 2: Building a Crew.   

Once you develop enough self discipline to order your own materials and show up for your bookings you must perform on a consistent basis over the course of a few months to prove that you can be reliable over the long term. Self-mastery is not something you do for a day or a week, it is a positive habit that you develop as a tool for the rest of your life.  

In our company you have to prove that you are consistent and reliable over 30 or 40 bookings before you become a Crew Leader. The reward in holding this position is that you can earn a commission each time your crew fills a gig.

Crew Leaders earn income from the wider organization, not just their own limited efforts. There are only 24 hours in a day, but when you have a crew out there working you are creating income for yourself, even if you are not personally working that day.    

A Crew Leader must learn several new skills: posting want ads, holding a professional interview, onboarding new Entertainers and making sure each new person goes through our online as well as in person orientation.  

Once you have gotten your new Entertainers started you must follow up and encourage them, our best Crew Leaders will ask their team to text them how much they earned at the end of each shift. If an Entertainer is averaging less that $25 per hour this is a clear indicator that they need further training and counsel.    

Level 3: Developing a Region.

Balloon Distractions never could have “gone national” without a team of Regional Leaders in place. This role requires you to not only become adept at developing Entertainers, but now you have to expand that out to developing Crew Leaders.

This role also requires mastery of a several new skill sets: making sure you have balanced growth in your area by selling this concept to the general managers of local restaurants and bowling centers. As the founder of Balloon Distractions I ran the Tampa Bay region as a Regional Leader from 2003 until 2009, during that time I filled gigs, developed Crew Leaders and sold enough clients to get the region up to 45 bookings per week.

As the Tampa Bay RL I was hands-on with my team, helping my Crew Leaders train new people and also showing them how to sell new clients.

Level 4: Developing other Leaders.

As the company grew I realized that I needed to take the Tampa management role off my desk and delegate that position out to my best Crew Leader. This was hard to do, I had gotten used to running Tampa Bay for 6 years!

With 20 Regional Leaders in the company back in 2009 it was time to focus on our leadership team, not just one region that represented a single digit percentage of our overall business.

I had to become a Level 4 leader myself by looking at the wider picture, how do we put this concept in every city in North America?

My role now is to make sure our operations can support that growth and that we are continuing to develop our own internal Entertainers into Crew Leaders, and helping the Crew Leaders step up into a Regional Leader role. Making it onto season 5 of Shark Tank gave us a huge dose of national media exposure and we are leveraging that into finding and recruiting as many Regional Leaders as possible.

Ben Alexander May 26th, 2014.  

Living YOUR life as an expression of love.

Image

If I had not met Rachel in Taiwan on June 25th, 1995 there is a good chance that my two daughters would never have existed. My wife and my daughters have become the cornerstone of my heart and the greatest blessing in my life. For this alone I am thankful.

I cross the doorway of 40 next week, quite possibly the midpoint in my life.. and during this time I’ve been reading many books on leadership, faith and our destiny and purpose here on this planet. I am seeking learning and understanding, the illumination of the heart as well as the mind.

In this fashion I have reached a very simple yet profound conclusion about the path I’m about to set upon for the rest of my mortal existence.

I want to live my life as an expression of love.

I want to channel love, kindness, patience, light and beauty, in EVERYTHING I do…. and everyone I come into contact with. In my small way I want to create more laughter and kindness in the universe.

For too long I neglected to do this, and my potential as a human being was limited. I made all the mistakes that sprout from the gnarly roots of ego and impatience. I loved some people around me, but not at the level they deserved, probably because I was incapable of fully loving myself in those moments.

The writer Dr. Wayne Dyer says that EGO is “Edging God Out”. I love that.

If you truly allow God to come into your heart there is no further room for ego, anger, frustration or resentment. In discovering my own Faith in 2012 I cried many times as I asked God to come into my heart and wash out the mud and the muck, rinse out all the accumulated debris of a life that was NOT lived in Faith, a life that was lived far below the potential that He has ALWAYS had in store for me.

Everything in your life stems from the intentions in your heart, from being a parent, to running a business, to the marriage that you choose to have.

————————————–

As I wrote this I was listening to this music:

https://www.youtube.com/watch?v=Q7ch7uottHU&list=RD5dn7HgiT2QY

Enjoy!

Benjamin T. Alexander

March 1rst, 2014

SHARKS! …. in balloon hats.

Image

Shark Tank posted this pic on their Facebook wall today, and various bloggers have written about us ALREADY so there is no secret that our episode airing THIS Friday will be a BIG moment in latex history.

HUGE THANKS to all the members of the Los Angeles team who came out the day before and made these amazing shapes; the motorcycle for Robert Herjavek, Shark Hat for Lori Greiner, Fruit hat for Mr. Wonderful, Crown for Barbara Corcoran and Dallas Mavs player for Mark Cuban.

Most people have seen an artist twisting in a restaurant and never realized that you could build a fun and profitable business around that concept. We are the first company to establish a decade-long reputation with NATIONAL brands like Chili’s, IHOP, Applebees, Texas Roadhouse, etc.

Our online Orientation makes sure that 100% of our artists are trained to a very high standard, and 100% of our bookings are CALL CHECKED across 4 time zones.

We know that there are people out there who are looking for a fun business built on family values with a corporate culture of creativity and compassion towards children.

If you would like to work with us to build a region in YOUR area please go to:

http://balloondistractions.com/build-a-region.html

Feel free to hit the SHARE button below and work with us to bring more people into our fun and creative enterprise!

10 reasons we love Robert Herjavec.

Image

#1. “Don’t mistake kindness for weakness.”

#2.  He not afraid to try all food on air, even the dicey stuff.

#3.  The whole dog thing.

#4.  Always a gentleman, no matter how silly the idea in front of him.

#5.  He grew up poor, and forged his own path.

#6.  He likes fast stuff, from Italian supercars to motorcycles.

#7.  He has tried every piece of exercise equipment ever presented on Shark Tank.

#8. Chord Buddy. He is going to make that guy a millionaire if he hasn’t already.

#9.  He’s a great counter balance to Mark Cuban.

Last but not least…..  

#10. Infectious Enthusiasm!