#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.

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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.  

From #Idea to #SharkTank, and the obstacles in between…….

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I’ve always kept a journal, writing in it occasionally when I found a free moment, normally when on the road while building my company.

Back in 2003, about a month after I started Balloon Distractions I wrote:

“Someday we will have this idea in 1,000 bookings per week!”

We’re not at 1,000 weekly bookings YET, but we are well on our way.  

The challenge in my business has been finding Regional Leaders, people who have an entrepreneurial mindset who could sell restaurants on the concept and train enough entertainers to fill the weekly bookings. By necessity the RL position has to be held by someone local, and finding the “right someone” has been our greatest challenge.  

Going on Shark Tank last January helped, we have 32 new Regional Leaders in development since the beginning of this year.

Running a region is not for everyone, you have to be friendly enough to go out and fill bookings yourself, but also feel comfortable interviewing potential new staff and pitching this concept to restaurant managers.

We’ve also reached out to the Entertainers who were on our team as college students many years ago, they are now in a different season of their life, with more bills to pay, many of these past Entertainers have joined us again to help us build new regions. 

When you have an embryonic idea it is impossible to predict what it will take to effectively implement it, there is a huge amount of trial and error that you will have to endure before you find the best way to create growth, revenue and profits from your idea.

Going on Shark Tank is neither the end nor the beginning of any business, just one more milestone along the continuum from start up to that billion $$ buyout from Google.  

-Ben Alexander

May 1rst, 2014

 

Living YOUR life as an expression of love.

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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.

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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

To connect with people is a great blessing, indeed.

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This is me and my sister Andrea in her kitchen in New Jersey, about 2 years ago.

We were joking around that day, I was talking about goofy stuff and making her laugh, probably because I had said something outrageous…. Andrea’s husband Jerry took the pic and it captured that specific moment perfectly.   

It’s important that we connect with other people, every day, in a non-social media way.

I spent this morning interviewing applicants for an admin position within Balloon Distractions, I met a bunch of nice folks, and in the process had some lively discussions with a pretty diverse group of people. One applicant had been a detective in London, who knew?

Social media has it’s place and it’s utility, but let’s not substitute this for REAL human interaction.

This is one reason why I enjoy volunteering in local community events, it gets you out there meeting people and interacting with real human beings, not staring at a computer screen.

Commenting to a post on Facebook is nice, but sharing a laugh with someone in person is far more powerful.

Those are my thoughts for this afternoon….

Ben Alexander

Tuesday afternoon, February 11, 2014.

A week after going on #SharkTank……

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My company was featured on ABC’s Shark Tank; episode 514 on January 17th.

In the following 3 days our website saw more traffic than it had seen in the previous FIVE YEARS.

This blog doubled in views within 2 days, and we got a ton of people filling out our Build a Region Form:    http://balloondistractions.com/build-a-region.html

Even though we did not get an investment on the show we got in front of people who NEVER would have known we exist if not for Shark Tank.

This afternoon I was talking to a lovely lady who told me that she had been praying for something than would allow her to earn an income, be there for her children and also serve her Faith.

The next day she saw our segment on Shark Tank!

We are so BLESSED by this national exposure, since January 17th the people who have sought us out have been very impressive, people devoted to their family and their community, people who have service in their heart and wish to work for the betterment of those around them.

As the Founder and CEO of Balloon Distractions I am well aware of my role as a humble servant to all the people who have come to us. I will do everything possible to help all of our Regional Partners build a strong business that demonstrates kindness towards children and helps college kids work their way through school.

Our leadership team has a solemn responsibility to be great stewards of this business, providing all the tools needed to guide and assist our Regional Partners.  

If you are a person of Faith please take a moment and pray for us, pray that we guide our team in His ways, with His wisdom, guidance and grace,

Amen!

-Ben Alexander

Jan 27, 2014   

 

 

 

SHARKS! …. in balloon hats.

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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!

A Construct of the Mind.

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written by Ben Alexander, January 2014

The only physical manifestation of our company is a balloon artist in a restaurant making a balloon for a child. After the customer goes home with a cool balloon there is no evidence that we were ever there other than our promo poster on the door.

We don’t have any storefronts or billboards next to the highways, no trucks or warehouses filled with product, no lasting “widget” that will be sold at yard sales and later discarded in landfills and left to rust.

We are a memory in the minds of children everywhere, something they will recall with vague fondness when they become adults….  

Balloon Distractions is a virtual business, a business of information, ideas and memories.

It all started as a rough idea in my mind in 2003, through training systems that idea has been multiplied in the minds of hundreds of people across the United States, as well as information stored in the ones and zeros of our software in order to organize tens of thousands of bookings each year.  

The most expensive component of our business has been our online scheduling program and our training / orientation interface. Both of these are the most effective way to spread information across time and distance, across 4 time zones, to pursue a common goal.  

With the ongoing evolution of technology there will be more businesses that have little to no physical assets, with software that is parked on servers that are rented on an as-needed basis.

Is there a limit to these “constructs of the mind”? 

As a student of economics I’m going to theorize that there are NO limits to how many different ways we will find to monetize the movement of information in the global economy. Just as Twitter, Facebook and E-harmony started as ideas there will be hundreds and thousands of “mental constructs” that create wealth in the future.    

10 reasons we love Robert Herjavec.

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#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!