Thursday, October 29, 2009
which company would you choose?
between the two companies; the grill charm company and the bobble head company I would choose the grill charm company without a doubt. I not only liked the idea of the grill charm company more but I also liked the entreprenuer more as well. The entrepreneur of the bobble head company was only offering equity for the new un-tested company he was wanting to start, not his main online company that is already greating lots of profit. The entreprenuer wanted the sharks to give him 75'000 dollars for something that had no real proof that it would be succesful and also wouldnt share any of his other company with them for insurance on their money. The man was greedy and also wasnt very professional, when asked by the sharks what his profits were, he couldnt give them a hard answer, only price ranges. First impressions are very important and who you are going into business with is very important as well which is mainly why I would not go into business with the bobble head company entreprenuer. I would have made a deal with the grill charm company because I really liked the idea as well as the entreprenuer. She was very determined and passionate about her idea and didn't ask overvalue her company. You could tell that she wanted to expand and was willing to give up some to gain in terms of her idea growing as a company. Giving what the sharks offered, I would have probably offered about 75'000 dollars for 30% of her company or tried to get in on a deal with one of the sharks because I really believe that the product is a good product and would want to get in on it.
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