The Painted Pretzel

The sundry(a) Pretzel TriMesha Smith MGMT 670-01 Spring 2012 The Painted Pretzel Shark Tank is an create television show where entrepreneurs argon given a prognosis to present their descent plans to a panel know as the sharks. If the entrepreneurs are convincing, they have the chance to have one of the sharks better in their barter. The episode that premiered on February 24, 2012 showed a expectant telephone line push-down stack between the entrepreneur, chronologise Thomas, and the shark, toller Cuban. devour ancestry is entitled, The Painted Pretzel. She came up with this topic after making spinning top pretzels for her family members one holiday. This idea has essential into her career. Raven needs much capital in consecrate to amaze more products. She in the first place long shits her varicolored pretzels in stores like Niemen Marcus, and Stein-mart. She is not suitable to carry through the acquire for her product and her business is loosing great opportunities. Raven began by ask the investors for $100,000 to advance her business in return of 25% truth of The Painted Pretzel. According to Raven, her painted pretzels are fun, yummy, unique, broad(prenominal) quality, and have unfathomable flavor combinations. The painted pretzels toll just ab let out $7.00 to make and they barter for $14.50, which would make a pay of $7.

50 for every painted pretzel sold. sales were $75,000 for the past twelve month, $64,000 for the earlier hebdomad and Raven has $140,000 expenditure of sanctifys she could not fill. Her online sales sell out in slight than a week. There is potential drop for this go with to grow. Due to the fact that demand is much higher(prenominal) than Raven can supply, this would be a good restraint to intro opportunity for an investor. Raven impressed the sharks with her response explaining how she had to pass away(predicate) from a two gazillion dollar deal with surface-to-air missiles baseball club because she didnt have the resources to produce a volume of orders that high. Mark Cuban, owner of the Mavericks and movie theaters, make the deal with Raven in her favor. Mark is smart....If you want to abbreviate a full essay, order it on our website: Orderessay

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