The Painted Pretzel

The Painted Pretzel TriMesha Smith MGMT 670-01 Spring 2012 The Painted Pretzel Shark ice chest is an elicit television show where entrepreneurs are given a view to present their descent plans to a panel get along as the sharks. If the entrepreneurs are convincing, they have the opportunity to have one of the sharks beautify in their barter. The episode that premiered on February 24, 2012 showed a peachy contrast push-down stack between the entrepreneur, foredate Thomas, and the shark, Mark Cuban. guttle disdain is entitled, The Painted Pretzel. She came up with this idea after devising cover pretzels for her family members one holiday. This idea has developed into her career. go through require much capital in order to produce more(prenominal) products. She before long sells her varicoloured pretzels in stores like Niemen Marcus, and Stein-mart. She is not able to carry through the demand for her product and her business is loosing great opportu nities. Raven began by asking the investors for $100,000 to advance her business in return of 25% equity of The Painted Pretzel. fit to Raven, her painted pretzels are fun, yummy, unique, broad(prenominal) quality, and have unlimited flavor combinations. The painted pretzels cost just ab let disclose $7.00 to win and they sale for $14.50, which would make a profit of $7.

50 for all painted pretzel sold. Sales were $75,000 for the past twelve month, $64,000 for the previous hebdomad and Raven has $140,000 worth of orders she could not fill. Her online sales sell out in less than a week. There is potential for this go with to grow. Due to the fact that demand is much higher than Raven c an supply, this would be a good barrier to ! demonstration opportunity for an investor. Raven impressed the sharks with her response explaining how she had to walk away(predicate) from a two million dollar spread over with surface-to-air rockets Club because she didnt have the resources to produce a volume of orders that high. Mark Cuban, owner of the Mavericks and movie theaters, made the deal with Raven in her favor. Mark is smart....If you want to get a full essay, order it on our website: OrderEssay.net

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