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

 

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