Tiffany Krumins shares the lessons she's learned since the pilot episode of Shark Tank

My Biggest Lessons with Chris Meade

Tiffany Krumis auditioned for the first ever episode of Shark Tank – and struck a deal with Barbara! Hear how she grew and sold her first business, and the lessons she’s taking into her next one

2:00 Intro and be coming an accidental entrepreneur, and casting for the first ever episode of Shark Tank and making a deal with Barbara.

4:00 Convincing a shark to make an investment with no prior experience.

5:00 What’s it like working with a shark, up to selling the company.

6:45 How has Shark Tank changed? There are very few inventions now, it’s all established businesses. If it weren’t for Shark Tank, Tiffany wouldn’t have made it.

10:00 Discounting is fine as long as it’s part of the marketing strategy, and growing aggressively month over month through organic growth. Turning television opportunities into sales opportunities. The power of keeping relationships. 14:00 Not being taken advantage of as a new brand.

16:00 Lessons that may have worked at the first company.

18:00 Getting smart about managing inventory.

22:00 What’s the biggest lesson you’ve taken away? Be extremely passionate about something related to what you do. It’s a long road that if you’re only doing it for the money, and being able to talk about it day in and day out.