Community Chat

[Mominohio]

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@Plaid Pants2 wrote:

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@Jasmine19 wrote:

One of my favorite Shark Tank presentations was the Bedjet. The bedjet blows cool (or warm) air between the fitted and top sheet of your bed. The Sharks had no interest but QVC did. According to the inventors the Bedjet will be sold on QVC soon. I was so impressed by the presentation that I went to the inventor's website to buy one for myself.

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I saw that episode, and I wasn't impressed with the bed jet. 

First, it was too expensive, second, I can buy a queen sized electric blanket, with dual controls for about $150, a heck of a lot cheeper than the bed jet. And electric blanket can also warm a bed in just a few minutes.

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That only addresses half of what the Bedjet does. 

[SahmIam]

Bedjet:

I know a few hospitals that have used a similiar item for 15 plus years. They used one on me when I had surgery almost 16 years ago and they couldn't get my temp to go up and warm blankets weren't working. In came this machine that blew warm air between the two sheets. The nurse told me it could also blow cold.

Hmm.

[qualitygal]

Yeah, have you seen any since they've been on the show?

[PenneyT]

I feel that one of the most important aspects to successful bussinesses is an internet presence that is up-to-date and easy to use.

I'm amazed when a business website neglects to include basic info like hours, phone number, address, etc., or makes it too difficult to find.

[Moonchilde]

Not exactly the types of business you all may be talking about, but there is one aspect of a business going under that is not the fault of the business owner and it's a crying shame.

Take a popular, long-time, well-loved business that balances precariously between prices high enough to keep them afloat and give them a decent profit, and setting prices so high that people stop patronizing them.

Suddenly the landlord decides to raise their rent - to double or triple what it has been - because they're sure some business will pay it. The landlord doesn't want to work with the business owner, so they refuse to. They just want that tenant OUT.

The business usually has no choice but to close, devastating them and their happy long-time customers. Sometimes they can open somewhere else, but not often.

The kicker? The space will either rent and the tenant be gone in six months for non-payment, or the space just sits there vacant. I have seen places in my neighborhood stay empty for 14-16 months because of greedy landlords. There is one 2-story mini-mall that has about 8-10 businesses, that has remained 75% empty for the last 2-3 years as businesses come and go as they keep raising rents.

I can't explain it other than they must be reaping huge revenue loss benefits that more than make up for rent lost. It pitheth me off.

[Tinkrbl44]

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@Plaid Pants2 wrote:

I love watching "Shark Tank", and I am always amused at the businesses that don't get deals. 

The entrepreneurs always seem to say, "The sharks missed out! We are going to be the next biggest thing that the world has ever seen!"

I have to wonder how many of those businesses succeeded on their own, and how many folded, and went out, and failed?

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I have no doubt that they are all coached on what to say when they finish with the sharks ... whether they get a deal or not.

I suspect that a lot of those that don't get deals hear from people who saw the show and may want to get involved.   You can't buy that kind of publicity!

[nrm]

@Plaid Pants2 Probably very few or they wouldn't be on Shark Tank. Have you watched The Profit? It's a great way to learn how businesses work, especially small businesses. I'm pretty hooked on that show. If you like Shark Tank you'd probably have fun watching The Profit. 

[gardenman]

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@Moonchilde wrote:

Not exactly the types of business you all may be talking about, but there is one aspect of a business going under that is not the fault of the business owner and it's a crying shame.

Take a popular, long-time, well-loved business that balances precariously between prices high enough to keep them afloat and give them a decent profit, and setting prices so high that people stop patronizing them.

Suddenly the landlord decides to raise their rent - to double or triple what it has been - because they're sure some business will pay it. The landlord doesn't want to work with the business owner, so they refuse to. They just want that tenant OUT.

The business usually has no choice but to close, devastating them and their happy long-time customers. Sometimes they can open somewhere else, but not often.

The kicker? The space will either rent and the tenant be gone in six months for non-payment, or the space just sits there vacant. I have seen places in my neighborhood stay empty for 14-16 months because of greedy landlords. There is one 2-story mini-mall that has about 8-10 businesses, that has remained 75% empty for the last 2-3 years as businesses come and go as they keep raising rents.

I can't explain it other than they must be reaping huge revenue loss benefits that more than make up for rent lost. It pitheth me off.

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I've seen that a lot locally. A business will be in place and doing well, then have to close due to a massive rent increase. One local business I frequented then tried to build their own place and ran into so many hurdles from the local government that they just gave up and went out of business. If you're planning to start a business and can afford to, you're better off buying a place of your own. Even then property taxes can be increased to a point wrhe you're in largely the same position. 

[Tinkrbl44]

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@nrm wrote:

@Plaid Pants2 Probably very few or they wouldn't be on Shark Tank. Have you watched The Profit? It's a great way to learn how businesses work, especially small businesses. I'm pretty hooked on that show. If you like Shark Tank you'd probably have fun watching The Profit. 

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What network is it on?

[Moonchilde]

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@gardenman wrote:

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@Moonchilde wrote:

Not exactly the types of business you all may be talking about, but there is one aspect of a business going under that is not the fault of the business owner and it's a crying shame.

Take a popular, long-time, well-loved business that balances precariously between prices high enough to keep them afloat and give them a decent profit, and setting prices so high that people stop patronizing them.

Suddenly the landlord decides to raise their rent - to double or triple what it has been - because they're sure some business will pay it. The landlord doesn't want to work with the business owner, so they refuse to. They just want that tenant OUT.

The business usually has no choice but to close, devastating them and their happy long-time customers. Sometimes they can open somewhere else, but not often.

The kicker? The space will either rent and the tenant be gone in six months for non-payment, or the space just sits there vacant. I have seen places in my neighborhood stay empty for 14-16 months because of greedy landlords. There is one 2-story mini-mall that has about 8-10 businesses, that has remained 75% empty for the last 2-3 years as businesses come and go as they keep raising rents.

I can't explain it other than they must be reaping huge revenue loss benefits that more than make up for rent lost. It pitheth me off.

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I've seen that a lot locally. A business will be in place and doing well, then have to close due to a massive rent increase. One local business I frequented then tried to build their own place and ran into so many hurdles from the local government that they just gave up and went out of business. If you're planning to start a business and can afford to, you're better off buying a place of your own. Even then property taxes can be increased to a point wrhe you're in largely the same position. 

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You're in LA and so am I, and it's happening SO much! My heart hurts for some of these places, and as a customer it takes away places I loved and replaces them with either nothing or several couldn't-make-it businesses. And sime addresses are the kiss of death, where nothing ever survives.