What Are Rokblok Next Step

1. What are RokBlok’s Next Steps? We have started to partner with musicians and other organizations for all sorts of fun projects. We are looking to help continue finding new ways to showcase both RokBlok and the resurgence of vinyl in popular culture. Where Do You See This Industry in 5-10 Years? I believe the vinyl market will continue to grow steadily in the next decade. As music streaming has taken over and CDs are beginning to make their exit, I think the tangibility element of physical music media will be something consumers will want to hold on to for years to come. What Would You Say to People Who Want to Start Their Own Business? The best advice I can give is to not be afraid to try. I meet a lot of aspiring entrepreneurs who have really great business ideas, but are intimidated by making them a reality. I believe a common misconception about business is that the only way to build a successful one is to have years of experience or schooling and lots of money. There are so many different ways to start almost any type of business and you may be surprised to find that the first step is often something as simple as a Google search. I’d say start small. Start cheap. But most importantly…START TRYING. What Advice Would You Give to Entrepreneurs Who Want to Make it on “Shark Tank”? In my opinion, to make it on “Shark Tank,” it would help to have a unique product that demands the sharks’ (and the world’s) attention, a large enough market to sell it to and (most importantly) the ability to hustle and do whatever it takes to sell, promote and support your product. If you can show that you have all of these elements in your in-person casting call or video entry, you could be well on your way to presenting in front of five seasoned investors and 7 million people cheering you on in their homes. If you do make it in front of the sharks, I’d say the most important things are to be confident in yourself, know your product, know your market and most importantly KNOW YOUR NUMBERS. Anything Else You’d Like to Add? Appearing on “Shark Tank” was one of the most exciting (and slightly terrifying) experiences of my life. It’s done amazing things for RokBlok and has opened more doors that I could have possibly imagined. However, in my opinion, being on the show is not the only way to benefit from “Shark Tank.” I believe that watching the show can be very helpful for entrepreneurs to get an idea of the questions you should prepare for when presenting your business (or business plan) in front of investors, potential business partners and even sometimes customers. Questions that you hear all of the time on the show, such as, “How did you determine your valuation?,” “What makes this a business and not just a product?” and even questions about who you are and why you started your business are all questions you will most likely be asked at some point and could be important to have answers for. I think it can be helpful to try to find an episode with a product that is similar to yours, or serves the same market, and try to answer questions the sharks ask the entrepreneur, but as it relates to your business. You may also hear a lot of great strategies or insights from both the sharks and the entrepreneur that is presenting that can be helpful for your business.