Hi, everyone, im jj ramberg and welcome to your business, the show dedicated to helping your Small Business grow and happy valentines day. They say a picture is worth 1,000 words, but surprising your special someone with sexy pictures might be worth a thousand more. So this seemed like the perfect day to profile a company weve been watching grow for the past couple of years, a company that focuses on boudoir photography. Are you nervous . Im nervous, yes. What are you nervous about . Posing and lingerie. Its revealing, im not used to it. I like to call myself a phototherapist. Instead of a photographer. Im not a therapist. Im not guaranteeing that. There is certainly for the right woman whos open to the experience something therapeutic that goes on here. The images are a souvenir of that experience. Turn your head toward the window. Beautiful. When Jen Rosenbaum started generations photography eight years ago, she had no idea that her boutique boudoir photography business would grow into something much more than simply taking sexy pictures. I think people assume its about sex, women taking off their clothes and being looked at like an object. But to me its about exploring femininity. In 2008, jen discovered she had a knack for making women feel comfortable in their own skin. A friend suggested she tag along on a boudoir shoot, she found her calling. She wasted no time getting started. Taking glamorous pictures of women in a mikeshift studio she set up in her own bedroom. There were a lot of naysayers at that point that said you cant do that, its not safe, its not smart, why would you want people in your bed, what are you doing . I just tuned everything out, said, i dont care with this is what i want, it doesnt matter. I dont care what you think, this is what i want. Her cando attitude translated into a very savvy grass roots marketing campaign. Newly engaged women planning their wedding. Tell me about the cool girl principal. Pretty much how i started my business. I knew that i had to reach other people to talk about me. It is hard to go out and talk about yourself. So how do i build an army, almost, of enthusiasts to talk about me. So i went online on a wedding board that i knew, because i was on there when i was getting married. A message board . Yes. This is before facebook. During that time i ran a contest. It didnt really matter who had entered the contest, im not going to lie. I already knew the two cool girls were going to win. Those are the girls that everybody looks up to, they want to be like. They emulate. Those girls won. And part of the idea of the contest was i will take pictures of you for free, but you have to post them, talk about me, and tell everyone about the wonderful experience you had. Which of course was the truth. And they went on and did it, and it was like a snowball effect. Business was booming. Just three years after starting generations, she had more clients than she could handle. She had outgrown her bedroom and rented a studio to do her photos. Her schedule was gruelling and this was not the business she wanted to run. She decided the time had come to dramatically restructure and raise prices. I was working seven days a week, a million hours a day, and not making as much money as i wanted. So i raised my prices quite dramatically and dropped the amount of clients that i could take to about 50 a year instead of 300. I went from 300 clients to zero. I remember laying next to my husband one night. I said to him, maybe my email forum is broken. Can you fill out the email form and see if its still working on my website. He went and filled it out, and of course my email goes blink. I was like, oh, man, its working. After a few months of nail biting, things slowly started to pick up again. It was a Pivotal Moment for me. I had to keep saying to myself, this is what separates the men from the boys so to speak, the women from the girls, this is what separates true entrepreneurs, people who struggle through the tough times. The price change and extra time allowed had her to tackle one of the biggest issues with her business. She didnt want to hire other photographers so her ability to make money taking pictures was limited. If she really wanted to grow revenue, she had to pursue other ideas. She expanded her business beyond just taking pictures to teaching boudoir workshops, creating howto guides people could purchase on her website and eventually it also led to sponsorships in the photo industry. How is this split in your business from taking pictures to all the other stuff you do, the seminars, workshops, sponsorships . Its about half and half right now. Its important for me to do this. I cant teach other people to do it if im not doing it. I enjoy it. Its why i got into the business in the first place. I enjoy kebting with clients and doing the work. Other side of it and the other income, some of it is passive income is important to me because it allows me to have Work Life Balance and take a day off and play hooky with my kids. With her schedule in check, her singular focus with all things relate todays boudoir photography has paid off, making her the goto person on the subject. I think because i specialized so early on i was one of few photographers doing that. I was starting to gain recognition and notice from the photography industry. Not just for my frfy but for my message and the fact that it was all that i was doing. When you think of american innovators like steve jobs and mark zuckerberg, you might assume they were born with a gift that the rest of us just dont have. Not true says a claim professor adam grant at university of pennsylvanias Wharton School of business. In his new book, originals how nonconformists change the world, professor grant shares the secrets of successful trail players and explains how you can become one. Heres nsbcs willie geist. Adam grant is teaching some of the youngest business ninds to be productive. Some of you are having way too much fun with this. The first step to a original idea, he says, is to poke a hole in the status quo. Originality starts with looking at the world around you and seeing something that nobody else saw. Its taking the leap. Not only to have the idea but making it a reality. In 2010, four of his professor did just that. They wondered why a pair of eyeglasses should cost hundreds of dollars. That question and the answer the guys found gave birth to the popular Eyewear Company warby parker. They said we would like you to invest in this company to which you said no, im not interested in investing. That hurts right now, doesnt it . They were just valued at over a billion dollars. Now my wife handles all of our investments. 1. 2 billion to be exact. The warby moment was an inspiration for grants book. He set out to investigate what he had missed about his students and their idea. I thought that all original people were daredevils, but most successful, entrepreneurs, anybody who champions an original idea, most of those people hate taking risks. They like playing it safe. Another finding . That socalled experts dont always know best. We all know seinfeld as one of the most successful tv shows of all time, but executives and test audiences were ready to leave it for dead before the show ever saw the light of day. The show is about nothing. But a lone nbc executive whose focus was not sitcoms thought jerry, elaine, george and cramer were worth a shot. He came from the varieties and specialty department. He was working with all different kinds of formats of shows. When watching the show, he experienced it. It made him laugh. He said at the end of the day, people watch a show that makes them laugh. So what does it mean for you and your original idea . Professor grant has a list of suggestions. First, take your ideas to disagreeable people. Those are the people that are going to challenge your ideas more or criticize you more which will help you improve the idea. Dont be afraid to procrastinate. Productive procrastination is waiting for the right time to act, not rushing in to saying i have to make progress or i have to get this done but giving yourself the full window to allow Creative Ideas to incubate. Make time for leisure hobbies. Nobel Prize Winners are 22 times more likely to have b a performer, actor, magician, dancer, than anyone else. Why is that . Part of it is a reflection of having a strong sense of curiosity, and the same curiosity that leads them to explore directions in their science work leads them to interesting artistic hobbies. But who knew the secret to your success is in your web browser . It was about how you got the browser. If you wanted chrome or fire fox, you had to download your new browser and take initiative. Thats Like Initiative in your idea. I dont like to brag, but im a chrome user and i have been since before i read this book. My work here is done. Leveraging all of the Different Social Media platforms to market your Small Business can get overwhelming, i know, but you will love these five new tools kurt sieve ink. Com that promise to take you from novice to expert in no time. One, notifier. Paste the url 6 your blog post into the search box and the site scans your post to find the twitter handles of the people you mention letting them know theyve been featured is a great way to promote content and connect with influencers. Two, pablo 2. 0 is the upgraded version of buffer social media Image Creation tool. You can create great images that mix photos and texts for pinterest, instagram and facebook. Blab lets four people talk on camera multily and letting other people interact. Four, if your brand has come to rely on instagram, check out latergram. You can manage multiple accounts and upload from computers instead of just from a mobile site. And five, crate is a curation tool that lets you build a Digital Library of topics, influencers and key words that pertain to your brand. The site creates a social graph from your bookmarks that shows you what of that content performs best on social networks so you can repost it. The online lending space is very interesting. Its an industry that is evolving and becoming a real alternative for Traditional Bank loans. Here to tell us more about how it works, when its appropriate for your business and the likelihood youd be aof proed is the sam grazianno. It is so good to see you. Thank you for having me. It is fascinating to see how this has grown in even the last four years since you started. I think technology has a lot to do with that. But it is also sort of where the banks want to participate in the Small Business lending market. By and large, online lenders, whether its consumer, commercial or finance are here to do what the banks will or cant do. Do most people come to you after they have been turned down by a bank or are people coming to you first . There is two types of customers we serve. The under banked, those that dont approach their bank, dont feel they will be successful, or they have been turned down. And were there to provide that capital to a customer that cant qualify for Bank Financing and the other segment is customers who are supplementing Bank Financing meaning they have a line of credit or a longterm loan in place but they need to do something opportunistic with the business and were there to provide the additional capital. Lets talk about when someone might come to you. Working capital . Sure. Working capital really means short in cash. You know, if you read the federal reserves most recent study, it says the leading challenge that Small Businesses face is managing uneven cash flow. So managing uneven cash flow meaning its hard to predict the cash flow and, therefore, you need flexibility an leading product those customers want is a line of credit. The challenge with getting a line of credit is its a difficult product for a lot of lenders to offer. Why . Because when things get bad in the economy, everybody pulls on that line of credit and the ship has sailed at this point. How quickly can this get approved . I had a friend that a Natural Disaster took place overseas where his company is based. He says i need a loan tomorrow. Relatively substantial. He had a good track record with his business. Would someone like that come to you . Sure. We funded loans between the hours of 9 00 and 5 00 so the transaction came in at 9 00 in the morning and by 5 00 it was funded. Thats not typical. What we say is the business, were usually waiting on the business rather than vice versa. They have to provide information in addition to what our technology can do to allow to us put that capital in place for the customer. Thats really the fundamental difference between Bank Financing and online financing. Bank financing is obviously the cheapest because they have the cheapest cost of capital and on the other hand, online lenders who are efficient and quick because they use a lot of technology and theyre willing to price for different types of risk. So if im looking to expand my business, right, i need a land to open up my second restaurant, why would i come to you instead of a bank . So what i would say is most often, the bank if that customer had a Bank Facility in place, chances are it might be a line of credit or Something Like that. And the customer doesnt want to exhaust that resource because they want to keep that in place. They say to themselves, okay, well, no other bank is going to offer me a loan beneath that first loan i have. But we would. Why . Because we lend to customers based on likelihood of repayment rather than knowing were first in line if something goes bad. Got it. Then again, people are coming to you for all kinds of things that they would go to banks for. Refinancing. Sure. Refinancing is very common, the most common reasons we see are working capital, refinancing higher cost debt or expanding the business which could include equipment from time to time. I need to go by a brand new big machine, i go to you and get it. In general, you said you could do it in a day but how quick is it and how likely is it . What do i need to have in place so you approve it . The great thing about a firm like ours and others we compete with is theres not a lot of barriers to finding out where you stand. We start with applying some technology to sort of render an issue decision rather than collecting a whole bunch of paperwork, looking at that, then sort of maybe checking your credit score. We do all that up front. We can tell you rather quickly, hey, its just not worth your time because youre unlikely to qualify for us or this looks good, lets get more information from you. The information we collect really depends on how much youre looking for. If youre looking for less than 100,000, its as little as a few months of bank statements. If youre looking for more than that, same thing, maybe a tax return for the most recent year and year prior. You go up the scale, we ask for more and more. Is this all online or am i talking to a person. Its all online in terms of getting the application started, providing us with information but we always render a dedicated Relationship Manager to every transaction. We believe and studies would show Small Businesses value relationships. We try and give that to them. Our Relationship Managers can manage a lot of relationships because of the amount of effort that goes into any one particular transaction. There are a bunch of online lenders now, the industry is definitely growing. How do the Interest Rates vary between them. Price at the end of the day is driven by a number of factors, likelihood repayment, if the customer stops paying with be the likelihood of getting many back and the costs it requires of a lender to have access to that capital. Its quite varied even within your own business and then across businesses as well. Yes. Sam, thank you so much for stopping by. Thanks for having me. Flower and chocolate and wine shops go crazy shipping out gifts for valentines day this time of year. As fun as it is to send something to someone you live, one thing you miss out on is seeing their reaction when they open it. Our elevator pitcher has found a solution to that. Lets see if our panel loves his idea. Nisa amoils is an investor with new york aingers. Ryan harwood is the ceo and founder of purewow. A Specialty Company that specializes in womens lifestyle content. Im jason. Im the founder of a company. A special occasion comes up, you want to send a personalized gift to a loved one but youre away from home and cant see the reaction when they receive their gift. Bite size moments solve that. They can up load a video message. We hand deliver the gift, show the message and capture the reaction. You receive a private video of your special moment, they can upload to your social media. Were only company in the u. S. To offer this type of service. In order to scale, were partnering with companies to license our equipment and technology. Weve already partnered with four companies and were currently in talks with a major retailer to distribute our Delivery Service in over 1,200 stores worldwide. Were currently raising 250,000 for a 33 equity stake in our company in order to bolster our team, in order to purchase more equipment and also to improve our i. T. Infrastructure. Good job. All said with beautiful roses that youre holding. All right, guy, ill give you this. If we can get two numbers from you. One what did you think of the product from one to ten and two, what did you think of the pitch from one to ten . Congratulations so far. It sounds like you are hopefully close to securing this big deal. Absolutely. Okay. Lets hear it. Nisa . I thought you did a great job on the product, i gave you an eight because i think this is very unique and its a great use right now of the technology thats available and its using technology to bring people closer together. So i think thats always very important. And i think a lot of retailers would actually really use the product. On the pitch i thought, you know, great job. If you could elaborate a little bit more about the Business Model and how you make money, know you only have 60 seconds but that would be helpful to me because im left with so many more questions. Ryan . Great. On th