Spark Tank is a concept innovated and crafted by Marc Sparks and Lynne Sipiora. The two have worked together and grown in business for over 15 years, facing challenges and obstacles, and gaining the experience and knowledge of how to face and overcome the various business obstacles and challenges one can face in business.
The two were convinced that there are great entrepreneurs in the society with impeccable ideas that can promote social success when funded. This is how Spark Tank came to be. The program aims at funding grants while ensuring accountability.
For one to qualify to apply for this program, there are some restrictive qualifications they must attain first. The applicant must have a history that is at least two years old and has to be a 501c3 organization member. Animal services, human services, the arts, are all eligible for the program.
The National Charities, Political Action Committees, faith-based initiatives with religious purposes and, United Way Charites, are however not eligible.
How the Spark Tank concept works is simple. The social service executives who have the spirit of entrepreneurship register, and present their tactical and strategic business and communication development ideas in the program. The best and impressive ideas give the owners a chance to work with marketing experts. Learn more about Marc Sparks: http://whoismarcsparks.com/
The presenters are each given 10 minutes to make a presentation for their project. This is done in front of a judge panel. Another 10 minutes is programmed for the judges’ questions and feedback.
The presentation has to be made in a certain way for effectiveness. The presenters must ensure that with every visual they use, they must make a point. This is to avoid wastage of time with things that do not really matter. The story they tell with their data must also be legitimate.
A well-presented and legitimate data makes it easier to win the interests of investors. Presenters should also consider keeping it as simple as possible. The complicated a presentation is, the more it loses its logic and interest from the investors.
Also for every idea being brought, the entire team behind it should be brought to the presentation. A team presentation goes a long way in showcasing the passion, professionalism and the drive a team has.
For those with interesting and world changing ideas, Spark Tank is just but the right place to get the ideas out and build them into a success story.
Marc Sparks is an entrepreneur, a businessman and venture capitalists from America. He acts as the head of Timber Creek Capital while maintaining multiple portfolio companies. Marc Sparks has been in the business sector for a while, owning and operating several businesses including real estate, business solutions, and venture investing.
He has been involved in several philanthropic activities aimed at giving back to the society. He also has a book he is working on entitled ‘The Can’t Eat You’ that gives a summary of his life and gives a trace of the path to success.
Follow Marc on Twitter.