96: Franchising And Shark Tank As A Mother Of 3 With Megan Reilly Of Tippi Toes

<p><span style="font-weight: 400;">On this episode of the Franchise Secrets podcast, Erik is joined by Megan Reilly, the co-founder and COO of Tippi Toes Dance. Megan shares her experience running a business as a hands-on mother of three daughters, as well as appearing on Shark Tank. </span></p> <h2><span style="font-weight: 400;">Appearing on Shark Tank isn’t a silver bullet</span></h2> <p><span style="font-weight: 400;">Megan takes Erik on a deep dive into her appearance on Shark Tank, including how she and her sister prepared and what she’s taken away from the experience. She also shares some behind-the-scenes information about how the deal they accepted on the show eventually fell through after the cameras were finished rolling.</span></p> <p><span style="font-weight: 400;">This is the perfect episode for working parents, those that want to franchise their business the right way, and anyone potentially thinking about appearing on Shark Tank.</span></p> <h3><span style="font-weight: 400;">Listen to Erik and Megan talk about Shark Tank and parenting as a business owner:</span></h3> <p><strong>Introduction</strong></p> <p><strong>Being a mom and running a business (2:06)</strong></p> <p><span style="font-weight: 400;">Megan talks about her three daughters and touches on both the hurdles and advantages of being a hands-on parent while running a business. From having conference calls with kids screaming in the background to educating them about business, Erik and Megan talk about their children and some of the ways they’ve helped them form business ideas.</span></p> <p><strong>Knowing when to take a break (10:37)</strong></p> <p><span style="font-weight: 400;">It can be easy to get into the routine of working to build your business but one of the hardest things for business owners can be knowing when to take a break. Erik and Megan discuss what their own tells are.</span></p> <p><strong>Starting Tippi Toes (12:25)</strong></p> <p><span style="font-weight: 400;">Megan shares the story of her sister, Sarah, starting