Mike O'Dell, a nurse anesthetist, balances his demanding medical career with his passion for quilting. He founded Legit Kits, a company specializing in quilting kits, in 2020. Seeking to expand his business, O'Dell appeared on Shark Tank, pitching for $150,000 in exchange for 5% equity. While Kevin O'Leary offered him the deal, the investment ultimately fell apart. O'Dell reflects on his positive 'Shark Tank' experience and the valuable lessons learned.
He was a creative and a risk-taker — not exactly qualities that mesh well with anesthesiology, he said on last week's episode of ABC's"O'Dell works four days per week at a hospital, and one day per week on his quilting company — though he has employees who work on Legit Kits while he's working as a nurse, he tells CNBC Make It. Keeping Legit Kits a side hustle"forced me to build a company that can run without me there," he says.
For Jamie Kern Lima — the co-founder of IT Cosmetics, and a guest Shark on the episode — and Greiner, this signified an inventory management problem. By keeping track of so many different products, O'Dell would struggle to predict what customers would buy, they said.
Entrepreneurship Health SHARK TANK ENTREPRENEURSHIP NURSING QUILTING BUSINESS INVESTMENT
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