BEST OF: Megan Reilly: Life Lessons in Parenthood and Entrepreneurship

Megan Reilly is the COO and co-owner of Tippi Toes®, an international franchisor of children’s dance. For more than a decade, Megan has helped franchise owners build and grow their own businesses around the world.

Megan and her sister/business partner Sarah appeared on Shark Tank, where they were awarded a deal by Mark Cuban. They decided to decline the deal and grow their business on their own, and have since built 35 franchises, written and published children’s music that’s hit the Billboard Charts, and reached number 1 on iTunes. She is also the creator and host of the Who Is Your Momma Podcast, where she speaks to the mothers of some of the world’s most successful CEOs, athletes, and entertainers.

This Episode’s Heavy-hitter’s:

Tippi Toes was actually founded as the result of a college football game. Megan’s sister Sarah was working as a waitress and wanted the day off to go to a game. When her boss told her she wouldn’t have a job when she came back, she called their bluff and got fired. All at once she had to keep paying her car note– and Tippi Toes was born.

Megan actually became a licensed dietician even though she knew early on that she wanted to grow Tippi Toes with her sister. Her education and certification served as a safety net that allowed her to pursue Tippi Toes with full-force, knowing that she would always be able to find a job if she needed it.

Megan’s family actually applied for Tippi Toes to appear on Shark Tank without her knowing. Although she ended up not taking the deal that Mark Cuban offered because they weren’t able to negotiate agreeable terms, she remarks on Cuban’s receptiveness and communication throughout the process.

Franchising was never necessarily the goal for Tippi Toes, but after a trip to the West Coast that didn’t go as planned, someone recommended that they franchise and the wheels started turning.

On her podcast while speaking with Sarah Blakley’s mom, she made a realization about promoting creativity with her kids by creating structured time to always find something to do when they tell her that they’re bored.

For more, check out https://www.tippitoesdance.com/ and her podcast, Exclusively on the FREE BYLR RADIO APP

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