What is the concept behind Peppers and Pollywogs? What makes it different from other kids’ party businesses?
Peppers and Pollywogs is All About Kids’ Parties and its
premise is that no matter how much time or money a person has, a great kids’
party can always be planned. My business seeks to show parents how to do
this.
Why a kid’s party planning business? What attracted you to this
business?
In 1997 I was living in Washington, DC and observing how many
over-the-top kids’ parties were being organized. However, there were no
services offered to parents to help them plan these parties within a
reasonable price frame. The kids’ party industry allowed me to follow my
passion for creativity, fun, children and being organized and simultaneously
helping parents with their kids’ parties. It was a win-win!
I read that you
first started Peppers and Pollywogs as a part time business in Washington DC
in 1997. How did you envision the business then?
When I first began Peppers
and Pollywogs, I always thought of it as a regional party/event planning
service for families.
You closed your business, left your full time job and
left the country for three years. When you came back in 2005, what made you
decide to re-start Peppers and Pollywogs? What made it different this time?
Serendipity! I met a partner who had just completed his MBA and written a
business plan around the inefficiencies of the kids’ party market. What are
the chances? What made it different in 2005 was the business was set up as
web-based to empower parents to plan their own kids’ parties. Although I
still occasionally plan parties as I used to, 98% of my business is via the
Internet.
What did you do differently the second time around in terms of
preparations before re-starting the business?
When I launched in 1997, it
was a very grassroots start in that I simply put a flyer out around my
community for kids’ party planning and within a few months people began to
call. In 2006, my partner and I worked to survey our target market, and see
what features, content, etc. they would be interested in for a niche site
like Peppers and Pollywogs. Once this targeted market survey was complete,
we set out to provide content and build a technology platform that made
kids’ party planning time efficient and budget-friendly.
What was the most
difficult part of re-starting Peppers and Pollywogs?
I have always had a
tremendous amount of passion for kids’ parties and the industry. However, I
did make the jump from actually planning kids’ parties in a hands-on
fashion, to writing about planning kids’ parties and thinking through how
technology and a web platform could streamline the process. That is a
different skill-set from event planning in real time. It has been excellent
to gain experience in both.
Do you have partners or investors in the
business?
Yes. The company took in a small round of family and friends
investment in January 2007. During 2006, the founders bootstrapped the
company. We are preparing for our Series A investment round this fall.
How
did you finance your business (e.g. personal funds, loans, etc.)? What were
the challenges you faced while looking for financing during the startup
phase?
During the first year, we used our own personal funds to finance the
business. I believe unless I believe in it and have backed it with my own
money, and seen progress, how could I ask anyone else to risk with me. After
that initial round, we took in a small round of family and friends
investment which has taken us to the next round of funding for growth. Many
early-stage companies take in multiple rounds of funding to grow. This will
be my second.
How big is the business now, revenue-wise (a ballpark figure
will do)?
$100K.
How are you marketing Peppers and Pollywogs?
Early on after
we re-launched the business, I sought to become a media expert on kids’
parties. My first step toward meeting this goal was to self-publish a book
that I could then market via TV spots, interviews, new and traditional media
coverage. The book, Dear Peppers and Pollywogs…, has been a critical piece
of my marketing strategy and has yielded major growth for the company in
terms of media presence and visibility and traffic numbers to the site.
What
are the toughest challenges of running Peppers and Pollywogs?
It’s tough as
a sole founder to know everything, understand everything, and be able to run
all aspects equally. The natural thing to do is to hire consultants or staff
to help you in those areas that are not your strengths, however, you must
also balance limited resources that you have available in terms of time and
your own budget. Knowing where to put the limited resources to fill in the
gaps that are not my strengths is always a challenge…but an exciting one!
Do
you have any business blooper/s with Peppers and Pollywogs? How did you
learn from it?
When I re-launched Peppers and Pollywogs with my partner back
in 2006, I owned fully my realm of expertise and left the other areas up to
my partner to decide on which I did not feel were my strengths, i.e. the
technology platform, advertising models, the company’s financial
projections. By not understanding all areas of the business, I wasn’t as
proactive as I should have been when making decisions in these areas outside
of my own area of expertise. After my partner left, I had to take ownership
for the entire business, even those that I felt seriously unqualified to
take on. However, it has been empowering to learn about my total business in
the past 12 months and steer it in new directions. Certainly, I understand
my entire business now, even if I delegate those parts to consultants and
staff. It’s good to be in the know and to learn if you are not, after all it
is your business!
What do you think are the factors that make Peppers and
Pollywogs successful?
I absolutely love what I do. I love helping people
plan their kids’ parties and come up with ideas that suit all budgets and
time frames. It is really my passion and fun for me and so I have loads and
loads of energy to meet my mission. I also think Peppers and Pollywogs
offers a place for parents and others to come and get information they are
looking for quickly to suit their needs. I also provide a Web Ask-Me feature
where consumers can ask me their questions directly if they can’t find it on
my site. This feature allows me to personally connect with the market.
How
are you balancing a successful business, family and other interests?
It’s
important to find the balance so you don’t burnout. I try to start the day
with some exercise, take some time off on the weekends to be with my family
and explore other interests, and when I am away from my work, I consciously
let my mind have the break. The balance is particularly important because if
you are always engaged with it, things are hard to see from a fresh
perspective.
What are your plans in the next 5 years for Peppers and
Pollywogs?
Growth! Grow my staff, my entertainer/party venue directory, and
card inventory, add features to the site to further help parents plan more
aspects of their kids’ parties, and continue to build my media profile and
brand.
Do you have any lessons you wish to share to other entrepreneurs?
It’s a great ride to be an entrepreneur, but like any ride there are the
highs and lows. Perseverance is the key especially at the very beginning
when you are just starting out and nobody knows who you are or what you are
doing. That’s the time where you get more no’s than yes’s…stick with it…find
people who have been where you are and gain strength from the knowledge that
everyone is doing it by putting one step in front of the other each day. If
you have passion and love what you are doing…the journey is worth it!