Wednesday, 23 July 2008

Dragons' Den

I’ve been looking back over my blogs this week and realised I have never discussed the UK TV programme “Dragons’ Den.” The sixth series has just started on BBC 2 and for those unfamiliar with the concept the programme sees up and coming entrepreneurs and inventors pitching their ideas to a panel of rich investors in the hope of getting one or more of them to invest in to their idea.

I like this programme as it takes you the viewer through the process of pitching an idea and what the experience can be like. So as well as being entertaining it is also educational. It shows you how important your presentation skills are as it is not always the best business ideas that do well but the ones that are well presented normally fair well.

The first episode of the new series also linked in to my many blogs regarding the changing scene of the music industry. The episode saw Peter Jones invest £75,000 in to a band called Hamfatter who had come on to the show looking for money to produce their new album in return for giving away 20% of future profits from music sales. It was brilliant to see a music group go on a business programme and show a different route to success in the music industry. With not even having to have a physical CD in the shops to get in to the top 40 gone are the days where you need a record label to achieve success. With a good product, good promotion and money behind you, you can achieve great things in the music world. Following on from the show Hamfatter have been getting interviews and press coverage everywhere so not only was it a good financial decision but also great for PR.

I enjoy the show as it is very inspiring to see people who have nothing but an idea and a desire to take that idea to the next level putting themselves out there to achieve the next level of success. I think there is an inventor and entrepreneur inside of us all and I love seeing what people from across the UK have come up with and designed. With wages not going up in line cost of living on the whole being an entrepreneur is a way of escaping low salary jobs but with the credit crunch hitting the business world some would argue it is even harder to be an entrepreneur in today’s climate.

Dragons’ Den is a great programme to watch if you are thinking of starting up a business as it will give you some basic ideas and knowledge. Dragons’ Den also provides many talking points which are discussed the next day in work places, schools and the media. It’s good to see what other people thought of ideas and businesses to see if there was something you overlooked. Getting people talking about investment, inventions and enterprise is great and a lot better than people talking about shows like Big Brother and Eastenders.

Do you watch Dragons Den? What do you like about the show? Ever tempted to apply to go on? We want to know and you can share your views by joining in our topic of the week:

Adam Sibley
Founder of the Talented Young People organisation
"Envisage it, Believe it, Achieve it!"

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