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If
you've ever had an idea to make money, Dragons' Den is THE show to
watch. All manner of money-spinning minds will step into the
intimidating world of business financing, determined to make their
dreams come true. All they need is the cash. To get this, they must
face the Dragons, all of whom are formidable business thinkers with
the money to make things happen.
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Presenter
- Evan Davis
Top
pitching tip - Understand the weaknesses in your pitch
before the investors point them out to you.
Cardinal pitching sin - Failing to remember the key
numbers in the business plan. (Or
not even having a business plan!)
Motto - Honesty pays.
Evan
worked at the Institute of Fiscal Studies and the London
Business School prior to joining the BBC as an economics
correspondent in 1993. He's now the BBC's economics editor.
He
helps to shape the extensive BBC coverage of economics across
all the corporation's outputs, including online and has won
several awards including the Work Foundation's Broadcast
Journalist of the Year award in 1998, 2001 and 2003, and the
Harold Wincott Business Broadcaster of the Year award in 2002.
Evan
studied philosophy, politics and economics at St John's
College Oxford and he has a Masters of Public Administration
from the Kennedy School of Government at Harvard University.
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DEBORAH
MEADEN | DUNCAN
BANNATYNE | PETER
JONES | RICHARD
FARLEIGH | THEO
PAPHITIS
Entrepreneur's
Picks - Essential links for business information.
The
product
You have to be doing something unique. If you're opening a sandwich
shop, remember there are a thousand other sandwich shops. What makes
you different? If you can't say, in one single sentence, what makes
you different, then you don't have a difference. If it's too complex
to explain then it's probably too complex to understand. Know what
makes you different.
The
Investor
The first thing a person has to understand when pitching a business is
what an investor is looking for. An investor is asking three
questions:
The
Partnership
Investors are not your enemies. Investors are your partners. When you
sell a part of your company, what you're doing is getting married to a
stranger for a very long time. Be prepared for that. If you don't like
them from the outset then the chances are you're not going to like
them later. Even if you think you might get along with them, bear in
mind that if you commit, you're committed for a long time.
MONEY
FINDER
LINKS
There
is a wealth of information out there for budding entrepreneurs and here
is a list of some websites that can put you in the picture.
BBC
sites
BBC Business
Home Page Central resource for business news, programme information
and money advice.
Start
a business A BBC consumer guide to starting out.
Starting
your small business A BBC News guide.
Getting
Started A ONE Life checklist on starting up your own business.
Working
Lunch BBC 2's daily taste of the latest developments in business and
personal finance.
Radio
4 - In Business Radio 4's weekly look at trends and developments in
industry and the world of work.
Five
Live - Wake Up to Money Find information on setting up in business,
managing money, personal finances and career moves.
General
-
Business
Link Business Link is a government funded agency that provides
information, advice and support needed to start, grow and maintain a
business.
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Business
Gateway Business Gateway is the Scottish equivalent of Business
Link, delivers an effective one stop shop to help you grow or start
your business.
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Regional
Development Agencies Regional Development Agencies are strategic
drivers of regional economic development. They promote business
efficiency, investment and competitiveness and develop skills for
relevant employment.
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Women's
Business Development Agency Women's Business Development Agency
provides women with the specific support and advice they need to
start and sustain their own business.
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Enterprising
Britain 2006 A nationwide competition to find the most
enterprising place in Britain, promoted by the Small Business
Service, an agency of the Department of Trade and Industry, and
offering information and best practise on enterprise.
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The
British Library The UK's national library holds vast business
research resources in its Business and IP Centre in London. Access
to the resources is free.
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The
UK Patent Office The UK Patent Office is the UK body that is
responsible for copyright, designs, patents and trade marks.
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Intellectual
Property Intellectual Property offers all the resources needed
to find a way through the IP jungle of copyright, designs, patents
and trade marks.
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Chartered
Institute of Patent Attorneys A non-profit advisory service with
a mass of information on patents as well as a directory of
registered patent attorneys around the UK.
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UK
Trade and Investment UK Trade and Investment is the Government
organisation that supports companies in the UK doing business
internationally and overseas enterprises seeking to set up or expand
in the UK.
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HM
Customs and Excise HM Customs and Excise is responsible for
collecting the bulk of tax revenue, as well as paying tax credits.
It offers free advice on tax, PAYE and VAT returns.
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ACAS
ACAS is the Advisory, Conciliation and Arbitration Service which
can offer impartial advice on legal queries, working with employers
and employees to solve problems and improve performance.
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Prince's
Trust The Prince's Trust a charity that offers financial and
practical support, mentoring and training to 14-30 year olds.
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Learn
Direct Learn Direct offers free personalised career advice
through a network of online learning centres across the UK.
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Small
Business Advice Service Small Business Advice Service offers
free online advice to small businesses.
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The
Department of Trade and Industry Working to create the
conditions for business success and help the UK respond to the
challenge of globalisation.
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The
National Federation of Enterprise Agencies A network of
independent, not for profit local agencies committed to responding
to the needs of small and growing businesses by providing a
comprehensive range of services.
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Enterprise
Insight Help for business ideas and the organisation promoting
the annual Enterprise Week initiative.
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Chambers
of Commerce A national network of quality-accredited Chambers of
Commerce with links to businesses of all sizes.
SolarNavigator
is to be equipped with the SNAV intelligent autonomous navigation
system. This system is thought to be the only system under development
that is COLREGs
compliant.
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