Into The Dragons Den

Recent changes
Table of contents
Links to this page

Originally an entry in Colins Blog, now one of the random writings

Into the Dragon's Den.

Recent television programmes have shown enthusiastic would-be entrepreneurs pitching their ideas to potential investors, hoping that their idea would enthuse the money holders into being partners.

What was obvious, over and over again, was that they hadn't done their homework.

By the time the third series had come the questions were the same as in the previous series, and yet the hapless inventors still couldn't answer them. The dragons were brutal.

In some cases perhaps overly brutal, and in some cases perhaps too dismissive of ideas that might make it. But even so, in many cases the criticism was well deserved.

A good idea is not enough. Loads and loads of hard work is not enough. Selling to your friends is not enough. To make it you have to have a strong mix of product, market, finance, planning, strategy, sales, and most of all, thick skin.

You can't learn it all from reading. Some things you have to do for yourself.

The idea alone
is not enough!

You need sound advice from someone who has been there, and you need to listen to it. Defend your corner, argue your point, but if you can't convince someone who's done it, don't think they must be wrong.

Some ideas just won't make it in the open market, and yours may be one of them. A solid business is more than just the idea, and you need to be able to see how the business will work.

But if you can do that, the potential rewards are enormous.



Links on this page

Site hosted by Colin and Rachel Wright:
  • Maths, Design, Juggling, Computing,
  • Embroidery, Proof-reading,
  • and other clever stuff.

Suggest a change ( <-- What does this mean?) / Send me email
Front Page / All pages by date / Site overview / Top of page

Universally Browser Friendly     Quotation from
Tim Berners-Lee
    Valid HTML 3.2!