Dragons Den returns

[DuaneJackson]

Dragons Den is back on BBC2 this Tuesday (at 8pm I think, maybe 9?)

What do you guys think about it? Love it, hate it, indifferent?

Personaly I think it's great, as long as it's taken with a pinch of salt.

[Jayne]

What is it?

Jayne :D

[Asteeleleith]

Hi all
It would be most unfair of me to vote as i do not know what it is and have not seen it :-)

Al

[stagetec]

I think it's great and I would love to be a dragon 8)

[Asteeleleith]

ok i think i will have to make the effort and watch this then :-)

Al

[webit]

Some friends of mind were going on it but I suspect they ended up on the cutting room floor.

Does anyone know anyone who's been on it (The books quite good by the way but I'm still reading the Risking it All book by M Webb which is also very good book)

[Mark Pocock]

We think it's great.

Trouble with this series is surely it will lose some credibility as the lady from Red Letter Days is there after she had to sell her company this summer.
Peter what 's his name bought it I think.
shame.

will still watch it though.

[webit]

Trouble with this series is surely it will lose some credibility as the lady from Red Letter Days is there after she had to sell her company this summer.

I also heard that she never stumped up the cash for those that she said she was going to invest in but I could be wrong.

[directmarketingadvice]

What I found most informative about DD is the way the Dragons think.
Most of them think like the professional gamblers I've known.

The guys who made money betting on horses would say "never fall in love with a horse, fall in love with a price", meaning that you should only bet when the odds are in your favour (ie the winning probability is greater than the odds on offer).

The Dragons (particularly Duncan and Peter) were focused on working out the likelehood of success (winning probability) and the potential returns.

That would give them a figure for the value for the business. They'd then factor in a profit/error margin and decide how much they'd pay for a share in the business.

If they couldn't get that, they'd walk away. No matter how much they liked the idea.

It's pretty clinical stuff and it's just like the successful gamblers I knew.

I wonder how many business owners have a similarly disciplined approach?

Steve

[SanaerJewelleryCreations]

Duncan Bannatyne...

He gave a revealing interview in the August edition of `New Business`...

1970:trains as a welder...

1980:buys an ice cream van at a car aution and set up a business selling ice cream

1982:his ice cream business is now turning over £250,000 a year!!!!!!!

1986:built his first nursing home in the north-east

1992:his buisness `Quality Care Homes`,is floated on the stock market for £46 million....earning him £26 million!!!!!He then started Bannatyne Fitness,which now has 37 health clubs and turns over £30 million a year....

I believe the ice cream van cost him £450.

Nice work if you can get it.....

Adrian.