Another week and another edition of Be Your Own Boss
I like Be Your Own Boss it has a touch of realism that is absent from the Apprentice, and makes far tougher decisions than you see on Dragons Den.
This week there were no surprise Billionaire appearances, but lots of pitches by budding Entrepreneurs As is the format Richard Reed had to choose 3 entrepreneurs to work with with and from the three he will end up investing in one.
For the shortlist, we have a young and very creative dude, who was looking to build a business making cardboard dinosaurs and dinosaur themed greeting cards. There were the hip young twenty-somethings looking to build a social online community around their love of cycling. Last but not least there was an old school inventor, who was looking to to build and sell a car seat, that could turn into a suitcase you can wheel around…Inspector Gadget eat your heart out.
It was tough this week as none of them looked like a real winner. The young dude was creative but seemed to be put off by the nuts and bolts of running a business, the marketing, the sales calls etc. Plus he didn’t really want the cash just guidance.
The social networking guys had really not got anything to show, plus it didn’t help that one of the guys was stuck in America during the evaluation period. They were keen, but the idea seemed more community focused and as Richard probably wanted to say but was too polite…Show me the money!!
The last guy had what on the surface was a cool looking idea child car seat to suitcase. Sounds good but when he said he needed £300,000, I think he left Richard in a state of shock.
Well he had to go with one…Tough call, but he eventually opted for the inventor of the convertible car seat, investing £25k. Cue tears of joy from the inventor, who had already offered to leave his day job if Richard invested.