Oct
5
Dragon’s Den, an opportunity for businesses
Posted by: admin | October 5, 2011 | Leave a Comment
I was reading the newspaper the other day and stumbled upon an article about two brothers who, in attempt to rescue their father’s beef jerky business from closing down, had landed a $150,000 deal for 50% of the company’s share on the Dragon’s Den.
The ‘Dragon’s Den’ is a Canadian reality television show where entreprenuers present their business ideas to venture capitalists, ‘the Dragons,’ in hopes of securing some financing for their company. This show is a great opportunity for entreprenuers who are seeking to expand their business through securing financing. The show is not only entertaining but also educational in the way where you observe a range of entreprenuers who have started their own business but did not neccessarity have a business education. Many of the entreprenuers do not receive financing mainly because investing in their business would be too risky such as loosing money on a product/idea that wont sell. After watching the show, I realized how useful a business education can be and the importance of having a business plan (something that we learned in the lecture last week).