Hi friends, hope we’re all keeping well.
I’ve lately been watching a lot of Dragons’ Den recently, which is basically the UK equivalent of the American programme ‘Shark Tank’, and my God does it have me absolutely hooked. For those of you who don’t know what either of those are, both reality TV programmes are about new entrepreneurs pitching their business ideas to a panel of venture capitalists in the hopes of securing investment finance from them. Of course, this also means they would have to give a share of their business (equity), away to the investors, should a deal be offered, which may sometimes be a huge amount and is the primary focus for intense business negotiations.
While the drama should arguably be the focal point of the show, the whole business aspect is by far the most interesting to me. It’s thrilling to see the Dragons grill the entrepreneur about their business model, turnover, market position, competitors, USP, product design etc. And let the entrepreneur pray to God that they don’t forget any of those figures or pieces of information, lest they run the risk of walking away from the den without any investment at all. Like I said, it’s an absolutely riveting show.
Ever since I was a kid, I’ve always had an interest in business and entrepreneurship. I remember trying to pawn some of my unused toys and sell homemade comics when I was in primary school. And later on in secondary school I even wrote two ebooks to try make some passive income (both completely flopped). This blog was originally meant to be purely for monetisation purposes too, but I’ve put that on hold for now and would just like to build up an audience first I think.
I’ve recently been talking to a course mate of mine, and we both discussed potentially working on a start up project this summer. He thinks it would be a cool thing to put on his CV and for experience, while I definitely would like to try out my programming and entrepreneurship skills. Watching this show has given me a tremendous amount of motivation to go ahead with the project, and I’m honestly so excited for it.
At the end of the day though, why do I want to be an entrepreneur? I think the main reasons boil down to financial security, an interest in business, and being able to have an impact😃
This was by far one of my most random posts I feel. There wasn’t much structure, and I just wrote what was coming to my head at the time. But it does come from the heart, and I seriously wish to do something related to business and entrepreneurship in the future. So, I suppose this post will be an immortalisation of those feelings and reasons.
Thanks so much again if you made it this far, stay safe!