Originally Posted by george.millman:
“Lord Sugar didn't go with Tom's business plan, he went with Tom himself. The business plan was changed; they didn't use the chair business.”
OK I perhaps should have made myself clearer. I think he went with Tom based on his ability as an inventor, NOT on his ability as a businessman/ his performance in the actual tasks etc..
I see they are actually selling Tom's nail file product now and Suggsey is even tweeting about it as a product, trying to flog them for fathers day! I'm not saying Tom was a bad candidate, far from it, but for me there is no way on earth he was the best all round business candidate, he just had the best ideas.
Originally Posted by lammtarra:
“In Tom's series, the change of format seemed to happen part-way through the series, so Lord Sugar's judgement could have been swayed by business plans that had not yet been written. In any case, the nail file was not mentioned in Tom's business plan. Remember that although Tom lost a lot, he was not taken back in to the final three which means, first, that his PMs did not blame him for defeat, and second, that Lord Sugar could not have fired him.
Helen would doubtless have won the old prize but iirc the cloud had a silver lining and Helen was taken back by her old employer with a big promotion and salary increase.
Now, Lord Sugar has, we are told, approved all of the business plans, so the question is whether he thinks each person is capable of successfully implementing their plan and making a profit.
On one of the Dragons Den end of series roundups, it was said that in most cases, the people are more important than the idea. If you look at the Dragons themselves: Theo owns shops; Duncan has gyms and nursing homes; Deborah ran a holiday camp. Nothing new or innovative there.
So we should take the boardroom at face value. The question is not whether (say) Kurt's milkshake idea can make money but whether you'd be prepared to trust Kurt to run it and not spend a quarter of a million quid on napkin-sized flags or flag-sized napkins.”
A very good post, and I actually agree- I probably should not have focused on the business plan's per se. I agree they are investing in the person not the initial business plan.
What I meant to say was I believe Sugar had already bought into Tom's ability as an inventor, a fair way before they got to the final.