Originally Posted by
lightdragon:
“I would like to know the business plans up front. Then I can start ticking off my bingo card early with ideas such as "expansion of business", "not owning the entire business proposed", "zero exclusivity" and my favourite one "solution to a problem that doesn't exist".
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The problem is that the candidates will probably never have had honest feedback from anyone about their performance.
You get the same on Dragon's Den - people whose only research is "Friends and Family" who think the idea is brilliant, then get shot down in flames for the reasons listed above.
The TV production needs to keep the candidate's business ideas largely confidential (to probably prevent "fired" candidates nicking the final ideas for themselves) so there is no detailed scrutiny at an early stage.
Anyone wanting clear advice on new business should read works by an American called Wilson Harrell. He was an Entrepeneur in the 50's and 60's - the time era of "Mad Men" and was a great character as well as a successful business owner.
He suggested going to a local shop with your "new product" and putting some on the shelves. If they sell out, you know you have a winner - if not , then cut your losses.
You could do the same with a shopping channel these days.
But in launching the company in the final task it actually dawned on Joseph that some things would not work in his plans, so he made changes.
Vana's business also had faults but she chose to ignore them or try to cover them up