“ BBC2 Reality Show / Entrepreneurs pitch their ideas to seek investment finance from five top business experts „
It's quite a simple premise really, a person with a product comes on and simply begs for money. Money that the business Dragons have put up themselves, in fact bundles of it can be seen just sitting on the side desk next to them. The person with an idea stands in front of five highly respected and successful entrepreneurs and presents to them why they should invest in their company. Its really as simple as that, but of course there is a slight sting in the tail as well, to get the requested investment the person presenting has to give away part of their company and effectively in some cases make it joint ownership of the business, usually this is an underestimated percentage and the figure is always lower, not only does this mean the company is valued at a higher rate but also means that negotiations can be started to gain a upper hand in the business and the potential of making some money. Basically making money is the root of the program itself. The investments range from £20,000 right up to £250,000 and its usually the most entertaining that is saved to last in the overall formatting of the program.
I think the BBC have a very good show here and the fact that it has been running for what seems like more than the nine years its actually been on TV, this is due to the continuous repeats on Dave means the show can be watched again and again from the beginning. However with the fact that some of the party of five Dragons just tend to tear the person presenting to bits is quite unfair and this is usually where the "alpha-dragon" Duncan Ballantyne plays up for the camera. He is one of the five faces on the panel and to be honest doesn't come across at times as someone who I would want to do business with in regards of "buying" his experience and networks to escalate the success of my own business. Although in real life he is an extremely successful businessman, the approach he takes even when the presentation is good and the figures solid does give a certain projection of his character to me and also the acuteness of his body language shows what he is thinking.
The remaining Dragons are made up of Peter Jones whose primary area is retail, Deborah Meaden whose area is mainly leisure, Theo Paphitus who again is mainly in retail and the new Dragon - Hilary Devey, who in my mind is the most friendly of the five and when presenting builds a rapport when them that the others seldom do when asking questions about the business. It goes without saying that the people who arrive to showcase their wares vary in skills that they project as presenters. This is really the catalyst for the way in which they are treated and the manner in which the opportunity goes, it does make good TV to see a person literally wishing the ground would swallow them up with regards to the way in which the time they have spent discussing the product has gone badly due to a single error in their accounting or the fact that the product itself hasn't been patented, thus leaving the product open to be copied and even bettered. Of course there is even a flipside to this and this involves the offer from the Dragons being denied, I personally love it when this happens as it's a simple case of the person not wanting to give up his equity in his business. In some cases this has been the better option as the product has been taken up by a number of resellers and made the person a hefty profit in sales. A good example is one from an early series where a puzzle was created and after they rejected the Dragons offer, the product was taken up by Hamleys as well as Tesco and became a best seller. Another example is Reggae Reggae sauce, a home based recipe that was sold at the Notting Hill Carnival by Levi Roots. Now stocked in every major supermarket chain!
Its painfully obvious at time that the Dragons are in this for themselves and the prospect of actually having to go on a show like this frightens me for two reasons. Firstly the fact that I would have to present in front of them, this on its own is something that I would easily label a high risk given the fact the cameras are on them all the time. Secondly, I'm not sure if I would want to deal with them after. Okay they are a shareholder in the company, and they will effectively take over is something that I would find quite claustrophobic in nature!
Also it has to be factored in that you could potentially get a situation where more than one Dragon will bid for the equity as well. This leads to some very interesting conversations that usually ends with the presenter of the product choosing one and the other Dragons reeling at their loss, more often than not verbally but a usual stare at the successful Dragon means a thousand words and it is a case that the person has to leave with the money they asked for or else they leave with nothing!
Afterwards whether the level of success can be measured by failure or receipt of the money as a success, the inventor or owner of the idea is interviewed. With the show presented by Evan Davis, the technique applied to asking questions is simple and usually begins with the question "What happened?" and when asked its usually answered with bewilderment or anger given their lack of experience due to a technicality with a figure on the proposed profits. Although the person that could loosely be called a contestant makes their own destiny with what happens and so they reap what they sew. Okay its sloppy to see that they weren't prepared, but so funny watching a Dragon go mental with the reply "I'm out!" when they have simply had enough. On the other hand the smiles of success justifiably deserve to be seen. Who usually invests is basically a complete random answer as some invest more while Deborah Meaden rarely invests unless she is strongly tempted with a rock solid offer.
Usually shown on the BBC2 after 9pm, however the last few series have been shown at 8pm with the night of broadcast changing from a Thursday to a Sunday. The show does entertain and the more wacky the idea the more chance of negativity, its usually the really simple ideas that win such as the corrugated piece of clear plastic that allows the beer bottles to be stacked neatly in a fridge without falling over.
Its also nice to see the show follow up the stories that have been created with the investments as well and every once in a while a new show is broadcast to show how they got on. Its interesting to watch as some have managed to get the Dragon their money and others simply folded and moved on.
It's a simple premise that other countries in the world have bought the rights and produced their own version of the show with some countries showing a quite disrespectful manner towards the contestant whether good or bad.
Dragons Den is a BBC production in which 5 millionaire businessmen and women have new ideas and businesses pitched to them for investment.
The series had been running for around 9 or so series now. The dragons (investors) have changed several times, making way for new ones.
The show is very addictive and you find yourself really getting into it. Some of the ideas that people come up with are unbelievable as they are so stupid. However some of the business suggestions seem amazing and the entrepreneurs manage to get the full investment they ask for. Levi Roots is probably the most famous person to enter the den and as a result of his time on the show has created a multi million pound business. Nearly all supermarkets now sell his sauce and the show is the catalyst that created his business.
The current series has just finished and was on BBC 2 at 9pm on Mondays. There are normally around 10 episodes in a series. The BBC have confirmed that the show is coming back next year but with 3 new dragons. The show is a good idea, not only for entertainment purposes, but to get people thinking about business. Also it gives entrepreneurs a real opportunity to try and propel their business ideas.
Do you think you have the next multi-million pound idea? Do you think your business is the next Coca-Cola? If so you need to apply to be a 'contestant' on Dragons Den!
Dragons Den is shown on BBC2 (as well as Dave) and has quickly become an extremely popular show in the UK. The show is centered around 5 men and women titled the Dragons, who are all self made multi millionaire investors looking for the next big thing. The show features a whole host of different types of people who are all trying to get the Dragons to invest in their business idea.
Like all of us at some point in our lives, th people who go on the show trying to get the Dragons to invest sometimes over £100,000 in them all belive their idea is unique and will definatley make loads of money. However, most of them are taken back down to earth (and not always in a polite way!) by the Dragons who quickly find all the flaws in their idea and plan.
Some of the most memorable ideas have been Leroys Reggea Reggea Sauce, the cucumber holder and many more. Some of the ideas do manage to get the investment they came looking for (they have to acheive the amount the asked for) and like Leroys sauce has since become extremely successful.
I love to watch Dragons Den as it is extremely intesting to see some of the ideas the people invent as well as humourous on many occassions. This show really is a must see for everyone especially young entrepenuers!
If you have the next million pound idea go see the Dragons!
I first started watching Dragon's Den a couple of years back on TV and it fast became a bit favourite of mine and one of the best reality TV Shows I've seen. It is extremely entertaining, if not a little harsh at times.
The general idea of the show is to allow budding entrepreneurs to come into the Den with their business ideas to put towards the 5 dragon's in front of them to try and gain much needed expertise and funding for their specifc projects. They may want £100,000 for example and they have to leave with that amount to succeed. They will also offer a percentage of their company which to be honest with you is normally changed to cater for the demands of the dragons.
The Dragon's themselves change a bit but there are a couple that are always there like Peter Jones. All of them are business men and women who have made their millions by their own personal success and turning businesses around and making a success of them. For example, Theo Phaphitas took Ryman's the stationers who were struggling and turned them around.
The entertaining thing about this show is that it's not easy to get backing and the 5 men and women they have to convince to get the backing will not be parting with their money lightly. They have not got where they are today by not having a good business brain and a great eye for detail. If something is not right about a pitch in any way they will pick up on that and tear you to shreds.
I also find the show fascinating not just because of the comments but also some of the ideas that are brought into the Den. Some are really stupid, others seem good but are not a business and others just blow you away, but not many. After all there would be no challenge if it was easy to get the money as is the case in any line of business.
As well as interesting and fascinating it is also quite funny at times as some new invetions are tried out with normally comical consequences. This programme is something I love watching now and I think it's worth trying out for anyone who has never seen it as you won't regret it.
We all like TV shows, who doesn't? They get millions of viewers to back up the fact that we like them and one of my favourite shows is Dragons Den.
Dragons Den is a show that consists of people with a business pitching their business or ideas to a panel of 5 multi-millionaires known as the Dragons in a bid to secure an investment in their company in return for a percentage of their business.
People looking for investment come up a flight of stairs into a big open plan room and make a presentation on their business to the 5 dragons who are sitting a row in front of them. After a short presentation in which the person will name the amount of money they are looking for and what percentage of their business they are willing to sacrifice for it the Dragons will then quiz the person on finances and different aspects of their business. With the questioning the dragons don't mess about, they get right to the point and take no prisoners, this is their own money they are using if they choose to invest. If the person stands up well the dragons, be it individually or collectively, will offer the person the money they have asked for in exchange for a set percentage of their business. This is always more than the person was offering to start with and they must secure all of the money they first asked for or else they will walk away with nothing.
The current 5 dragons are made up of Peter Jones, a telecoms expert worth £157 million, Duncan Bannatyne who owns a string of health clubs and is worth £320 million, former Millwall F.C chairman Theo Paphitis who has revitalised shops like La Senza and is worth £185 million, James Caan a recruitment expert worth £70 million and Deborah Meaden who is worth £40 million and made her money in the leisure industry.
There have been many interesting ideas on Dragons Den including the iteddy, which is an MP4 player in a cuddly toy and a dog treadmill. The most famous product however must be Reggae Reggae Sauce. The sauce was created by Levi Roots and after investment Sainsburys agreed to stock it and were hoping it would sell 50,000 bottles in its first year. It ended up selling 50,000 bottles a week.
Sometimes after the show when it comes time for contracts to be negotiated the Dragons can and will pull out of deals if they don't think the person can provide what they have said in their presentation but neither the BBC or the Dragons have tried to hide this fact. The people in the den must be able to back up what they say when negotiating for investment.
For me this is a must watch, just seeing the interesting ideas and the dragons ripping people apart is just entertaining TV. I catch it weekdays at 19:00 on Dave at the minute. Worth a watch people.
Dragons Den is a venture-capitalist television programme where contestants who are usually product designers or service operators and have what they consider to be a viable and potentially very profitable business ideas, but lack the funding and/or direction to make their designs and ideas successful.
It is shown on BBC 2 and presented by Evan Davies, who always seems to be energetic and smiling, which makes me think, if he's had so kind of face lift??
The contestants pitch their idea to five rich entrepreneurial businesspeople, the dreaded "dragons", who all sit on chairs with lots of cash on them, which may be real or nice looking monopoly money. There have been 7 series so far and the dragons have changed from series to series and currently the dragons are in sitting order:
Peter Jones - Has interests in mobile telecommunications, television, media, leisure, and property and is worth. The teddy bear of the programme, wears multi-coloured socks and is surprising tall.
Deborah Meaden - runs a multi-million pound holiday business for her parents, which she now owns. As the only female of the dragons she has to contend with the male egos which she does very well
Theo Paphitis - made his fortune in the retail sector and who used to own Millwall FC and is the dragon that always teams up with his mate Peter Jones
Duncan Bannatyne - has business interests include Health Clubs, Hotels, Media, TV, Stage Schools, Property and Transport and has own wealth is estimated to be £320m. He seems to be the most underestimated dragon that the contestants do not choose but if he's worth £320m, he's got to be pretty good to choose
James Caan - is the founder and CEO of Hamilton Bradshaw and founded Alexander Mann which he then sold that had a turnover of £130m a year and often come up with new and innovating deals with the contestants, which bemuse the other dragons.
The dragons do have a good chemistry but the alliances are determined by their seating positions as James Caan and Duncan Bannatyne seems to make joint offers, which is the same between the other 3 dragons. Also the contestants seem to always want Peter Jones to invest in them, which is not the best approach as I believe that all the dragons are good especially Duncan and James who are my favourites
The contestants before the show, name an amount of money that they wish to get, and the rules stipulate that if they do not raise at least this amount from the dragons, they get nothing. This means that even though they may get interest from the dragons, no deal is done until the whole amount that was named is offered. The contestant in return would give the dragons a percentage of the company's stock, which is the chief point of negotiation, which is usually 40-50%
Once the contestant pitched their idea via a presentation, the dragons then probe the idea further, often revealing an embarrassing lack of preparation on the part of the contestants such as the unrealistic ideas and future profits projected. Also the dragons often reveal and uncovering troubling facts such as high costs, very high and inflated valuations of their company/idea/design. This leads to many investments being rejected. However some ideas/designs do reveal a sound business proposition and the dragons do offer to invest capital in return for equity
Every time I watch the programme, I think to myself, "why don't you prepare enough" as the dragons den has been on our screens for several years and you know that the dragons will grill you on the numbers and facts of the idea and product. Also the dragons do have an obsession with patents, which is always a plus for a contestant.
One day, I hope to come up with a idea/product that will make me rich but for now, I'll watch and admire others, who have the guts to try and get investment from the dragons, as it's not easy to do presentations in front of others from past experience, but to pitch your ideas to 5 people who are going to listen and scrutinise everything you say is very hard to prepare for.
The one thing, it does miss is further analysis and interviews of the dragons after an contestant has been successful or slayed as it would be interesting to see what the dragons thought of a contestant and their idea after the decision of investment has been made
Thank you for reading my review and this is a must watch as it's a fantastic and unique programme and is not just suitable to people who are in the business world as it provides a source of entertainment when you see stupid ideas such as the remote control curtains that don't even work and the pedal-powered hang gliding accessory.
I first sstarted watching this show several months ago when I was flicking through the channels on the television, and ever since, I must say that I do consider myself to be quite a fan of the show.
Dragons Den is a show whereby entrepreneurs invent a product and make a pitch in front of 5 investors, in hope of getting funds for their business in return for a percentage of equity in their company. The judges are business experts and very successful entrepreneurs themselves. They are mullti-millionaires and known on the show as "dragons": Deborah Meadon, Theo Paphitis, James Caan, Peter Jones and Duncan Bannatyne.
The rule of the show is that entrepreneurs must either get all the money that they are initially requesting from the dragons or else they leave with nothing. If a dragon makes you a deal, you can negotiate with them. However, they can be quite demanding when it comes to investing money in a prospective business and they usually offer what they consider to be a very fair and reasonable percentage equity.
I find this show really entertaining and some people come up with very creative and inventive ideas, which kind of gets your mind thinking if there is maybe something that you could invent in order to start a very successful and efficient business.
I can recommed this show to be worth a watch.
Dragons Den is a reality TV show that has been around for quite a few years now. You can tell the concept has been around for a while as repeats are being shown on the television. The latest series is shown on the BBC and the older episodes are repeated on Dave, so if you want to see it, you can never miss it.
The format of Dragons Den is based on people trying to sell inventions. They are members of the general public, who apply to be on the show with their given idea. The people that judge if their investment is worth it are a group of wealthy entrepreneurs who are well known in their individual industries. These people are collectively called the dragons.
The prize that those who enter can win is an investment into their business in return for taking ownership of some shares. When you go into the den with your proposal you have a plan worked out of how much money you want, with a percentage share you are willing to give up. If you do not get all the money you are after, you are not allowed to take anything home. Obviously, the dragons being business men, will negotiate with those who enter over the share and money. Sometimes you get two dragons bidding for half each or outbidding each other. Other than the money people want to win the business advice of the dragons by getting them involved.
I found the format of the show quite novel and in that respect entertaining; it was good to see what people have thought of and how the dragons take to it. However, like every reality T.V. show seems to be in this day and age sometimes the dragons can be really mean to the people that are volunteering up their ideas. Sometimes it is sad and uneccesary and makes it cringe worthy to watch, especially when a nervous person with an idea is ripped apart by the dragons. Sometimes they seem justified as the people have come in with a rubbish idea and are unprepared, yet expecting millions of pounds of turnover!
The idea behind this show is great - people develop inventions or business ideas and present them to a panel of 5 'Dragons' who decide whether they like their ideas. If they do they will offer them an amount of money in return for a percentage of the business. If the 'contestants' don't get an offer for the full amount of money that they originally asked for, then they leave empty handed. If they are offered the money by more than one Dragon then they have to decide who to do the deal with.
The show has been running for a number of years, and has had a few different judges, though 2 or 3 have been involved from the start. It is interesting to listen to the various pitches, and nice to see inventions that make you think, 'I could do with one of those!' The Dragons are nice as pie once they have reached a deal, but before then they can sometimes come across as cruel and scathing, which I think is unnecessary. They really cut the inventors down rather than encouraging them in the pursuit of their dreams. Also, they are all in it for the investment opportunity. When a brilliant invention turns up you can practically see the money signs in front of their eyes as they take the largest percentage of the business as they can from the naive inventor.
Overall, this makes for interesting viewing but I feel it does not offer the constructive criticism and encouragement that I feel it should.
Having the plans that I have for future business ventures and with a dream of one day becoming and entrepeneur, when I was first introduced to Dragon's Den by a friend I was thoroughly entertained by it. Dragons' Den is another reality television show where business owners can go and pitch their investment opportunities to multi-millionaires in return for a stake of equity in their company. However, some people do literally just turn up with ideas that they haven't yet acted upon and sometimes they can be quite amusing.
Although there has been many changes in the line-up of investors, the current panel is made up of Deborah Meaden, Theo Pathitis, James Cann and Peter Jones. Previous series' of the show have included the like of software giant Doug Jones and health club owner Duncan Bannatyne. There has also recently been a television series aired which details the business lives and portfolio's of some of the dragons which are quite interesting.
I imagine that pitching your business to a dragon is probably quite a nerve-racking experience as they sit there intimidatingly with their big wads of cash piled up on their tables. They also have a tendency to dig down into the fine details of pitcher's business habits, security and financial situations and have, at times, made a lot of people very nervous and have even cornered a few more dishonest entrepeneurs into slipping up and revelaing situations that they tried to hide.
There is one episode of Dragon's Dan that always comes to mind, where a woman was pitching her business to the Dragons. However, she had been claiming benefits and was being given help with benefits due to her low income. The dragons couldn't understand how she could be claiming benefits and be self-employed at the same time and they all promptly declared themselves as out and claiming that it seemed like there was something a little untoward going on. However, after being on benefits myself for several years and planning on going self-employed I know for a fact that this help is, in fact, available and that the dragons were a little too quick to jump the gun. The fact is that somebody in my position is allowed to work up to sixteen hours per week and earn a total of £10 per week without my benefits being affected in any way, which works as a great safety net for those just starting out. However, the dragons are a serious bunch of entrepeneurs with a serious amount of cash to invest with and I doubt that somebody who claims benefits is their primary target. After all, if they're claiming benefits then they're obviously not making enough money and certainly not enough to offer them a decent return on their inital investment.
Sometimes we are also shown how businesses that the dragons have invested in are coming along and, as some of the dragons will admit themselves, some of them were rather odd investments in the spur of the moment. Some of them have come along to do with suprisingly well though and each of the dragons have their own areas of expertise that they can offer to their clients.
Dragons Den is also a very entertaining television programme to watch and despite being mainly focused on business which is always taken very seriously, there is also light-hearted and sometimes humurous side to the program. Especially when the dragons start getting a little worked up and saying things like 'you want to spend my children's inheritnace on that??'
Dragon's den is a television show where budding entrepreneurs pitch their money making ideas to five experienced and successful business people, the dragons. Each entrepreneur aims to walk away with money supplied to them by a dragon interested in investing in their idea. In return for investing, a dragon normally expects to receive a share in the entrepreneur's company. The idea is simple enough but the drama is compelling. Rarely do the dragons like or invest in an idea and there are some amazing moments where the dragons verbally attack entrepreneur's ideas. This makes great TV as you watch entrepreneurs crumble. However the best drama comes when more than one dragon likes and idea and a bidding war takes place. This usually results in some wiley business and some warring words between dragons. The show also promotes some great items that are successful in receiving investment, I have heard of bands, food products and gadgets from the dragon's den that I've now bought! It is a simple enough show to be followed even if you know nothing about business, but it's a useful show for getting you thinking about what makes business and entrepreneurial ideas work.
Dragons Den is a BBC production and has one of the most basic formats on TV very similar to that of the X Factor (before the crowd came in) and Britain's Got Talent. But rather than judges there are five business entrepreneurs who are all in the den looking for the next big business idea which will add to their already bulging pockets, making us as the audience feel some sort of resentment for what they have got - well it makes me feel like that anyway!
The den is set within what looks to be like a disused warehouse and gives off a very intimidating feel to the room if you were the one giving the pitch. Each budding inventor is given a few minutes of the dragons' times to pitch the idea which they want the dragons to back and take to the next level.
It works by all of the entrepreneurs going into the den with a percentage of their company that they are willing to give away and how much they are asking for this equity stake. The rules are very simple - they must go away with at least the amount of money they have come in asking for or they leave the den empty handed. The only thing that is negotiable is the equity stake which all the dragons are trying to haggle over.
So onto the dragons themselves. Over the past four years there have been various dragons in the den including Theo Pathitis, Peter Jones, Duncan Bannantyne, Deborah Meaden, James Kahn and Richard Farley. There were a few others in the first series who I can not remember and to be fair did not bring as much to the show, as the names previously mentioned have all got a persona about them that makes me tune in and watch the show, including the repeats.
Theo Pathitis - Is the one who will tell you as it is, straight down the middle. He loves it when there is something in the den that he can put into one of his stationery stores and goes about it by saying I could get this in the shops in two weeks but if you want to go with another dragon so be it - classic.
Peter Jones - If you are wasting this guys time he will let you know about it. Probably the most successful of the group and when you know this guy is putting his money in, it is more than likely that the others will follow suit. He will tell you when you are good and when you are not and he likes to know numbers and what you are going to do with his hard earned cash.
Duncan Bannantyne - Probably my most favourite dragon and also the one that has bought me the most laughs. From having an ice cream van to owning hotels, fitness clubs and casinos, this guy was a real rags to riches story. Very honest with his opinions and helpful to those who need it. The most classic moment for me was when he went on an armchair that was also a running machine and nearly fell off and he started crying! A top dragon.
Deborah Meaden - My least favourite of the bunch - just has one of those faces! I am all for telling it as it is but this woman puts down some of the entrepreneurs and is downright rude. I also think that when she does haggle on the percentage of the company sometimes she's having a laugh - some people have spent 5 years building their company up and she wants to completely take over. She is just a dragon in general.
James Khan - A likeable character who doesn't mind telling you where he is in his thinking from the offset. He doesn't blow his own trumpet and also gives you an opportunity to give him the whole picture and does generally looks interested in what you are saying. He's very softly spoken but does make you think that one day he could explode.
Richard Farley - The looker of the group who has amassed his fortune by investing in struggling companies and making them profitable. Not a bad guy does but he does like to blow his own trumpet and gets very defensive when asked by budding entrepreneurs what he is involved in etc. I don't really miss this guy now that he's left the show and has been replaced with James Khan.
So there you go my review on the dragons den, a programme which I am very keen on. One final point though is the very annoying presenter Evan Davis who, when the entrepreneurs come out of the den, regardless of the result he speaks in the same dull tone and even if they didn't receive any backing he doesn't make the people feel any better. In my opinion not the best guy for the job.
So if you get the chance watch this programme ... but be warned these dragons sometimes breathe fire.
Dragon's Den is an interesting show with numerous differerent adaptations existing in countries around the world including Japan, Russia, Sweden, the US and the UK. The UK version is hosted by the rather strange-looking ex BBC economics editor Evan Davis, and regularly features multi-millionaire entrpreneours Theo Pathitis, Duncan Bannatyne, Peter Jones and Deborah Meaden, as well as several others.
Each episode numerous individuals with an invention/business idea approach 5 of the seated entrepreneurs (or 'Dragons') and try and convince them to invest their own money (normally between £50,000 and £150, 000) in their proposed business venture.
The show is entertaining for two main reasons. First of all the inventions and business ideas that the show's hopefuls come up with are frequently intriguing, and secondly because the show has a voyeuristic quality to it, as the dragons dissect the hopefuls' carefully constructed ideas and business models, often crushing their enthusiasm remorselessly as they take their proposals to pieces.
This can be very entertaining, like being a fly on the wall at a job interview that goes horribly wrong, especially when the hopefuls come across as smug and irritating, but conversely it can be very annoying to watch the dragons speaking to people in an arrogant and condescending manner, just because they have succeeded in making themselves rich by clawing their way to the top of the pile. Ultimately though the world of business is brutal, and the Dragons' business acumen is incredibly sharp, and Dragon's Den makes for illuminating and entertaining, if sometimes annoying viewing.
Dragons Den is a BBC2 programme based around members of the public selling ideas to multimillionaire investors.
They enter the Dragons Den, present their product or business, advise the 'Dragons' how much money they require for investment in exchange for a percentage of their business.
The show has elements of the X Factor because it is fun seeing madcap people with ideas and products attempting to sell them to the Dragons, these range from genius to ridiculous, its fun seeing the flaws in plans but also the Dragons reactions to the products, sometimes they'll shoot them down swiftly but at other times its interesting to see the Dragons falling for a business plan and trying to outwit each other to convince them that they should take their investment.
Peter Jones - A Telecoms Millionaire, he is an expert in IT and telecoms and is often seen as the most powerful of the dragons, interested in sports and media, he is quick to invest when appropriate but just as quick to destroy an idea he sees as being wrong.
Deborah Meaden - A woman who made her money from holiday camps, she is honest, sometimes brutally so, but also much softer than she appears, offering advice, help and often investment.
Theo Paphitis - Owner of many High Street chains, he is honest, cutting, has real common sense and provides real insight into his knowledge of business and retail, he is humorous and possibly my favourite Dragon.
James Caan - A smooth Operator who watches and sees what he can pick off, he is suave, sophisticated but doesn't suffer fools gladly, he often teams up with Duncan on investments.
Duncan Bannatyne - Grumpy Scottish Health Club owner, he invests irregularly and is a tough audience, he is often the first to leave an investment and poke fun at a product but underneath it all seems a fair man.
The show is on BBC2 over one hour and is presented by Evan Davies, it now has spin-offs with an online version and has turned the Dragons into celebrities in their own right, the programme remains fresh because the format is the same but the products and investments change each time. Overall a watchable amusing hour of tv.
Dragon's Den is a BBC programme where 5 successful business people consider backing the enterprise ideas of several contestants. The show has been running for 5 or 6 years now and is very popular.
Each show lasts an hour, and usually 4 applicants are featured in depth, as well as short pieces on those who were rejected. Each of the 4 applicants has an interview with a presenter after leaving the den.
The Dragons are backing with their own money, so they take the decision to back very seriously. However some of the companies they have backed have been very successful, such as Levi Roots brand of Reggae Reggae sauces.
I love this show for all the innovative or useful ideas people come up with. I like watching and thinking 'I'd back that', and then see if the Dragons agree with me that its a good idea!
The format of the show has changed very little over the years, although a few Dragons have come and gone and been replaced. There are always more entrepreneurs wanting to be featured than there are places on the show, which is great as they can pick the most interesting.
One thing I do wish there were more of are the 'where are they now' type catch up shows. Some ideas you hear about through advertising or stumble across online, however some dissapear completely, and I would love to know if they are still being developed, failed, or have adapted to a different market.