Pitching a product

 Dragon's Den

1. When did you start your business?

2. Why so many products?

3. Decribe your organisation to me?

4. Tell me about your business partner?

5. Can we meet her?

6. How do you divide your roles?

Watch the section where the dragons, Jacob and his business partner negotiate a deal. What Jacob and his partner originally ask for? What do the Dragon's offer him? Is everybody happy at the end?

Product Ideas

Give them a mark out of 5 

Remember - the idea should be exciting, but also make sense as a business idea (i.e. it will make money and stay afloat)

 

1. Portable solar charger for phones and laptops   ___

2. Peer-to-peer tutoring platform for students ___

3. DIY bubble tea making kit ___

4. Screen-time lock box for phones during study ___

5. Edible spoons and forks made from grains ___

6. Smart study planner that creates schedules automatically ___

7. Posture-correcting backpack with alerts ___

8. Uniform recycling and resale service ___

9. Lost-item tracking tags for essential items ___

10. Customisable healthy lunchbox delivery service ___

11. Exam stress relief kit for students, (contains a mystery prize) ___

12. Pet “translator” app that interprets animal sounds ___

 

Match to their category

A) Tech & Innovation

B) Sustainability & Environment

C) Food & Lifestyle

D) Education & School Life

E) Health & Wellbeing

F) Fun & Creative

 

 

 

5 ideas for a business 

 

Air bnb for storage

A surpise a month (delivered to your door)

Virtual travel experiences

AI meal planner

Mobile EV charging service 

 

Talk about each idea:

1. Problem – What’s the issue?

2. Solution – Their product/service

3. Target Market – Who will buy it?

4. Why It’s Better – What makes it unique?

5. Money – Price + how it makes profit

 

Talk about these in relation to these business ideas

Customer

Marketing strategy

Outlay

Risks

Further opportunities that might arise 

 

1. Why / people / your / would / choose / product / over / others?

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2. What / the / biggest / is / risk / your / to / business?

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3. How / before / long / you / break / even?

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4. What / your / makes / product / different / from / competitors?

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5. How / you / would / make / or / deliver / this / product?

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6. Who / your / exactly / is / target / customer?

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7. If / you / I / gave / $10,000, / how / you / would / spend / it?

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8. Why / you / are / the / right / people / to / run / this / business?

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9. What / go / could / wrong / with / your / idea?

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10. How / much / it / does / cost / to / make / one / unit?

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11. How / you / will / reach / your / customers?

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12. Could / a / company / bigger / easily / copy / your / idea?

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13. How / this / could / business / grow / in / the / future?

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14. What / does / role / each / team / member / play?

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Task

Imagine you have some money to start up a new business. It can be one of the ideas above, or it can be another idea. You want to attract an investor to buy into your business. You want to sell part of the business (not too much!) so that you can grow it. They have $70,000 to invest. First, try to convince them to become your business partner. Second, bargain with them over how much of the business (1%-99%) you are prepared to give them for their contribution.