What is Dragons Den?
Dragons' Den is a popular television show in the UK in which entrepreneurs pitch their business ideas to a panel of investors, known as the "dragons," in the hopes of securing funding. The show is known for its high-stakes and sometimes tense atmosphere, as the dragons are known for being tough negotiators and are not afraid to speak their minds.
Should I go on Dragons Den?
If you are considering going on Dragons' Den, it is important to be well prepared and to have a clear understanding of your business and what you are looking for in terms of funding. You will need to be able to clearly and concisely communicate your business idea and its potential for success, and be able to answer tough questions from the dragons.
It is also a good idea to have a solid business plan in place and to be prepared to make concessions or negotiate terms in order to secure a deal. Being on the show can be a great opportunity to get exposure for your business and potentially secure funding, but it can also be a high-pressure and stressful experience.
How do I apply to go on Dragons Den?
The process for applying to appear on Dragons' Den, typically involves the following steps:
Check the eligibility requirements: The show has certain eligibility requirements that you must meet in order to apply. These may include things like being over 18 years of age and being the owner or co-owner of a UK-based business.
Fill out the application form: You can find the application form on the Dragons' Den website or through the production company that makes the show. The form will ask you to provide information about your business, including its background, products or services, and financials.
Submit supporting materials: You may be asked to provide additional materials as part of your application, such as a business plan, financial projections, and video footage of your product or service in action.
Wait for a response: The production company will review your application and may invite you to participate in the show if they think that your business is a good fit. This process can take several weeks or even months.
Prepare for the pitch: If you are invited to appear on the show, you will be given guidance on how to prepare for your pitch. This may include rehearsing your presentation, developing a strong pitch deck, and practicing your answers to potential questions.
Pitch to the dragons: On the day of the pitch, you will be given the opportunity to present your business idea to the dragons in a high-pressure and potentially stressful environment. You will need to be able to clearly and concisely communicate your business's value proposition and convince the dragons to invest in your business