0:00:02 > 0:00:04Imagine a year's worth of pocket money up for grabs
0:00:04 > 0:00:08just waiting for kids like you from across the UK to come up with
0:00:08 > 0:00:10a winning business pitch.
0:00:10 > 0:00:13- We're from Worcestershire.- We're from Birmingham.- I come from Wigan.
0:00:13 > 0:00:14What's your big idea?
0:00:14 > 0:00:19My business idea is called My Perfect Library, it's an app.
0:00:19 > 0:00:21Could you spot a gap in the market?
0:00:21 > 0:00:24My business idea is a pancake-ria.
0:00:24 > 0:00:26Are you the next Branson or Dyson?
0:00:26 > 0:00:30My this idea is Box Rouge, gift boxes for teenage girls.
0:00:30 > 0:00:34Now budding entrepreneurs are entering the Pocket Money Pitch-Off.
0:00:34 > 0:00:38All are hoping to secure that valuable pot of cash
0:00:38 > 0:00:41and the priceless help of our top industry gurus
0:00:41 > 0:00:44to kick-start their businesses.
0:00:44 > 0:00:47They will have just one chance to call for help.
0:00:48 > 0:00:51And this is it - the Pause My Pitch button.
0:00:52 > 0:00:57One guru to impress, only one idea can come out on top.
0:00:57 > 0:00:59This is Pocket Money Pitch.
0:01:09 > 0:01:12Pocket Money Pitchers, it is time to go head-to-head.
0:01:13 > 0:01:15Present your pitch.
0:01:15 > 0:01:17- The pitcher...- I've chosen...- Is...
0:01:29 > 0:01:31We have searched the whole of the UK
0:01:31 > 0:01:34to find the best young business talent.
0:01:35 > 0:01:37And you didn't disappoint.
0:01:37 > 0:01:40Today, six ideas will compete to succeed
0:01:40 > 0:01:42in the fast-paced world of social media.
0:01:43 > 0:01:46Every day, over 2 billion people connect with each other
0:01:46 > 0:01:48on social networks.
0:01:48 > 0:01:51That's almost a third of the world's population,
0:01:51 > 0:01:54but only three will get the chance to pitch in the vault
0:01:54 > 0:01:57to today's guru, Jamal Edwards.
0:01:57 > 0:01:59Jamal's career started at 15.
0:01:59 > 0:02:02He now owns an online video channel,
0:02:02 > 0:02:05which has had over 330 million views.
0:02:05 > 0:02:08He was recently estimated to be worth £8 million
0:02:08 > 0:02:10and was described by Richard Branson
0:02:10 > 0:02:14as the walking definition of the word entrepreneur.
0:02:14 > 0:02:17Our pitchers will all be hoping to impress him,
0:02:17 > 0:02:21because it is up to him to decide which idea is worth backing
0:02:21 > 0:02:25with a year's worth of pocket money to kick-start their business dreams.
0:02:27 > 0:02:30And they can improve their chances of impressing Jamal
0:02:30 > 0:02:32by winning the support of a business buddy.
0:02:32 > 0:02:34These guys have built their own
0:02:34 > 0:02:36successful companies from scratch.
0:02:36 > 0:02:38They'll be looking out for the best idea
0:02:38 > 0:02:41so that they can pass on their knowledge
0:02:41 > 0:02:43to today's young entrepreneurs.
0:02:43 > 0:02:45So, they are our buddies.
0:02:45 > 0:02:46Here are our pitchers.
0:02:47 > 0:02:50First up, it's 12-year-old Lily from Welshpool.
0:02:52 > 0:02:56I have two dogs called Tinsel and Tyler and a cat called Bella.
0:02:56 > 0:02:59I love making new ideas and I'm very determined.
0:03:01 > 0:03:03She'll be going up against 13-year-old Phoebe
0:03:03 > 0:03:06and 12-year-old Joe from Eastbourne.
0:03:06 > 0:03:08Everybody thinks we are brother and sister.
0:03:08 > 0:03:10Or boyfriend and girlfriend.
0:03:10 > 0:03:13- But we are neither.- We're best mates, aren't we, Joe?- Yeah.
0:03:13 > 0:03:16- And what do we love doing? - BOTH:- Making films!
0:03:22 > 0:03:24The two teams will go head-to-head.
0:03:24 > 0:03:26Whoever can get the most buddies to vote for them
0:03:26 > 0:03:28will go through to meet our guru.
0:03:28 > 0:03:33First up, Lily with I Cheer, You Cheer, We Cheer.
0:03:33 > 0:03:36Cheerleading. What do you think when I say that?
0:03:36 > 0:03:38A load of blonde Americans running around a football field
0:03:38 > 0:03:41worrying about their make-up? Exactly.
0:03:41 > 0:03:43But it's a lot more than that.
0:03:43 > 0:03:44It's about teamwork.
0:03:44 > 0:03:47Many boys and girls go up to high school every year
0:03:47 > 0:03:51worried about what they think and what they look like, like me.
0:03:51 > 0:03:53I am body conscious and so are most of them.
0:03:53 > 0:03:57I will offer your schools' PE teacher or any ambassadors
0:03:57 > 0:04:01already in place an online course to introduce them to cheerleading,
0:04:01 > 0:04:05grow their knowledge on gymnastics and their strength for stunting.
0:04:05 > 0:04:08Cheerleading, a business worth fighting for.
0:04:08 > 0:04:10I Cheer, You Cheer, We Cheer.
0:04:12 > 0:04:15A strong start there from Lily who wants to create online
0:04:15 > 0:04:19cheerleading tutorials, but it's time for Phoebe and Joe to see
0:04:19 > 0:04:21if they can get the buddies cheering for them.
0:04:22 > 0:04:24Our business is called Kiductions.com.
0:04:24 > 0:04:27This is a fun website specifically for kids.
0:04:27 > 0:04:30This website reaches out to children between the ages of eight to 16
0:04:30 > 0:04:33to create and share and enjoy. This is our motto.
0:04:33 > 0:04:36On this website, Kids can publish their own short movies
0:04:36 > 0:04:38in which others can leave a like and comment.
0:04:38 > 0:04:41Talent shows seek to find new talent in front of the camera.
0:04:41 > 0:04:44What Kiductions.com does is find new talent behind the camera.
0:04:44 > 0:04:46We believe this could be a great success.
0:04:46 > 0:04:49- We may even find the next even Steven Spielberg.- Thank you.
0:04:51 > 0:04:53With both pitches complete,
0:04:53 > 0:04:56will the buddies go for the video website for kids
0:04:56 > 0:04:58or the cheerleading tutorials?
0:04:58 > 0:05:01A tough choice. Online business expert Suleman is up first.
0:05:03 > 0:05:06Lily, I thought your pitch was really good.
0:05:06 > 0:05:08I think you are trying to change something, which is
0:05:08 > 0:05:11always a good thing. But Phoebe and Joe, I thought
0:05:11 > 0:05:14your pitch was very polished and I really like the idea.
0:05:14 > 0:05:17And I think you are going to be able to hit a wider audience.
0:05:17 > 0:05:20Therefore, I'm going to vote for you.
0:05:20 > 0:05:22First vote going to Phoebe and Joe.
0:05:22 > 0:05:25Next up, it's product designer Emily.
0:05:25 > 0:05:27I'm going to go for Kiductions.com.
0:05:27 > 0:05:30Kiductions.com, you've got two votes in the bag there.
0:05:30 > 0:05:34You just need one more vote now to go through to the next stage,
0:05:34 > 0:05:36where you will meet the guru.
0:05:36 > 0:05:38There are still three buddies left, Lily.
0:05:38 > 0:05:43If they all vote for you, then you are through to the next stage.
0:05:43 > 0:05:45Ben is next. Though still a teenager,
0:05:45 > 0:05:48he already owns his own digital media agency.
0:05:48 > 0:05:50I want to give my vote to Kiductions.com.
0:05:52 > 0:05:55Kiductions.com get the final vote they need,
0:05:55 > 0:05:57but do the remaining buddies agree?
0:05:57 > 0:06:01Online jewellery boutique owner Amber is up next.
0:06:01 > 0:06:02My vote is with Kiductions.com.
0:06:05 > 0:06:08And the final vote goes to Top Chef Luke.
0:06:09 > 0:06:11For me, it is also Kiductions.com.
0:06:14 > 0:06:16So, the buddies have spoken.
0:06:16 > 0:06:18Unfortunately, it wasn't Lily's day today,
0:06:18 > 0:06:21but she is looking on the bright side.
0:06:21 > 0:06:24The experience was...amazing.
0:06:24 > 0:06:27It was unspeakable cos everyone...
0:06:27 > 0:06:29Like, you watch people on telly
0:06:29 > 0:06:31and you are like, "Wow, I want to do that."
0:06:32 > 0:06:36Now, Phoebe and Joe can choose from all five buddies,
0:06:36 > 0:06:37and it's a vital decision.
0:06:37 > 0:06:40Who is the perfect match to develop their business
0:06:40 > 0:06:42and be their lifeline in the vault?
0:06:44 > 0:06:46Suleman knows all about online business.
0:06:46 > 0:06:49Emily create ideas from scratch.
0:06:49 > 0:06:51Ben is a social media expert.
0:06:51 > 0:06:55Amber turned her idea into it a multimillion-pound enterprise.
0:06:55 > 0:06:58And Luke's company has gone global.
0:06:58 > 0:07:02So, whose skills will be the most valuable to Phoebe and Joe?
0:07:02 > 0:07:05- Do you want to go for the one that we thought? OK.- OK.
0:07:05 > 0:07:07We would like to pick Ben.
0:07:07 > 0:07:09Ben! There you go.
0:07:09 > 0:07:13So, Ben is your buddy, so he is going to work with you to get
0:07:13 > 0:07:14ready for the next pitch to the guru.
0:07:14 > 0:07:17So, good luck with that and I'll see you a bit later in the vault.
0:07:17 > 0:07:19- BOTH:- Thank you.
0:07:24 > 0:07:28Next are ten-year-old Abigail and eight-year-old Luke from Preston.
0:07:29 > 0:07:32We are brother and sister and we squabble a lot.
0:07:32 > 0:07:36Well, a bit over an ice cream scoop or something,
0:07:36 > 0:07:39- but when it comes to business... - BOTH:- We make a great team.
0:07:40 > 0:07:44They will be going up against a nine-year-old football fan
0:07:44 > 0:07:45from Birmingham.
0:07:45 > 0:07:47Hi, my name is Ren Zhi and I love playing football.
0:07:47 > 0:07:50One thing I've learned is that when you're three-nil down,
0:07:50 > 0:07:52you don't just give up and walk off the pitch.
0:07:52 > 0:07:55I'll use these skills to become a successful businessperson.
0:07:57 > 0:08:02And we have a new buddy, Bianca, who is a personal development expert.
0:08:02 > 0:08:04- Hey, Bianca!- Hey!
0:08:05 > 0:08:09Pocket Money Pitchers, it is now time to go head-to-head.
0:08:09 > 0:08:12- Clipped It, you are up first. Take it away.- Hi.
0:08:12 > 0:08:14Today, we are going to tell you about our idea
0:08:14 > 0:08:17called Clipped It For Kidz.
0:08:17 > 0:08:18Clipped It For Kidz is a fun
0:08:18 > 0:08:22and friendly child website made by kids for kids.
0:08:22 > 0:08:24On your clipboard, you can add things
0:08:24 > 0:08:30like places where you've been, hobbies, your interests,
0:08:30 > 0:08:34your achievements, your favourite books, anything, really.
0:08:34 > 0:08:37You will be able to give your friend your code, then they can come
0:08:37 > 0:08:40and have look on your clipboard to see what you've been up to.
0:08:40 > 0:08:42Thank you for listening.
0:08:42 > 0:08:46Thank you for listening. We hope our idea is successful.
0:08:46 > 0:08:49Abigail and Luke are hoping the buddies will take note of their
0:08:49 > 0:08:50online clipboard.
0:08:50 > 0:08:55But next up is Ren Zhi with his business idea, DiDi Directions.
0:08:56 > 0:09:01The normal way to record your special occasion is to hire
0:09:01 > 0:09:07a camera crew, but with my idea, you collect the videos
0:09:07 > 0:09:11and photos from the guests and then I compile them
0:09:11 > 0:09:14together to create a movie, which is more personal and fun.
0:09:14 > 0:09:16This is how works.
0:09:16 > 0:09:18First, they send me the ideas,
0:09:18 > 0:09:21then I choose the best,
0:09:21 > 0:09:25put it into a movie with sounds, voiceovers and words.
0:09:25 > 0:09:26Thanks for listening.
0:09:26 > 0:09:29Great ideas. We are going to find out what the buddies think now.
0:09:29 > 0:09:31Suleman, start us off.
0:09:31 > 0:09:33This one is extremely close.
0:09:33 > 0:09:36For me, I'm going to go with Ren Zhi on this occasion.
0:09:37 > 0:09:40For me, it's going to be Ren Zhi and DiDi Directions.
0:09:42 > 0:09:46Ren Zhi's special occasion videos take early lead.
0:09:46 > 0:09:49Could Bianca's vote steal victory for him?
0:09:49 > 0:09:52I can see a large amount of scope for Clipped It.
0:09:52 > 0:09:55Clipped It. There you go. Bianca thought your idea was great.
0:09:55 > 0:09:57You've got a vote there. Amber.
0:09:57 > 0:10:00My vote is going to be with Abby and Luke, Clipped It.
0:10:02 > 0:10:07With the score at two-all, it's down to Luke to cast the deciding vote.
0:10:08 > 0:10:10A really tough decision.
0:10:12 > 0:10:14I am going to go with...
0:10:15 > 0:10:16..DiDi Direction.
0:10:19 > 0:10:20Ren Zhi gets the final vote,
0:10:20 > 0:10:24which means it is time to say goodbye to Abigail and Luke.
0:10:25 > 0:10:27Today was a great experience.
0:10:27 > 0:10:29We'll definitely carry on with our idea.
0:10:31 > 0:10:33Three buddies voted for Ren Zhi,
0:10:33 > 0:10:36so which one will he choose to be his lifeline in the vault?
0:10:36 > 0:10:39Suleman could teach him about online business,
0:10:39 > 0:10:43Emily is an expert in launching new products, or Luke who knows
0:10:43 > 0:10:46how to make a business in international success.
0:10:48 > 0:10:50I'll probably go for...
0:10:53 > 0:10:54- ..Suleman.- Suleman.
0:10:54 > 0:10:57There we go. Ren Zhi, time to get prepared.
0:10:57 > 0:10:59I'm going to see you in the vault a little bit later on
0:10:59 > 0:11:01ready to pitch to the guru. Good luck.
0:11:07 > 0:11:09There's only one more chance to make
0:11:09 > 0:11:11it through to the guru stage.
0:11:11 > 0:11:14Battling it out will be nine-year-old Luke
0:11:14 > 0:11:16from Stratford-upon-Avon.
0:11:16 > 0:11:19I found out about magic when I just started off watching TV
0:11:19 > 0:11:22and I just saw some magic happen on it
0:11:22 > 0:11:24and I was like, "Wow, how do they do that?"
0:11:26 > 0:11:27He'll go up against ten-year-old
0:11:27 > 0:11:29Jasper from Stockport.
0:11:30 > 0:11:33When I started playing the ukulele, I instantly fell in love with it
0:11:33 > 0:11:36and I wanted to play over and over again.
0:11:36 > 0:11:40So, Ukantoo has turned my hobby into a business.
0:11:43 > 0:11:45Emma-Jayne is our new buddy.
0:11:45 > 0:11:46Hi there, Stephanie.
0:11:46 > 0:11:48She founded a quirky umbrella company,
0:11:48 > 0:11:51so she knows the importance of original ideas.
0:11:51 > 0:11:54It is now time to go head-to-head.
0:11:54 > 0:11:59Luke, you're going to start us off with Magic Matchbox Academy.
0:11:59 > 0:12:02My business is called the Magic Matchbox Academy.
0:12:02 > 0:12:05It's an academy where children can learn magic,
0:12:05 > 0:12:08most importantly, online and then at the weekend camps
0:12:08 > 0:12:11and holiday clubs at various points throughout the year.
0:12:11 > 0:12:14Anyone can be part of the Magic Matchbox Academy,
0:12:14 > 0:12:18but the main thing is to help young children develop confidence.
0:12:18 > 0:12:22The Magic Matchbox Academy will have various parts to it.
0:12:22 > 0:12:24A quarterly online magazine...
0:12:25 > 0:12:30..a quarterly online magazine, fortnightly online tutorials,
0:12:30 > 0:12:34monthly web chats, weekend workshops and camps, holiday clubs.
0:12:34 > 0:12:37I hope you have enjoyed listening to my pitch.
0:12:37 > 0:12:38Well done, Luke.
0:12:38 > 0:12:41Now, Jasper, it's your turn.
0:12:41 > 0:12:44Hi, my name is Jasper and I have a big passion for music
0:12:44 > 0:12:45and the ukulele.
0:12:45 > 0:12:47I will teach kids how to play the ukulele
0:12:47 > 0:12:51through online tutorials, downloadable PDF song books,
0:12:51 > 0:12:56one-to-one video lessons and group play-along sessions.
0:12:56 > 0:13:01Going online means I can reach kids all over the world.
0:13:01 > 0:13:03Because I am teaching them, they'll hopefully be able to relate
0:13:03 > 0:13:07to me better and this is what makes Ukantoo unique.
0:13:07 > 0:13:08Thank you for listening.
0:13:10 > 0:13:14The buddies can only send one of them through to meet the guru.
0:13:14 > 0:13:18Will it be Jasper's ukulele tutorials or Luke's magic school?
0:13:19 > 0:13:22Bianca, which way are you voting?
0:13:22 > 0:13:23I always have loved magic,
0:13:23 > 0:13:26so I'm going to go with Magic Matchbox Academy.
0:13:29 > 0:13:30Jasper, I'm with you.
0:13:32 > 0:13:34As much as I love magic,
0:13:34 > 0:13:36I am going to go with Jasper.
0:13:39 > 0:13:42It is two-one to Jasper and Ukantoo.
0:13:42 > 0:13:45But will Emma-Jayne give him the final vote he needs
0:13:45 > 0:13:47to go through to the next stage?
0:13:47 > 0:13:51I think both ideas are fantastic, but I'm going to go for Jasper.
0:13:51 > 0:13:53Jasper, you've made it through.
0:13:53 > 0:13:57You will go through to the next round, where you will meet the guru.
0:13:57 > 0:14:00Let's find out, though, what Emily's vote is.
0:14:00 > 0:14:02I'm going to go for it Ukantoo.
0:14:05 > 0:14:07With four of the buddies backing Jasper,
0:14:07 > 0:14:10it's time to say goodbye to Luke.
0:14:10 > 0:14:13It has helped me think about my business in different ways,
0:14:13 > 0:14:16how I can improve on it and what I could maybe do.
0:14:20 > 0:14:22Jasper is now in control.
0:14:22 > 0:14:26He can pick Emma-Jayne, who knows how to sell an idea,
0:14:26 > 0:14:29Emily, who turned her hobby into a business,
0:14:29 > 0:14:32Amber, who has got her own successful online store,
0:14:32 > 0:14:36or Luke, who could advise him on how to grow a company.
0:14:36 > 0:14:39- I'd like Emma-Jayne to be my buddy. - Thank you very much Jasper.
0:14:39 > 0:14:41I'm going to see you a bit later on in the vault
0:14:41 > 0:14:44when you're going to pitch to the guru. So see you then.
0:14:44 > 0:14:45Good luck.
0:14:45 > 0:14:49So, three pitches are through to the next round -
0:14:49 > 0:14:54Kiductions.com, DiDi Directions and Ukantoo.
0:14:54 > 0:14:58They're now going to prepare their pitches for the next stage up
0:14:58 > 0:14:59to meet the guru.
0:15:06 > 0:15:10As a teenager, our guru Jamal started uploading his videos
0:15:10 > 0:15:12to a social media site.
0:15:12 > 0:15:16Today, he has half a million followers and is a multimillionaire.
0:15:16 > 0:15:19But he's not stopping there.
0:15:19 > 0:15:21I'm still building success. I don't think I've made it yet,
0:15:21 > 0:15:24but I think the main thing that I have is self-belief
0:15:24 > 0:15:26and working outside of my box.
0:15:26 > 0:15:29Only one business gets a year's worth of pocket money,
0:15:29 > 0:15:32that is £322.40,
0:15:32 > 0:15:37plus a priceless opportunity to spend time with Jamal.
0:15:37 > 0:15:38So, what's he looking for?
0:15:38 > 0:15:41The things that I'm looking for in businesses...
0:15:41 > 0:15:44One is something specific to a younger generation.
0:15:44 > 0:15:47Another thing I'm looking for is something problem-solving.
0:15:47 > 0:15:48Yeah, cool.
0:15:48 > 0:15:51I'm also looking for a business that is profitable
0:15:51 > 0:15:54and has a really good work ethic as well.
0:15:54 > 0:15:57Hi, guys, well done. High-five.
0:15:57 > 0:15:59Now it's time to get to work.
0:15:59 > 0:16:01- How are you?- Good.- Congratulations. That was amazing.
0:16:01 > 0:16:04The young entrepreneurs will need to draw on all the experience
0:16:04 > 0:16:07of their business buddies to pitch to the guru.
0:16:07 > 0:16:11Well, talk me through how you would like your business to make money.
0:16:11 > 0:16:14The web-based funding sites. For example, £3,
0:16:14 > 0:16:19which would give access to the videos and the song books first.
0:16:19 > 0:16:21Perfect, nice.
0:16:21 > 0:16:24Jamal's business appeals to young people.
0:16:24 > 0:16:27So how will Phoebe and Joe prove that they can do that too?
0:16:27 > 0:16:30Obviously, you got your USP about it being for kids, aimed at kids.
0:16:30 > 0:16:35Parents will like that. And also having the competitions,
0:16:35 > 0:16:37I think children will enjoy that.
0:16:38 > 0:16:40I opened them up, select the best,
0:16:40 > 0:16:42add music, voice overs
0:16:42 > 0:16:44and then turn it into the movie.
0:16:44 > 0:16:47Suleman wants to help Ren Zhi really sell his idea.
0:16:47 > 0:16:50- We're going to review all this. - Yeah.
0:16:50 > 0:16:53Going to take it all apart and we're going to create a perfect pitch.
0:16:55 > 0:16:58Now, while the Pocket Money Pitchers get ready,
0:16:58 > 0:17:01the vault is preparing for the final showdown.
0:17:01 > 0:17:04The mission - to win over the guru.
0:17:04 > 0:17:07But if at any point the pitchers get stuck,
0:17:07 > 0:17:10they can press this, the Pause My Pitch button,
0:17:10 > 0:17:12and the guru will be locked away
0:17:12 > 0:17:15and the buddy will be able to run on and help them.
0:17:15 > 0:17:18But they need to choose their time wisely with this
0:17:18 > 0:17:21because they can only Pause My Pitch once.
0:17:27 > 0:17:32Our guru Jamal wants social media ideas that solve a problem,
0:17:32 > 0:17:35make a profit and are popular with young people.
0:17:35 > 0:17:38The first to try is Ren Zhi.
0:17:38 > 0:17:41Jamal is ready to hear your pitch for DiDi Directions.
0:17:41 > 0:17:44Don't forget, if at any point you want to press
0:17:44 > 0:17:46the Pause My Pitch button, you can,
0:17:46 > 0:17:49then your buddy will be able to run on and help you.
0:17:49 > 0:17:52- Is that all OK?- Yeah.- Great. Well, good luck, Ren Zhi.
0:17:52 > 0:17:57All that's left to say is - present your pitch.
0:17:57 > 0:18:00How do we make birthdays, anniversaries, weddings
0:18:00 > 0:18:03and other special occasions more memorable?
0:18:03 > 0:18:07How do we get families to interact with each other?
0:18:07 > 0:18:09My company, DiDi Directions,
0:18:09 > 0:18:14allows people to drop their images or photos of their special
0:18:14 > 0:18:20occasions or party into my secure folder to create a memorable video.
0:18:20 > 0:18:25The whole movie will be more fun and more personal.
0:18:25 > 0:18:29I would charge £100 for my service.
0:18:30 > 0:18:34By year five, my mission is to create the biggest network...
0:18:37 > 0:18:38..the biggest network...
0:18:40 > 0:18:42Oh, Ren Zhi could do with some help.
0:18:43 > 0:18:47Pressing the button has paused his pitch, locking the guru away
0:18:47 > 0:18:51and buying him some time with his buddy, Suleman.
0:18:51 > 0:18:53Sul, you know the...closing statement -
0:18:53 > 0:18:55I will create the biggest network of what? I have forgotten.
0:18:55 > 0:19:00You said you wanted to create the biggest platform. Yeah?
0:19:00 > 0:19:02- For families and friends. - So, I want...
0:19:02 > 0:19:06By year five, I want to create the biggest platform for families
0:19:06 > 0:19:10- and friends to create videos together.- Yeah.- Yeah. Got that.
0:19:10 > 0:19:11- Got it?- Yeah.- Good luck.
0:19:19 > 0:19:23By year five, my mission is to create the biggest platform
0:19:23 > 0:19:26that families and friends can create videos together.
0:19:26 > 0:19:29- Thank you for listening. - Thank you.
0:19:29 > 0:19:32Ren Zhi has got through his pitch.
0:19:32 > 0:19:35Jamal can now dig a bit deeper into the business' potential.
0:19:37 > 0:19:40If you get way more people signing up and what you bargained for,
0:19:40 > 0:19:43how are you going to deal with the influx of people
0:19:43 > 0:19:45that want to sign up?
0:19:45 > 0:19:47If more people sign up,
0:19:47 > 0:19:51then I will use the money to employ more people...
0:19:51 > 0:19:53to help.
0:19:53 > 0:19:56Do you know how much space you need, at first, to get all the pictures
0:19:56 > 0:19:58and videos up on to your program?
0:19:58 > 0:20:01Um... Well...
0:20:02 > 0:20:06With some tricky questioning, Ren Zhi is feeling the pressure.
0:20:06 > 0:20:09He's already used the Pause My Pitch button, so he's on his own.
0:20:09 > 0:20:11It doesn't take up...
0:20:11 > 0:20:14It takes up quite a bit of space, but not too much. So...
0:20:17 > 0:20:19..just an average amount.
0:20:19 > 0:20:24And is it UK-focused or would you want to expand it across the world?
0:20:24 > 0:20:27Um... Well, firstly, UK.
0:20:27 > 0:20:29- Mm-hm.- And then if...
0:20:29 > 0:20:33it grows bigger and bigger, then eventually, maybe...the world?
0:20:33 > 0:20:36- Thank you very much.- Thank you.
0:20:36 > 0:20:39So, Ren Zhi's time in the vault is up.
0:20:45 > 0:20:49Next, it's Phoebe and Joe with Kiductions.com.
0:20:49 > 0:20:54Ben is watching backstage, ready to help if they pause their pitch.
0:20:54 > 0:20:57Good luck, Phoebe and Joe. Present your pitch.
0:20:58 > 0:21:02- Hi, I'm Phoebe.- And I'm Joe. Our business is called Kiductions.com.
0:21:02 > 0:21:04This is a fun website specifically for kids.
0:21:04 > 0:21:08The website reaches out to children between the ages of eight and 16
0:21:08 > 0:21:11to create, share and enjoy. This is our motto.
0:21:11 > 0:21:14The problem we're solving, many kids go undiscovered with their talent.
0:21:14 > 0:21:16Our unique selling point is - it's preparing kids
0:21:16 > 0:21:21for future apprenticeships with businesses like yours.
0:21:21 > 0:21:23By using the latest malware removing software,
0:21:23 > 0:21:27we can remove hackers and cyber danger issues from our website.
0:21:27 > 0:21:31Also users can flag other users if there are inappropriate comments.
0:21:31 > 0:21:33BOTH: Here's our website design.
0:21:33 > 0:21:36On the home page, we've got a photo of this month's winner
0:21:36 > 0:21:40of our competition, which will be a different genre every month.
0:21:40 > 0:21:41Nice photo, Joe!
0:21:41 > 0:21:44We reckon, after the first three years,
0:21:44 > 0:21:48around 30,000 kids in the UK could be using Kiductions.com.
0:21:48 > 0:21:50We worked this out because there's 30 kids in our school
0:21:50 > 0:21:54who said they would use the website, times that by 1,000, approximately,
0:21:54 > 0:21:58like a range of schools in the UK, and you get 30,000.
0:21:58 > 0:22:01Then imagine if it went worldwide. Thank you.
0:22:01 > 0:22:02Thank you.
0:22:05 > 0:22:09So, will the website for kids made by kids have the appeal
0:22:09 > 0:22:12to the young generation that Jamal is looking for?
0:22:12 > 0:22:15Why do you think it was needed to create something like this?
0:22:15 > 0:22:17Why wouldn't you use other video sharing websites?
0:22:17 > 0:22:21Because the kids may be shadowed out on those video sharing websites.
0:22:21 > 0:22:23There are so many users on them
0:22:23 > 0:22:26that you can't find the talent you need because there's...
0:22:26 > 0:22:28it's such a big website.
0:22:28 > 0:22:31Have you also thought about how you can get involved
0:22:31 > 0:22:33faster into different schools?
0:22:33 > 0:22:34We can give them an information pack
0:22:34 > 0:22:36with some posters that will go around this school.
0:22:36 > 0:22:39We'll offer, like, competitions and they'll have prizes
0:22:39 > 0:22:42and maybe, hopefully, they'll have...
0:22:42 > 0:22:45the prizes could, hopefully, be with other businesses
0:22:45 > 0:22:47getting involved in sponsoring those prizes.
0:22:47 > 0:22:49And would you go...branch out of the UK
0:22:49 > 0:22:52when you hit a certain amount of people or would you try and...?
0:22:52 > 0:22:56I think that would really be for the future, like, after a few...
0:22:56 > 0:22:58maybe more, five years of the website.
0:22:58 > 0:23:01See how it's going and see what stage it is at.
0:23:01 > 0:23:03Thank you very much for pitching. It was a great pitch.
0:23:03 > 0:23:05- Thank you.- BOTH: Thank you.- Bye. - See you lot.
0:23:05 > 0:23:09Phoebe and Joe seem confident, but have they done enough?
0:23:13 > 0:23:17- Next to face Jamal - Ukantoo. Good luck, Jasper.- Thank you.
0:23:17 > 0:23:21All that's left to say - present your pitch.
0:23:21 > 0:23:23Hi, my name is Jasper.
0:23:23 > 0:23:26I was given a ukulele and a lesson book when I was six, and by the
0:23:26 > 0:23:30end of the weekend, I could play and sing along to three simple tunes.
0:23:30 > 0:23:32I was hooked and wanted to learn more.
0:23:32 > 0:23:35I will teach the kids how to play ukulele through online video
0:23:35 > 0:23:40tutorials, downloadable PDF song books, one-to-one video lessons
0:23:40 > 0:23:41and group play-along sessions.
0:23:41 > 0:23:44To make my money, my parents will post my videos
0:23:44 > 0:23:46to popular video sharing websites,
0:23:46 > 0:23:49where I'll hopefully generate advertising revenue.
0:23:49 > 0:23:51Secondly, and most importantly,
0:23:51 > 0:23:53I would direct my followers to a web-based funding site
0:23:53 > 0:23:55where I will encourage them to pledge
0:23:55 > 0:23:58from £1 to £40 on a tiered basis, monthly.
0:23:58 > 0:24:02As they get higher payments, they get more rewards.
0:24:02 > 0:24:05Thanks for listening. I look forward to your questions.
0:24:12 > 0:24:17Pitch perfect from Jasper, but has he hit right note with the guru?
0:24:17 > 0:24:21The first question I have is, if your time is taken up doing
0:24:21 > 0:24:25other stuff in your business, what other roles would you need?
0:24:25 > 0:24:29Ooh, a tricky first question stumps Jasper.
0:24:29 > 0:24:34He has pressed Pause My Pitch. Now the guru can't hear anything.
0:24:34 > 0:24:36Emma-Jayne to the rescue.
0:24:36 > 0:24:39- Hi, Jasper.- Hi.- You're doing so well. So, what's the question?
0:24:39 > 0:24:42He asked me what other roles will I be doing.
0:24:42 > 0:24:45OK, I think he was asking more about what staff you'd need.
0:24:45 > 0:24:47- Oh, sorry. Yeah. - As your business gets bigger.
0:24:47 > 0:24:50So, you'd probably need someone to look after your social media,
0:24:50 > 0:24:52- you'd also probably need some more teachers like you.- Yeah, OK.
0:24:52 > 0:24:55You might need someone to be in charge of admin,
0:24:55 > 0:24:58- like all your paperwork, your bills, your accounts.- Yeah, yeah.- OK?
0:24:58 > 0:25:01- Are you happy with that answer? - Yeah.- OK, you've got it.- Thank you.
0:25:08 > 0:25:12To answer your question, first, I would need administration,
0:25:12 > 0:25:15so, handling all my paperwork and bills.
0:25:15 > 0:25:19Secondly, I would need people to take control
0:25:19 > 0:25:21of my social media sites.
0:25:21 > 0:25:25Also, finally, as there's more demand for my videos,
0:25:25 > 0:25:27I would need other tutors.
0:25:27 > 0:25:29And last question, would you collaborate
0:25:29 > 0:25:31with any other instruments outside of ukulele?
0:25:31 > 0:25:34I do play the trumpet and drums,
0:25:34 > 0:25:36so this business is definitely expandable.
0:25:36 > 0:25:37- Thank you very much.- Thank you.
0:25:42 > 0:25:44Our pitchers have done all they can.
0:25:44 > 0:25:49Will it be Ukantoo, DiDi Directions or Kiductions.com
0:25:49 > 0:25:51that come away with a year's worth of pocket money
0:25:51 > 0:25:55and an exclusive chance to spend time with our guru
0:25:55 > 0:25:57Jamal behind the scenes in his business?
0:25:59 > 0:26:02Fantastic business ideas there. What did you think of them?
0:26:02 > 0:26:04Kiductions, what I loved about you was
0:26:04 > 0:26:07I felt you were solving problems for adults.
0:26:07 > 0:26:09So, a lot of adults don't want their kids to go online
0:26:09 > 0:26:12and they're a bit scared, so I saw that was a massive solution
0:26:12 > 0:26:14to a problem.
0:26:14 > 0:26:17DiDi Directions, what I liked about you is the idea of you bringing
0:26:17 > 0:26:21the family together, collaborating to make memories more memorable.
0:26:21 > 0:26:22I think that is great.
0:26:22 > 0:26:25And Jasper, what I love about you is that you have given back,
0:26:25 > 0:26:27even though you are at such a young age.
0:26:27 > 0:26:29So, that is great as well.
0:26:29 > 0:26:33Jamal, who is your prize pitcher today?
0:26:34 > 0:26:37The pitcher I have chosen is...
0:26:47 > 0:26:50- ..Kiductions. - CHEERING
0:26:52 > 0:26:55- Well done.- Thank you. Thank you. - You've done it.
0:26:55 > 0:26:57Phoebe and Joe, how do you feel?
0:26:57 > 0:26:59- Wow. My heart.- Wow. I don't know.
0:26:59 > 0:27:03It's just so brilliant. It's just amazing.
0:27:03 > 0:27:06Well done, guys. You've done a brilliant job.
0:27:06 > 0:27:09So, I went for Kiductions cos I felt like their pitch was quite
0:27:09 > 0:27:13organised in terms of the financial, the marketing, how they're going to
0:27:13 > 0:27:16make the money, what they're going to spend the money on and so on.
0:27:16 > 0:27:18I really liked Ukantoo.
0:27:18 > 0:27:19Being at such a young age
0:27:19 > 0:27:23and wanting to give back to his community is very important.
0:27:23 > 0:27:26The DiDi idea as well was really good because it would be great to
0:27:26 > 0:27:30bring everyone together to sort of make happy memories.
0:27:30 > 0:27:33I always find it inspiring to have kids at a younger age, like,
0:27:33 > 0:27:35coming up and coming up with, like, fully fledged ideas.
0:27:35 > 0:27:36So, yeah, it's great.
0:27:37 > 0:27:40Now with a year's worth of pocket money,
0:27:40 > 0:27:44Phoebe and Joe can start to turn their business into a reality.
0:27:44 > 0:27:46Action.
0:27:46 > 0:27:49In the last show of the series, find out how Jamal helped them
0:27:49 > 0:27:52in Pocket Money Pitch - What Happened Next.