0:00:02 > 0:00:04Imagine a year's worth of pocket money up for grabs,
0:00:04 > 0:00:07just waiting for kids like you from across the UK
0:00:07 > 0:00:10to come up with a winning business pitch.
0:00:10 > 0:00:11- I'm from Warwick. - I'm from Birmingham.
0:00:11 > 0:00:13We're from Leicestershire.
0:00:13 > 0:00:15Could you spot a gap in the market?
0:00:15 > 0:00:18My business idea is to grow fresh fruit and vegetables
0:00:18 > 0:00:20in my back garden and sell them to my neighbours
0:00:20 > 0:00:22and my local community.
0:00:22 > 0:00:25What's your big idea?
0:00:25 > 0:00:27Our business idea is...
0:00:27 > 0:00:28Freshly made waffles.
0:00:28 > 0:00:32Or are you the next Branson, Sugar or Dyson?
0:00:32 > 0:00:34My business idea is Box Rouge.
0:00:34 > 0:00:36Gift boxes for teenage girls.
0:00:36 > 0:00:40Now, budding entrepreneurs are entering the Pocket Money Pitch off.
0:00:40 > 0:00:44All are hoping to secure that valuable pot of cash
0:00:44 > 0:00:47and the priceless help of our top industry gurus
0:00:47 > 0:00:50to kick-start their businesses.
0:00:50 > 0:00:53They will have just one chance to call for help.
0:00:54 > 0:00:55And this is it.
0:00:55 > 0:00:57The Pause My Pitch button.
0:00:57 > 0:01:02One guru to impress, only one idea can come out on top.
0:01:04 > 0:01:05This is Pocket Money Pitch.
0:01:14 > 0:01:17Pocket Money Pitchers, it's time to go head-to-head.
0:01:19 > 0:01:20Present your pitch.
0:01:20 > 0:01:21The pitcher...
0:01:21 > 0:01:22I've chosen...
0:01:22 > 0:01:24Is...
0:01:35 > 0:01:37We have searched the whole of the UK
0:01:37 > 0:01:40to find the best young business talent.
0:01:42 > 0:01:44And you didn't disappoint.
0:01:44 > 0:01:48In each episode, six businesses will battle it out.
0:01:48 > 0:01:50Today, our pitchers want to play a big part
0:01:50 > 0:01:52in the toys and games market,
0:01:52 > 0:01:56a sector worth nearly £6 billion in the UK.
0:01:57 > 0:02:00Only three will get the chance to pitch to today's guru,
0:02:00 > 0:02:02Michael Acton Smith.
0:02:02 > 0:02:05Michael is one of the most creative brains in the industry.
0:02:05 > 0:02:09He launched an online game played by millions.
0:02:11 > 0:02:14Our pitchers can improve their chances of impressing Michael
0:02:14 > 0:02:17by winning over the business buddies.
0:02:17 > 0:02:19There's no playing around with these top entrepreneurs.
0:02:19 > 0:02:21They will be picking out the ideas
0:02:21 > 0:02:24that they think could be the next big thing.
0:02:24 > 0:02:26So, they are our buddies.
0:02:26 > 0:02:27Who are our pitchers?
0:02:29 > 0:02:32First up are 12-year-olds Tom and Curtis
0:02:32 > 0:02:33and 13-year-old Calum.
0:02:33 > 0:02:35They are from Nottingham.
0:02:35 > 0:02:36We're three best friends.
0:02:36 > 0:02:38And we're skateboarding mad.
0:02:38 > 0:02:40We're always skateboarding.
0:02:40 > 0:02:43They will go head-to-head with nine-year-old Harri
0:02:43 > 0:02:46and 11-year-old Tomas from Swansea.
0:02:46 > 0:02:47We're brothers.
0:02:47 > 0:02:49And we're the best of friends.
0:02:49 > 0:02:51We do everything together.
0:02:51 > 0:02:53And we love playing outside on our scooters.
0:02:59 > 0:03:01The two teams will go head-to-head
0:03:01 > 0:03:03and whoever gets the most votes from our buddies
0:03:03 > 0:03:06will go to pitch to the guru.
0:03:06 > 0:03:09First up, it's Designa Skates.
0:03:10 > 0:03:13Our product is a miniature skateboard
0:03:13 > 0:03:15that you use your fingers to ride.
0:03:15 > 0:03:17It is made completely out of scrap paper,
0:03:17 > 0:03:21using various processes to harden and decorate it.
0:03:21 > 0:03:23Our unique selling points are that the fingerboards
0:03:23 > 0:03:26are eco-friendly and are attached to a key chain,
0:03:26 > 0:03:28but can be taken off for use.
0:03:28 > 0:03:31We designed a survey through social media, looking at quality,
0:03:31 > 0:03:33price and design.
0:03:33 > 0:03:3665% agreed that designs were really important.
0:03:36 > 0:03:38This is our big unique selling point.
0:03:38 > 0:03:41Being able to customise your board is really cool.
0:03:41 > 0:03:46The overall cost of a fingerboard using recycled paper is £1.60.
0:03:46 > 0:03:50Selling at £5 each, this is £3.40 profit per fingerboard.
0:03:50 > 0:03:53The trick is, get on "board" and invest in Designa Skates.
0:03:53 > 0:03:55And we'll really "ramp up" the business.
0:03:57 > 0:04:02The boys are hoping to "skate away" with the buddies' votes.
0:04:02 > 0:04:06But Tomas and Harri want to give them a run for their money.
0:04:08 > 0:04:11Today, we would like to tell you about our idea
0:04:11 > 0:04:13for a den-building kit.
0:04:13 > 0:04:15Most children love building dens,
0:04:15 > 0:04:17but they can be a disappointment because it's difficult
0:04:17 > 0:04:19to get the materials together.
0:04:19 > 0:04:21And they don't hold together well.
0:04:21 > 0:04:23A kit should consist of,
0:04:23 > 0:04:26strong fabric squares and triangles,
0:04:26 > 0:04:28Velcro strips for attaching them to each other,
0:04:28 > 0:04:31pole pieces for internal support.
0:04:31 > 0:04:34Our target audience are children aged seven to 12,
0:04:34 > 0:04:37who are old enough to build the den themselves.
0:04:37 > 0:04:40Thank you very much for listening to us today.
0:04:40 > 0:04:42Nice one, lads.
0:04:42 > 0:04:45The buddies have two cool ideas to toy with.
0:04:45 > 0:04:47Denventures or Designa Skates.
0:04:47 > 0:04:48They can choose only one.
0:04:48 > 0:04:52First to vote, it's Emily, a successful product designer.
0:04:53 > 0:04:55I'm going for Denventure.
0:04:57 > 0:04:59Next up, website wizard Ben.
0:05:01 > 0:05:03I think looking at the market and ways I can help,
0:05:03 > 0:05:06I think I'm going to vote for Denventure.
0:05:06 > 0:05:07With two votes already,
0:05:07 > 0:05:10if Emma-Jayne also votes for Denventure,
0:05:10 > 0:05:13then they will go through to face the guru.
0:05:13 > 0:05:15They are both fantastic ideas and brilliant pitches
0:05:15 > 0:05:19and I'm going to be going for Designa Skates.
0:05:19 > 0:05:21Designa Skates, you've got a vote now.
0:05:21 > 0:05:23You just need the other two buddies to vote for you.
0:05:23 > 0:05:26Denventure, you just need one of the buddies to vote for you
0:05:26 > 0:05:29and you'll go through to the next round. Amber.
0:05:29 > 0:05:33With my experience, I think I can add the most value to Denventure.
0:05:33 > 0:05:35Denventure, there you go.
0:05:35 > 0:05:37You are going through to the next round.
0:05:37 > 0:05:40But before we leave it there, let's find out what Bianca thought.
0:05:40 > 0:05:42I thought both pitches were very good,
0:05:42 > 0:05:44but I have very fond memories of building dens.
0:05:44 > 0:05:47So, I'm going to go with Denventure.
0:05:47 > 0:05:49It's a win for Denventure,
0:05:49 > 0:05:53and a valiant effort from Designa Skates,
0:05:53 > 0:05:56who aren't ready to hang up their skates just yet.
0:05:56 > 0:05:59This isn't the last of Designa Skates.
0:05:59 > 0:06:00You will see us again.
0:06:02 > 0:06:05Getting four of the five buddies' votes,
0:06:05 > 0:06:07Tomas and Harri are now in control.
0:06:07 > 0:06:11They can choose which buddy they think will best prepare them
0:06:11 > 0:06:12to face the guru.
0:06:12 > 0:06:14(Who should we go for? Who do you think?)
0:06:14 > 0:06:16(I don't know.)
0:06:16 > 0:06:17They could choose Emily,
0:06:17 > 0:06:20who has experience in launching new products.
0:06:20 > 0:06:25Ben, who knows all about doing business online.
0:06:25 > 0:06:29Amber, who could advise them on how best to sell their product.
0:06:29 > 0:06:32Or Bianca, an expert on marketing.
0:06:34 > 0:06:36There's a lot at stake,
0:06:36 > 0:06:38so it's vital they choose the right one for them.
0:06:40 > 0:06:43So, tell us who you've chosen.
0:06:46 > 0:06:47Ben.
0:06:47 > 0:06:50One happy buddy, off to work with Denventure.
0:06:50 > 0:06:52It's time now for our next head-to-head.
0:06:57 > 0:07:00First, is 12-year-old Joseph from Chichester.
0:07:00 > 0:07:03I want to start my own business one day.
0:07:03 > 0:07:07And that's why I think I'll maybe do well in this competition.
0:07:07 > 0:07:09He's going up against 12-year-old Rachel
0:07:09 > 0:07:12and 13-year-old Lara from Belfast.
0:07:13 > 0:07:16Although we are competitive a lot of the time,
0:07:16 > 0:07:17we love working together
0:07:17 > 0:07:21and that's why we think we'll be successful in business.
0:07:21 > 0:07:25With Suleman as a new addition to our line-up of buddies,
0:07:25 > 0:07:28it's time for Joseph to present his pitch.
0:07:31 > 0:07:35My company, Mathmagicool, is a family fun board game
0:07:35 > 0:07:38to develop and improve mental maths skills.
0:07:38 > 0:07:41You make your way around the board with a roll of a dice
0:07:41 > 0:07:45and answer as many questions in your 30-second time limit as you can.
0:07:45 > 0:07:48The player who answers the most questions correctly at the end
0:07:48 > 0:07:50is the winner.
0:07:50 > 0:07:53The retail price for the board game would be 14.99,
0:07:53 > 0:07:56giving me a total of £10 profit.
0:07:56 > 0:07:59My strategic vision would be to develop an app.
0:07:59 > 0:08:01This app would have regularly updated questions
0:08:01 > 0:08:03and timer functionality.
0:08:03 > 0:08:06The magic is in the numbers, thank you.
0:08:07 > 0:08:09A great summing-up there from Joseph.
0:08:09 > 0:08:12But is it enough to keep him in the game?
0:08:12 > 0:08:16Next, it's Lara and Rachel.
0:08:17 > 0:08:21Our business idea is a history-based board game called Age To Age.
0:08:21 > 0:08:23To play our game, you must roll the dice
0:08:23 > 0:08:28and it will show a draw, mime, explain or question icon.
0:08:28 > 0:08:30The game is played in pairs,
0:08:30 > 0:08:33so at this point you must decide which pair will be doing
0:08:33 > 0:08:37the drawing, miming, explaining or answering the question.
0:08:37 > 0:08:40If you are miming, drawing or explaining,
0:08:40 > 0:08:43you pick up the top card from the pile and read the top word.
0:08:43 > 0:08:45For example, it might be T Rex.
0:08:45 > 0:08:49So, I would have to draw, mime or explain a T Rex.
0:08:51 > 0:08:52If you are answering the question,
0:08:52 > 0:08:55your partner would read the question that was written on the card
0:08:55 > 0:08:58and you would have to answer it correctly within 30 seconds
0:08:58 > 0:09:00to move onto the next square.
0:09:00 > 0:09:01We really believe in our game,
0:09:01 > 0:09:04and we believe that there definitely is a market for it.
0:09:04 > 0:09:06I mean, have you ever seen any history-based board games
0:09:06 > 0:09:08on the shop shelves?
0:09:08 > 0:09:09Because we haven't.
0:09:09 > 0:09:10- Thank you.- Thank you.
0:09:12 > 0:09:14It's the battle of the board games.
0:09:14 > 0:09:18Now, with all to play for, it's down to the buddy votes.
0:09:20 > 0:09:21First up, Bianca.
0:09:24 > 0:09:28I have a fondness for history and I'm going for Age To Age.
0:09:31 > 0:09:33Next, Emily.
0:09:33 > 0:09:36I thought they were both absolutely fantastic.
0:09:36 > 0:09:38But for me it was Age To Age.
0:09:40 > 0:09:43Age To Age have two votes in the bag.
0:09:43 > 0:09:47If Suleman also goes for them, then they have won this head-to-head.
0:09:47 > 0:09:49Very well done to both of you.
0:09:49 > 0:09:51But Mathmagicool, I'm going to go for you.
0:09:53 > 0:09:56Next to vote, it's Emma-Jayne.
0:09:56 > 0:09:58Both really exciting board games.
0:09:58 > 0:10:00But my vote will be going with...
0:10:01 > 0:10:02Mathmagicool.
0:10:05 > 0:10:08Mathmagicool has made a comeback.
0:10:08 > 0:10:10Now, it's all down to Amber.
0:10:19 > 0:10:21It's an incredibly tough decision
0:10:21 > 0:10:23because you both have potential to thrive
0:10:23 > 0:10:26in the educational entertainment space.
0:10:27 > 0:10:31But for me, Mathmagicool, my vote is with you.
0:10:33 > 0:10:34A close one there.
0:10:34 > 0:10:37Lara and Rachel haven't made it through,
0:10:37 > 0:10:40but they're hoping their game will still make history.
0:10:41 > 0:10:45The day's been amazing and you haven't seen the last of Age To Age.
0:10:47 > 0:10:48The tables have turned.
0:10:48 > 0:10:52Joseph now gets to choose one out of the three business buddies
0:10:52 > 0:10:55who voted for him.
0:10:55 > 0:10:58What do you think you can do to improve Mathmagicool?
0:10:58 > 0:11:01The advice I'll be giving you is, "How can we make it stand out
0:11:01 > 0:11:03"from everything else that's on the market at the moment?"
0:11:03 > 0:11:06I recently launched a children's range onto the market,
0:11:06 > 0:11:08so I would definitely be able to help advise you
0:11:08 > 0:11:10on the different retail outlets.
0:11:10 > 0:11:14My experience in the gaming industry and in the toy industry I think
0:11:14 > 0:11:17could really add a lot of value and I'd love to help you with this.
0:11:17 > 0:11:20Joseph can only pick one.
0:11:20 > 0:11:21It's a tough choice.
0:11:22 > 0:11:24I'm going to go for Emma-Jayne.
0:11:26 > 0:11:28Emma-Jayne goes to work with Joseph.
0:11:28 > 0:11:31It's time now for our final head-to-head.
0:11:37 > 0:11:39First up, we have the 14-year-old Abbie
0:11:39 > 0:11:41and 13-year-old Lou from Somerset.
0:11:41 > 0:11:44Because we've known each other for ages, we sort of think the same way
0:11:44 > 0:11:48and that helps us be good business partners.
0:11:48 > 0:11:53They'll be up against 11-year-old Lauren from Bridgend.
0:11:53 > 0:11:56My dad is my business inspiration because he never gives up
0:11:56 > 0:11:57when he is given a task.
0:11:59 > 0:12:01With top chef Luke joining the buddy line-up,
0:12:01 > 0:12:03it's time for the next round.
0:12:03 > 0:12:06First to pitch, Abbie and Luke.
0:12:09 > 0:12:13- BOTH:- Welcome to Froozles, the greatest discovery since air.
0:12:13 > 0:12:15Froozles is a gags-and-gift shop like no other.
0:12:15 > 0:12:18It's not aimed at ages, but at anyone with a good sense of humour.
0:12:20 > 0:12:22With the help of Pocket Money Pitch,
0:12:22 > 0:12:25we would like to create original products and set up a website.
0:12:25 > 0:12:27If we receive the money, we'd spend it on creating
0:12:27 > 0:12:28some of our favourite products.
0:12:28 > 0:12:31What's your favourite product, Abbie?
0:12:31 > 0:12:32Hm, I don't know.
0:12:32 > 0:12:33They're all so good.
0:12:33 > 0:12:37But I do like the biting biscuit tin, a sneaky biscuit tin...
0:12:37 > 0:12:39Oh, biscuits. Don't mind if I do.
0:12:39 > 0:12:40..that bites intruders.
0:12:40 > 0:12:41And helps dieters.
0:12:41 > 0:12:43What are your favourite products?
0:12:43 > 0:12:44I like the talking mistletoe.
0:12:44 > 0:12:46The motion sensor Christmas gimmick that shouts
0:12:46 > 0:12:48when people walk under it.
0:12:48 > 0:12:50- Pukka up, baby.- Give us a kiss.
0:12:50 > 0:12:52- I love you.- Oh, thanks.
0:12:52 > 0:12:54Though it may not be able to bring world peace.
0:12:54 > 0:12:55Or cure diseases.
0:12:55 > 0:12:57Laughter is its own cure.
0:12:57 > 0:12:59To boredom!
0:12:59 > 0:13:03Well, there's no joking, that pitch was fab.
0:13:03 > 0:13:06Next up is Lauren with her company Fancy Rounded.
0:13:09 > 0:13:11This is a Can of Person.
0:13:11 > 0:13:13When you would first receive this in packaging
0:13:13 > 0:13:14it would not look like this,
0:13:14 > 0:13:17it would just look like an ordinary can of baked beans.
0:13:17 > 0:13:20However, with one push of a button within my logo,
0:13:20 > 0:13:24the top bit pops off and reveals the head and the bottom lifts off...
0:13:24 > 0:13:26Pops off to reveal the legs.
0:13:26 > 0:13:28And the hair corresponds to what's on the label.
0:13:28 > 0:13:30In this case, baked beans.
0:13:30 > 0:13:33This also corresponds to the name, which is, for this one,
0:13:33 > 0:13:35Beatrix Baked-Beans.
0:13:35 > 0:13:38I've also come up with some other ideas for names,
0:13:38 > 0:13:42as in Sadie Spaghetti-Hoops and Gertrude Golden-Syrup.
0:13:42 > 0:13:46Thank you for listening to my presentation on Can of People.
0:13:46 > 0:13:49Another fab, fun-filled pitch.
0:13:49 > 0:13:51But who will the buddies vote for?
0:13:51 > 0:13:53First up, Luke.
0:13:54 > 0:13:56Really interesting ideas.
0:13:56 > 0:13:58But I'm going to be going with Froozles.
0:13:59 > 0:14:01Next, it's Amber.
0:14:01 > 0:14:03I'm going to vote for Fancy Rounded.
0:14:05 > 0:14:09With one vote each, it's Bianca's turn.
0:14:09 > 0:14:10I thought both pitches were great,
0:14:10 > 0:14:12but I do like the idea of some more jokes.
0:14:12 > 0:14:14So, I'm going to go Froozles.
0:14:16 > 0:14:18Froozles, you have another vote.
0:14:18 > 0:14:21You just need one more to go through to the next round.
0:14:21 > 0:14:22Emily.
0:14:22 > 0:14:25Really impressed the creativity of both pitches
0:14:25 > 0:14:29and it's really close for me, but just sneaked in, Froozles.
0:14:31 > 0:14:34Froozles, you have made it through to the next round.
0:14:34 > 0:14:36But let's found out what Suleman thought.
0:14:36 > 0:14:40The team that I thought delivered the best business pitch
0:14:40 > 0:14:41was Fancy Rounded.
0:14:43 > 0:14:47Another close result and although Lauren is going home,
0:14:47 > 0:14:49she's not going to "can" her idea.
0:14:51 > 0:14:53I'm just very happy that I got to this stage
0:14:53 > 0:14:56and I'm going to keep developing my idea.
0:14:59 > 0:15:02Now, Abbie and Lou can choose from the three buddies
0:15:02 > 0:15:05who want to be part of the Froozles dream.
0:15:05 > 0:15:08What can you offer us to help?
0:15:08 > 0:15:09There's so many ideas you have.
0:15:09 > 0:15:12But to launch a business you need to focus on just a few,
0:15:12 > 0:15:15so maybe looking at honing down your idea to start with.
0:15:15 > 0:15:18Sounds like you've got some really solid ideas, so I think that
0:15:18 > 0:15:21I could help his probably from more of a numbers point of view.
0:15:21 > 0:15:22I think where I can help
0:15:22 > 0:15:26is really on the marketing and the branding side of things.
0:15:26 > 0:15:27OK.
0:15:27 > 0:15:30We've really, like, focused on something.
0:15:30 > 0:15:32Maybe the numbers or the marketing?
0:15:32 > 0:15:35THEY WHISPER
0:15:35 > 0:15:36Have you decided?
0:15:36 > 0:15:37- BOTH:- Yeah.
0:15:37 > 0:15:39We're going to go for Emily.
0:15:39 > 0:15:40Emily.
0:15:40 > 0:15:42So, Emily's going to be your buddy.
0:15:42 > 0:15:45Go and get yourself prepared and I'll see you in the vault.
0:15:45 > 0:15:47So, six have become three.
0:15:47 > 0:15:50Denventures, Mathmagicool and Froozles.
0:15:50 > 0:15:54They will now get ready to pitch to today's guru, Michael.
0:16:00 > 0:16:03The toys and games industry is a competitive one
0:16:03 > 0:16:06and today's guru, Michael, knows all about
0:16:06 > 0:16:08how to conquer the ups and downs.
0:16:09 > 0:16:11One of the keys to success is creativity.
0:16:11 > 0:16:14Being able to come up with weird and wonderful ideas
0:16:14 > 0:16:16that no-one has ever thought of before.
0:16:16 > 0:16:20So, what will Michael be looking for in the vault?
0:16:20 > 0:16:24I'm looking for a business that's run by very passionate entrepreneurs
0:16:24 > 0:16:26who are really excited about their idea.
0:16:26 > 0:16:29It's really important that no matter how amazing and colourful
0:16:29 > 0:16:31and creative the idea is,
0:16:31 > 0:16:34that at the end of the day it makes a profit.
0:16:34 > 0:16:36Congratulations.
0:16:36 > 0:16:37You did so well.
0:16:37 > 0:16:39- Hey, Louise. Hey, Abbie.- Hi.
0:16:39 > 0:16:41Congratulations. I'm thrilled.
0:16:41 > 0:16:42Massive well done, boys.
0:16:42 > 0:16:45You've done really well for getting this far. I loved your idea.
0:16:45 > 0:16:48- We got you something.- Oh, my goodness. Thank you very much.
0:16:48 > 0:16:50Only one business will win time with Michael
0:16:50 > 0:16:53and a year's worth of pocket money.
0:16:53 > 0:16:57That's £322.40 to turn their business dream into a reality.
0:16:58 > 0:17:01So, what I think we maybe should focus on,
0:17:01 > 0:17:03is the kind of boring business side of it.
0:17:03 > 0:17:04And the numbers.
0:17:04 > 0:17:06The young entrepreneurs need all of the help
0:17:06 > 0:17:08they can get from their business buddies.
0:17:08 > 0:17:10Playtime is over.
0:17:10 > 0:17:12The manufacturing is another thing we need to look at.
0:17:12 > 0:17:15- So, some research on that. Where some factories are.- Yeah.
0:17:15 > 0:17:16Where you can make this.
0:17:16 > 0:17:19And then we can try and get our costings down.
0:17:19 > 0:17:21- Another thing to really work on is your pitch, yeah?- Yeah.
0:17:21 > 0:17:24Because I think there was some parts that were really good
0:17:24 > 0:17:26and really funny and engaging.
0:17:26 > 0:17:28There were other parts that weren't quite as that.
0:17:28 > 0:17:30Your product is all about fun
0:17:30 > 0:17:32and so I really want to make sure that comes across.
0:17:32 > 0:17:34- Right, to business.- Yes.
0:17:36 > 0:17:38Now, while the Pocket Money Pitchers get ready,
0:17:38 > 0:17:42the vault is preparing for the final showdown.
0:17:42 > 0:17:44The mission to win over the gurus.
0:17:44 > 0:17:49But if at any point the pitchers get stuck, they can press this,
0:17:49 > 0:17:53the Pause My Pitch button and the guru will be locked away
0:17:53 > 0:17:56and the buddy will be able to run on and help them.
0:17:56 > 0:17:59But they need to choose their time wisely with this
0:17:59 > 0:18:02because they can only Pause My Pitch once.
0:18:09 > 0:18:12Michael is looking for passionate pitchers
0:18:12 > 0:18:15with a fun idea that could make a big profit.
0:18:15 > 0:18:18Harri and Tomas are the first to enter the vault.
0:18:18 > 0:18:21Their buddy, Ben, is watching backstage
0:18:21 > 0:18:24just in case they need to call him into their den.
0:18:24 > 0:18:25Good luck.
0:18:25 > 0:18:27Present your pitch.
0:18:28 > 0:18:31Why not join us on a journey to build an awesome den?
0:18:31 > 0:18:35The kind of den kids dream of around the age of ten.
0:18:35 > 0:18:38Just call your friends together, put your den kit to the test.
0:18:38 > 0:18:43- BOTH:- I think you'll soon discover Denventure is the best.
0:18:43 > 0:18:47Today we would like to tell you about our idea
0:18:47 > 0:18:48for a den building kit.
0:18:48 > 0:18:53A kit should consist of strong fabric squares and triangles,
0:18:53 > 0:18:55pole pieces for internal supports
0:18:55 > 0:18:58and a short booklet of possible den shapes.
0:18:58 > 0:19:03Our main competitors sell polls that you can throw sheets over.
0:19:03 > 0:19:04That's not good enough.
0:19:04 > 0:19:09So, our unique selling point are the ready-made fabric pieces.
0:19:09 > 0:19:11Thank you very much for listening to us today.
0:19:11 > 0:19:13Smashing work.
0:19:13 > 0:19:15Now, before he dives into a Denventure,
0:19:15 > 0:19:18Michael wants to know a bit more.
0:19:18 > 0:19:21Well, tell me, where did the original idea come from?
0:19:21 > 0:19:25Well, we like playing outdoors with smaller construction ties,
0:19:25 > 0:19:29so we thought it would be a good idea to combine it with den making.
0:19:31 > 0:19:33So, we came up with Denventure.
0:19:33 > 0:19:35Planning in business is very important,
0:19:35 > 0:19:38so I'd be really keen to know what your projections are
0:19:38 > 0:19:42for revenue and profit over the next few years.
0:19:43 > 0:19:47He wants to know how much money they think they are going to make.
0:19:47 > 0:19:48It's a toughie.
0:19:51 > 0:19:53They've paused their pitch, locking away Michael,
0:19:53 > 0:19:56while they get some help from Ben.
0:19:56 > 0:19:58Well done, boys. You're doing really well.
0:19:58 > 0:20:01So, remember what our plans were to sell him.
0:20:01 > 0:20:03- We had...was it 1,000 in the first year?- Yeah.
0:20:03 > 0:20:05How many are you going to sell in the second year, can you remember?
0:20:05 > 0:20:08- Erm...- 10,000.- 10,000. And what about a third year?
0:20:08 > 0:20:09- 20,000.- 20,000.
0:20:09 > 0:20:1220,000. So you've got to £24 profit.
0:20:12 > 0:20:16- Yep.- So, that means you have £24,000 profit in the first year.
0:20:16 > 0:20:18Yeah.
0:20:18 > 0:20:21Then in the second year, you've got 240,000.
0:20:21 > 0:20:22Oh, OK.
0:20:22 > 0:20:24Then in the third year, 480,000.
0:20:24 > 0:20:26Ooh.
0:20:26 > 0:20:28- Yeah. Do think you can remember that?- Yeah, yeah.- Big numbers.
0:20:28 > 0:20:30Are you ready?
0:20:37 > 0:20:42In the first year, we should get 24,000.
0:20:42 > 0:20:45In the second year 240,000.
0:20:45 > 0:20:49And in the third year 480,000.
0:20:49 > 0:20:51Great, thank you very much.
0:20:51 > 0:20:53- Thank you.- Thank you.
0:20:53 > 0:20:56Well done for remembering those numbers, lads.
0:21:00 > 0:21:03Next up, it's Mathmagicool,
0:21:03 > 0:21:06who's hoping to get Michael on his side with his game.
0:21:06 > 0:21:08Good luck, Joseph.
0:21:08 > 0:21:09Present your pitch.
0:21:09 > 0:21:13Hi, today I'd like to pitch to you my business idea.
0:21:13 > 0:21:16Recently, I'd really struggled with mental maths skills.
0:21:16 > 0:21:18That's where my idea comes in.
0:21:18 > 0:21:21My company, Mathmagicool, is a family-fun board game
0:21:21 > 0:21:25to improve and build confidence in mental maths skills.
0:21:25 > 0:21:28You make your way around the board with a roll of the dice
0:21:28 > 0:21:33and answer as many questions as you can in your 30-second time limit.
0:21:33 > 0:21:37The player who answers the most questions correctly wins.
0:21:37 > 0:21:40Research shows that I can make my board for £3.
0:21:40 > 0:21:44I will then sell on to retailers for £8.
0:21:44 > 0:21:47This would give me a profit of £5.
0:21:47 > 0:21:50My strategic vision would be to develop an app.
0:21:50 > 0:21:55This app would contain regularly updated questions,
0:21:55 > 0:21:58dice and timer functionality,
0:21:58 > 0:22:01an avatar, which is basically a character you can create
0:22:01 > 0:22:03to work around the board.
0:22:03 > 0:22:05Now, remember.
0:22:05 > 0:22:06The magic is in the numbers.
0:22:06 > 0:22:07Thank you.
0:22:09 > 0:22:13Joseph has nailed the numbers in his business plan as well as his game.
0:22:13 > 0:22:15And Michael's keen to know more.
0:22:16 > 0:22:18I love the name.
0:22:18 > 0:22:20Can grown-ups play against children, as well?
0:22:20 > 0:22:22Yes, because there's different questions
0:22:22 > 0:22:24based on school year groups
0:22:24 > 0:22:26and there is an adult set of cards.
0:22:26 > 0:22:30We wanted that so there'd be family interaction,
0:22:30 > 0:22:34so children don't feel like their parents are making them play it.
0:22:34 > 0:22:36They can have fun with it.
0:22:36 > 0:22:40And have you thought about expanding beyond the game and the app?
0:22:40 > 0:22:43Are there other categories that you'd like to get into?
0:22:43 > 0:22:46Yes, I'd love to make different editions, different subjects,
0:22:46 > 0:22:47not just maths.
0:22:47 > 0:22:51I just really want to help children feel like it's not just boring,
0:22:51 > 0:22:54we can make learning interesting.
0:22:54 > 0:22:56- Great, very impressive. Thank you very much.- Thank you.
0:22:56 > 0:23:00There's no doubt about Joseph's passion, a great pitch.
0:23:05 > 0:23:09And last in the vault, are Abbie and Lou.
0:23:11 > 0:23:13Good luck. Present your pitch.
0:23:13 > 0:23:17- BOTH:- Welcome to Froozles, the greatest discovery since air.
0:23:17 > 0:23:20Froozles is a gags-and-gift shop like no other.
0:23:20 > 0:23:21With the help of Pocket Money Pitch,
0:23:21 > 0:23:24we would like to create original products and set up a website.
0:23:24 > 0:23:26If we receive the money we'd spend it on creating
0:23:26 > 0:23:27some of our favourite products.
0:23:27 > 0:23:29What's your favourite product, Abbie?
0:23:29 > 0:23:31Hm, I don't know.
0:23:31 > 0:23:32They're all so good.
0:23:32 > 0:23:35But I do like the biting biscuit tin...
0:23:35 > 0:23:36Oh, biscuits. Don't mind if I do.
0:23:36 > 0:23:38..that bites intruders.
0:23:38 > 0:23:39And helps dieters.
0:23:39 > 0:23:42Another food-related item are the Chewdebby Eggings egg cups.
0:23:42 > 0:23:45You can "be-egg" your egg using a "spaxe".
0:23:45 > 0:23:46Which has a spoon at one end
0:23:46 > 0:23:48and either a sword or an axe at the other.
0:23:48 > 0:23:51We hope you have enjoyed listening to our big ideas and plans.
0:23:51 > 0:23:53- BOTH:- Is the world ready for Froozles?
0:23:53 > 0:23:56- BOTH:- Froozles, expect the unexpected.
0:23:56 > 0:23:59What a great pitch, thank you. Very entertaining.
0:23:59 > 0:24:02I'm going to put my serious business face on now.
0:24:02 > 0:24:04So, you mentioned a website.
0:24:04 > 0:24:06So, have you got a website sorted out?
0:24:06 > 0:24:07Have you got the domain ready?
0:24:07 > 0:24:10- BOTH:- Erm... - THEY LAUGH
0:24:10 > 0:24:12Erm... We'd like to buy a domain name.
0:24:12 > 0:24:16And we've checked to see whether froozles.com, I think, is...
0:24:16 > 0:24:19and it's not taken. So, that's one of the things that we...
0:24:19 > 0:24:21It's not taken. Great.
0:24:21 > 0:24:25And tell me about your projections over the next couple of years.
0:24:25 > 0:24:29How much are you forecasting in revenue and profit?
0:24:29 > 0:24:30- I don't know.- Shall we?
0:24:30 > 0:24:31Yeah. Go on.
0:24:36 > 0:24:38It's those pesky projections again.
0:24:38 > 0:24:41And Abbie and Lou need some help from Emily.
0:24:41 > 0:24:44Do you remember we talked about... with your biggest competitor.
0:24:44 > 0:24:46- Yeah.- Yes.- I remember that bit. - What do they turn over?
0:24:46 > 0:24:48- BOTH:- 60 million. - 60 million.- A year.
0:24:48 > 0:24:51So, you can say our biggest competitor in the United Kingdom
0:24:51 > 0:24:54turns over 60 million and with our superior ideas,
0:24:54 > 0:24:57- or our magical ideas...- Yep. - ..we want to beat that.
0:24:57 > 0:24:59- OK.- Fantastic. Good luck, guys.
0:25:07 > 0:25:13Erm... Well, our highest competitor turns over £60 million a year.
0:25:13 > 0:25:17And with our fantastic Froozle ideas, we would like to beat that.
0:25:17 > 0:25:19Wow, those are big figures.
0:25:19 > 0:25:20Fantastic.
0:25:20 > 0:25:24- Well, thank you very much, Louise, Abbie.- Thank you.
0:25:24 > 0:25:26Well, they are not short of ambition.
0:25:26 > 0:25:27Or fun.
0:25:34 > 0:25:36All three of our businesses
0:25:36 > 0:25:39have delivered passionate and entertaining pitches.
0:25:39 > 0:25:42But only one can receive the pocket money.
0:25:42 > 0:25:45Well, Denventure.
0:25:45 > 0:25:48Brilliant. Very creative. Very innovative.
0:25:48 > 0:25:50Joseph, really confident. I love that.
0:25:50 > 0:25:53You knew your financials inside out.
0:25:53 > 0:25:56And last but not least, the Froozle's.
0:25:56 > 0:25:57What a double act.
0:25:57 > 0:25:59I think we're going to be seeing a lot more of you two in the future.
0:25:59 > 0:26:01I've no idea how I'm going to decide.
0:26:01 > 0:26:04But he can only choose one business.
0:26:04 > 0:26:08So, Michael, who is your prize pitcher for today?
0:26:08 > 0:26:12Well, the picture I have chosen is...
0:26:24 > 0:26:25Denventure.
0:26:29 > 0:26:30Well done. Amazing.
0:26:36 > 0:26:39I chose Denventure because I thought it was a great idea.
0:26:39 > 0:26:42We know how popular building is online
0:26:42 > 0:26:46and offline and doing it in the garden... This could be huge.
0:26:46 > 0:26:47Found the whole experience...
0:26:47 > 0:26:48Really great.
0:26:48 > 0:26:50- Yeah, amazing.- Yeah.
0:26:50 > 0:26:51Just... Oh, yes! We won!
0:26:53 > 0:26:56I was really surprised and impressed by all of the pitches.
0:26:56 > 0:26:58I thought everyone was fantastic.
0:26:58 > 0:27:01I'm feeling really disappointed, but it's not the end.
0:27:01 > 0:27:02I'm going to carry on.
0:27:02 > 0:27:05Gutted, but at least we lost to a really good team.
0:27:07 > 0:27:09- Good morning.- Good morning.
0:27:09 > 0:27:12Now, Tomas and Harri have a year's worth of pocket money
0:27:12 > 0:27:15to help get Denventure off the ground.
0:27:15 > 0:27:18Today, I thought it would be really good to explore
0:27:18 > 0:27:19maybe creating a logo.
0:27:19 > 0:27:22- Do you like it?- Wow.- It's amazing.
0:27:22 > 0:27:24So, am I hired?
0:27:24 > 0:27:25Yeah.
0:27:25 > 0:27:28Find out what they learned from their time with Michael
0:27:28 > 0:27:32in Pocket Money Pitch: What Happened Next at the end of the series.