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I'm not here to make friends. | 0:00:02 | 0:00:03 | |
It's business. | 0:00:03 | 0:00:05 | |
Lord Sugar is on the lookout for a brand-new business partner. | 0:00:05 | 0:00:09 | |
I need to see who's got a good business brain. | 0:00:10 | 0:00:13 | |
At stake, £250,000... | 0:00:15 | 0:00:18 | |
I feel so angry. | 0:00:18 | 0:00:20 | |
There's no winner here. | 0:00:20 | 0:00:22 | |
..and a 50-50 deal with a business heavyweight. | 0:00:22 | 0:00:26 | |
That's a massive, massive win. | 0:00:26 | 0:00:28 | |
Action! | 0:00:28 | 0:00:29 | |
It's an investment worth fighting for. | 0:00:29 | 0:00:32 | |
Hang on a minute. Let me finish. | 0:00:32 | 0:00:33 | |
-You've got to tell her! -I said it to her there! -No, you didn't! | 0:00:33 | 0:00:35 | |
I'm fuming. | 0:00:35 | 0:00:37 | |
12 testing weeks... | 0:00:37 | 0:00:39 | |
Thought that was a bit of a car crash, to be honest. | 0:00:39 | 0:00:41 | |
That was brutal. | 0:00:41 | 0:00:42 | |
..one life-changing opportunity. | 0:00:42 | 0:00:44 | |
You're fired. You're fired. | 0:00:44 | 0:00:46 | |
You are a loose cannon. | 0:00:46 | 0:00:48 | |
You're fired. | 0:00:48 | 0:00:50 | |
Previously on The Apprentice... | 0:00:58 | 0:00:59 | |
I want you to create your own gin. | 0:00:59 | 0:01:01 | |
I can honestly put my hands up and say I've tried a lot of gin. | 0:01:01 | 0:01:04 | |
..Grainne took a second shot as product manager. | 0:01:04 | 0:01:07 | |
I have to stop drinking this. | 0:01:07 | 0:01:08 | |
But the task went to her head. | 0:01:08 | 0:01:10 | |
And...I keep forgetting, I don't want... | 0:01:10 | 0:01:12 | |
I want it to be... But... | 0:01:12 | 0:01:14 | |
Trishna's bold colouring... | 0:01:14 | 0:01:16 | |
Orange, quite a dark-ish orange. | 0:01:16 | 0:01:18 | |
..meant they were hammered in their pitches. | 0:01:18 | 0:01:21 | |
-The colour of the liquid is somewhat different. -Yeah. | 0:01:21 | 0:01:24 | |
And team relations turned sour. | 0:01:24 | 0:01:26 | |
If you don't think what's going to happen is effective, | 0:01:26 | 0:01:28 | |
you've got to tell her! | 0:01:28 | 0:01:29 | |
-You've got to be able to direct the room. -What?! | 0:01:29 | 0:01:31 | |
-On Courtney's team... -I feel like it's a bit lame. | 0:01:31 | 0:01:34 | |
..creativity dried up. | 0:01:34 | 0:01:36 | |
Choose your concept - which one? | 0:01:36 | 0:01:37 | |
Trouble was brewing... | 0:01:37 | 0:01:39 | |
-What name have you gone for? -Giin. G-I-I-N. | 0:01:39 | 0:01:42 | |
I think you've made the wrong call. | 0:01:42 | 0:01:43 | |
The correct way of pronouncing it is "zhin". | 0:01:43 | 0:01:45 | |
..and he almost lost his bottle. | 0:01:45 | 0:01:47 | |
Er, erm... Where are we on this one? | 0:01:47 | 0:01:49 | |
In the boardroom, | 0:01:49 | 0:01:51 | |
Giin hit the spot... | 0:01:51 | 0:01:53 | |
Final five, final five! | 0:01:53 | 0:01:54 | |
..while Colony was confined to history. | 0:01:54 | 0:01:57 | |
The product has got so many faults with it. | 0:01:57 | 0:01:59 | |
For Grainne, a sobering experience. | 0:01:59 | 0:02:02 | |
Every time there's an opportunity for you to excel, you haven't. | 0:02:02 | 0:02:05 | |
But for Trishna, last orders. | 0:02:05 | 0:02:08 | |
Bad moods, having the hump - | 0:02:08 | 0:02:10 | |
that's not the calibre of person that I could work with. | 0:02:10 | 0:02:14 | |
She became the 12th casualty of the boardroom. | 0:02:14 | 0:02:16 | |
You're fired. | 0:02:16 | 0:02:17 | |
Now five remain to fight for the chance to become | 0:02:17 | 0:02:21 | |
Lord Sugar's business partner. | 0:02:21 | 0:02:23 | |
One week till Lord Sugar makes his final choice. | 0:02:34 | 0:02:37 | |
PHONE RINGS | 0:02:37 | 0:02:39 | |
-Hello, good morning. -'Good morning. | 0:02:39 | 0:02:41 | |
'Lord Sugar would like you to meet him tomorrow morning | 0:02:41 | 0:02:43 | |
'at 122 Leadenhall Street, | 0:02:43 | 0:02:45 | |
'and please bring your business plans with you.' | 0:02:45 | 0:02:47 | |
Cheers, thank you. Bye-bye. | 0:02:47 | 0:02:49 | |
So...tasks are over. | 0:02:51 | 0:02:53 | |
We're going to be doing interviews. | 0:02:53 | 0:02:55 | |
-Wow. -This is serious now. | 0:02:55 | 0:02:56 | |
-One of us is going to be his business partner. -Argh! | 0:02:56 | 0:02:59 | |
For the final five... | 0:03:03 | 0:03:04 | |
..a last chance to go over their business plans. | 0:03:06 | 0:03:10 | |
I think Lord Sugar is quite intrigued by me. | 0:03:10 | 0:03:13 | |
Despite losing eight tasks, | 0:03:13 | 0:03:15 | |
kids' clothing retailer Frances Bishop | 0:03:15 | 0:03:18 | |
still has her eye on the prize. | 0:03:18 | 0:03:20 | |
What I'm proud most of is that I've stuck to being myself. | 0:03:22 | 0:03:25 | |
And whether people like that or not, | 0:03:25 | 0:03:27 | |
I couldn't really give a monkey's arse, | 0:03:27 | 0:03:28 | |
because I'm here and they're probably gone now. | 0:03:28 | 0:03:31 | |
Year one... | 0:03:31 | 0:03:32 | |
Grainne McCoy has 15 years' experience in the beauty industry. | 0:03:32 | 0:03:37 | |
I think everybody thought, "Oh, she's just a make-up artist." | 0:03:37 | 0:03:40 | |
But I'm a make-up artist who wants to think outside the box. | 0:03:40 | 0:03:43 | |
I want the agency, I want the recruitment side, the training, | 0:03:43 | 0:03:45 | |
and I need to really show them that I will work hard to create it. | 0:03:45 | 0:03:49 | |
It's business time. | 0:03:49 | 0:03:51 | |
Novelty gift designer Courtney Wood | 0:03:51 | 0:03:53 | |
set up his own business three years ago. | 0:03:53 | 0:03:56 | |
They're going to go through every fine detail, | 0:03:57 | 0:03:59 | |
but I entered this process cos I knew I could win it. | 0:03:59 | 0:04:02 | |
These interviews are just another hurdle, | 0:04:02 | 0:04:04 | |
one final step to actually showing Lord Sugar what I'm made of. | 0:04:04 | 0:04:07 | |
If you'd asked me week one or two if I'd be in the final five, no way. | 0:04:08 | 0:04:11 | |
But I'm here! And that's all that matters. | 0:04:11 | 0:04:13 | |
24-year-old cake manufacturer Alana Spencer... | 0:04:15 | 0:04:18 | |
I think it's really important that the interviewers | 0:04:18 | 0:04:20 | |
are able to try the cakes. | 0:04:20 | 0:04:21 | |
..has been running her business since the age of 17. | 0:04:21 | 0:04:25 | |
I've been doing it for a long time, | 0:04:25 | 0:04:27 | |
so there's no doubt in my mind this business will work. | 0:04:27 | 0:04:32 | |
I just hope none of them have got a nut allergy - | 0:04:32 | 0:04:34 | |
finish one of them off. | 0:04:34 | 0:04:36 | |
128 grand. Oh, that's a lot, isn't it? | 0:04:36 | 0:04:39 | |
Internet fashion entrepreneur Jessica Cunningham | 0:04:39 | 0:04:42 | |
was top salesperson in multiple tasks. | 0:04:42 | 0:04:46 | |
I've just been reading through my business plan, | 0:04:46 | 0:04:48 | |
and there's a few grammatical errors. | 0:04:48 | 0:04:50 | |
However, the numbers all seem to add up, so... | 0:04:50 | 0:04:53 | |
Delete. | 0:04:53 | 0:04:54 | |
I've had businesses in the past. | 0:04:54 | 0:04:56 | |
I am a credible businesswoman. | 0:04:56 | 0:04:58 | |
I'm confident in my ability, and I know what I'm talking about. | 0:04:58 | 0:05:01 | |
Fingers crossed! | 0:05:01 | 0:05:03 | |
I'm going to need a lot of deodorant. | 0:05:11 | 0:05:13 | |
I definitely think Claude's going to make me perspirate. | 0:05:15 | 0:05:19 | |
-Really nice. -Lucky dress! | 0:05:19 | 0:05:21 | |
-Nervous? -Never. | 0:05:35 | 0:05:38 | |
I am going to be cool, calm and collected today, | 0:05:38 | 0:05:41 | |
and I'm going to nail this. | 0:05:41 | 0:05:42 | |
They want to know every aspect of you. Every aspect. | 0:05:44 | 0:05:48 | |
What makes you tick, what makes you crumble. | 0:05:48 | 0:05:50 | |
It's exciting. | 0:05:50 | 0:05:51 | |
The Leadenhall Building. | 0:05:55 | 0:05:57 | |
18,000 tonnes of steel in the heart of London's financial district. | 0:05:57 | 0:06:03 | |
-Good morning. -ALL: -Good morning, Lord Sugar. | 0:06:31 | 0:06:33 | |
Well, as you know, | 0:06:33 | 0:06:35 | |
I've already invested over £1 million with previous winners, | 0:06:35 | 0:06:39 | |
and I'm about to invest another £250,000 with one of you. | 0:06:39 | 0:06:44 | |
Today is all about your business plans, | 0:06:44 | 0:06:48 | |
and you are going to present them to some of my trusted advisers. | 0:06:48 | 0:06:53 | |
And trust me when I tell you that | 0:06:53 | 0:06:56 | |
they will probe every inch of your plans, and your CVs. | 0:06:56 | 0:07:00 | |
And if there are any holes, | 0:07:00 | 0:07:02 | |
I guarantee you they will be asking questions. | 0:07:02 | 0:07:05 | |
And you'd better have some answers. | 0:07:07 | 0:07:09 | |
Hand your business plans over to Claude and Karren. | 0:07:10 | 0:07:13 | |
So, I look forward to seeing you in the boardroom | 0:07:18 | 0:07:20 | |
where I'll be deciding which two of you will be going through | 0:07:20 | 0:07:24 | |
to the final task. | 0:07:24 | 0:07:26 | |
Off you go. | 0:07:26 | 0:07:27 | |
I'm genuinely cacking myself now. | 0:07:34 | 0:07:36 | |
It's like a sense of anticipation of what's going to come. | 0:07:36 | 0:07:40 | |
Upstairs, ready to put the candidates through their paces, | 0:07:44 | 0:07:48 | |
four business heavyweights. | 0:07:48 | 0:07:49 | |
After ten weeks tracking their every move, | 0:07:51 | 0:07:54 | |
there's nowhere to hide from Claude Littner. | 0:07:54 | 0:07:57 | |
Frankly, I'm finding it quite hard | 0:07:57 | 0:07:59 | |
to find anything good about your performance. | 0:07:59 | 0:08:02 | |
What... You know, got any answer for that? | 0:08:02 | 0:08:04 | |
Um, I think if you broke the tasks down... | 0:08:04 | 0:08:06 | |
Yeah, I broke the tasks down, and you lost eight out of ten. | 0:08:06 | 0:08:09 | |
Losing eight out of the ten tasks was horrific. | 0:08:09 | 0:08:11 | |
-It was horrific. -It was, and... -I don't know what you're doing here. | 0:08:11 | 0:08:14 | |
Uncovering the personality behind the plan... | 0:08:16 | 0:08:19 | |
Pleased to meet you. Take a seat. | 0:08:19 | 0:08:21 | |
..managing director of a billion-pound media agency, | 0:08:21 | 0:08:24 | |
Claudine Collins. | 0:08:24 | 0:08:26 | |
Have a look at what you wrote here. | 0:08:26 | 0:08:28 | |
"Describe something you would do if you knew you wouldn't get caught." | 0:08:28 | 0:08:32 | |
"Fart in a lift full of supermodels." | 0:08:32 | 0:08:34 | |
Why would you...? | 0:08:34 | 0:08:35 | |
I mean, I just don't understand | 0:08:35 | 0:08:38 | |
why you'd want to do that, | 0:08:38 | 0:08:39 | |
or do you think that's something that Lord Sugar would look at | 0:08:39 | 0:08:42 | |
and think, "Yeah, this is my potential business partner"? | 0:08:42 | 0:08:45 | |
Er... | 0:08:45 | 0:08:46 | |
Distinguishing hot air from cold hard fact... | 0:08:49 | 0:08:53 | |
You've done research showing that 90% of beauty hall managers | 0:08:53 | 0:08:56 | |
-are unhappy with their temporary staff. -Yes. | 0:08:56 | 0:08:59 | |
..publishing magnate Mike Soutar. | 0:08:59 | 0:09:02 | |
-How many managers did you actually speak to? -Six. | 0:09:02 | 0:09:06 | |
So, what's 90% of six people? | 0:09:06 | 0:09:08 | |
90% of six people? | 0:09:09 | 0:09:10 | |
So, there was only one person that was happy with | 0:09:11 | 0:09:13 | |
what they were getting, you know, so... | 0:09:13 | 0:09:15 | |
So, is five out of six 90%? | 0:09:15 | 0:09:18 | |
I'm on the spot now. | 0:09:20 | 0:09:21 | |
I don't know. | 0:09:23 | 0:09:24 | |
Finally, assessing their plans with a sharp eye and even sharper tongue, | 0:09:26 | 0:09:32 | |
founder of a global design company, Linda Plant. | 0:09:32 | 0:09:36 | |
How much profit did you make in that company? | 0:09:38 | 0:09:40 | |
It was a massive loss. | 0:09:40 | 0:09:42 | |
Wait, you made a massive loss in that company? | 0:09:42 | 0:09:45 | |
Not a loss, but there was no... I think... | 0:09:45 | 0:09:48 | |
When the money was in the bank, it seemed to just dwindle. | 0:09:48 | 0:09:50 | |
So, you made a loss, | 0:09:50 | 0:09:51 | |
you don't know how much the loss was, it was massive. | 0:09:51 | 0:09:53 | |
You had money in the bank, it dwindled away... | 0:09:53 | 0:09:56 | |
Do you know what you're talking about here? | 0:09:56 | 0:09:58 | |
Um... Basically... No, I don't think I do, actually. | 0:09:58 | 0:10:01 | |
No. That's what I think. | 0:10:01 | 0:10:03 | |
This is Claude's favourite day of the year. | 0:10:07 | 0:10:09 | |
-This is like Christmas for Claude. -Yeah. | 0:10:09 | 0:10:11 | |
Five young idiots with a business plan | 0:10:11 | 0:10:13 | |
-that he can completely rip apart. -OK, speak for yourself, Courtney. | 0:10:13 | 0:10:16 | |
We have one idiot and four successful people. | 0:10:16 | 0:10:19 | |
-Oh, God. -Go on, Alana. -Good luck. | 0:10:19 | 0:10:22 | |
Confidence, confidence, confidence, confidence, confidence... | 0:10:23 | 0:10:27 | |
I think Alana will be brilliant. | 0:10:27 | 0:10:29 | |
She has changed so much. | 0:10:29 | 0:10:31 | |
When she first started, she was crying, she'd no confidence. | 0:10:31 | 0:10:35 | |
I wish I was in one of the interviews, getting all the cake. | 0:10:35 | 0:10:38 | |
What's that? | 0:10:39 | 0:10:41 | |
I thought, as my business is in cake manufacturing, | 0:10:41 | 0:10:44 | |
I would let you have them to try. | 0:10:44 | 0:10:46 | |
Right, we'll leave that alone, then, shall we? | 0:10:46 | 0:10:48 | |
Can you just sit back a bit? | 0:10:48 | 0:10:49 | |
So, what is the business that you are proposing to Lord Sugar? | 0:10:49 | 0:10:53 | |
It's a wholesale cake manufacturing business, and they are traybakes. | 0:10:53 | 0:10:58 | |
You've got a small business. | 0:10:58 | 0:11:00 | |
-Lord Sugar, he's going to want to see some growth. -Yeah. | 0:11:00 | 0:11:02 | |
Real growth. | 0:11:02 | 0:11:03 | |
I will be the driving force. | 0:11:03 | 0:11:05 | |
You're going to be the driving force? | 0:11:05 | 0:11:07 | |
It's going to be interesting if someone chips away at Alana. | 0:11:07 | 0:11:09 | |
Is she going to crumble, or is she going to build herself back up? | 0:11:09 | 0:11:12 | |
That's the million-dollar question. | 0:11:12 | 0:11:14 | |
I mean, clearly, you're not exactly a forceful character. | 0:11:14 | 0:11:18 | |
If you're going to be running a large business, | 0:11:18 | 0:11:20 | |
-you've got to be strong. -Yeah. | 0:11:20 | 0:11:22 | |
And I worry whether you're really tough. | 0:11:22 | 0:11:24 | |
I, I... The first... | 0:11:24 | 0:11:26 | |
Um... | 0:11:27 | 0:11:28 | |
The first two weeks of this process, | 0:11:30 | 0:11:33 | |
I wanted to walk. I really did. | 0:11:33 | 0:11:35 | |
But there was no way I was going to be weak, so I stuck it out, | 0:11:35 | 0:11:39 | |
and I think that has shown that I'm tough. | 0:11:39 | 0:11:41 | |
I know that I can do it. | 0:11:41 | 0:11:42 | |
It's a business plan that is going to work. | 0:11:42 | 0:11:45 | |
OK. | 0:11:45 | 0:11:46 | |
Right, then, Jessica. Tell me about the business | 0:11:49 | 0:11:51 | |
that you would like Lord Sugar to invest £250,000 in. | 0:11:51 | 0:11:55 | |
OK, so, it's a fashion website stocking casual wear. | 0:11:55 | 0:12:00 | |
It's going to be driven through social media influences | 0:12:00 | 0:12:02 | |
such as reality stars, fashion bloggers, people like that. | 0:12:02 | 0:12:05 | |
-So, your celebrity contacts - you're handing money over to them... -Yeah. | 0:12:05 | 0:12:09 | |
-..and they wear one of your dresses... -Yeah. | 0:12:09 | 0:12:11 | |
..and they've got three million followers, | 0:12:11 | 0:12:13 | |
-then you'll sell lots of dresses. -Yeah. | 0:12:13 | 0:12:15 | |
-Marketing seems to be one of your strong points. -Yeah. | 0:12:16 | 0:12:19 | |
So, you started up a fashion retail business with no money, | 0:12:19 | 0:12:22 | |
just a social media account, | 0:12:22 | 0:12:24 | |
and within a year it was turning over £250,000. | 0:12:24 | 0:12:28 | |
-Yes, that's right. -And you were bought out. -Correct, yeah. | 0:12:28 | 0:12:30 | |
-OK. How much money did you make? -Not a lot. | 0:12:30 | 0:12:33 | |
-About £4,000. -What went wrong with this business? | 0:12:33 | 0:12:36 | |
The operational side, it wasn't running like clockwork. | 0:12:36 | 0:12:39 | |
I mean, it's still running now, but it's not doing anything now. | 0:12:39 | 0:12:42 | |
Do you realise you are still a director of Famous Frocks? | 0:12:42 | 0:12:45 | |
No, I didn't. | 0:12:45 | 0:12:47 | |
So if you go to Companies House, | 0:12:47 | 0:12:49 | |
you are actually listed as the only director. | 0:12:49 | 0:12:52 | |
-No, I'm not aware of that. -That's very amateurish. | 0:12:52 | 0:12:55 | |
-You're also the director of another company... -Yeah. | 0:12:55 | 0:12:58 | |
..that you own with your sister. | 0:12:58 | 0:13:01 | |
Yes, and a gentleman called Rick as well. | 0:13:01 | 0:13:03 | |
Who's resigned, according to Companies House. | 0:13:03 | 0:13:05 | |
-Oh, has he? -Yes. | 0:13:05 | 0:13:07 | |
Let me come onto something that has troubled me enormously. | 0:13:10 | 0:13:13 | |
-I can see you've saved a lot of money over the years. -Yeah. | 0:13:13 | 0:13:15 | |
Bloody good for you. | 0:13:15 | 0:13:17 | |
My problem is that, if you want to grow, | 0:13:17 | 0:13:19 | |
I don't know why you don't reinvest that money in your business. | 0:13:19 | 0:13:23 | |
It's a choice between investing it in my business or a house. | 0:13:23 | 0:13:28 | |
So, you're asking a third party to invest in your business | 0:13:28 | 0:13:31 | |
when you haven't got the confidence to reinvest it yourself. | 0:13:31 | 0:13:34 | |
I feel like I've worked really hard for my whole life, and... | 0:13:34 | 0:13:36 | |
And so has Lord Sugar, and that's where the £250,000 comes. | 0:13:36 | 0:13:39 | |
Yes, but... I know what you're saying. | 0:13:39 | 0:13:41 | |
-It's a commitment. -Yeah. | 0:13:41 | 0:13:42 | |
-And it's got to be your commitment. -Yeah. | 0:13:42 | 0:13:44 | |
Be confident, Courtney. You can do it. | 0:13:51 | 0:13:55 | |
Bloody hell, this is fast, isn't it? | 0:13:55 | 0:13:56 | |
So, you're the last man standing. | 0:14:01 | 0:14:03 | |
-Yeah! I'm quite proud of that, actually. -OK. | 0:14:03 | 0:14:06 | |
Going through your application, | 0:14:06 | 0:14:08 | |
when you were asked to describe yourself in one sentence, you said, | 0:14:08 | 0:14:11 | |
"I'll give you one word - awesome." | 0:14:11 | 0:14:14 | |
-Well, yeah, I think I've been pretty awesome. -Do you? | 0:14:14 | 0:14:16 | |
I've won the most tasks out of everyone. | 0:14:16 | 0:14:18 | |
Well, let's talk about an area that you're not so awesome in - sales. | 0:14:18 | 0:14:22 | |
You've never been the top seller, and, as a business owner, | 0:14:22 | 0:14:25 | |
you should absolutely be able to sell. | 0:14:25 | 0:14:28 | |
So, you pitch yourself to me. | 0:14:28 | 0:14:30 | |
OK. | 0:14:30 | 0:14:32 | |
Three years ago, I decided to give up everything - | 0:14:32 | 0:14:35 | |
my job, live with my friends, and create my own brand of gifts. | 0:14:35 | 0:14:40 | |
Uh, this business is ready for an investor to put some money in. | 0:14:40 | 0:14:45 | |
-I'm trying to get a bit of something out of you, Courtney. -Sure. | 0:14:45 | 0:14:48 | |
Because charisma is important in business. | 0:14:48 | 0:14:51 | |
Yeah, but I think sometimes I've maybe found that difficult, | 0:14:51 | 0:14:54 | |
to be, yeah, charismatic with my words, or be eloquent with it... | 0:14:54 | 0:14:59 | |
That's not very good, going into business with Lord Sugar. | 0:14:59 | 0:15:01 | |
Yeah, but, uh... | 0:15:01 | 0:15:03 | |
Right. Grainne. | 0:15:11 | 0:15:13 | |
You've kind of bombarded me with about 80 pages' worth of stuff. | 0:15:14 | 0:15:17 | |
Briefly, explain what the main concept is. | 0:15:17 | 0:15:20 | |
To open a make-up training and recruitment agency | 0:15:20 | 0:15:22 | |
in Northern Ireland. | 0:15:22 | 0:15:24 | |
Also in the premises there's going to be what I have now, | 0:15:24 | 0:15:26 | |
which is the studio and... | 0:15:26 | 0:15:27 | |
-I'm going to stop you. -..the store. | 0:15:27 | 0:15:29 | |
I've got a problem with this | 0:15:29 | 0:15:30 | |
-because you've been, up until now, a sole trader. -Yes. -Basically. -Yes. | 0:15:30 | 0:15:34 | |
So it's a bit of a jump, isn't it? | 0:15:34 | 0:15:36 | |
No, I don't think it's a bit of a jump. I think it's the next step. | 0:15:36 | 0:15:39 | |
No, no, no. It's a huge, huge jump. | 0:15:39 | 0:15:42 | |
Do you not think it has to start somewhere, though? | 0:15:42 | 0:15:44 | |
Yes, it does, but you start small and grow. | 0:15:44 | 0:15:46 | |
I thought that was small. | 0:15:46 | 0:15:47 | |
Genuinely, Grainne, it's just too much in one go. | 0:15:47 | 0:15:51 | |
It does put into question the whole proposition. | 0:15:51 | 0:15:54 | |
I've never put a business plan together before so, you know... | 0:15:54 | 0:15:56 | |
-Is this your sole work? -This is mine. | 0:15:56 | 0:15:58 | |
-Nobody else? -Not a sinner, nope. | 0:15:58 | 0:16:00 | |
There are some things you need to pass on to somebody else. | 0:16:00 | 0:16:02 | |
I didn't want anyone seeing it. | 0:16:02 | 0:16:04 | |
-Why? They're not going to steal the idea. -Well... | 0:16:04 | 0:16:06 | |
SHE CHUCKLES | 0:16:06 | 0:16:09 | |
-LAUGHING: -Oh, God. | 0:16:09 | 0:16:10 | |
-I had Claude. -How was that? | 0:16:16 | 0:16:19 | |
Interesting! | 0:16:19 | 0:16:20 | |
So, I knew it was never going to be perfect. | 0:16:20 | 0:16:22 | |
You know, I need to grow from this, | 0:16:22 | 0:16:23 | |
I need to learn what they're telling me. | 0:16:23 | 0:16:25 | |
I'm going to take everything on board | 0:16:25 | 0:16:27 | |
because I still believe in, you know, having that agency. | 0:16:27 | 0:16:30 | |
Game on. | 0:16:30 | 0:16:32 | |
-Good luck, Frances. -Good luck. -Thank you. | 0:16:32 | 0:16:33 | |
Knock 'em dead. | 0:16:33 | 0:16:35 | |
-Hello. I'm Frances. -Hello there. -Lovely to meet you. | 0:16:40 | 0:16:42 | |
Hi. Please take a seat. | 0:16:42 | 0:16:44 | |
So, Frances, tell me about the business. | 0:16:45 | 0:16:49 | |
OK, so, I've found a gap in the market for past-season stock | 0:16:49 | 0:16:53 | |
to be sold in a boutique environment | 0:16:53 | 0:16:56 | |
and nobody's doing it in childrenswear yet. | 0:16:56 | 0:16:58 | |
-So you buy stock that's now out of season... -We do. | 0:16:58 | 0:17:01 | |
-..and then you sell that at rock-bottom prices? -We do, yes. | 0:17:01 | 0:17:04 | |
Much larger chains do children's clothing at discount rates, | 0:17:04 | 0:17:08 | |
so what makes you different? | 0:17:08 | 0:17:09 | |
Because the second you walk into our store, | 0:17:09 | 0:17:11 | |
it's the customer service element in our shops. | 0:17:11 | 0:17:14 | |
There's breast-feeding rooms, there's colouring tables. | 0:17:14 | 0:17:16 | |
My staff, they just... There's a heart in this business. | 0:17:16 | 0:17:20 | |
-Your business plan says you've got two stores. -Yes. | 0:17:20 | 0:17:23 | |
Now, I've heard differently. | 0:17:23 | 0:17:25 | |
You've actually had three. | 0:17:26 | 0:17:28 | |
Yes. So we had one in Nottingham. | 0:17:28 | 0:17:31 | |
It was just unprofitable, and it just kind of cancelled itself out. | 0:17:31 | 0:17:34 | |
And there was another store as well, | 0:17:34 | 0:17:36 | |
and you haven't mentioned that in your business plan either. | 0:17:36 | 0:17:39 | |
No, because that was kind of an experimental store, and... | 0:17:39 | 0:17:41 | |
This business plan is trying to pretend | 0:17:41 | 0:17:43 | |
that the mistakes that you've made, they don't matter. | 0:17:43 | 0:17:46 | |
Well, they do matter. | 0:17:46 | 0:17:47 | |
It just undermines trust. | 0:17:47 | 0:17:49 | |
They know everything! | 0:17:51 | 0:17:55 | |
How many more of these have we got to do today? | 0:17:55 | 0:17:57 | |
Three more. | 0:17:57 | 0:17:59 | |
-It can't get any worse. -Can't it?! | 0:17:59 | 0:18:00 | |
Jessica. | 0:18:04 | 0:18:05 | |
You've had quite a lot of businesses, haven't you? | 0:18:06 | 0:18:08 | |
But let's talk about the new business with Lord Sugar. | 0:18:08 | 0:18:12 | |
What are you going to be selling? | 0:18:12 | 0:18:14 | |
Jeans, T-shirts, jumpers, jackets, casual dresses. | 0:18:14 | 0:18:18 | |
Quite a vast product range, isn't it? | 0:18:18 | 0:18:20 | |
How many styles, then, do you plan in that range? | 0:18:20 | 0:18:23 | |
So we'd have... | 0:18:23 | 0:18:25 | |
Sorry, we'd have... Um... We'd have ten... | 0:18:25 | 0:18:29 | |
Sorry. Oh, sorry, I'm not 100% certain on that point. | 0:18:29 | 0:18:32 | |
You're asking Lord Sugar for £250,000 investment, | 0:18:34 | 0:18:37 | |
but when I've asked you just the simplest question, | 0:18:37 | 0:18:40 | |
you don't know. | 0:18:40 | 0:18:42 | |
I don't think that you can produce all those items, | 0:18:43 | 0:18:47 | |
and I do have experience because my career was in the fashion business. | 0:18:47 | 0:18:50 | |
Oh, really? OK. | 0:18:50 | 0:18:52 | |
But just say you could, how have you planned the production? | 0:18:52 | 0:18:55 | |
The production, I'd like to make a small manufacturing process | 0:18:55 | 0:18:57 | |
within the UK. For a jacket, you have a seamstress | 0:18:57 | 0:18:59 | |
who's focusing on the arms and the final details... | 0:18:59 | 0:19:02 | |
No, you don't. | 0:19:02 | 0:19:03 | |
First of all, who's going to cut your patterns? | 0:19:03 | 0:19:05 | |
-How many pattern-cutters are you having? -Erm... | 0:19:05 | 0:19:07 | |
A jacket is an entirely different process | 0:19:07 | 0:19:10 | |
to producing a dress, | 0:19:10 | 0:19:11 | |
-and a T-shirt is yet another process... -Another process. | 0:19:11 | 0:19:13 | |
..and a jean is yet another process. | 0:19:13 | 0:19:15 | |
I think you're dreaming. | 0:19:17 | 0:19:18 | |
Wow! | 0:19:20 | 0:19:21 | |
She ripped me to absolute shreds. | 0:19:25 | 0:19:28 | |
I've lost my dignity up on the 42nd floor. | 0:19:28 | 0:19:31 | |
Oh, my God, that was just horrific. | 0:19:31 | 0:19:33 | |
Is taking cakes to this woman a bad idea? | 0:19:33 | 0:19:35 | |
She could have it for afternoon tea or something. | 0:19:35 | 0:19:37 | |
I don't think she's an afternoon tea kind of woman, I'll be honest. | 0:19:37 | 0:19:40 | |
-Is she not? -Oh, my God, no! | 0:19:40 | 0:19:42 | |
Go on, Alana. | 0:19:42 | 0:19:43 | |
-Good luck. -I wonder how that cake will go down. | 0:19:43 | 0:19:46 | |
-Alana. Nice to meet you. -Nice to meet you, Alana. | 0:19:49 | 0:19:52 | |
They are samples of my products, you can take them home | 0:19:53 | 0:19:56 | |
-or you can try them now. -Well, I think you should unwrap them. | 0:19:56 | 0:19:59 | |
-Mmm. -Plain chocolate brownie. Super-rich. | 0:20:00 | 0:20:03 | |
-Super-rich. -Yeah. | 0:20:03 | 0:20:05 | |
They are 19p a slice to make. | 0:20:05 | 0:20:07 | |
Rocky roads, 18p. | 0:20:07 | 0:20:09 | |
Um, they sell for £3 at food festivals. | 0:20:09 | 0:20:12 | |
It is a very profitable business. | 0:20:12 | 0:20:14 | |
You've certainly got something here that's profitable, | 0:20:14 | 0:20:17 | |
but you have to have realistic expectations. | 0:20:17 | 0:20:19 | |
-Currently, you turn over 75,000. -Mm-hmm. | 0:20:19 | 0:20:23 | |
But in the new business, projected in the first year, 465,000. | 0:20:23 | 0:20:28 | |
It's very, very ambitious. | 0:20:28 | 0:20:30 | |
But I AM ambitious and I know that... I absolutely know... | 0:20:30 | 0:20:33 | |
Can you tell me one of your competitors | 0:20:33 | 0:20:36 | |
-that's making anything like these profits? -There is... | 0:20:36 | 0:20:39 | |
-I know a lot of brand producers. -Who? | 0:20:39 | 0:20:42 | |
-How much are they making? -I don't know. | 0:20:42 | 0:20:44 | |
Are there any competitors making the profits that you are projecting? | 0:20:44 | 0:20:48 | |
-Brown & Blond. -How much are they making? -I don't know exactly. | 0:20:48 | 0:20:50 | |
-Thank you, that's enough. -But I know... | 0:20:50 | 0:20:52 | |
That's enough - you don't know. | 0:20:52 | 0:20:53 | |
Hello, Claude. | 0:21:03 | 0:21:04 | |
Well, Courtney, I've been watching you for the last 11 weeks and, | 0:21:07 | 0:21:10 | |
frankly, for most of that time, | 0:21:10 | 0:21:11 | |
I've wanted to kind of smack you over the face to wake you up. | 0:21:11 | 0:21:13 | |
Seriously, I look in your eyes and I think, "Where's the energy? | 0:21:15 | 0:21:18 | |
-"Where's the passion?" -What makes you think that? | 0:21:18 | 0:21:20 | |
"What makes you think that?" | 0:21:20 | 0:21:22 | |
Your demeanour. Come on! | 0:21:22 | 0:21:24 | |
-OK. -You are a young man and you've got no vitality about you. | 0:21:24 | 0:21:27 | |
You haven't got that killer drive. | 0:21:27 | 0:21:29 | |
Lord Sugar doesn't want to invest in a deadbeat. | 0:21:29 | 0:21:32 | |
Well, I believe I've done well in the tasks and I believe that... | 0:21:32 | 0:21:35 | |
Well, I've won eight of the ten tasks. | 0:21:35 | 0:21:37 | |
Uhhh... | 0:21:37 | 0:21:39 | |
And I believe I've been a good part of winning them tasks. | 0:21:39 | 0:21:42 | |
Well, I'm not sure about that. | 0:21:42 | 0:21:43 | |
So, your current business, how many staff do you have? | 0:21:45 | 0:21:48 | |
-One. -Who is that other one? | 0:21:48 | 0:21:50 | |
-That's my partner. -Your boyfriend? | 0:21:50 | 0:21:52 | |
-Yes. -Your boyfriend and your partner. | 0:21:52 | 0:21:54 | |
-Boyfriend... -Boyfriend and partner in the business? | 0:21:55 | 0:21:58 | |
-No, no, absolutely not. -So your boyfriend is also your employee. | 0:21:58 | 0:22:02 | |
-Correct. -So we're clear. | 0:22:02 | 0:22:03 | |
What's his current role in the company? | 0:22:03 | 0:22:06 | |
He does the same as me, essentially. | 0:22:06 | 0:22:09 | |
So if you fall out with him, can he be replaced? | 0:22:09 | 0:22:11 | |
I mean, that's a very cold thing to have to say. | 0:22:13 | 0:22:15 | |
-It's not about emotions. -Yep. -It's about facts. | 0:22:15 | 0:22:17 | |
Those are the things Lord Sugar will want to know. | 0:22:17 | 0:22:19 | |
Cold, hard facts. Yes, then. He could be replaced. | 0:22:19 | 0:22:22 | |
Just tell me a bit about how this business evolved and where | 0:22:30 | 0:22:33 | |
-we are now with it. -I've created a product design company that | 0:22:33 | 0:22:36 | |
-specialises in making novelty gifts. -Who's the target market, then? | 0:22:36 | 0:22:39 | |
It would be from the age of around 12 years old to, say, 35. | 0:22:39 | 0:22:44 | |
Come on, Courtney. | 0:22:44 | 0:22:46 | |
-You want more...? -It's like pulling out teeth. | 0:22:46 | 0:22:49 | |
OK. I personally do feel that my company is underperforming. | 0:22:49 | 0:22:53 | |
-Why is it underperforming? -It's not due to my demeanour, | 0:22:53 | 0:22:55 | |
I can tell you that. I work my bollocks off, to be honest with you. | 0:22:55 | 0:22:59 | |
I haven't paid myself a proper wage, I've given up everything. | 0:22:59 | 0:23:02 | |
I could have a nice house - | 0:23:02 | 0:23:03 | |
I didn't, I wanted to spend my money on setting up my own business. | 0:23:03 | 0:23:06 | |
Come on, Courtney, yes! | 0:23:06 | 0:23:08 | |
I've worked for everything that I've got, | 0:23:08 | 0:23:10 | |
where I've built the foundations | 0:23:10 | 0:23:11 | |
and I feel like I'm on the cusp of something good. | 0:23:11 | 0:23:13 | |
Yes! Yes! | 0:23:13 | 0:23:15 | |
'Second floor.' | 0:23:19 | 0:23:21 | |
-Isn't this the toughest day ever? -It has got to be up there | 0:23:24 | 0:23:27 | |
with one of the most difficult days of my life. | 0:23:27 | 0:23:29 | |
-This is actually worse than childbirth. -Really? -Absolutely. | 0:23:29 | 0:23:32 | |
This is contractions times 20. | 0:23:32 | 0:23:35 | |
Onto the next one. | 0:23:36 | 0:23:37 | |
So, Grainne, | 0:23:43 | 0:23:44 | |
the numbers in your business plan are flimsy. | 0:23:44 | 0:23:47 | |
The cash flow numbers don't add up. | 0:23:48 | 0:23:50 | |
Yeah. I think I've a lot more outgoings than ingoings because | 0:23:50 | 0:23:54 | |
I was going a little bit spendy-happy on that, but... | 0:23:54 | 0:23:57 | |
You can't be running a business and be "spendy-happy". | 0:23:57 | 0:24:00 | |
My really big concern is your business plan lacks focus. | 0:24:03 | 0:24:06 | |
You want to be an agency for beauty counter staff... | 0:24:06 | 0:24:09 | |
-Yeah. -..you want to be an agency for make-up artists... | 0:24:09 | 0:24:12 | |
-OK. -..you want to run a physical AND online store. | 0:24:12 | 0:24:15 | |
But, you know, I want to open something really big and get a brand | 0:24:15 | 0:24:18 | |
for myself in Northern Ireland. | 0:24:18 | 0:24:20 | |
You said in here, as managing director, you will be liaising | 0:24:20 | 0:24:23 | |
-with clients, training... -Yep. | 0:24:23 | 0:24:25 | |
..managing staff and doing make-up. | 0:24:25 | 0:24:28 | |
-Yeah. -The managing director can't be doing makeovers. | 0:24:29 | 0:24:32 | |
Mm-hmm. | 0:24:32 | 0:24:33 | |
Just focus on one thing, is that what you're saying? | 0:24:33 | 0:24:36 | |
What do YOU think you should be doing? | 0:24:36 | 0:24:38 | |
Do you know what? I don't know. | 0:24:38 | 0:24:39 | |
How have you been? | 0:24:45 | 0:24:46 | |
I think this is the toughest day, | 0:24:46 | 0:24:47 | |
but it's exciting and I'm learning a lot from it. | 0:24:47 | 0:24:50 | |
I can tell from two minutes of sitting here, | 0:24:50 | 0:24:52 | |
but throughout this process you've been really energetic. | 0:24:52 | 0:24:55 | |
But sometimes you've been bordering on a bit hyper. | 0:24:55 | 0:24:58 | |
-Why is that? -I think just because I have high energy levels. | 0:24:58 | 0:25:01 | |
Everything I do I deliver with passion, | 0:25:01 | 0:25:04 | |
and I think sometimes that comes... | 0:25:04 | 0:25:06 | |
that can come across a bit too much. | 0:25:06 | 0:25:08 | |
You're very emotional, you've been very emotional in this process, | 0:25:08 | 0:25:11 | |
-haven't you? -Yeah. | 0:25:11 | 0:25:12 | |
Do you worry that it affects the way that people view you | 0:25:12 | 0:25:14 | |
-in a business setting? -Of course I worry. | 0:25:14 | 0:25:17 | |
I want to be shrewd and I want to be able to control that, | 0:25:17 | 0:25:20 | |
because in the outside world I'm not emotional, | 0:25:20 | 0:25:23 | |
I run two businesses and I've got three children | 0:25:23 | 0:25:25 | |
that I raise single-handed and... | 0:25:25 | 0:25:27 | |
I'd say I'm a very strong person indeed. | 0:25:27 | 0:25:29 | |
Right. How did you get to this idea that what you wanted to do was | 0:25:36 | 0:25:39 | |
-childrenswear? -At the start of the business, we started with... | 0:25:39 | 0:25:42 | |
-We? Who is the "we"? -So, I previously had a business partner. | 0:25:42 | 0:25:46 | |
She did the accounts and the figures side. | 0:25:46 | 0:25:48 | |
Good, well, I can see you miss her. | 0:25:48 | 0:25:50 | |
She's a very smart girl. | 0:25:52 | 0:25:54 | |
Little fireball Frances. | 0:25:54 | 0:25:55 | |
Is it really wrong that I'd quite like her to come unstuck? | 0:25:55 | 0:25:58 | |
Let's move on. | 0:26:00 | 0:26:02 | |
Let's just get into the meat of this business plan. | 0:26:02 | 0:26:04 | |
It looks like it's been thrown together, it's appalling. | 0:26:04 | 0:26:07 | |
When I come to the appendix, | 0:26:07 | 0:26:09 | |
which is the real interesting thing for me, | 0:26:09 | 0:26:11 | |
who is responsible for these pages? | 0:26:11 | 0:26:13 | |
-That's me. -There's supposed to be four pages. | 0:26:13 | 0:26:15 | |
-Yes. -I've got two. | 0:26:15 | 0:26:16 | |
Yeah, there was another page, the milestones and the sales forecast. | 0:26:16 | 0:26:19 | |
That was unfortunately left off. | 0:26:20 | 0:26:23 | |
How could you possibly put this to Lord Sugar? | 0:26:23 | 0:26:26 | |
This is beneath you. | 0:26:26 | 0:26:27 | |
When I did this, this all didn't seem very real. | 0:26:27 | 0:26:30 | |
If I had my time again, I would absolutely... | 0:26:30 | 0:26:32 | |
God. Look, you've got one time, this is your one shot. | 0:26:32 | 0:26:35 | |
Claude defo hates me! | 0:26:38 | 0:26:40 | |
-What? -That was brutal. | 0:26:40 | 0:26:42 | |
Literally tore me a new one. | 0:26:42 | 0:26:45 | |
Good luck! | 0:26:48 | 0:26:49 | |
Show passion, Courtney. You can do this. | 0:26:52 | 0:26:54 | |
'42nd floor.' | 0:26:54 | 0:26:57 | |
So, Courtney, you claim on your CV that when you worked for | 0:26:57 | 0:27:00 | |
a telecoms company, you were the top salesman in Britain. | 0:27:00 | 0:27:03 | |
That's a typo, it's meant to say "county", not "country". | 0:27:03 | 0:27:06 | |
OK, that's a really BIG typo. | 0:27:06 | 0:27:09 | |
Moving on. You worked for a design company, | 0:27:09 | 0:27:13 | |
they quickly made you head designer, is that correct? | 0:27:13 | 0:27:17 | |
I was the most senior designer. | 0:27:17 | 0:27:18 | |
I've spoken to ex-colleagues, | 0:27:18 | 0:27:20 | |
they say that you were the ONLY designer there. | 0:27:20 | 0:27:23 | |
Have you got a habit of exaggerating? | 0:27:23 | 0:27:25 | |
No, I don't think I do. | 0:27:25 | 0:27:27 | |
OK. It says in your business plan that you are one of | 0:27:28 | 0:27:31 | |
the leading designers in the novelty gift industry. | 0:27:31 | 0:27:35 | |
What facts is that claim based on? | 0:27:35 | 0:27:38 | |
Yeah, that is a self-proclaimed... | 0:27:38 | 0:27:41 | |
OK, well, look, I've got a sketchbook here. | 0:27:41 | 0:27:43 | |
Sketch me something completely brilliant. | 0:27:43 | 0:27:46 | |
That's a lot of pressure, isn't it? | 0:27:46 | 0:27:47 | |
Well, you are one of the leading novelty gift designers in the UK. | 0:27:47 | 0:27:51 | |
I don't think it's an unfair thing to ask somebody like that. | 0:27:51 | 0:27:54 | |
This would be the Lord Sugar Dispenser. | 0:27:58 | 0:28:02 | |
You could pull his head back and out of his mouth pops some sugar cubes. | 0:28:04 | 0:28:07 | |
Thank you very much for that. | 0:28:07 | 0:28:08 | |
Yeah, I may have inflated a few things in my CV. | 0:28:10 | 0:28:13 | |
-Inflated? -Just said I was head designer at my old company. | 0:28:13 | 0:28:17 | |
I was the only designer, really. I had a placement student. | 0:28:17 | 0:28:19 | |
What? You've got to give yourself a good job title, haven't you? | 0:28:19 | 0:28:22 | |
Did you give yourself, like, employee of the month? | 0:28:22 | 0:28:25 | |
Every month. Yeah. | 0:28:25 | 0:28:26 | |
Frances, tell me, there is no doubting that you're a hard worker, | 0:28:26 | 0:28:31 | |
but you put in your application that you're really disorganised | 0:28:31 | 0:28:34 | |
and that your filing is in your handbag. | 0:28:34 | 0:28:36 | |
-That terrifies me. -Yep. | 0:28:36 | 0:28:38 | |
Ask anyone in this process, they will tell you how organised, | 0:28:38 | 0:28:42 | |
on the ball I have been. | 0:28:42 | 0:28:43 | |
I did write that as a very, very flippant comment, | 0:28:43 | 0:28:46 | |
and if I could take it back, I would. | 0:28:46 | 0:28:48 | |
Do you think Lord Sugar wants someone | 0:28:48 | 0:28:50 | |
-that writes flippant comments? -Absolutely not. | 0:28:50 | 0:28:52 | |
'Doors opening.' | 0:28:54 | 0:28:56 | |
-Hello. -Hello there. | 0:29:00 | 0:29:01 | |
-Pleasure to meet you. -How are you feeling? | 0:29:01 | 0:29:04 | |
-I'm OK. -Hello, Claude. | 0:29:04 | 0:29:06 | |
Just tell me a bit about your background. This is a quick... | 0:29:06 | 0:29:09 | |
-This is quick, OK? -Short and precise. | 0:29:09 | 0:29:11 | |
So, I'm from Burnley, left school at 16. | 0:29:11 | 0:29:14 | |
I had six Cs, a D, E, F and a U for GCSE level. | 0:29:14 | 0:29:18 | |
Then I started working in little nightclubs selling shots | 0:29:18 | 0:29:21 | |
-and from that I started working abroad, I came back... -SPEECH FADES OUT | 0:29:21 | 0:29:24 | |
You said in your business plan that you're going to train | 0:29:28 | 0:29:31 | |
the make-up artists to have all the knowledge of all the brands. | 0:29:31 | 0:29:34 | |
-Yes. -Right, so if I go into my make-up bag, | 0:29:34 | 0:29:37 | |
would you tell me the USP of, say, that and that product? | 0:29:37 | 0:29:42 | |
Now, this is a test. | 0:29:42 | 0:29:44 | |
So, Courtney, tell me about this product. | 0:29:45 | 0:29:50 | |
This is the Cheers Baby Bottle. | 0:29:50 | 0:29:52 | |
It's designed to be filled with milk and kids can go "cheers" | 0:29:52 | 0:29:55 | |
at, like, their parents' wedding with it. | 0:29:55 | 0:29:56 | |
It looks like a champagne flute. Is that appropriate for children? | 0:29:56 | 0:29:59 | |
Erm... | 0:29:59 | 0:30:00 | |
So that is liquid blush, isn't it? | 0:30:01 | 0:30:04 | |
-It's not liquid. -Oh, it isn't? | 0:30:04 | 0:30:06 | |
So, Alana, you describe the main market for the business | 0:30:06 | 0:30:10 | |
as independent delicatessens. | 0:30:10 | 0:30:12 | |
-Yes. -So how did you work out that there are 7,000 in the UK? | 0:30:12 | 0:30:16 | |
Based on an average of how many there are in my town | 0:30:16 | 0:30:19 | |
and how many people there are in my town. | 0:30:19 | 0:30:21 | |
Do you think that's a robust and scientific enough way to do it? | 0:30:21 | 0:30:24 | |
That's, you know... | 0:30:24 | 0:30:26 | |
You have no idea how many there are in the UK, do you? | 0:30:26 | 0:30:30 | |
Erm... | 0:30:30 | 0:30:32 | |
Do you know what the main selling point is of this brand's lipsticks? | 0:30:32 | 0:30:36 | |
Erm... | 0:30:36 | 0:30:37 | |
I then started a clothing brand | 0:30:40 | 0:30:41 | |
which was successful on the outside, but the operation side wasn't great. | 0:30:41 | 0:30:45 | |
OK, let's move on because I want to get to the end. | 0:30:45 | 0:30:48 | |
So, Courtney, I see that you live on £8,000 a year, is that correct? | 0:30:51 | 0:30:55 | |
Yeah, I live my life on a shoestring. | 0:30:55 | 0:30:57 | |
I made the decision two years ago to move back home into my parents', | 0:30:57 | 0:31:00 | |
in the spare room, cos I wanted to put everything into the business. | 0:31:00 | 0:31:03 | |
Your catalogue has got 140 products in - 33 are yours. | 0:31:05 | 0:31:08 | |
So the majority of what you're selling is not your own designs. | 0:31:08 | 0:31:13 | |
Moving forward, that's what I'd actually like to phase out | 0:31:13 | 0:31:16 | |
-and sell all my own product range. -Well, if you're on your own, | 0:31:16 | 0:31:18 | |
you won't have a catalogue with 140 products, will you? | 0:31:18 | 0:31:21 | |
You'll have a catalogue with 33 products. | 0:31:21 | 0:31:23 | |
The point I'm getting at here, Courtney, | 0:31:23 | 0:31:25 | |
is there isn't really a lot of foundation to your design business. | 0:31:25 | 0:31:29 | |
With that investment, I want to make new products. | 0:31:29 | 0:31:32 | |
I'll then have more than the 33 products. | 0:31:32 | 0:31:34 | |
You have not convinced me that you've designed enough. | 0:31:34 | 0:31:36 | |
I believe 33 products is rather impressive to create in three years. | 0:31:36 | 0:31:39 | |
It's nothing in this market. | 0:31:39 | 0:31:41 | |
This market is huge volumes. | 0:31:41 | 0:31:44 | |
By your own words, you are operating from a bedroom. | 0:31:44 | 0:31:47 | |
"Lust And Lies." | 0:31:49 | 0:31:51 | |
-Yes. -All I can see is a huge amount of problems. | 0:31:51 | 0:31:54 | |
You've got all these celebrities, | 0:31:54 | 0:31:56 | |
you're paying them, like, 3,000, 2,000, 1000... | 0:31:56 | 0:31:58 | |
-You're paying a whole load of money... -Yeah. | 0:31:58 | 0:32:00 | |
..and no money coming in. | 0:32:00 | 0:32:01 | |
Yes, we are having to pay out the initial outlay of marketing, | 0:32:01 | 0:32:04 | |
but it's a marketing-led business. | 0:32:04 | 0:32:06 | |
But it's a marketing-led business which is very, very uncertain. | 0:32:06 | 0:32:09 | |
It's all front-end risk. You haven't got a certainty of actually selling | 0:32:09 | 0:32:13 | |
that particular line. Plus the fact you've got to buy the fabric, | 0:32:13 | 0:32:16 | |
you have a machinist to make it... | 0:32:16 | 0:32:17 | |
-Yeah. -..there could be returns, | 0:32:17 | 0:32:19 | |
-there's the admin work, refunds. -Yeah. | 0:32:19 | 0:32:21 | |
I can see the money escaping. | 0:32:21 | 0:32:23 | |
You're almost dead before you start the business going. | 0:32:23 | 0:32:26 | |
'Second floor.' | 0:32:26 | 0:32:28 | |
That's me done for the day. | 0:32:35 | 0:32:36 | |
That's been gruelling. | 0:32:36 | 0:32:38 | |
It's like a verbal beating-up. | 0:32:38 | 0:32:39 | |
I thought it'd be more like a meeting of minds and they'd all be | 0:32:39 | 0:32:42 | |
like, "Oh, yeah, what you've done is really impressive." | 0:32:42 | 0:32:44 | |
Oh, God. I've still got Linda. | 0:32:44 | 0:32:46 | |
Good luck! | 0:32:46 | 0:32:47 | |
-Hi. Lovely to meet you. -Hi. | 0:32:53 | 0:32:57 | |
All right, let's go into your business a little bit. | 0:32:57 | 0:33:00 | |
-OK. -You've got four staff. | 0:33:00 | 0:33:02 | |
Four in total, including me. | 0:33:02 | 0:33:03 | |
It's good you've got a business | 0:33:03 | 0:33:06 | |
that CAN generate profits, but there are a couple of areas that worry me. | 0:33:06 | 0:33:10 | |
You're showing £121,000 worth of stock. | 0:33:10 | 0:33:13 | |
-Yes. -How have you valued that stock? | 0:33:13 | 0:33:16 | |
So I've worked it back... | 0:33:16 | 0:33:18 | |
I'm not good at figures and I'm sure it shows in there, | 0:33:18 | 0:33:21 | |
I'm horrific at figures. | 0:33:21 | 0:33:23 | |
So, if you're horrific at figures, | 0:33:23 | 0:33:24 | |
what's Lord Sugar going to say to that? | 0:33:24 | 0:33:26 | |
Well, that's why I have... You know, my bank manager is fantastic. | 0:33:26 | 0:33:29 | |
Well, your bank manager is not going to run your business. | 0:33:29 | 0:33:31 | |
No, no, let me finish. | 0:33:31 | 0:33:33 | |
I learn from everyone that is talking to me, | 0:33:34 | 0:33:36 | |
from the market traders to the wholesalers, | 0:33:36 | 0:33:38 | |
and I would be a fool not to listen to it. | 0:33:38 | 0:33:40 | |
-Yeah, but what are you learning? -Constantly. | 0:33:40 | 0:33:43 | |
What are you learning? I happen to understand that business and I know | 0:33:43 | 0:33:46 | |
how difficult it is, and you tell me you're rubbish at figures, | 0:33:46 | 0:33:50 | |
-you know, that's quite serious. -No, I haven't said "rubbish at figures", | 0:33:50 | 0:33:53 | |
I have said figures are my weakness. | 0:33:53 | 0:33:55 | |
I'm worried how much weight there is behind this talk. | 0:33:55 | 0:33:59 | |
Can Lord Sugar invest and feel secure that he is going to | 0:33:59 | 0:34:02 | |
build something, you know? | 0:34:02 | 0:34:03 | |
You have to take it on what I have done | 0:34:03 | 0:34:06 | |
and I have done an absolute lot. | 0:34:06 | 0:34:08 | |
I'm not sure at all. | 0:34:09 | 0:34:11 | |
I am strong, I am invincible... | 0:34:16 | 0:34:18 | |
-BOTH: -I am woman. | 0:34:18 | 0:34:19 | |
I am tired. | 0:34:20 | 0:34:22 | |
What a day that's been. | 0:34:26 | 0:34:27 | |
I would never fear having an interview ever again. | 0:34:27 | 0:34:30 | |
-I could do with a large brandy. -Let's go. | 0:34:30 | 0:34:32 | |
-ALANA: -Yesterday was the most intense thing I've ever experienced. | 0:34:50 | 0:34:54 | |
There's nothing in life that can prepare you for the interviews. | 0:34:54 | 0:34:56 | |
It would be the worst thing to get this far | 0:34:58 | 0:35:00 | |
and then fall at the final hurdle. | 0:35:00 | 0:35:02 | |
-FRANCES: -If I didn't agree with something, | 0:35:05 | 0:35:07 | |
I challenged the interviewers, and I will do the same today. | 0:35:07 | 0:35:10 | |
I'll never surrender. | 0:35:10 | 0:35:12 | |
-COURTNEY: -Claude said I lacked passion and I lacked drive. | 0:35:15 | 0:35:18 | |
That worries me. I'm going to show Lord Sugar my business means | 0:35:18 | 0:35:22 | |
everything to me. I'm not ready to go home yet. | 0:35:22 | 0:35:25 | |
-GRAINNE: -I feel really positive after them meetings yesterday. | 0:35:25 | 0:35:28 | |
I'm going to take all that criticism on board | 0:35:28 | 0:35:31 | |
and show Lord Sugar that I CAN have a business | 0:35:31 | 0:35:32 | |
and it IS worth investing into. | 0:35:32 | 0:35:34 | |
-JESSICA: -I genuinely do believe I do deserve this | 0:35:35 | 0:35:38 | |
more than the other candidates. | 0:35:38 | 0:35:39 | |
I'm not here to be in the final five - I'm here to win it. | 0:35:39 | 0:35:42 | |
Well, welcome back to the boardroom. | 0:36:00 | 0:36:02 | |
You've had a look at the five last candidates in this process. | 0:36:02 | 0:36:05 | |
Would you like to suggest one that we should start off with? | 0:36:05 | 0:36:08 | |
-Courtney. -OK, Courtney. | 0:36:08 | 0:36:09 | |
I asked him to pitch himself to me, | 0:36:09 | 0:36:12 | |
but I didn't find him very engaging, and when you put that together | 0:36:12 | 0:36:16 | |
with sales, it's a bit of a concern. | 0:36:16 | 0:36:18 | |
He was never very good at pitching. In fact, before he starts the pitch, | 0:36:18 | 0:36:21 | |
he should start off with a warning that it may cause drowsiness. | 0:36:21 | 0:36:24 | |
It's a shame because people do business with people. | 0:36:24 | 0:36:27 | |
-Yeah. -And if he had a bit more personality... | 0:36:27 | 0:36:29 | |
Cos he's clearly bright. | 0:36:29 | 0:36:30 | |
-Yeah. -Let's get down to the products, shall we, now? | 0:36:30 | 0:36:33 | |
When I drilled into his current business, | 0:36:33 | 0:36:36 | |
he's actually only invented 33 products in the last three years. | 0:36:36 | 0:36:41 | |
So, actually, he is an inventor, but it's a small business. | 0:36:41 | 0:36:45 | |
But I'm looking for something that's going to be big. | 0:36:45 | 0:36:48 | |
Could this be a big business? | 0:36:48 | 0:36:49 | |
The novelty gift sector is all about catching a wave. | 0:36:49 | 0:36:53 | |
If you back him, then what you're doing is you're backing his instinct | 0:36:53 | 0:36:56 | |
to be able to anticipate what a big-hit product will be | 0:36:56 | 0:36:58 | |
before it's a big hit. | 0:36:58 | 0:37:00 | |
When you look at his business plan, when you look at what he's achieved, | 0:37:00 | 0:37:03 | |
I certainly wouldn't write him off. | 0:37:03 | 0:37:04 | |
Jessica, her business idea, I understand, | 0:37:04 | 0:37:07 | |
is all to do with online fashion. | 0:37:07 | 0:37:09 | |
That's right, so they'll pay minor television celebrities to wear | 0:37:09 | 0:37:13 | |
the outfits and promote them on social media in order to drive sales | 0:37:13 | 0:37:18 | |
-for those dresses. -I had a quick look at her business plan | 0:37:18 | 0:37:20 | |
and it looked to me that one of the biggest costs | 0:37:20 | 0:37:23 | |
was what she was going to be shelling out to these celebrities. | 0:37:23 | 0:37:26 | |
It's high-risk because if they do wear it, | 0:37:26 | 0:37:28 | |
it may or may not catch on, and if it DOES catch on, | 0:37:28 | 0:37:31 | |
can she capture the market? | 0:37:31 | 0:37:32 | |
And I think you could easily lose your money very, very quickly. | 0:37:32 | 0:37:35 | |
As she did with her first business. | 0:37:35 | 0:37:37 | |
On a positive, reality TV stars on social media | 0:37:37 | 0:37:40 | |
-have a huge following of people... -Right. -..of young people that want | 0:37:40 | 0:37:44 | |
to emulate them, want to look like them. | 0:37:44 | 0:37:46 | |
She is incredibly engaging, incredibly warm. | 0:37:46 | 0:37:50 | |
I think she could persuade celebrities | 0:37:50 | 0:37:53 | |
to actually wear her dresses. | 0:37:53 | 0:37:55 | |
Her new business is called Lust And Lies. | 0:37:55 | 0:37:57 | |
-Called what, sorry? -Lust And Lies. | 0:37:57 | 0:38:00 | |
That's what she wants me to invest in, a company called Lust And Lies? | 0:38:00 | 0:38:03 | |
-Yes, yes. -Less H&M and more S&M, it sounds like to me! | 0:38:03 | 0:38:06 | |
Moving on to Grainne. | 0:38:08 | 0:38:11 | |
Her idea is to do two things - | 0:38:11 | 0:38:13 | |
train make-up artists and also become an agency also. | 0:38:13 | 0:38:17 | |
-Is that right? -There are three things. She actually wants to have | 0:38:17 | 0:38:20 | |
a shop where she can also sell to make-up artists. | 0:38:20 | 0:38:22 | |
Actually, there are four things, | 0:38:22 | 0:38:24 | |
because she also wants to run this as a recruitment agency for | 0:38:24 | 0:38:28 | |
big department stores in Northern Ireland. | 0:38:28 | 0:38:31 | |
I think by the time I had finished speaking to Grainne, | 0:38:31 | 0:38:34 | |
I think she appreciated that actually | 0:38:34 | 0:38:35 | |
she really had bitten off more than she could chew. | 0:38:35 | 0:38:38 | |
Yes, she may have to concentrate on one particular thing. | 0:38:38 | 0:38:41 | |
Yes, but also, one of the things she says in her business plan | 0:38:41 | 0:38:45 | |
is that "our staff are going to know everything | 0:38:45 | 0:38:47 | |
"about different brands," and I actually said to her, | 0:38:47 | 0:38:50 | |
"I'm going to take a couple of products out of my make-up bag | 0:38:50 | 0:38:52 | |
"and, because you are going to be training them, you tell me | 0:38:52 | 0:38:55 | |
"what the USP is." And she couldn't. | 0:38:55 | 0:38:57 | |
-No, so she's maybe shooting too high there, yeah? -Yeah. | 0:38:57 | 0:39:00 | |
It's a shame, because actually she's been a really strong candidate. | 0:39:00 | 0:39:03 | |
She's very logical, she makes decisions well, | 0:39:03 | 0:39:06 | |
she was a good team player. | 0:39:06 | 0:39:08 | |
And her make-up was fantastic, | 0:39:08 | 0:39:09 | |
so she's obviously good at what she does. | 0:39:09 | 0:39:11 | |
Now, Frances. | 0:39:11 | 0:39:12 | |
She has a business which is | 0:39:12 | 0:39:15 | |
a discount children's clothes retailer. | 0:39:15 | 0:39:17 | |
So what will she do with Alan's 250,000? | 0:39:17 | 0:39:20 | |
Her plan is to expand out. | 0:39:20 | 0:39:23 | |
She has two physical stores at the moment. | 0:39:23 | 0:39:25 | |
I found out that there were previously two full-time stores | 0:39:25 | 0:39:29 | |
-which have since dissolved. -Oh, that's news. | 0:39:29 | 0:39:32 | |
She talked about her staff, their loyalty to her. | 0:39:32 | 0:39:35 | |
-How many staff has she got? -Four. | 0:39:35 | 0:39:37 | |
-Oh, right. -She's buying ends of lines, | 0:39:37 | 0:39:40 | |
bankrupt stocks, and she's making a nice profit, | 0:39:40 | 0:39:43 | |
but how scalable is that business going to be? | 0:39:43 | 0:39:46 | |
She did have a partner who did all the accounts, | 0:39:46 | 0:39:49 | |
all the kind of boring stuff, | 0:39:49 | 0:39:51 | |
and now it's all come onto Frances' shoulders. | 0:39:51 | 0:39:53 | |
Yes, her filing system in her office is all run out of a handbag. | 0:39:53 | 0:39:57 | |
We've watched her over the past 11 weeks, | 0:39:57 | 0:39:59 | |
she's been very focused, very, very determined, so for me, | 0:39:59 | 0:40:02 | |
to read her business plan, it was extremely disappointing. | 0:40:02 | 0:40:05 | |
I think Frances has been a great candidate | 0:40:05 | 0:40:07 | |
but I think she's surprised herself | 0:40:07 | 0:40:09 | |
in how far she's gone in this process. | 0:40:09 | 0:40:11 | |
So I think if she could do her business plan now, | 0:40:11 | 0:40:14 | |
it would be so much better. | 0:40:14 | 0:40:16 | |
Yeah. OK, shall we talk about Alana now? | 0:40:16 | 0:40:19 | |
-Her business is cakes, right? -Her business is making cakes. | 0:40:19 | 0:40:22 | |
What I'm trying to understand is, how does it get from knocking up | 0:40:22 | 0:40:25 | |
a few cakes in your kitchen and flogging them to the local deli | 0:40:25 | 0:40:29 | |
to something where you can start targeting | 0:40:29 | 0:40:32 | |
someone in Glasgow, for example? | 0:40:32 | 0:40:34 | |
Exactly. So, Alana's plan was to scale her business | 0:40:34 | 0:40:38 | |
in delicatessens around the UK. Now, the only problem with that is | 0:40:38 | 0:40:42 | |
there's no data on how many | 0:40:42 | 0:40:44 | |
independent delicatessens exist in the UK. | 0:40:44 | 0:40:46 | |
So how can you estimate your revenues | 0:40:46 | 0:40:48 | |
when you don't know how many customers you might have? | 0:40:48 | 0:40:50 | |
And why would they buy them from her, anyway? | 0:40:50 | 0:40:52 | |
Unless she gets a real great brand of cakes, if you like, | 0:40:52 | 0:40:54 | |
how are they going to know about it to buy it? | 0:40:54 | 0:40:57 | |
And then she's got to get them to them. | 0:40:57 | 0:40:58 | |
You're going to need distribution. | 0:40:58 | 0:41:00 | |
We've got things like sell-by dates coming into play now, right? | 0:41:00 | 0:41:03 | |
This is stuff that has to be made, delivered and eaten. | 0:41:03 | 0:41:07 | |
It's small now, but it's got huge profit margins | 0:41:07 | 0:41:12 | |
and the product is delicious. | 0:41:12 | 0:41:13 | |
She has made money over the past few years. | 0:41:13 | 0:41:16 | |
I said to her, "Why haven't you reinvested that in your business? | 0:41:16 | 0:41:18 | |
"After all, if you haven't got the confidence, | 0:41:18 | 0:41:20 | |
"why would Lord Sugar have the confidence?" | 0:41:20 | 0:41:22 | |
Mm! Well, that has been very, very useful, as ever. | 0:41:22 | 0:41:25 | |
Thank you very much for your assistance. | 0:41:25 | 0:41:28 | |
-ALL: -Thank you. | 0:41:28 | 0:41:29 | |
PHONE RINGS | 0:41:40 | 0:41:42 | |
-Yes, Lord Sugar? -Could you send the five of them in, please? | 0:41:42 | 0:41:45 | |
-Yes, Lord Sugar. -Thank you. | 0:41:45 | 0:41:47 | |
Lord Sugar will see you now. | 0:41:47 | 0:41:49 | |
-Good morning. -ALL: -Good morning, Lord Sugar. | 0:42:01 | 0:42:04 | |
I want to make clear that there is nothing wrong with businesses | 0:42:04 | 0:42:07 | |
that employ one or two people, | 0:42:07 | 0:42:09 | |
it is the backbone of the British economy, | 0:42:09 | 0:42:12 | |
but I'm only interested in how the business that I'm going to invest in | 0:42:12 | 0:42:17 | |
ends up being a BIG business and I'm going to decide today | 0:42:17 | 0:42:21 | |
which two of you will be going through to the final. | 0:42:21 | 0:42:24 | |
So, Jessica, online women's fashion. | 0:42:24 | 0:42:28 | |
Your name for this business is... | 0:42:28 | 0:42:31 | |
Lust And Lies. | 0:42:31 | 0:42:32 | |
That sounds like a Jilly Cooper novel to me. | 0:42:32 | 0:42:35 | |
But anyway, one of your biggest costs, £10,000 per month, | 0:42:35 | 0:42:38 | |
which you want to spend with the so-called "celebrities", | 0:42:38 | 0:42:41 | |
whoever they are - don't you think it's a bit of a risk? | 0:42:41 | 0:42:44 | |
I don't, because it is a business model that works. | 0:42:44 | 0:42:46 | |
I've used it in my previous business... | 0:42:46 | 0:42:48 | |
But that business didn't work. | 0:42:48 | 0:42:49 | |
It did. The sales were there, but the returns were quite high | 0:42:49 | 0:42:52 | |
and the returns were chipping away at the money in the bank, and... | 0:42:52 | 0:42:55 | |
OK, so, what's different now, then? | 0:42:55 | 0:42:57 | |
The way I was thinking to reduce returns are by having videos | 0:42:57 | 0:43:01 | |
of how the item flows. You can have measurements of how | 0:43:01 | 0:43:04 | |
an item the consumer has got at home will... | 0:43:04 | 0:43:07 | |
Hold on, hold on, look, it doesn't instil confidence in me. | 0:43:07 | 0:43:10 | |
OK. I mean, I'm open to adapt it. | 0:43:10 | 0:43:12 | |
If there's something that could be better, | 0:43:12 | 0:43:14 | |
I'm completely open to doing that. | 0:43:14 | 0:43:15 | |
However, I know, by using celebrity endorsements and social influences, | 0:43:15 | 0:43:18 | |
that we can and will sell them items. | 0:43:18 | 0:43:21 | |
Hmm. Grainne, I'm a little confused about your idea, | 0:43:21 | 0:43:25 | |
because talking to my advisers, | 0:43:25 | 0:43:28 | |
one can interpret it as about five different things. | 0:43:28 | 0:43:31 | |
I was throwing a lot of eggs into one basket. | 0:43:31 | 0:43:33 | |
So I should've homed in more on the make-up, the application, | 0:43:33 | 0:43:36 | |
the training, the academy and that side of it. | 0:43:36 | 0:43:38 | |
The make-up, what do you mean by the make-up? | 0:43:38 | 0:43:40 | |
I'm also creating a brand as myself as an ambassador for... | 0:43:40 | 0:43:43 | |
-A brand of what? -Make-up. | 0:43:43 | 0:43:45 | |
-Of make-up? -Yeah, this is what it... -What, your own brand of make-up? | 0:43:45 | 0:43:48 | |
-This is what... -So you're going to compete with | 0:43:48 | 0:43:50 | |
the likes of Mac, for example? | 0:43:50 | 0:43:51 | |
Well, I think, you know, everyone has to start somewhere, | 0:43:51 | 0:43:54 | |
and I am very experienced in the make-up industry and the teaching. | 0:43:54 | 0:43:57 | |
-Teaching people how to do it? -Yeah, teaching. | 0:43:57 | 0:43:59 | |
People are going to pay you to train them, are they? | 0:43:59 | 0:44:01 | |
Yes, pay to train with me. | 0:44:01 | 0:44:02 | |
It'll be a worldwide-certified certificate for make-up artists. | 0:44:02 | 0:44:06 | |
How much are you going to charge them? | 0:44:06 | 0:44:07 | |
Well, that certificate will be costing 7,000 per course. | 0:44:07 | 0:44:09 | |
-Right, OK. -And you're qualified to teach that course, are you? | 0:44:09 | 0:44:12 | |
I am half-qualified, I'm in the middle of doing it. | 0:44:12 | 0:44:14 | |
-Half-qualified? -Yeah, I'm nearly finished. | 0:44:14 | 0:44:17 | |
-Oh, you're not even qualified yet? -No. | 0:44:17 | 0:44:19 | |
Not certified yet. | 0:44:19 | 0:44:21 | |
Sounds like I might need certifying to actually invest in this, then. | 0:44:22 | 0:44:26 | |
Lord Sugar, I want to open an academy, create a make-up brand. | 0:44:26 | 0:44:28 | |
-All right. -I want to have both. | 0:44:28 | 0:44:30 | |
I'm not just playing it safe, | 0:44:30 | 0:44:31 | |
I want to start a brand and get it out there... | 0:44:31 | 0:44:33 | |
Look, look, Grainne... | 0:44:33 | 0:44:35 | |
You know, I'm going to be bluntly honest with you. | 0:44:38 | 0:44:41 | |
I just can't see this. | 0:44:41 | 0:44:43 | |
-That's OK. -It's been nice to be associated with you, | 0:44:44 | 0:44:47 | |
but it is with regret that you're fired. | 0:44:47 | 0:44:49 | |
Thank you so much, I really appreciated everything. | 0:44:49 | 0:44:51 | |
Girls, good luck, OK? | 0:44:51 | 0:44:53 | |
Best of luck, all of yous. | 0:44:53 | 0:44:55 | |
Alana, you want me to invest in your cake business, | 0:45:08 | 0:45:11 | |
want me to provide the hundreds and thousands. | 0:45:11 | 0:45:13 | |
SHE CHUCKLES | 0:45:13 | 0:45:14 | |
Cupcakes was a great fad, wasn't it, three, four years ago? | 0:45:14 | 0:45:17 | |
-Yeah. -And people made a bit of money flogging them to friends, | 0:45:17 | 0:45:20 | |
then they go to the local deli and they sell a few to them also, | 0:45:20 | 0:45:23 | |
and then they kind of hit a brick wall. | 0:45:23 | 0:45:25 | |
My business is so far away from the cupcake. | 0:45:25 | 0:45:28 | |
OK, who do see your target customer? | 0:45:28 | 0:45:30 | |
The food service industry, so anywhere that sells coffee, | 0:45:30 | 0:45:35 | |
-and then I see it going nationwide. -Really? | 0:45:35 | 0:45:36 | |
-There's a huge market for them. -How do you get to them all? | 0:45:36 | 0:45:39 | |
I mean, his products, for example, you look at a picture of it... | 0:45:39 | 0:45:41 | |
It would be sample-based, it would be... | 0:45:41 | 0:45:43 | |
-So they have to taste it? -They would absolutely have to taste it. | 0:45:43 | 0:45:46 | |
So you find some bloke in Gloucester, for example, | 0:45:46 | 0:45:48 | |
that's running a coffee shop, | 0:45:48 | 0:45:50 | |
and you've spent a couple of hours driving to him, | 0:45:50 | 0:45:52 | |
and they may or may not give you an order. Yeah? | 0:45:52 | 0:45:55 | |
But the main source of my current business is food festivals, | 0:45:55 | 0:45:58 | |
country shows, and I will also still be going to the events, so... | 0:45:58 | 0:46:02 | |
Well, you can't be everywhere, can you? | 0:46:02 | 0:46:04 | |
Yes, but whilst there's staff on my stand, | 0:46:04 | 0:46:06 | |
I can be going and building relationships... | 0:46:06 | 0:46:08 | |
-Business calls. -Exactly, yes. | 0:46:08 | 0:46:10 | |
Claude tells me that you've accumulated | 0:46:10 | 0:46:12 | |
quite a lot of money from this already. | 0:46:12 | 0:46:14 | |
I've been saving towards a house since the age of 16. | 0:46:14 | 0:46:17 | |
When I started my business, as I was making money, | 0:46:17 | 0:46:19 | |
I ploughed it back in to get it bigger and bigger and bigger. | 0:46:19 | 0:46:21 | |
So why haven't you reinvested it? | 0:46:21 | 0:46:23 | |
I have been reinvesting... small amounts. | 0:46:23 | 0:46:26 | |
You need to be a bit more ambitious, really. | 0:46:26 | 0:46:28 | |
I do invest in my business... | 0:46:28 | 0:46:30 | |
You're talking to me about more staff and all that stuff - | 0:46:30 | 0:46:32 | |
doesn't seem like you want to put your own money into that. | 0:46:32 | 0:46:34 | |
No, I do invest in my own business, | 0:46:34 | 0:46:36 | |
but the reason I'm here is because I want more than just the money. | 0:46:36 | 0:46:39 | |
I want Lord Sugar and Lord Sugar's advisers and his team on board. | 0:46:39 | 0:46:43 | |
Now, Courtney, you've got this gift-design thing, yeah? | 0:46:43 | 0:46:47 | |
What worries me about your business is that you just go online and you | 0:46:47 | 0:46:51 | |
type in "novelties" and 20,000 things come up there straight away. | 0:46:51 | 0:46:56 | |
So, why are your products special? | 0:46:56 | 0:46:58 | |
I personally feel that my industry, | 0:46:58 | 0:47:00 | |
it's not really up to date with the current trends, | 0:47:00 | 0:47:02 | |
and that's something that I'd bring. | 0:47:02 | 0:47:04 | |
I look at future trends, I look at current trends, | 0:47:04 | 0:47:06 | |
and I try and create products for gifts... | 0:47:06 | 0:47:08 | |
-Every single item of yours could be knocked off. -Yeah. | 0:47:08 | 0:47:10 | |
If it becomes popular, just by changing the dimension, the shape, | 0:47:10 | 0:47:14 | |
another company would be knocking it off just like that. | 0:47:14 | 0:47:16 | |
It's all about getting it out there cheaply and quickly, | 0:47:16 | 0:47:18 | |
so I can get a product from idea to market in under three months. | 0:47:18 | 0:47:21 | |
That's true, it's speed, and then as soon as you're being copied, | 0:47:21 | 0:47:25 | |
you're out, on the next thing. | 0:47:25 | 0:47:27 | |
I want the £250,000 to increase my sales distribution network in the UK | 0:47:27 | 0:47:31 | |
to supermarkets, high-street retailers. | 0:47:31 | 0:47:34 | |
That's the key of what I want to get my products into. | 0:47:34 | 0:47:36 | |
-I know my kind of product... -Hold on, hold on. | 0:47:36 | 0:47:38 | |
Knowing the retail market as I do, | 0:47:38 | 0:47:40 | |
I'm trying to see why they would buy this type of stuff from you. | 0:47:40 | 0:47:45 | |
And that's why I want you on board, because I believe having your name | 0:47:45 | 0:47:48 | |
associated with my business will help me... | 0:47:48 | 0:47:50 | |
Yeah, I mean, you know, let me tell you that I've heard | 0:47:50 | 0:47:52 | |
that story before from a couple of previous winners | 0:47:52 | 0:47:55 | |
who said, "Right, now you're behind me, | 0:47:55 | 0:47:57 | |
"when I pick up the phone to Mr Supermarket..." | 0:47:57 | 0:48:00 | |
And they say, "I'm Lord Sugar's partner." You know what it comes to? | 0:48:00 | 0:48:03 | |
Jack shit. Nothing. Don't mean anything. | 0:48:03 | 0:48:05 | |
The product's got to stand on its own two feet. | 0:48:05 | 0:48:07 | |
Now, Frances, you've got these two shops. | 0:48:09 | 0:48:11 | |
-Yeah. -One of my advisers, Linda, | 0:48:11 | 0:48:13 | |
she says one of the weaknesses of your business | 0:48:13 | 0:48:16 | |
is the scalability of it. | 0:48:16 | 0:48:18 | |
Because it relies upon end of lines, | 0:48:18 | 0:48:21 | |
when you've bought a range of kiddies' shoes | 0:48:21 | 0:48:23 | |
and they sell like hot cakes, what do you do? | 0:48:23 | 0:48:26 | |
Can't get any more, so you've got to go and try and find something else. | 0:48:26 | 0:48:29 | |
You don't know what's coming next, really. | 0:48:29 | 0:48:31 | |
We do not know what's coming but the stock is there available. | 0:48:31 | 0:48:34 | |
I've been in this industry now for two years and I know it inside out. | 0:48:34 | 0:48:37 | |
I have made good contacts. | 0:48:37 | 0:48:38 | |
In terms of scalability, it is a case of we have only | 0:48:38 | 0:48:41 | |
scratched the surface with the brands that we are speaking to... | 0:48:41 | 0:48:44 | |
But I'm talking about scaling up, you know, | 0:48:44 | 0:48:46 | |
shop number four, shop number five. | 0:48:46 | 0:48:48 | |
You've got to think about inventory, the staff that you employ, | 0:48:48 | 0:48:51 | |
-and you've got to start putting in systems, right? -Yeah. -Yeah. | 0:48:51 | 0:48:54 | |
But you're not very good on systems, from what I can understand. | 0:48:54 | 0:48:58 | |
All your invoices and bills and everything | 0:48:58 | 0:49:00 | |
go into your handbag at the moment. | 0:49:00 | 0:49:02 | |
That was a very, very naive comment I made, and... | 0:49:02 | 0:49:04 | |
Well, do they or don't they? | 0:49:04 | 0:49:07 | |
Six months ago, yes, but coming into this process I've... | 0:49:07 | 0:49:09 | |
-These two stores... -Can you do it, though? That's the point. | 0:49:09 | 0:49:12 | |
I genuinely, genuinely believe that I can and I think that it is | 0:49:12 | 0:49:15 | |
genuinely a very strong business investment. | 0:49:15 | 0:49:19 | |
Jessica, you have been in business before. | 0:49:24 | 0:49:28 | |
That didn't work out too well. | 0:49:28 | 0:49:30 | |
-No, it didn't. -I do believe that you have got the personality and you're | 0:49:30 | 0:49:33 | |
good at sales and I get the marketing side of it. | 0:49:33 | 0:49:36 | |
Nevertheless, what you want to do is exactly the same thing again. | 0:49:36 | 0:49:39 | |
Yeah, that's correct. | 0:49:39 | 0:49:41 | |
I have concerns, Courtney, about your business, I really do. | 0:49:42 | 0:49:47 | |
You're in the unfortunate position of your business being | 0:49:47 | 0:49:50 | |
the closest thing that I've been doing all of my life, | 0:49:50 | 0:49:52 | |
manufacturing stuff, | 0:49:52 | 0:49:54 | |
and I know of the sensitive things that can go wrong. Erm... | 0:49:54 | 0:49:57 | |
Frances, my concern with you is your lack of understanding | 0:49:57 | 0:50:01 | |
of the finances, and it may have been a throwaway line | 0:50:01 | 0:50:04 | |
about this handbag which had all the paperwork in it, | 0:50:04 | 0:50:07 | |
but many a true word spoken in jest sometimes. | 0:50:07 | 0:50:10 | |
Yes, this is very difficult at this stage. | 0:50:14 | 0:50:16 | |
But, Jessica... | 0:50:18 | 0:50:20 | |
Lord Sugar, I know that we'd turn a profit a lot quicker | 0:50:20 | 0:50:23 | |
than any of the four businesses here. A large profit. | 0:50:23 | 0:50:26 | |
Well, she's making good profits at the moment. | 0:50:26 | 0:50:28 | |
But our margins would be unbelievable as well. | 0:50:28 | 0:50:30 | |
The business model is a tried and tested business model and it works. | 0:50:30 | 0:50:33 | |
HE SIGHS | 0:50:33 | 0:50:35 | |
I think you've got great sales ability | 0:50:35 | 0:50:38 | |
but it's a very, very risky idea. | 0:50:38 | 0:50:41 | |
Jessica, it is with regret that you are fired. | 0:50:41 | 0:50:44 | |
Thank you so much. It's been absolutely incredible. | 0:50:44 | 0:50:47 | |
Good luck, everybody. | 0:50:47 | 0:50:48 | |
Erm, look, I've got three good businesses | 0:51:00 | 0:51:02 | |
that have been explained to me and I've got two good people here | 0:51:02 | 0:51:06 | |
also that have been around in this past 11 weeks. | 0:51:06 | 0:51:09 | |
If you don't mind, | 0:51:09 | 0:51:10 | |
I'm going to ask you to step outside for a few moments while I talk | 0:51:10 | 0:51:14 | |
to them and I'll call you back in. | 0:51:14 | 0:51:15 | |
Now, we've got young Courtney. I find him still a bit lacklustre. | 0:51:19 | 0:51:23 | |
He needs a firework somewhere. | 0:51:23 | 0:51:25 | |
I have to say, I've seen him in pitches, Alan, and trust me, | 0:51:25 | 0:51:28 | |
there's little or no charisma. | 0:51:28 | 0:51:29 | |
We know what his weaknesses are, | 0:51:29 | 0:51:31 | |
but look what he's achieved over a limited period of time. | 0:51:31 | 0:51:34 | |
You've got to actually admire the guy. | 0:51:34 | 0:51:36 | |
Right, now, Frances, | 0:51:36 | 0:51:38 | |
she can talk up for herself and she's employing three other people. | 0:51:38 | 0:51:42 | |
I think it would just be her organisational skills, | 0:51:42 | 0:51:44 | |
that's what I would query. | 0:51:44 | 0:51:45 | |
I can't ignore about her business in her handbag. | 0:51:45 | 0:51:48 | |
It's a sort of sole trader mentality, that, isn't it? | 0:51:48 | 0:51:51 | |
Yeah. Alana has come out of her shell. | 0:51:51 | 0:51:53 | |
She's been very quiet throughout the process | 0:51:53 | 0:51:55 | |
but it's not for a lack of knowing her business. | 0:51:55 | 0:51:57 | |
The problem is whether she can find some more trade customers | 0:51:57 | 0:52:01 | |
to take volume off of her. Let's get them back in. | 0:52:01 | 0:52:05 | |
PHONE RINGS | 0:52:05 | 0:52:07 | |
-Yes, Lord Sugar? -OK, can you send the three of them in, please? | 0:52:07 | 0:52:10 | |
Yes, Lord Sugar. | 0:52:10 | 0:52:11 | |
Lord Sugar will see you now. | 0:52:12 | 0:52:14 | |
You've done very well, you three, and you're good people. | 0:52:21 | 0:52:25 | |
The business is one thing, | 0:52:25 | 0:52:27 | |
but the nature of the people is another thing, | 0:52:27 | 0:52:29 | |
and so, Alana, for example, you've lacked a bit of confidence. | 0:52:29 | 0:52:32 | |
I can guarantee you 100% I do not have a lack of confidence. | 0:52:32 | 0:52:37 | |
No, I mean, I have seen an improvement. | 0:52:37 | 0:52:40 | |
My concern is whether you've got that confidence to go forward. | 0:52:40 | 0:52:43 | |
-I wouldn't have stuck... -Ambition is another thing. | 0:52:43 | 0:52:45 | |
I've got so much ambition. | 0:52:45 | 0:52:47 | |
When I was in school I was doing my business, | 0:52:47 | 0:52:49 | |
-because this is what I have ambition in. -Mm-hmm. | 0:52:49 | 0:52:51 | |
Courtney, you've always looked like you have a lack of energy | 0:52:51 | 0:52:54 | |
and I wonder whether you are going to be able to talk to retailers, | 0:52:54 | 0:52:58 | |
to break through to that next level. | 0:52:58 | 0:53:00 | |
I think I've suffered with maybe some nerves | 0:53:00 | 0:53:03 | |
and I believe I can work on that. All I would say is that... | 0:53:03 | 0:53:07 | |
I want this so badly and I've given absolutely everything for this. | 0:53:07 | 0:53:11 | |
Like Alana, I had savings, | 0:53:11 | 0:53:12 | |
I could've gone and got a flat but I didn't want that. | 0:53:12 | 0:53:15 | |
I wanted to put all my money into my business and risk everything | 0:53:15 | 0:53:18 | |
that I've got to build up this company and be a success. | 0:53:18 | 0:53:20 | |
I mean, my business plan is absolutely superior. | 0:53:20 | 0:53:22 | |
I think the fact that I'm turning over just £70,000, | 0:53:22 | 0:53:26 | |
£75,000 with a £39,000 profit shows how good my business is. | 0:53:26 | 0:53:31 | |
You've done very well but you've never employed anybody, have you? | 0:53:31 | 0:53:33 | |
-I think you have one... -I currently employ one employee. | 0:53:33 | 0:53:36 | |
You've got one employee. | 0:53:36 | 0:53:37 | |
To scale this business up, you've got to employ staff, | 0:53:37 | 0:53:39 | |
you've got to build your kitchens, | 0:53:39 | 0:53:41 | |
you've got to get around the country and all that. | 0:53:41 | 0:53:43 | |
-You've never done it before, have you? -I have never done... | 0:53:43 | 0:53:46 | |
I've not organised a large team, no. | 0:53:46 | 0:53:48 | |
I genuinely feel that I am confident leading my staff and managing teams | 0:53:48 | 0:53:53 | |
and I genuinely think it is difficult to come up with | 0:53:53 | 0:53:57 | |
a business model that makes good profits and good margins. | 0:53:57 | 0:54:00 | |
That is what I have shown I can do. | 0:54:00 | 0:54:03 | |
As nice as they are at the moment, | 0:54:03 | 0:54:04 | |
two shops is not really of any interest to me. | 0:54:04 | 0:54:07 | |
But I feel that it does have the scalability, | 0:54:07 | 0:54:09 | |
-it does have the potential. -Hmm. | 0:54:09 | 0:54:11 | |
I believe that I'm the only person sitting here that actually has | 0:54:11 | 0:54:14 | |
the platform to build a big business. | 0:54:14 | 0:54:16 | |
You are a one-man band, right? | 0:54:16 | 0:54:17 | |
She employs four people, including herself. | 0:54:17 | 0:54:19 | |
But with Frances' business plan, | 0:54:19 | 0:54:22 | |
she wants to set up five more shops in the North of England. | 0:54:22 | 0:54:24 | |
Alana wants to sell cakes nationwide, | 0:54:24 | 0:54:26 | |
but I think that's going to be very difficult for her to do. | 0:54:26 | 0:54:28 | |
I believe that my business... | 0:54:28 | 0:54:30 | |
Why should big stores buy your merchandise | 0:54:30 | 0:54:32 | |
-when they can buy it themselves? -My products are unique. | 0:54:32 | 0:54:34 | |
If I get them in the right shops, | 0:54:34 | 0:54:35 | |
I think we will have big success together. | 0:54:35 | 0:54:37 | |
If you get them in the right shops. | 0:54:37 | 0:54:38 | |
I've got them in multiple high-street shops already. | 0:54:38 | 0:54:40 | |
OK, look. Erm... | 0:54:40 | 0:54:42 | |
I have to consider who's going to be in my final. | 0:54:44 | 0:54:46 | |
Frances, I think that... | 0:54:49 | 0:54:50 | |
..your business is a bit risky, as far as I am concerned. | 0:54:51 | 0:54:55 | |
Alana... | 0:54:55 | 0:54:57 | |
I like the margins of your product. | 0:54:57 | 0:55:00 | |
I like the improvement I've seen in the person that I met 11 weeks ago. | 0:55:00 | 0:55:04 | |
Erm... But I've got to say, to scale this business up, | 0:55:05 | 0:55:10 | |
you've got to employ staff, build your kitchens - | 0:55:10 | 0:55:13 | |
how many cakes have you got to sell just to cover them alone? | 0:55:13 | 0:55:16 | |
You know... | 0:55:16 | 0:55:18 | |
Courtney, you may be at a disadvantage that your business, | 0:55:20 | 0:55:25 | |
I can understand every detail, every nut and bolt. | 0:55:25 | 0:55:28 | |
Alana... | 0:55:33 | 0:55:35 | |
erm... | 0:55:35 | 0:55:36 | |
I'll be seeing you in a couple of days' time. | 0:55:36 | 0:55:39 | |
You are going to be in the final. | 0:55:39 | 0:55:41 | |
Oh, my gosh. OK, thank you very much. | 0:55:41 | 0:55:43 | |
Well done. | 0:55:45 | 0:55:46 | |
Frances and Courtney, it's a tough one. | 0:55:54 | 0:55:57 | |
Yeah. | 0:55:59 | 0:56:00 | |
Frances, this idea... | 0:56:04 | 0:56:07 | |
is not scalable. | 0:56:07 | 0:56:09 | |
I want a big business. | 0:56:09 | 0:56:11 | |
So I wish you the best of luck, | 0:56:11 | 0:56:13 | |
but I'm not going to be investing in you. | 0:56:13 | 0:56:16 | |
So, Frances, | 0:56:16 | 0:56:18 | |
-you're fired. -Thank you. Good luck, guys. All the best. | 0:56:18 | 0:56:21 | |
And there was two. | 0:56:26 | 0:56:27 | |
Congratulations, you two. | 0:56:28 | 0:56:31 | |
You've battled your way through 11 weeks of gruelling tasks. | 0:56:31 | 0:56:35 | |
You're now going to go into the final. | 0:56:35 | 0:56:37 | |
If you think what you've done so far is tough, | 0:56:37 | 0:56:39 | |
the final is going to be even tougher still. | 0:56:39 | 0:56:41 | |
But in the meantime, take a little rest | 0:56:41 | 0:56:43 | |
and I'll see you in a couple of days' time. | 0:56:43 | 0:56:45 | |
-Thank you so much. -Cheers. | 0:56:45 | 0:56:47 | |
We've done it. | 0:56:50 | 0:56:52 | |
All the best, yeah? | 0:56:52 | 0:56:53 | |
I am a more charismatic person than Courtney. | 0:56:57 | 0:57:00 | |
I genuinely, genuinely thought I could be in that final, | 0:57:00 | 0:57:04 | |
but I'm not, you know, I'm sat here instead. | 0:57:04 | 0:57:06 | |
But I've got such a bright, brilliant future. | 0:57:06 | 0:57:09 | |
-We did it. Well done, Alana. -Yeah! | 0:57:13 | 0:57:15 | |
-Oh, God, that was right in my ear. -Sorry! | 0:57:15 | 0:57:18 | |
It's all smiles now but you're the one person | 0:57:18 | 0:57:21 | |
standing in my way of £250,000. | 0:57:21 | 0:57:23 | |
Yeah. This investment is mine. | 0:57:23 | 0:57:25 | |
My heels are firmly in the ground, Courtney. | 0:57:25 | 0:57:28 | |
Maybe you could use that money you've saved up for a house. | 0:57:28 | 0:57:31 | |
Just saying. | 0:57:32 | 0:57:34 | |
Now only two remain. | 0:57:36 | 0:57:39 | |
The search for Lord Sugar's next business partner is nearly over. | 0:57:40 | 0:57:46 | |
Next time... | 0:57:48 | 0:57:49 | |
For your final task, I want you to launch your businesses. | 0:57:49 | 0:57:52 | |
Hello, ladies and gentlemen. | 0:57:52 | 0:57:53 | |
Three, two, one, action! | 0:57:53 | 0:57:55 | |
Familiar faces... | 0:57:55 | 0:57:56 | |
-I look at that and I'm bored. -You're really missing the point, Sofiane. | 0:57:56 | 0:57:59 | |
No, I think you're missing the point. | 0:57:59 | 0:58:01 | |
..brand-new businesses. | 0:58:01 | 0:58:02 | |
Brand change, logo's changed, I've put my name in it. | 0:58:02 | 0:58:06 | |
Cakes... | 0:58:06 | 0:58:07 | |
Do I scream luxury? | 0:58:07 | 0:58:09 | |
..or gifts? | 0:58:09 | 0:58:10 | |
What we have here is a trophy baby beaker. | 0:58:10 | 0:58:13 | |
Only one can win. | 0:58:13 | 0:58:15 | |
You're going to be my business partner. | 0:58:15 | 0:58:18 |