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|---|---|---|---|
This is an unbelievable opportunity. | 0:00:02 | 0:00:04 | |
Lord Sugar is in the market for a brand-new business partner. | 0:00:04 | 0:00:09 | |
This process is not about a job. It's about me ploughing £250,000 into a business. | 0:00:09 | 0:00:16 | |
There are people in this room that are hungry for this deal. | 0:00:16 | 0:00:20 | |
Here to do battle for his backing, 16 ambitious entrepreneurs. | 0:00:21 | 0:00:27 | |
You told me you can do things, you lot. You can't. You're all a bloody waste of space. | 0:00:27 | 0:00:33 | |
At stake, a quarter-million-pound investment | 0:00:33 | 0:00:38 | |
and a 50/50 partnership with a business icon. | 0:00:38 | 0:00:42 | |
I believe actions speak louder than words. | 0:00:42 | 0:00:47 | |
This is rubbish. This idea is rubbish. | 0:00:47 | 0:00:50 | |
It's a deal worth fighting for. | 0:00:50 | 0:00:53 | |
Will you be quiet, you silly shit? | 0:00:53 | 0:00:56 | |
16 potential business partners. | 0:00:56 | 0:00:59 | |
Caravan, caravan! | 0:00:59 | 0:01:01 | |
-Hold me tight! -Get in! | 0:01:02 | 0:01:05 | |
Twelve tough weeks. | 0:01:05 | 0:01:08 | |
-You can't change project manager. -You can. -I'm really worried. | 0:01:08 | 0:01:12 | |
One life-changing opportunity. | 0:01:12 | 0:01:14 | |
You're fired. You're fired. I don't want to see your face any more - you're fired. | 0:01:14 | 0:01:21 | |
-Previously on The Apprentice: -I want to see if you can grow a business from scratch in 48 hours. | 0:01:29 | 0:01:36 | |
-It was back to basics... -Good luck. -..and boys versus girls. | 0:01:36 | 0:01:41 | |
-I look like roadkill! -Luisa had a head for low-cost fashion. -Nice look, isn't it? | 0:01:41 | 0:01:47 | |
-While the boys took a punt on pricey ceramics. -This will be a hard slog. | 0:01:47 | 0:01:52 | |
-Jordan gambled on a piece of pottery... -It's £76. | 0:01:52 | 0:01:56 | |
-..but failed to flog it. -Maybe you should go to more craft-y shops. | 0:01:56 | 0:02:01 | |
-In the boardroom... -Very well done. -..finally, an all-girl win. | 0:02:01 | 0:02:05 | |
Jordan dropped a bombshell... | 0:02:05 | 0:02:08 | |
-If you and I go into business, there's another person. -So there's three in this partnership? -Yes. | 0:02:08 | 0:02:15 | |
-What bleedin' world do you live in?! -Neil found himself under fire. | 0:02:15 | 0:02:19 | |
I do have this concern that your limitation is to sales. | 0:02:19 | 0:02:24 | |
-But Myles took a direct hit. -Myles, this task, I'm not sure you got it. You're fired. | 0:02:24 | 0:02:31 | |
Thank you. I've learned a lot. | 0:02:31 | 0:02:33 | |
And he became the eleventh casualty of the boardroom. Now five remain to fight for the chance to become | 0:02:33 | 0:02:40 | |
Lord Sugar's business partner. | 0:02:40 | 0:02:43 | |
8am. | 0:02:51 | 0:02:53 | |
One week to go. | 0:02:55 | 0:02:58 | |
Last chance to win a place in the final. | 0:02:58 | 0:03:01 | |
-The last boardroom, that was a close call. -Intense. | 0:03:01 | 0:03:05 | |
I must admit, I've never felt as nervous as I did. | 0:03:05 | 0:03:09 | |
You've proved your worth. We've worked hard to get here. | 0:03:09 | 0:03:13 | |
It really has stepped up another level. | 0:03:13 | 0:03:17 | |
TELEPHONE RINGS | 0:03:17 | 0:03:19 | |
- Hello? - Neil, for the next stage of the process | 0:03:27 | 0:03:31 | |
you're going to be interviewed by my advisers. You've got 24 hours to brush up on your business plans. | 0:03:31 | 0:03:38 | |
Be prepared for your interviews tomorrow. | 0:03:38 | 0:03:43 | |
OK, thank you, Lord Sugar. Bye-bye. | 0:03:43 | 0:03:45 | |
Lord Sugar's aides will be interviewing us tomorrow. Then it's up to him. | 0:03:45 | 0:03:51 | |
-I'm scared. -I'm absolutely dreading this. | 0:03:51 | 0:03:55 | |
We've been showing we're capable. Now we can show our business is capable. | 0:03:55 | 0:04:00 | |
For the final five, 24 hours to brush up on their business plans. | 0:04:00 | 0:04:06 | |
With the best record in the process, but questions over his proposal, business analyst Jordan Poulton. | 0:04:09 | 0:04:17 | |
I know Lord Sugar has some concerns and confusion around my business, | 0:04:17 | 0:04:22 | |
but I'm excited to get the opportunity to clarify it. | 0:04:22 | 0:04:25 | |
I'm not worried that anyone's better than me. I am, by far, the best investment opportunity in this group. | 0:04:25 | 0:04:31 | |
Next, entertainment entrepreneur Francesca MacDuff-Varley. | 0:04:31 | 0:04:36 | |
I've started three businesses from scratch. I think if you have | 0:04:36 | 0:04:40 | |
a shadow of doubt, you will crack. | 0:04:40 | 0:04:43 | |
On a winning team five times, she's played fair all the way. | 0:04:43 | 0:04:48 | |
The time for game playing is done with. | 0:04:48 | 0:04:51 | |
The people interviewing us know what they're talking about. If you play games, good luck with them. | 0:04:51 | 0:04:58 | |
Never afraid to ruffle feathers, multiple business owner Luisa Zissman. | 0:04:58 | 0:05:04 | |
I am used to ruling the roost. | 0:05:04 | 0:05:07 | |
I don't think being a strong woman is a bad thing at all. I stand by that. | 0:05:07 | 0:05:12 | |
If you're weak, I'll have you for dinner. He should invest in me. | 0:05:12 | 0:05:17 | |
I have two successful businesses in that industry and they're all in profit. | 0:05:17 | 0:05:22 | |
Regional sales manager Neil Clough, the only candidate to lead a team three times. | 0:05:22 | 0:05:28 | |
From week one all the way through to where I am now, | 0:05:28 | 0:05:33 | |
my objective has been to win. Not to get to the final five. I'm here to win. | 0:05:33 | 0:05:39 | |
I'm really confident in my plan. It's thought through. | 0:05:39 | 0:05:42 | |
I'm going to drive a very successful business. | 0:05:42 | 0:05:46 | |
Doctor and emerging businesswoman Leah Totton. | 0:05:46 | 0:05:51 | |
I'm very passionate about the business plan I'll be pitching. | 0:05:51 | 0:05:55 | |
The profit potential is phenomenal. I think of all the candidates, I'm the one | 0:05:55 | 0:06:00 | |
who has blossomed the most. I came in with the least experience | 0:06:00 | 0:06:04 | |
and I'm as strong now as the others. | 0:06:04 | 0:06:07 | |
8am. | 0:06:21 | 0:06:23 | |
After ten gruelling tasks, | 0:06:27 | 0:06:30 | |
today for the first time business plans will be dissected. | 0:06:30 | 0:06:35 | |
The Institute of Directors. | 0:06:44 | 0:06:47 | |
Meeting place for the bosses of British industry. | 0:06:52 | 0:06:56 | |
Good morning. | 0:07:16 | 0:07:18 | |
Now when I first met you, at the beginning of the process, | 0:07:18 | 0:07:22 | |
you gave me a brief idea of what your business plan was all about. | 0:07:22 | 0:07:27 | |
They all sound reasonable ideas, but I'm not going into business with just anybody. | 0:07:27 | 0:07:34 | |
You need a very, very good plan and I need to know you are the right calibre of person. | 0:07:34 | 0:07:40 | |
So I'm going to put you in front of four of my very trusted advisers. | 0:07:40 | 0:07:46 | |
And, trust me, there's no pulling the wool over their eyes. | 0:07:46 | 0:07:51 | |
They will report back to me | 0:07:51 | 0:07:54 | |
and two of you are going to go through to the final. And three of you will be fired. | 0:07:54 | 0:08:01 | |
Hand your business plans over to Nick and Karren and off you go. | 0:08:02 | 0:08:06 | |
Thank you. | 0:08:06 | 0:08:08 | |
How's everyone feeling? | 0:08:17 | 0:08:19 | |
-I think we're all nervous. -A true warrior wants a good fight. | 0:08:21 | 0:08:26 | |
This is our chance to showcase our business, smile, walk out with head held high. | 0:08:26 | 0:08:31 | |
If we all have that kind of attitude, we'll have a lovely day. | 0:08:31 | 0:08:36 | |
Fran, you're quiet. | 0:08:36 | 0:08:38 | |
Backgrounds are checked, business plans analysed, | 0:08:42 | 0:08:47 | |
credentials scrutinised. | 0:08:47 | 0:08:50 | |
Now time to face four of Lord Sugar's toughest taskmasters. | 0:08:50 | 0:08:54 | |
Claude Littner, Lord Sugar's former global troubleshooter. | 0:08:54 | 0:08:59 | |
His job today - uncover the pitfalls in potential partners' plans. | 0:08:59 | 0:09:06 | |
You say you're a ruthless firer and hirer. One chance and you're out. | 0:09:06 | 0:09:11 | |
Yeah, similar to Lord Sugar, really. | 0:09:11 | 0:09:13 | |
Don't compare yourself to Lord Sugar. Don't compare yourself ever to him. | 0:09:13 | 0:09:18 | |
No-nonsense Margaret Mountford, | 0:09:18 | 0:09:21 | |
long-standing adviser to Lord Sugar, | 0:09:21 | 0:09:25 | |
with a forensic skill for spotting genuine ability. | 0:09:25 | 0:09:30 | |
You say, "I've experienced huge success and utter defeat. I've walked in the footsteps of kings." | 0:09:30 | 0:09:37 | |
The schools that I've been to and the jobs that I've done... | 0:09:37 | 0:09:41 | |
You studied the greats in history, cherry-picked their knowledge | 0:09:41 | 0:09:45 | |
-and your role model is David Beckham? -I stand by that. | 0:09:45 | 0:09:49 | |
Yes. | 0:09:50 | 0:09:52 | |
Straight-talking Claudine Collins, running one of the UK's leading media agencies. | 0:09:53 | 0:09:59 | |
Her job today - expose the real people behind the self-promotion. | 0:09:59 | 0:10:05 | |
Out of everybody's CV that I've read, you came across as... a bit boring. | 0:10:05 | 0:10:11 | |
There's no real kind of spark. | 0:10:11 | 0:10:13 | |
Absolutely not. | 0:10:13 | 0:10:15 | |
I've had some amazing experiences, I've travelled the world and I'm not boring, so... | 0:10:15 | 0:10:20 | |
Returning to put the candidates through their paces, Mike Soutar. | 0:10:24 | 0:10:28 | |
-How do I address you? Is it Dr Leah? -You can call me Leah. | 0:10:28 | 0:10:33 | |
-Pioneer of Britain's free magazine industry. -Tell me about the business plan that you are presenting. | 0:10:33 | 0:10:39 | |
I plan to open a string of medical cosmetic clinics. I will offer anti-wrinkle injections, | 0:10:39 | 0:10:46 | |
facial fillers and skin peels. | 0:10:46 | 0:10:48 | |
-What would you do with this? -I'd suggest three areas of Botox. | 0:10:48 | 0:10:53 | |
Your glabella area, forehead and crown lines. | 0:10:53 | 0:10:57 | |
You could also have some filler to soften your nasolabial fold. | 0:10:57 | 0:11:02 | |
That would cost you just under £300. For the filler, I imagine you'd need over one syringe. | 0:11:02 | 0:11:08 | |
I'm so pumped up, I want to do them back to back because I'm ready for it. | 0:11:13 | 0:11:18 | |
-OK, guys, wish me luck. -Good luck, Neil. | 0:11:18 | 0:11:22 | |
-LEAH: -I think Neil will definitely be able to sell himself. -Yeah. | 0:11:22 | 0:11:27 | |
-I think he'll do fine. He's great under pressure. -So much self-belief. | 0:11:27 | 0:11:34 | |
-LUISA: He does have a lot of self-belief. -He's his own favourite product! | 0:11:34 | 0:11:38 | |
My business plan is an online estate agency business where the vendors do their own viewings | 0:11:40 | 0:11:45 | |
-and it's all online-based. -It would appear that, "It all stems back to when I finally sold my house | 0:11:45 | 0:11:52 | |
-"after two years on the market." -There's nobody better to sell your house than you. | 0:11:52 | 0:11:58 | |
-I've got to challenge you on just that basic premise. -You've been in sales. -Mm-hm. | 0:11:58 | 0:12:04 | |
You probably can sell your house. | 0:12:04 | 0:12:07 | |
Many people do not have that kind of skill. You've got to market it, set the price, negotiate... | 0:12:07 | 0:12:13 | |
I really take on board what you're saying, but I have to challenge it. | 0:12:13 | 0:12:19 | |
He has one mode - it's Neil. And there's nothing else. It really is off-putting. | 0:12:19 | 0:12:24 | |
But I really do think that could get him into the final, you know. I really do think. | 0:12:24 | 0:12:30 | |
My business plan isn't just about selling your own house. It's actually to be a national estate agency | 0:12:30 | 0:12:37 | |
-and get estate agents to advertise their properties on it. -Hang on. | 0:12:37 | 0:12:42 | |
-There are large, well-established companies in that space. -Yeah. -They'll go to the market leader. | 0:12:42 | 0:12:48 | |
-I'm going to compete with that. -You've got no chance. -I have. | 0:12:48 | 0:12:52 | |
-You don't. -I definitely have. -The market's full. -I believe in it. | 0:12:52 | 0:12:57 | |
I don't know if I'm not explaining it clearly... | 0:12:57 | 0:13:01 | |
I hope I'm explaining it clearly how ludicrous the whole idea is. | 0:13:01 | 0:13:05 | |
-It's something that I know. -Something you know? That's crap. | 0:13:05 | 0:13:09 | |
-Here he comes. -I like being challenged on things and defending myself. I thrive off it. | 0:13:11 | 0:13:18 | |
I would love to go in there again. | 0:13:18 | 0:13:21 | |
Oxford graduate. Good intellectual achievements. | 0:13:25 | 0:13:30 | |
-Tell me what you did at Oxford Entrepreneurs. -I wanted to be an entrepreneur. | 0:13:30 | 0:13:35 | |
When I got to Oxford, I realised there was an entrepreneur society. I took on a number of roles | 0:13:35 | 0:13:40 | |
-and became president after university. -As a full-time job? -A full-time job, yes. | 0:13:40 | 0:13:46 | |
It's like running your own business. If someone has an idea, I'd work on strategy, marketing, | 0:13:46 | 0:13:52 | |
and come up with a creative vision. | 0:13:52 | 0:13:55 | |
-A lot of success stories. -Thank you. | 0:13:55 | 0:13:59 | |
I'd like to go through in more detail your career progression. | 0:14:00 | 0:14:05 | |
I started my first business with £5,000 I borrowed. I had nothing. | 0:14:05 | 0:14:09 | |
-I made myself into a businesswoman. No one taught me. -Nothing indicates that you can run a big business. | 0:14:09 | 0:14:16 | |
You've been in this current business for 10 years. You've got a very small, little business. | 0:14:16 | 0:14:21 | |
-Where are we on turnover and profit? -Em...I don't know to split it up for you... | 0:14:21 | 0:14:29 | |
-"Year One I made X..." -Not to hand without looking at them, I'm afraid. | 0:14:29 | 0:14:34 | |
You should know that. You should know your numbers. | 0:14:34 | 0:14:39 | |
Let's... Don't let me down here. What honest business... This lookalike thing, | 0:14:39 | 0:14:44 | |
-you've been involved for 10 years. -Yes. -You must have numbers on that. | 0:14:44 | 0:14:48 | |
-We turn over £50,000-£60,000 profit. -No, hang on. | 0:14:48 | 0:14:52 | |
You can't turn over profit. | 0:14:52 | 0:14:54 | |
-We make around £2,500, £3,000 profit per month. -So if I take three and multiply by 12, I get £36,000. | 0:14:56 | 0:15:04 | |
-Yeah. -I have to say that these numbers don't quite stack up | 0:15:04 | 0:15:09 | |
with your claim that you made as part of your application of a turnover of £5 million. | 0:15:09 | 0:15:15 | |
I... | 0:15:17 | 0:15:18 | |
It was just a number. Number five came into my head. | 0:15:19 | 0:15:24 | |
It's just farcical. | 0:15:26 | 0:15:28 | |
Oh...! | 0:15:30 | 0:15:32 | |
-Was it bad? -It wasn't the highlight of my career. | 0:15:33 | 0:15:37 | |
Was it as bad as you thought it would be? Or worse? It was worse, wasn't it? | 0:15:39 | 0:15:44 | |
It would appear that you've got some successful businesses. Certainly the online one. £1.5 million turnover. | 0:15:55 | 0:16:02 | |
-Yes. -Then we move on to the cupcake shop. Have you got any profits? | 0:16:02 | 0:16:06 | |
-Last year the turnover was just over £100,000. -And then you formed another company. | 0:16:06 | 0:16:12 | |
-The online baking website. -Turnover £40,000 a month? -Yeah. -Very nice. | 0:16:12 | 0:16:18 | |
So why change your life? You've got it made. | 0:16:18 | 0:16:21 | |
Cos I always want more. | 0:16:21 | 0:16:24 | |
-Have you found this process easy or hard? -I found it a lot harder than I expected. | 0:16:24 | 0:16:29 | |
-It's been the game playing on a personal level. -The tactics. -That's what I felt the most unease with. | 0:16:29 | 0:16:37 | |
-Do you feel ready to prove something after the last boardroom? -Absolutely. | 0:16:38 | 0:16:44 | |
I'm sure Lord Sugar's going to be watching very closely. | 0:16:44 | 0:16:49 | |
-If he doesn't deliver a good interview, no one's going to. -He'll thrive off it. | 0:16:49 | 0:16:55 | |
From the age I can remember, I've always felt I was more intelligent than everyone else. | 0:16:55 | 0:17:01 | |
And I knew there was some thing I could do with that ability that would be meaningful. | 0:17:01 | 0:17:08 | |
I have this ability inside me that I don't know what to do with. | 0:17:08 | 0:17:12 | |
Business is the way you get "success" so why not learn about that? | 0:17:12 | 0:17:16 | |
And eventually I'll show everyone that I'm able. | 0:17:16 | 0:17:20 | |
-I'm going to move on. You talk a lot about the Oxford Entrepreneurs. -Mm. | 0:17:20 | 0:17:25 | |
You more or less say it's down to you that the first batch of businesses was acquired by Google. | 0:17:25 | 0:17:32 | |
One of the co-founders of the company said, "Jordan helped a lot with getting us office space | 0:17:32 | 0:17:38 | |
-"and supported various events." -I think I did a little bit more. | 0:17:38 | 0:17:42 | |
I have to be honest. You talk about yourself a lot as an entrepreneur. | 0:17:42 | 0:17:48 | |
Are you really? It comes across that you jump onto other people's ideas. | 0:17:48 | 0:17:53 | |
-No, that's unfair. -So what have you started from nothing? | 0:17:53 | 0:17:57 | |
The only real "business" I've run for myself was trading on eBay when I was a teenager. | 0:17:57 | 0:18:03 | |
-OK. So trading on eBay. -Yeah. For myself. I'll admit that. | 0:18:03 | 0:18:07 | |
The longer the day goes on, you've got to retain your stamina. | 0:18:09 | 0:18:14 | |
"Yay! Great. Two under my belt," but I've got two more to go. | 0:18:14 | 0:18:18 | |
I actually think it gets easier as it goes on. | 0:18:18 | 0:18:23 | |
The lady with a brain like Einstein who got a C, D and D in AS Levels. | 0:18:24 | 0:18:30 | |
Yeah, I flunked my AS Levels. | 0:18:30 | 0:18:33 | |
"People look at me and assume I'm a bimbo with hair extensions, fake boobs and nails." | 0:18:34 | 0:18:39 | |
Yeah. | 0:18:39 | 0:18:41 | |
-Obviously, that comment was very tongue-in-cheek. -Do you think it's sensible to be tongue-in-cheek | 0:18:41 | 0:18:47 | |
when you're completing an application for someone to make a £250,000 investment? | 0:18:47 | 0:18:52 | |
I don't think there's anything wrong with having personality in business. | 0:18:52 | 0:18:58 | |
-You spent a couple of years on this. -Yeah. -It's a bit perfunctory. -It's simple, but I believe effective. | 0:19:03 | 0:19:09 | |
I'm really passionate about my plan and driving that business. | 0:19:09 | 0:19:13 | |
The main gap is that people want to pay less commission, but they have the hassle of doing the viewings | 0:19:13 | 0:19:19 | |
and being there when the person comes round, which I think is a very bad idea. | 0:19:19 | 0:19:25 | |
I'd like to have a nationwide fitness and dance environment for people. | 0:19:26 | 0:19:31 | |
"What's the most interesting thing about you? My shoe collection." | 0:19:31 | 0:19:35 | |
I'm passionate about shoes. And I think it's something that would pique someone's interest. | 0:19:37 | 0:19:43 | |
Right, well, we can agree to differ on that one. | 0:19:43 | 0:19:48 | |
-You're working full-time as an NHS doctor in A&E. -Yeah. | 0:19:50 | 0:19:55 | |
-So why do you want to go into business with Lord Sugar? -First of all, I need the money. | 0:19:55 | 0:20:01 | |
-Does he have experience in anything to do with medicine? -Well...no. But I do. | 0:20:01 | 0:20:06 | |
-Tell me, in a nutshell, your idea. -Sure. It's an online platform and the idea is | 0:20:08 | 0:20:13 | |
it will allow hobbyists and brands to create mobile games easily. | 0:20:13 | 0:20:19 | |
You state that your business partner and you complement each other perfectly. | 0:20:19 | 0:20:24 | |
He focuses on technology delivery, you on all commercial aspects. Are you talking about Lord Sugar? | 0:20:24 | 0:20:30 | |
-No, I've been working with another person. He's the technologist. -Right. -I'm the creative visionary. | 0:20:30 | 0:20:37 | |
I'm the person worrying about strategy and sales and marketing. | 0:20:37 | 0:20:41 | |
-This process is to find Lord Sugar a business partner, but you already have a partner. -Yes. | 0:20:43 | 0:20:50 | |
OK, let's talk about your business. | 0:20:57 | 0:21:00 | |
The business I'm pitching is to create a new baking brand - cake tins, glitters, sprinkles. | 0:21:00 | 0:21:07 | |
I'm confused. It talks about you being a manufacturer as well as a wholesaler. | 0:21:07 | 0:21:13 | |
-That doesn't make any sense. -As well as a retailer. Your business plan is half-baked! | 0:21:13 | 0:21:20 | |
I think writing a business plan is definitely not one of my strong points. Face to face I'm stronger. | 0:21:20 | 0:21:26 | |
I feel there is a need for this. I've got first-hand experience. They're family-run businesses. | 0:21:26 | 0:21:34 | |
They just don't have the knowledge or the scope to expand, modernise with regard to online stock ordering. | 0:21:34 | 0:21:40 | |
That's why I'm pitching this business. I'm saying this is a problem and this is my solution. | 0:21:40 | 0:21:45 | |
-Luisa, I think you're crazy. You have experience of this marketplace. -Yeah. | 0:21:45 | 0:21:52 | |
You have really good examples of how this works and you haven't mentioned them in your business plan. | 0:21:52 | 0:21:59 | |
Yeah. | 0:21:59 | 0:22:01 | |
-It wasn't great, your business plan. -It wasn't. | 0:22:04 | 0:22:08 | |
I'm the first to admit that I have much less business experience than the others. | 0:22:08 | 0:22:14 | |
-So what is your anticipated profit in year one? -£265,000. | 0:22:14 | 0:22:18 | |
-You're never going to do that. -I will. -265,000 in year one? | 0:22:18 | 0:22:22 | |
My rent will be £30,000 a year, a receptionist I'm paying £16,000. | 0:22:22 | 0:22:26 | |
I'll have a cleaner for £8,000. I'll probably do that myself, if need be. | 0:22:26 | 0:22:32 | |
I was intrigued to see that you say you can solve | 0:22:32 | 0:22:36 | |
-a Rubik's cube in under three minutes. -Yes. | 0:22:36 | 0:22:41 | |
Well...let's just see, Jordan, what you're made of. | 0:22:42 | 0:22:48 | |
OK. | 0:22:48 | 0:22:50 | |
Your time starts now. | 0:22:50 | 0:22:52 | |
It includes everything bar electricity. | 0:23:04 | 0:23:07 | |
Now I'm going to employ someone, probably a nurse practitioner, as a clinical manager. | 0:23:07 | 0:23:13 | |
That's two minutes. | 0:23:19 | 0:23:21 | |
-Ah, the pressure's got to me. I made a mistake. -You've still got time. | 0:23:24 | 0:23:29 | |
Nnngh! | 0:23:32 | 0:23:34 | |
After four months, I will then leave the clinic. | 0:23:34 | 0:23:39 | |
She will also have doctors or nurses trained in aesthetic medicine to do one five-hour clinic a week... | 0:23:39 | 0:23:45 | |
-You speak very quickly. -Sorry. I've got so much I need to explain. | 0:23:45 | 0:23:49 | |
I'm the combination of business flair with a successful medical career. | 0:23:49 | 0:23:54 | |
For a £300 treatment, you'll make approximately £149 gross profit. | 0:23:54 | 0:24:00 | |
That's very interesting. Very interesting. | 0:24:00 | 0:24:04 | |
-That's your time up. -Oh! -I'm sorry. -I made a mistake, I'll admit it. It's the pressure. | 0:24:11 | 0:24:17 | |
It's not a problem sometimes to crumble under pressure. | 0:24:17 | 0:24:22 | |
Let's move on to your business plan. You create software, allow advertisers to make games. | 0:24:22 | 0:24:27 | |
On the basis that this is a technological platform, isn't your business partner the brains? | 0:24:27 | 0:24:33 | |
-He brings the real value to the business. -Without Steve Jobs, there's no Steve Wozniak. | 0:24:33 | 0:24:39 | |
-So you are Steve Jobs? -He channelled that ability to create products into an overarching company. | 0:24:39 | 0:24:45 | |
-That's where I think I come in. -Isn't it true that your business partner already had this company? | 0:24:45 | 0:24:52 | |
Yes, he started it before he met me and he had said, and I believe him - | 0:24:52 | 0:24:57 | |
we haven't exchanged the actual equity documents - that he wants me to be an equal partner. | 0:24:57 | 0:25:02 | |
In the business plan itself, you describe yourself as a co-founder of the company. | 0:25:02 | 0:25:08 | |
-Companies House lists two founders. -Yeah. -Neither of whom is you. | 0:25:08 | 0:25:13 | |
-You said, "I will do anything to win." -Yeah. -You do seem obsessed with winning. | 0:25:26 | 0:25:32 | |
Unfortunately, that is the way I go about things. If I have a bad period, | 0:25:32 | 0:25:36 | |
I have to make sure the next period is better than any I've had before. | 0:25:36 | 0:25:41 | |
Where does this innate ambition and competitiveness come from? It's a huge amount of pressure on you. | 0:25:41 | 0:25:48 | |
I think it is. And probably nobody puts more pressure on me than myself. | 0:25:48 | 0:25:54 | |
When my father passed away, I was 18 and I didn't take a day off work. | 0:25:54 | 0:25:59 | |
I saw that as weak. | 0:25:59 | 0:26:01 | |
-That's not weak. -That's the type of person I am. -You also said that one of your biggest regrets | 0:26:01 | 0:26:07 | |
-was not making it as a professional footballer. -At the time, my dad was really pushing me | 0:26:07 | 0:26:13 | |
to be a football player. | 0:26:13 | 0:26:15 | |
-It's not a regret because you didn't make it? -I let my dad down, yeah. | 0:26:15 | 0:26:21 | |
And I don't think I can ever change that so that's my biggest regret. | 0:26:21 | 0:26:26 | |
I failed with the somebody that I've got the utmost respect for, who's not here to say, "Well done." | 0:26:26 | 0:26:32 | |
I'm sure he'd be very proud. | 0:26:32 | 0:26:35 | |
I hope so. | 0:26:35 | 0:26:37 | |
Was that really hard? | 0:26:44 | 0:26:46 | |
Ah... | 0:26:46 | 0:26:48 | |
Neil, you're quiet for once! | 0:26:53 | 0:26:56 | |
I think she really wants to understand the person. | 0:26:56 | 0:27:00 | |
It was, "Cut the business. Let's talk about you." | 0:27:00 | 0:27:04 | |
Gosh. She won't like me. When in doubt, smile and pout. | 0:27:04 | 0:27:10 | |
Your old boss, you said, was a total idiot and taught you so much about how not to manage people. | 0:27:18 | 0:27:24 | |
Well, yeah, she was an idiot. | 0:27:24 | 0:27:27 | |
People have said that you're manipulative. | 0:27:27 | 0:27:31 | |
Your husband even said you can be very stubborn. | 0:27:31 | 0:27:35 | |
There are worse traits I could have, to be honest. | 0:27:35 | 0:27:39 | |
Being stubborn... | 0:27:39 | 0:27:41 | |
and having self belief I don't think is a bad thing. | 0:27:41 | 0:27:45 | |
If you ask any of the remaining candidates, one of my strongest points they'd all say | 0:27:45 | 0:27:51 | |
-is I get on with people really easily. -I have asked people | 0:27:51 | 0:27:55 | |
and the one thing that did come out was the manipulation, game-playing, the unprofessional... | 0:27:55 | 0:28:01 | |
I'm not unprofessional. I have a big personality. | 0:28:01 | 0:28:06 | |
It's not nice to be told you're manipulative, intimidating. No one wants to hear that. | 0:28:06 | 0:28:11 | |
But I feel like I have changed throughout this process from the criticism I have got. | 0:28:11 | 0:28:17 | |
OK. That's good. | 0:28:17 | 0:28:20 | |
She was tough. | 0:28:20 | 0:28:22 | |
Like, you know, "The candidates have said you are manipulative, argumentative." It's been said | 0:28:22 | 0:28:29 | |
-that I'm a game player. -Things have been said... -I know you've said those things about me. | 0:28:29 | 0:28:36 | |
-Not all of those things! -But they are points you felt. | 0:28:36 | 0:28:40 | |
I hope you've seen my change. | 0:28:40 | 0:28:43 | |
I think you're in trouble with this plan. You're not an estate agent. | 0:28:47 | 0:28:52 | |
-And your unique selling point is that you want people to sell their own homes. -Yeah. | 0:28:52 | 0:28:59 | |
You expect estate agents to pay to go onto that website. | 0:28:59 | 0:29:03 | |
-I can't see it working like this. -I believe it can. -I'm looking for evidence. -The evidence is there. | 0:29:03 | 0:29:10 | |
I absolutely know that I can make it work. | 0:29:10 | 0:29:14 | |
You do comment on your looks constantly. | 0:29:14 | 0:29:17 | |
You stated twice that you're more glamorous than all the other people and your hair is more voluminous. | 0:29:17 | 0:29:23 | |
When asked what's the worst lie you've ever told, it's that you're a dress size six. | 0:29:23 | 0:29:28 | |
What do you think that says about you? | 0:29:28 | 0:29:31 | |
I'm a 24-year-old woman. Of course, my looks are important to me. | 0:29:31 | 0:29:35 | |
Do I feel I'm obsessed with my own image? No. | 0:29:35 | 0:29:39 | |
But your whole business is about people being judged on their looks. | 0:29:39 | 0:29:43 | |
You're potentially going to make money out of maybe young girls not feeling good about themselves, | 0:29:43 | 0:29:49 | |
coming in, thinking they don't look good as they are and want to look like all the celebrities out there. | 0:29:49 | 0:29:55 | |
Not at all. I am an extremely moral person. | 0:29:55 | 0:29:59 | |
I'm very ethically aware and I would totally challenge that point. | 0:29:59 | 0:30:03 | |
If you're tarring me with an unethical brush, | 0:30:03 | 0:30:06 | |
you need to tar every cosmetic surgeon currently working in the UK. | 0:30:06 | 0:30:09 | |
I think what I'm hearing is the guy who sits there, | 0:30:09 | 0:30:12 | |
who has no self-doubt, who has to believe that this will work. | 0:30:12 | 0:30:16 | |
I know how to make it successful and I believe that I will. | 0:30:16 | 0:30:20 | |
You're going to keep hearing me say it because I truly believe it. | 0:30:20 | 0:30:24 | |
And you'll keep hearing me say I think you're in trouble with this business plan. | 0:30:24 | 0:30:29 | |
Hello. I'm Jordan. | 0:30:40 | 0:30:42 | |
I know you are. | 0:30:42 | 0:30:44 | |
It transpires that, actually, this isn't your business. | 0:30:46 | 0:30:50 | |
Mm-hm. | 0:30:50 | 0:30:52 | |
"Mm-hm?" What does "mm-hm" mean? | 0:30:53 | 0:30:56 | |
-There are three parts to the answer, I think. -Hang on a second. | 0:30:56 | 0:31:00 | |
-You are not a shareholder in this business. -Correct. | 0:31:00 | 0:31:04 | |
Correct. Therefore, you've got no right to negotiate | 0:31:04 | 0:31:08 | |
or give away a part of a business that you do not own. | 0:31:08 | 0:31:12 | |
-Mm-hm. -Furthermore, and this is what I'm very upset about, | 0:31:12 | 0:31:16 | |
having waded through these pages, when I got to page 45 in your 52-page diatribe here... | 0:31:16 | 0:31:22 | |
..you're only prepared to yield 15.39% equity. | 0:31:24 | 0:31:29 | |
-That's not the deal. The deal is 50% for £250,000. -Mm-hm. | 0:31:31 | 0:31:36 | |
You've got no right to be here. You're feeding on somebody else's idea, somebody else's business. | 0:31:36 | 0:31:42 | |
-You're a parasite. -Can I defend myself before I leave? | 0:31:42 | 0:31:46 | |
Frankly, I think this interview is terminated. | 0:31:46 | 0:31:49 | |
You can leave now. | 0:31:49 | 0:31:51 | |
Was that one of the toughest interviews you've ever had? | 0:32:03 | 0:32:07 | |
Hmm. One of them. | 0:32:07 | 0:32:10 | |
If Lord Sugar said that he could see the prototype entrepreneur inside you... | 0:32:21 | 0:32:27 | |
-Yeah. -..but didn't want to invest in this business, how would you change the business plan? | 0:32:27 | 0:32:32 | |
-He will see I can make this business a success. -What changes would you make? What's your Plan B? | 0:32:32 | 0:32:37 | |
This is the one I'm passionate about and this is the one that I want him to invest in me. | 0:32:37 | 0:32:43 | |
The more I think about it, the worse I think it's gone today. Don't you? | 0:32:50 | 0:32:55 | |
After having been through what I think is by far the worst part of the entire process, | 0:32:55 | 0:33:00 | |
I would be gutted if I didn't win. | 0:33:00 | 0:33:02 | |
If I did the same again, I'd do it exactly the same way because I think I answered everything the right way. | 0:33:02 | 0:33:08 | |
I am more than happy for today to be over. | 0:33:08 | 0:33:11 | |
-I could do another one. -You could?! | 0:33:11 | 0:33:15 | |
I'd rather give birth again than do this. | 0:33:15 | 0:33:18 | |
Welcome again into the boardroom and thanks for all the work and effort that you've put in | 0:33:55 | 0:34:02 | |
in appraising these five people. | 0:34:02 | 0:34:04 | |
I can't wait to hear what you've got to say, because at the end of today, two will go forward into the final. | 0:34:04 | 0:34:11 | |
So, where shall we start? What do you think about Luisa? | 0:34:11 | 0:34:15 | |
Now, she has been a handful in the last ten weeks, I have to say, | 0:34:15 | 0:34:21 | |
but she has pulled in some results and that's why she's still here. | 0:34:21 | 0:34:25 | |
-She's very streetwise, she's very bright. I have no doubt that she'll make a success. -Yeah. | 0:34:25 | 0:34:31 | |
But there's a "spoilt child" syndrome that comes out sometimes. | 0:34:31 | 0:34:35 | |
She called one of her old bosses "a total idiot" and I think you would have your hands full. | 0:34:35 | 0:34:41 | |
Is this one too hot to handle, a bit too sharp for her own good? | 0:34:41 | 0:34:45 | |
I think she might be. The business plan is not really a fully formed plan in any way. | 0:34:45 | 0:34:50 | |
But what she wants to do is create a brand. It's not a bad idea for any kind of baking. | 0:34:50 | 0:34:55 | |
-There's definitely a market for that. -A one-stop shop for bakers? | 0:34:55 | 0:34:59 | |
The market gap is that the people delivering that at the moment are too slow and always out of stock. | 0:34:59 | 0:35:05 | |
Her business is a viable business. | 0:35:05 | 0:35:07 | |
Who is her customer? The small baker or the individual? | 0:35:07 | 0:35:11 | |
Her main target is other retailers who want to stock this particular product. | 0:35:11 | 0:35:17 | |
What she wants is your black book of contacts, so you can ring up supermarkets. | 0:35:17 | 0:35:22 | |
-Quite rightly so. I can pick the phone up. -Alan, it's the chequebook she wants. | 0:35:22 | 0:35:27 | |
-I'm not going to spend hundreds of thousands on hundreds and thousands! -You may end up doing that! | 0:35:27 | 0:35:33 | |
So, would you like to talk to me about Francesca? | 0:35:33 | 0:35:38 | |
She wants to open these dance studios in the centre of towns and places like that. | 0:35:38 | 0:35:43 | |
-She's identified what is a real craze at the moment. -Yes. It's not a daft idea. | 0:35:43 | 0:35:48 | |
So, I'd be Lord of the Dance, would I? | 0:35:48 | 0:35:51 | |
She probably would need your help more than any of them, actually, | 0:35:51 | 0:35:55 | |
to deliver this, but I had so much respect for her because she is a real self-starter. | 0:35:55 | 0:36:00 | |
What's this figure on her CV here, Claude? | 0:36:00 | 0:36:04 | |
It says, "Turnover - five million." | 0:36:04 | 0:36:07 | |
She admitted that was a number that was just plucked out of her head. | 0:36:07 | 0:36:11 | |
If I can just say something about her, she has got experience in the area she wants to go into. | 0:36:11 | 0:36:17 | |
That's a very positive thing, but I'd be concerned | 0:36:17 | 0:36:20 | |
about you investing a significant amount of money with her. I'm not sure she can scale it up. | 0:36:20 | 0:36:26 | |
Cloughie... | 0:36:26 | 0:36:28 | |
Neil Clough, who has been an exceptional candidate... | 0:36:28 | 0:36:32 | |
Sadly, the business plan is inconsistent in many places | 0:36:32 | 0:36:36 | |
and it's not really a fully formed plan in any way. | 0:36:36 | 0:36:40 | |
-Tell me what it is. -He's going to have people who want to sell their houses by themselves. | 0:36:40 | 0:36:45 | |
They'll do the viewings, they'll do everything. | 0:36:45 | 0:36:48 | |
He'll do this for a smaller percentage of the normal fee. | 0:36:48 | 0:36:51 | |
So he wants to deal directly with the vendor of the house? | 0:36:51 | 0:36:55 | |
That's one of his areas. Alongside that, he wants to introduce estate agents into his business. | 0:36:55 | 0:37:01 | |
There's a massive contradiction. | 0:37:01 | 0:37:03 | |
If you was an estate agent, why would you want to put your property on a website | 0:37:03 | 0:37:08 | |
which is trying to stitch you up also? | 0:37:08 | 0:37:11 | |
All it is is an advertising website, it seemed to me. | 0:37:11 | 0:37:14 | |
But he's spent ten weeks being very determined and forceful. | 0:37:14 | 0:37:19 | |
You could see how intense the guy is. | 0:37:19 | 0:37:21 | |
Yet he'll let himself down, from what I'm hearing, with this thing here. | 0:37:21 | 0:37:26 | |
He wants it, I felt, more than anybody else. He was so passionate, so driven. | 0:37:26 | 0:37:31 | |
I think his incredible amount of self-belief is the thing that gets in the way | 0:37:31 | 0:37:37 | |
of him listening to advice. | 0:37:37 | 0:37:39 | |
He can't for a moment feel that he is wrong. He can't retreat from any single part of his plan. | 0:37:39 | 0:37:46 | |
It's complete and utter naivety. You're saying you all suggested to him that this is not acceptable? | 0:37:46 | 0:37:52 | |
He seemed very wedded to his idea and it would have been nice if he'd taken counsel on this. | 0:37:52 | 0:37:57 | |
This is disappointing, this is disappointing. This is naivety. | 0:37:57 | 0:38:02 | |
Let's talk about our doctor, Leah. | 0:38:03 | 0:38:06 | |
Leah aims to start up a string of facial aesthetics clinics, | 0:38:06 | 0:38:12 | |
offering non-surgical treatment. | 0:38:12 | 0:38:14 | |
Lunchtime facial fillers? Sounds like a big sandwich to me! | 0:38:14 | 0:38:18 | |
LAUGHTER | 0:38:18 | 0:38:20 | |
-That's the business I'd be going into? -Yes. -That's already raised some eyebrows! | 0:38:20 | 0:38:25 | |
You can't raise your eyebrows! | 0:38:25 | 0:38:27 | |
That's the problem. | 0:38:28 | 0:38:30 | |
I think at the end of the day, the young girls and the young men that want it done | 0:38:30 | 0:38:35 | |
will first of all go by recommendation | 0:38:35 | 0:38:38 | |
-and then it's the price? -Yeah. | 0:38:38 | 0:38:40 | |
She's very competitively priced, so I think she's done her homework. | 0:38:40 | 0:38:45 | |
I found her probably the most cold. | 0:38:45 | 0:38:47 | |
She wants to be taken seriously, so she feels she has to have this kind of professional air. | 0:38:47 | 0:38:52 | |
Leah is a really credible person to be suggesting this as a business. | 0:38:52 | 0:38:58 | |
Not only has she got very good margins associated with what she... | 0:38:58 | 0:39:03 | |
-You smoothed out the wrinkles in her business plan? -I tried to. | 0:39:03 | 0:39:06 | |
I think she's a super-smart woman. | 0:39:06 | 0:39:09 | |
It's a fashionable business. I have a concern on the moral side of it. | 0:39:09 | 0:39:13 | |
If I got involved in this business, doctors will have to be in charge as far as I'm concerned. | 0:39:13 | 0:39:18 | |
All right. What do you make of Jordan? | 0:39:18 | 0:39:21 | |
His business plan is something to do with an immersive mobile experience. | 0:39:21 | 0:39:26 | |
I thought that's when you dropped your phone in the loo or something! | 0:39:26 | 0:39:30 | |
Sadly, I have to report to you that I had to throw him out. | 0:39:30 | 0:39:34 | |
-Really? -He doesn't own the business. He doesn't have any stake in the business. | 0:39:34 | 0:39:38 | |
The company is already in existence and he is not one of the owners, directors, shareholders. | 0:39:38 | 0:39:44 | |
I see his name nowhere. | 0:39:44 | 0:39:46 | |
Last week in the boardroom, he said that he had somebody who designed the technology. | 0:39:46 | 0:39:51 | |
-He implied this person was a techy person. -He didn't want to leg him over. -That's right. | 0:39:51 | 0:39:56 | |
If I was interested in this idea, I'd have to not talk to him, but to the people that own the business. | 0:39:56 | 0:40:02 | |
How do I know what they'll say? They might say, "You can't have anything." | 0:40:02 | 0:40:07 | |
Jordan is a very driven individual, but he is not an entrepreneur. | 0:40:07 | 0:40:12 | |
He takes credit for other people's successes. | 0:40:12 | 0:40:15 | |
In here, he talks sometimes... He saved his life last week. | 0:40:15 | 0:40:18 | |
He's intelligent, he's articulate, so I would expect him to put up a good show. | 0:40:18 | 0:40:24 | |
I've now got to get on and talk to these candidates, but you've been very helpful, so thanks a lot. | 0:40:25 | 0:40:31 | |
Thank you. | 0:40:31 | 0:40:33 | |
SIGHS DEEPLY | 0:40:49 | 0:40:51 | |
It's been an interesting debate. What do you make of that Jordan? | 0:40:51 | 0:40:56 | |
His problem has been the same throughout this process. He doesn't do anything on his own. | 0:40:56 | 0:41:01 | |
-He doesn't actually have a product of his own to offer you. -Right. | 0:41:01 | 0:41:05 | |
PHONE RINGS | 0:41:07 | 0:41:09 | |
-'Could you send the five of them in, please?' -Yes, Lord Sugar. | 0:41:09 | 0:41:13 | |
You can go through to the boardroom now. | 0:41:13 | 0:41:16 | |
Well, I have spoken to my advisers | 0:41:29 | 0:41:32 | |
and a lot of interesting stuff has come out. | 0:41:32 | 0:41:35 | |
And some of you, as you know, are in the last chance saloon, anyway. | 0:41:35 | 0:41:41 | |
Yeah? | 0:41:41 | 0:41:42 | |
So, I'll start with you, Jordan. | 0:41:42 | 0:41:44 | |
The reason you're still sitting here is because I am a technology man, as you know. | 0:41:45 | 0:41:51 | |
What I heard from the advisers was that your business plan | 0:41:51 | 0:41:57 | |
is not really your business. | 0:41:57 | 0:41:59 | |
That's not the case, Lord Sugar. | 0:41:59 | 0:42:01 | |
-It IS the case, isn't it? -It's not. It's my vision. | 0:42:01 | 0:42:05 | |
Claude told us you're not a shareholder of this business. | 0:42:05 | 0:42:08 | |
I've had a gentlemen's agreement with this person that I would be part of this company. | 0:42:08 | 0:42:13 | |
Cut the crap here. | 0:42:13 | 0:42:15 | |
You want me to invest in another business that's already been going that you don't even own yourself? | 0:42:15 | 0:42:22 | |
I've got nowhere further to go, really, with this business plan of yours, Jordan. | 0:42:25 | 0:42:30 | |
I've got nowhere else to go. | 0:42:32 | 0:42:34 | |
Jordan... | 0:42:34 | 0:42:36 | |
-You're fired. -OK, thank you for the opportunity, Lord Sugar. | 0:42:36 | 0:42:40 | |
I... | 0:42:51 | 0:42:53 | |
I think that shows you how serious I am here | 0:42:53 | 0:42:59 | |
before I part with my money. | 0:42:59 | 0:43:01 | |
You know? Business is business. | 0:43:01 | 0:43:04 | |
Now, Luisa, you're already successful. You've already got three businesses. | 0:43:05 | 0:43:11 | |
Somebody who's got a mini-conglomerate, which is what you've got, | 0:43:11 | 0:43:15 | |
you can't focus on four things at once. | 0:43:15 | 0:43:19 | |
If we went into business together, I'll give you my 100% commitment. | 0:43:19 | 0:43:23 | |
I don't want to hear any more about the 100 and 110 per cents. | 0:43:23 | 0:43:27 | |
I want a straight answer here | 0:43:27 | 0:43:29 | |
because trust me, there are people in this room that are hungry for this deal. | 0:43:29 | 0:43:34 | |
OK? That are prepared to devote themselves to this new business, right? | 0:43:34 | 0:43:39 | |
And not to be deflected with anything else. | 0:43:39 | 0:43:42 | |
You've got to be brilliant for me to choose you | 0:43:42 | 0:43:45 | |
if you think I'll allow you to mess about with three other businesses on the side. | 0:43:45 | 0:43:50 | |
Me having three other businesses in the sector I'm proposing to go into is only of benefit to you. | 0:43:50 | 0:43:55 | |
The industry is made up of small, independent, predominantly family-run businesses | 0:43:55 | 0:44:01 | |
that don't have the scope or vision or knowledge, so we can create a new brand | 0:44:01 | 0:44:06 | |
-that has a constant supply for the demand that's out there. -Hmm... | 0:44:06 | 0:44:10 | |
Now, Francesca, how do you think you've done in this process here | 0:44:11 | 0:44:15 | |
because I haven't personally seen any sparks of brilliance from you? | 0:44:15 | 0:44:20 | |
Out of the four of you sitting here now, you are the one who I think played it the safest, so to speak. | 0:44:20 | 0:44:27 | |
I don't feel like I play it safe. My disposition is not to shout and jump up and down. | 0:44:27 | 0:44:31 | |
No, I take that point. Shouting and screaming is not the be-all and end-all. Got it. | 0:44:31 | 0:44:38 | |
But it's just a feeling that I have. | 0:44:38 | 0:44:40 | |
Francesca, I've observed you closely for the past ten weeks. | 0:44:40 | 0:44:44 | |
Sometimes you've struggled with the ruthlessness of the process. | 0:44:44 | 0:44:48 | |
I wonder whether you'd be able to carry that forward into business? | 0:44:48 | 0:44:52 | |
I'm a very fair person. Sometimes I've struggled with those things, | 0:44:52 | 0:44:56 | |
but that's nothing to be ashamed of in business. | 0:44:56 | 0:44:59 | |
I've got to a point in my life that I know who I am, I know where I'm going | 0:44:59 | 0:45:03 | |
and I'm driven from something that not everyone has and that is the survival instinct. | 0:45:03 | 0:45:08 | |
Leah, normally, scientists and doctors and boffins | 0:45:08 | 0:45:12 | |
are the worst people in the world for business. | 0:45:12 | 0:45:16 | |
Why am I to believe that you are unique | 0:45:16 | 0:45:19 | |
in the sense that you're the first doctor that can turn their hand to business? | 0:45:19 | 0:45:24 | |
I have already demonstrated that I can. I've trained privately in aesthetic medicine. | 0:45:24 | 0:45:29 | |
-Have you learnt a lot through this process? -So much. | 0:45:29 | 0:45:32 | |
When we first met you, you took a lot of time to come into your own and engage. | 0:45:32 | 0:45:37 | |
I think we see someone a bit different in front of us today. | 0:45:37 | 0:45:41 | |
I'm probably the person that has taken the most from it and has learnt the most. | 0:45:41 | 0:45:46 | |
I've learnt loads about myself and I have shown I have a genuine ability in business. | 0:45:46 | 0:45:51 | |
This is Lord Sugar going in the face-straightening business. Where do we stand on the moral ground? | 0:45:51 | 0:45:56 | |
This has repeatedly come up and I'm a bit confused by it. | 0:45:56 | 0:46:00 | |
I don't know why. You might be young, but you're not stupid. | 0:46:00 | 0:46:03 | |
We've seen some horror pictures of people that over-indulge in this. | 0:46:03 | 0:46:07 | |
Some professional somewhere has taken their money. | 0:46:07 | 0:46:11 | |
I am the most legit person you will ever meet. | 0:46:11 | 0:46:14 | |
-You'd turn people away? -Of course. -You'll turn them away and say, "I'm not taking your money"? | 0:46:14 | 0:46:19 | |
-Yes, 100%. -Hmm... | 0:46:19 | 0:46:22 | |
Neil... Neil, I'm going to be very, very honest with you here. | 0:46:24 | 0:46:29 | |
Very, very honest because I think you all deserve me to be honest with you at this late stage in the process. | 0:46:29 | 0:46:35 | |
I am bitterly disappointed with your business proposal. | 0:46:36 | 0:46:40 | |
I know that ten weeks ago when I first met you, | 0:46:40 | 0:46:44 | |
I just flipped through all of you very quickly, "What's your idea?" | 0:46:44 | 0:46:48 | |
And you said something about estate agents. | 0:46:48 | 0:46:51 | |
But it don't work. | 0:46:51 | 0:46:53 | |
And I'm shocked. I tell you, I am totally, absolutely shocked | 0:46:53 | 0:46:58 | |
because if I didn't care about you, if I didn't think you was any good, I couldn't care less, to be honest. | 0:46:58 | 0:47:05 | |
Yeah? It don't work. It don't make sense. | 0:47:05 | 0:47:07 | |
It does. It does make sense. | 0:47:07 | 0:47:10 | |
This business plan isn't just off the back of a fag packet. I have thought this through. It's simple. | 0:47:10 | 0:47:17 | |
You have not thought it through. Don't dig yourself a bigger hole. | 0:47:17 | 0:47:21 | |
-OK. -Cos that ain't been thought through. | 0:47:21 | 0:47:24 | |
On the one hand, you are saying, "I'm going to allow individuals not to use estate agents | 0:47:24 | 0:47:30 | |
"and to sell through my website their property like I did with my own." | 0:47:30 | 0:47:35 | |
If you'd stopped there, I'd have had some respect for it. | 0:47:35 | 0:47:38 | |
But on the other hand, you say, "I also want estate agents to come on my website. | 0:47:38 | 0:47:43 | |
"The same guys I'm screwing over here, I want you to spend some money with me." I don't get it. | 0:47:43 | 0:47:48 | |
No, I take that on board. I believe in that business plan. | 0:47:48 | 0:47:52 | |
-I also believe that I can drive that to make it a success. -It is a shame that you're still believing in it. | 0:47:52 | 0:47:58 | |
I'm asking for the opportunity to... | 0:47:58 | 0:48:00 | |
I know, but I may as well put that £250,000 into a slot machine. | 0:48:00 | 0:48:04 | |
Right? I may as well just stand on London Bridge and chuck it over London Bridge. | 0:48:04 | 0:48:10 | |
That's how bad it is. My advisers spoke to you about a contingency plan. | 0:48:10 | 0:48:15 | |
Yet you are absolutely adamant that you want to go for this thing. | 0:48:15 | 0:48:20 | |
-I believe this is the one I know I can make a success. -No, you can't. | 0:48:20 | 0:48:24 | |
Neil, stop saying that. You can't. | 0:48:24 | 0:48:26 | |
You cannot. It does not work, mate. | 0:48:26 | 0:48:30 | |
Me, I would not have a bat in hell's chance of starting from scratch in this business. | 0:48:30 | 0:48:36 | |
There, that's how good it is(!) | 0:48:36 | 0:48:38 | |
It's sickening for me to sit here and think that someone that has been as powerful as you | 0:48:41 | 0:48:47 | |
ends up the right man, you know, but the wrong plan. | 0:48:47 | 0:48:52 | |
It's disheartening for me, yeah? | 0:48:54 | 0:48:57 | |
-And you won't move away from it. -I'm absolutely convinced that I can make a success of the business. | 0:48:57 | 0:49:03 | |
-No. -I just wanted that opportunity. -No, no, no. | 0:49:03 | 0:49:06 | |
You can't, mate. I'm sorry. | 0:49:06 | 0:49:09 | |
You can't. | 0:49:09 | 0:49:11 | |
Neil, if this was all about giving someone a job, I'd give you a job tomorrow. | 0:49:11 | 0:49:16 | |
Right? But coming into business with me, I'm afraid not, my friend. I'm sorry. | 0:49:16 | 0:49:21 | |
I'm disappointed and I'm sure even Nick and Karren will be disappointed, but, Neil... | 0:49:21 | 0:49:26 | |
It is with regret that I have to say to you that... | 0:49:29 | 0:49:32 | |
-You're fired. -Thank you for the opportunity. | 0:49:32 | 0:49:35 | |
What I'd like to do now, actually, is to have a final chat | 0:49:58 | 0:50:02 | |
with Karren and Nick | 0:50:02 | 0:50:05 | |
and I'm going to come to some conclusions as to who the finalists will be. | 0:50:05 | 0:50:10 | |
-Off you go. -Thank you. | 0:50:10 | 0:50:13 | |
It is a shame his business plan was flawed. | 0:50:23 | 0:50:27 | |
Well, I'm sorry for you, Alan, because I know you're genuinely disappointed. | 0:50:27 | 0:50:32 | |
I feel like I've let not just Lord Sugar, but obviously my family and my wife down. | 0:50:33 | 0:50:38 | |
I'm absolutely heartbroken by it. | 0:50:38 | 0:50:41 | |
It's the first time I've ever had a tear in my eye and it won't be the last one tonight | 0:50:41 | 0:50:46 | |
because I put absolutely everything in to try and win this. | 0:50:46 | 0:50:50 | |
I'm the right man without a plan and that is really gutting. | 0:50:50 | 0:50:53 | |
The girls in the final three are very different characters, | 0:50:58 | 0:51:04 | |
-but what unites them is that they each have got a very credible business plan. -That is true. | 0:51:04 | 0:51:09 | |
Three bright businesswomen. Luisa is a clever lady. Three successful businesses - that's a good record. | 0:51:09 | 0:51:16 | |
As far as Francesca is concerned, she's a very stable person. | 0:51:16 | 0:51:20 | |
She's very focused, very business-like, a very likeable person. | 0:51:20 | 0:51:25 | |
It's always the same. Late in the day, somebody comes streaking up on the rails | 0:51:25 | 0:51:31 | |
and this year, her name is Leah. | 0:51:31 | 0:51:33 | |
Extraordinary. | 0:51:33 | 0:51:36 | |
-Can you send the three of them in? -'Yes, Lord Sugar.' -Thank you. | 0:51:38 | 0:51:42 | |
Lord Sugar will see you now. | 0:51:42 | 0:51:44 | |
Well, ladies, you've all done extremely well to get this far. | 0:52:06 | 0:52:11 | |
There's no question of that. But one of you has got to go today. | 0:52:11 | 0:52:15 | |
Leah, where I need really convincing | 0:52:16 | 0:52:19 | |
and I believe you when you say that you are a very ethical and responsible person, | 0:52:19 | 0:52:26 | |
but do you understand the severity of something going wrong? | 0:52:26 | 0:52:32 | |
I have huge professional integrity. I won't Botox any Tom, Dick and Harry to make a few quid. | 0:52:32 | 0:52:37 | |
-Why should I expose myself to this big risk? I'm being honest with you. -No, I... -It is a tremendous risk. | 0:52:37 | 0:52:43 | |
-I know. I do take that on board. -I like a fight myself. | 0:52:43 | 0:52:47 | |
-I don't. -I like a fight, but do I need the aggravation? -No, you definitely don't. | 0:52:47 | 0:52:53 | |
I have trained for far too long to risk my registration on making a quick buck off someone's face. | 0:52:53 | 0:53:00 | |
You can talk as fast and as long as you want, but you can do far more damage than one of her cupcakes. | 0:53:00 | 0:53:06 | |
-That's all I can say. -But I'll also make far more money than selling a few of her cupcakes. -Agreed. | 0:53:06 | 0:53:12 | |
Francesca, how do we scale this business up? How are you going to make this big? | 0:53:12 | 0:53:17 | |
The dance fitness industry is booming, the likes of Zumba, Bokwa, Boogie Bounce. | 0:53:17 | 0:53:22 | |
Village halls are packed with 75 to 100 people. A massive market of people are willing to pay. | 0:53:22 | 0:53:27 | |
-It's not just one studio. It becomes a chain and it grows as a brand. That's how it scales up. -Hmm. | 0:53:27 | 0:53:33 | |
And, Luisa, | 0:53:33 | 0:53:36 | |
my worry about you is that you're somebody who likes to get her own way | 0:53:36 | 0:53:40 | |
and maybe is a little bit of a game player. What do you say about that? | 0:53:40 | 0:53:45 | |
I'm very strong-willed, I'm a very strong woman and I know what I want in life. | 0:53:45 | 0:53:49 | |
When I want something, I go and get it. It's why I'm sitting here now. | 0:53:49 | 0:53:53 | |
I have proved to you I can work well in a team. | 0:53:53 | 0:53:56 | |
If you asked the two ladies here, they'd say I can work in a team. | 0:53:56 | 0:54:00 | |
-Can she work in a team? -Yeah, 100%. Yeah. | 0:54:00 | 0:54:04 | |
Yeah... | 0:54:04 | 0:54:05 | |
I think at the beginning I felt that Luisa was playing games. | 0:54:06 | 0:54:10 | |
At this point, she isn't playing games and she's here now on merit. | 0:54:10 | 0:54:15 | |
This is one of the most critical points in this process. | 0:54:18 | 0:54:22 | |
Leah, you have got that unusual quality of being a good business person, | 0:54:22 | 0:54:27 | |
but at the same time, a scientist and a doctor | 0:54:27 | 0:54:30 | |
which is a very unique combination, I have to say. | 0:54:30 | 0:54:34 | |
On the moral aspects, you've done a good job of explaining it to me. | 0:54:36 | 0:54:40 | |
It's in my head now that I have to worry about how I would handle it, but it is a concern. | 0:54:40 | 0:54:45 | |
It is a concern. | 0:54:45 | 0:54:47 | |
Francesca, clearly you have the enthusiasm and the drive and the personality | 0:54:49 | 0:54:55 | |
to run one of these places. | 0:54:55 | 0:54:57 | |
But I haven't seen much inspiration and leadership skills | 0:54:58 | 0:55:03 | |
and it hasn't been explained to me how it can scale up, you didn't do that too well. | 0:55:03 | 0:55:09 | |
And, Luisa, there is a growing market for this. | 0:55:09 | 0:55:13 | |
My worry with you is you. | 0:55:14 | 0:55:16 | |
Do I need the aggravation of somebody who is not going to listen, | 0:55:16 | 0:55:21 | |
doesn't like it when they're told to do something else? | 0:55:21 | 0:55:24 | |
Not really. | 0:55:24 | 0:55:27 | |
You know, not really. | 0:55:27 | 0:55:29 | |
But he'll tell you, he knows me for a long, long time. | 0:55:31 | 0:55:35 | |
He knows I'm a little bit of a devil, a little bit of a gambler and a risk-taker. | 0:55:35 | 0:55:40 | |
And as a gambler, the challenge and the excitement of the prospects | 0:55:40 | 0:55:45 | |
of what is being proposed to me by... | 0:55:45 | 0:55:49 | |
..Leah... | 0:55:50 | 0:55:52 | |
I'm going to say, Leah, that you're in the final. | 0:55:53 | 0:55:56 | |
OK? | 0:55:56 | 0:55:58 | |
Thank you. | 0:55:58 | 0:56:00 | |
Um... | 0:56:03 | 0:56:05 | |
Francesca... | 0:56:08 | 0:56:10 | |
The... The dance studio... | 0:56:11 | 0:56:15 | |
has got legs. | 0:56:15 | 0:56:17 | |
Luisa... | 0:56:19 | 0:56:20 | |
It's a consumer product and I've done a lot of work in the consumer industries. | 0:56:21 | 0:56:27 | |
A difficult decision here, ladies. | 0:56:28 | 0:56:31 | |
One which, you know, I might live to regret. | 0:56:32 | 0:56:35 | |
But... | 0:56:37 | 0:56:39 | |
Francesca... | 0:56:41 | 0:56:43 | |
-You're fired. -Thank you for your time. | 0:56:43 | 0:56:46 | |
-I wish you the best of luck. -Well done. Good luck. | 0:56:46 | 0:56:50 | |
Oh, my God! | 0:56:55 | 0:56:56 | |
-I can't believe it. -Ladies, congratulations. You're in the final. | 0:56:56 | 0:57:01 | |
-Off you go. -Thank you so much. | 0:57:01 | 0:57:04 | |
HE CHUCKLES | 0:57:06 | 0:57:09 | |
Well, interesting... | 0:57:14 | 0:57:16 | |
Two very different characters. Both girls could make money for you. | 0:57:16 | 0:57:20 | |
A good entrepreneur spots a gap in the market, as Luisa's done, or an emerging market, as Leah's done. | 0:57:20 | 0:57:26 | |
Both are very, very big risks for different reasons. | 0:57:26 | 0:57:30 | |
But life is all about risks. Let's see how they do in the final. | 0:57:30 | 0:57:34 | |
I can't tell you how pleased I am that your new business partner is going to be a woman. | 0:57:34 | 0:57:39 | |
I'm obviously gutted I didn't win, | 0:57:41 | 0:57:43 | |
but the final three, all girls, I'm really proud of myself. | 0:57:43 | 0:57:48 | |
-I literally can't believe it! -Nor can I. | 0:57:49 | 0:57:51 | |
Oh, my God! | 0:57:51 | 0:57:54 | |
-Wow! I can't believe it! -Nor can I. | 0:57:55 | 0:57:57 | |
May the best woman win. | 0:57:58 | 0:58:01 | |
Now two remain. | 0:58:01 | 0:58:04 | |
Lord Sugar's search for his next business partner continues. | 0:58:04 | 0:58:09 | |
Next time... | 0:58:11 | 0:58:14 | |
Your final task this week is to launch your business. | 0:58:14 | 0:58:17 | |
-Two candidates. -Imagine that on a billboard! -I think it's boring. | 0:58:17 | 0:58:22 | |
Guys, I need you both to be quiet now. | 0:58:22 | 0:58:24 | |
-One investment. -Do we have a stethoscope? Can you get one? | 0:58:24 | 0:58:28 | |
-It's triumph... -Good luck, yeah? | 0:58:28 | 0:58:31 | |
Thank you all for attending this evening. | 0:58:31 | 0:58:34 | |
Come on... | 0:58:34 | 0:58:35 | |
And tears in the final showdown. | 0:58:35 | 0:58:38 | |
You're going to be my business partner. | 0:58:38 | 0:58:41 | |
Subtitles by Red Bee Media Ltd | 0:59:06 | 0:59:08 |