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Thursday, July 31, 2008

Dragon's Den or Dungeons and Dragons

Dragon's Den or Dungeons and Dragons

I have had look at some of the going on's with the new series of Dragon's Den on BBC, I did not think it could get worse, but they have surpassed themselves. I think this is a nice fantasy show, when I know serious entrepreneurs that are looking for investment, they would never get a look in on the series as they would be too smart, to well prepared, and the Dragons would not be able to rip them off. There maybe the odd good proposal but they will not get a reasonable chance to pitch it they can't entertain, I had a look at the offerings so far:

`Layline' - essentially a double bedsheet with a seam down the middle to tell your partner when he/she has trespassed into your personal bed space.

'D4M', four young women who supplied unique installations for events, such as a human table and a talking tree

'A' machine that turned air into water

'Saboteur'. a fake TV, which gives the impression that someone is home,

online diamond business called Diamond Geezer

edible greetings cards for dogs

These are the best deals that the BBC's program producers can bring to the table!!!, I think not, there is on average 100 business plans a week lands on a VC's desk, I am sure there is more value and return, but less entertainment with any of those deals than what we are "entertained" with on on the Den.

Total cash offered £330k on the last show across 4 dragon's, £82k each, two deals

Funding being asked for £814k across 4 deals

So there is money to be gained, but only as a last resort and not for serious entrepreneurs, when you look for money for your deal try some Angel's before you go for a Dragon.

If you like some light relief then tune into http://www.bbc.co.uk/dragonsden/, but take all as a pinch of salt don't let the program put you off trying to realize your dream, it's actually a lot harder.

The Dragons



Monday, July 21, 2008

business ethics

Honesty and Integrity

”The glue that holds all relationships together -- including the relationship between the leader and the led is trust, and trust is based on integrity.” --Brian Tracy

”A life lived with integrity - even if it lacks the trappings of fame and fortune is a shining star in whose light others may follow in the years to come.” --Denis Waitley

”The greatest homage we can pay to truth is to use it.” —Ralph Waldo Emerson

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” --Douglas Adams

Your Integrity is your "crown jewels" loose it at your peril, protect it at all cost's, it makes a difference:

  • To your customers

  • To your employees

  • To your share / stake holders

  • To your family

  • To you

  • To God



Thursday, July 10, 2008

Innovation and Engineering

I read this article from EDN by Rick Nelson, Editor-in-Chief, it gives an interesting insite into one future for engineering, an exciting one and one that we should chase after and promote, to every kid who is searching for a positive future. The lastest comments from the G8 conference was an admitance that it is only going to be you and me who set the world back on it's right course, we need to get involved in climate change and bring Innovation, and "out the box" thinking to make a difference. This article could be the start for many.

Driving meta-innovation worldwide
.........The need for these new definitions occurred to me while listening to a keynote speech titled “The Dreams of Engineers: What's Next?” that Geoffrey C Orsak, dean of the Southern Methodist University School of Engineering, presented at a conference on mechatronics (sponsored by EDN and sibling publications) held May 13 in Santa Clara, CA.
As an example of redeployment of ancient technology, Orsak cited SkySails. Years ago, people abandoned the use of sailboats for commercial shipping, he said. SkySails' engineers, although not eliminating petroleum propulsion systems, have developed an innovative wind-powered enhancement that can cut shipping fuel costs by 10 to 35%.
But the main focus of Orsak's keynote was the need to deploy existing technologies in places that thus far have not benefited from them. He set up his argument by citing the great innovations of the last century, such as electrification: In 1903, the first steam turbine-powered generator produced 5000 kW; in 1955, Arco, ID, became the first town to have nuclear power meet its energy needs; and in 1959, in New Zealand, the first large geothermal electricity-generating plant opened.
Read more Innovators 2008
Yet, Orsak emphasized, today, after more than a century of innovation, 1.6 billion people worldwide have no access at all to electricity. “We as engineers accepted the fact that we were only going to have an impact on three-fourths of the world,” he said, adding that we concluded, “That's good enough.” Orsak said, “What we choose not to work on is as important as what we do choose to work on, and in the last century we chose not to provide electricity to everyone. Engineering and technology have been one of the greatest drivers of durable social change. Yet over the last century, engineering and modern technology have only had a minimal impact on the global poor.”
To address the unequal deployment of engineering's fruits, Orsak called for a “new engineer”—one who retains the strengths of the past, which gave us electrification, the automobile, the airplane, and the laptop, but who can play an expanded role. “Engineering isn't a gadget discipline,” he said. “It's a people discipline.”
But this people discipline will require people skilled in its arts, and attracting enough young people to the field is a struggle. Orsak cited an example from his home state: Out of 100 ninth-graders in Texas today, 62 will graduate from high school, 32 will enter college, 11 will earn a degree, and only one will earn a technical/engineering degree. US schools, he said, are “squeezing out the love to innovate.” Students have “more technology in their backpacks than it took to get to the moon, but they don't care.”
Orsak cited innovative efforts to address the shortfall of engineering students, including the establishment of the Caruth Institute for Engineering Education, which is dedicated to developing programs that encourage kindergarten through college students to pursue engineering careers.
Orsak suggested a lack of interest in innovation isn't restricted to students but rather pervades US society. He quoted from John F Kennedy's September 12, 1962, speech: “We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard.” Orsak's response: “Can you imagine any candidate saying that this year?” The will to do the hard things is not a part of who we are as a society today, he explained.
But for those individuals still willing to undertake the hard things, Orsak had this advice: “Don't fall in love with your technology. Love the impact of your technology.”

Friday, July 04, 2008

You can do good and do well

You can do good and do well: lessons from "The Go-Giver"

I caught this post from one of my favorite bloggers Pam Slim, this is an extract of the post:

The Law of Value Your true worth is determined by how much more you give in value than you take in payment
The Law of Compensation Your income is determined by how many people you serve and how well you serve them
The Law of Influence Your influence is determined by how abundantly you place other people's interests first
The Law of Authenticity The most valuable gift you have to offer is yourself
The Law of Receptivity The key to effective giving is to stay open to receiving

Have a look at the full post here : http://www.escapefromcubiclenation.com/get_a_life_blog/2008/07/you-can-do-good.html

Have an awesome weekend...