It is important for the entrepreneurs to get some ideas and innovations to enhance their business and dealing insights. With the emerging power of technology, entrepreneurs are now able to get information and tricks about business trends while their leisure time by watching some reality show. Dragons’ den is one of those reality shows! It is like Shark Tank of USA but instead of Sharks, it has Dragons as the already successful business investors.
THE THEME OF DRAGONS’ DEN
Dragons’ Den is a television reality show which is presented by Evan Davis. This show gives a platform to multiple entrepreneurs to display their different ideas to wealthy investors. The entrepreneurs try to pitch the financial investment from the dragons and offer them a stake in the company in return.
REASONS TO WATCH DRAGON’S DEN
1. DRAGONS' DEN TEACHES ENTREPRENEURS TO TAKE INVESTMENT DECISIONS
Dragons’ den teaches the investment on two levels, one individual level, and the other multi dragon investment. It emphasized that the entrepreneur can negotiate more money that was initially and originally requested. The dragons invest money according to their own interests but the entrepreneur can persuade them according to his own required investment.
2. DRAGONS' DEN TEACHES ENTREPRENEURS TO TAKE CRITICISM AND LISTEN TO ADVICE
Most of the entrepreneurs in the Dragons’ den come with the intention of selling a deal but they fail due to the lack of good advice. They just focus on selling the deals but forget those business people who can offer invaluable advice. When the entrepreneurs face some critical situation they defensive and offensive and walk away in defeat.
3. DRAGONS' DEN BOOSTS THE ENTREPRENEURIAL SPIRIT
Dragons’ den has more effective, empowering, creative and innovative ways, which boosts the entrepreneurial spirit of individuals. An entrepreneur, who pitches a potential investor in the guidance of business mentors, can effectively modify his skills according to every possible situation. It can be the best tutorial for beginner entrepreneurs to improve their skills.
4. DRAGONS' DEN SHOWS THE HARSH REALITY OF THE BUSINESS SECTOR
This show depicts that how the business terms are harsh and realistic in nature. It facilitates the entrepreneurs to face the reality before their dreams lead them to lose the battle in the market. This indicates that business needs proper insight not just random knowledge.
5. DRAGONS' DEN IDEAS INSTIGATE INNOVATION IN ANY BUSINESS
As the different investors, entrepreneurs, and mentor panels are presented in real-time performance, it gives innovative ideas to the beginners. Case studies are presented and the results are declared, which illustrate the key ideas and innovative themes.
6. DRAGONS' DEN SHOWS HOW TO PRACTICALLY BUILD BUSINESS
Dragons’ den is a reality show which is specifically designed to assist entrepreneurs to make their business stable. This show presents step by step approach to building the areal business without getting into unnecessary practices.
In short, reality shows like Dragons’ den can be of immense importance for the beginner and existing businessmen. Real-time practices and results of business decisions bring insight for the market dealers. It prepares the individuals to train themselves before they get into the real battle of the market.