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Tuesday, November 01, 2005

Make Me A Million

A new reality TV show starts tonight on Channel 4 (UK)...Make Me A Million - looks interesting as it seems that each entrepreneur will be tracked for one year.

Make Me a Million looks at what it takes to turn a business idea into a company worth millions in just one year, and with nothing more than £60,000 start up capital. The series follows three businesses to show what it is like to be a true entrepreneur, and what it takes to make as much money as possible in business in one year. But each business has a secret weapon: a successful multi-millionaire mentor to guide them through the peaks and troughs of making their business dream happen.
Of course, I won't be watching tonight as my beloved Liverpool FC are playing, but I'll set the Video and try to watch it in the next few days.

New URL: www.osworld.biz - thanks!

7 Comments:

At 11/01/2005 10:12:00 PM, Blogger richandzhaoyan said...

3-0.... Gotta be happy with that!

Didnt get to watch it - for some reason my 2 year old wanted to watch Space Jam instead, then bath time took up the second half :)

 
At 11/01/2005 10:38:00 PM, Blogger Gary B. said...

Result! Just back from the pub. A good night, but for once I was hoping for a Chelsea win, as that would have seen us and Chelsea through to the knockout stage.

Ah well, next up is Betis at Anfield, so I'm sure we'll do the business!

And Space Jam ROCKS!

 
At 11/02/2005 11:46:00 AM, Blogger Gary B. said...

OK, I made the time to watch this, along with a good cup of coffee and a couple of croissants :D

Initial impressions are that this show is definately going to be worth watching. I'm more interested in seeing how the mentors work than the entrepreneurs.

Each mentor chose a project to go with. This was based on the people who want to become millionaires, their ideas and whether those ideas can successfully come to market.

Couple #1: A couple of good looking twenty-somethings one of whose father has invented some gadget which kills dust mites in beds, thereby easing asthma etc. The gadget looks as though it needs to be built into a bed and sold as a gadget/bed combo.

This idea will fail - I say this because my initial impression is that the gadget is going to be expensive to produce, and therefore very expensive to purchase. When is the last time you bought a new bed ??

I find the mentor to be good value - she obviously knows her stuff, but seems to be quite authoritarian and a little old-fashioned. I can see sparks flying between her and her team...

Couple #2: Two gay guys working out of a flat (apartment) somewhere in London. Their idea is to get into the health market, by offering advice to subscribers. I should have thought this will work in a month by month subscription service, with reports tailored to your personal situation.

This idea is a good one - but I can see that tailoring reports for hundreds, perhaps thousands of people is going to be a lot of work. Some sort of automation is needed. They've decided to run it on the web only, which is good choice I think.

Their mentor seems to be very hands-off, which in my opinion is good. This forces them to be in control of their own destiny...

I'm particularly interested to see the results of this one.

Couple #3: Two girls, one from Ireland, the other from London. They had no great ideas at all. Quite why the mentor chose this team I don't know. It can only have been on personality...

The mentor gave these girls their product - a new type of shampoo for babies and children. Great - I thought the program was supposed to be about the their own ideas...

Anyway, these 2 girls are both mums of small babies, so have an automatic disadvantage (due to childminding etc). One of them lives in Dublin so again, this is a disadvantage. The program focused quite a lot on the "fact" that the UK based girl and the mentor are doing 95% of the work, and the Irish girl is lazy by comparison. This is probably unfair, but that's the way the show was presented.

This idea will fail - but only because I think there will be a falling out between the team. The Irish girl needs to buck her ideas up and be much more responsible.

The mentor seems to do most everything for these girls - from giving them the idea to arranging high level meetings (with the likes of Sainsbury). It's almost as if this is his baby and the two girls are simply along for the ride (and the TV exposure).

Of course, I may be wrong about saying these ideas will fail - but these are my impressions from watching the first show. I hope that they all become multi-millionaires!

Anyway, the show is well worth watching. I'm very interested to see if they make it or not!

 
At 11/02/2005 11:53:00 AM, Blogger Gary B. said...

Web Links:

Halos n Horns (Couple #3) - this website crashed my browser!

The Lean Team (Couple #2) - nice site!

Fresh Bed (Couple #1) - not sute about this site!

 
At 11/08/2005 11:51:00 PM, Blogger Gary B. said...

Well, the 2nd episode was shown tonight. Quick update:

Couple #1: Still plugging away with their mite-free bed. Had a few arguments along the way. Shell shock at the end of the episode as we find out that they are having an affair and the guy has left his wife. Never mix business with pleasure - I know this to my detriment!!

Couple #2: Unsure of what's going on here. We found out they paid 7.5k for their website. I'm guessing there must be a hell of a lot of "back end" to this website to pay that much.

Couple #3: Thank god, they sacked the irish girl. They could have done it a little nicer though - they really took the piss. Imagine moving to an entirely new country, spending 5k in the process only to be removed from the company a few days later. Bang out of order that was. Should have let the poor girl know before it got to this stage. Very, very poor mentoring, and for a best friend to dump on a friend like this is quite bad in my opinion.

Update based on the program so far:

Idea 1: The diet thing I think is still a great idea - I hope it does well and am interested to see how it goes. By the way - hi to the lean-team guys - I notice you've visited this blog ;)

Idea 2: The mite-free bed. Good product, but I still think it's too expensive. And the personal issues will cloud the business issues. Possible failure here.

Idea 3: The Shampoo. NOw they have rid of the irish girl, I can only see this being a big success, particularly based on the stats of people visiting this Blog! However, now that the Irish girl has gone, it leaves everything down to the other partner. The mentor is looking to get back to his own businesses I think. My feeling is that this idea will win the whole show.

 
At 11/13/2005 03:23:00 PM, Blogger brayley said...

Hi...

I'm one of theguys from The LeanTeam - Brayley...

I have been reading through a lot of the different blogs - as our idea is based on customers its a great way to get some real honest feedback!

The comment about our mentor taking a hands off appraoch is excellent - both todd and i have learnt how to do everything from cash mangement - IP - trademarks - getting sales meetings employment law - employing staff including getting funding from investors outside of our immediate circle of friends/family.

We were building the business a year before we meet Chris - he has helped us fast track it - but has never taken control...

Its excellent ot see so many people getting interested in the programme - with us the production team had no say over what we did - I'm not sure about the other teams as we never met with them until it the filming was finished.

Trust you enjoy the next episode - we have not seen it yet either so I can't give you any gossip...

Thanks for all the support (over a 1000 members already).

Cheers,

Brayley Pearce
www.theleanteam.co.uk
3 day free trial.

(web build includes a huge intelligent programme...)

 
At 11/13/2005 04:25:00 PM, Blogger Gary B. said...

Brayley - thanks for posting! Interesting to hear that none of the three teams met during the filming.

1 thing I will say is that I've only had a few hits from people looking for your site. Wheras I've had a few hundred looking for the bed thing, and absolutely *loads* looking for the Shampoo Girls. I suppose this goes someway to proving that employing a bunch of website designers will help your business - after all, if this Blog can rank higher than their own pages for a given search term, then something is wrong.

Anyway, give us the inside track if you can ;) Did LeanTeam (or in fact any of the teams) meet the £1M goal ?

Cheers, Gary

 

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