Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

If you'd like to contact me please click on the link to: email me
Showing posts with label Shark Tank. Show all posts
Showing posts with label Shark Tank. Show all posts

Wednesday, 2 January 2013

Why I think Shark Tank is superior to Dragons Den

I am now a fully fledged convert to Shark Tank! I love it. It is far more entertaining than Dragons Den.

Venture Capitalists
The US Sharks have a more varied range of skills and personalities than the UK ones I feel. You have an infomercial king (Kevin Harrington, who has now left), an IT guy, a licensing/educational guru, a real estate mogul turned investor and then a man who has a marketing, retail and distribution empire.

Editing
The US show cuts out a lot of longeurs that the UK show has. It is brisk and to the point.

Voiceover
Do we really need Evan Davis to repeat what has just happened on screen ever minute? It slows down the pace of the show and rather than making it more dramatic actually makes it tiresome.

Monday, 31 December 2012

Entrepreneurial Tips from a Shark

cbc.ca/news/business/… This is an article from Canadian millionaire and Shark Tank/Dragons Den star Robert Herjavec.


Grease Monkey Wipes - Shark Tank

Today’s episode (well last night’s actually) of Shark Tank on Dave saw Grease Monkey Wipes look for $40,000 for 40% of the business. The two cyclists who came up with a ‘new’ cleaning agent that used citrus as the main ingredient charmed two sharks into setting up a deal.

You can watch the full 10 minute pitch here: http://www.youtube.com/watch?v=esXY0klnfbA

I personally love trying to guess if they are going to be a success or not and then finding out the updates online. I was 100% certain (and right) about that silly Nubrella idea, but I wasn’t quite sure about the Grease Monkey Wipes. I think it was a 50-50 gamble. It could pay off as they could benefit from a wider distribution network and being a first mover, but likewise there is a lot of competition in those kind of markets and they could be easily replicated.

Find out what happened here:


Friday, 28 December 2012

Nubrella - Shark Tank


I saw this product on Shark Tank this morning and I thought this was doomed to failure. I thought it was a bit wacky and OTT. It was called the Nubrella and is basically an umbrella you can wear over your head like a see through hood. I was surprised that no-one mentioned the good old fashioned waterproof hood as a rival to this product, and indeed perhaps there is a market for a Velcro attachable hood that can stick onto suits and jackets?

It just looked so ridiculous that I was gobsmacked when the product created enough interest that Kevin Harrington and Daymond John both gave the inventor $200,000 for a controlling 51% stake in his company.


Among the markets they could aim for was workers out on tractors and people on bikes. The acid test for me would be if they sell it to a rainy country like Scotland and see if anyone buys them. We Scots are made of stern stuff and perhaps would rather get soaked than to “get a riddy” as we Glaswegians would say, meaning we would be red-faced, embarrassed.

I found it on Amazon:


There is no retail price and it is currently out of stock.

And there is a killer review by a Mr Stephen M. Charme

“One of the worst purchases ever made, July 20, 2011
By Stephen M. Charme
This review is from: Nubrella Hands Free Umbrella (Apparel)
If you look at my hundreds of reviews you will see that I rarely write one star reviews. That is because I generally avoid products like this. However, my wife saw this on Shark Tank and ordered not one but two because she was convinced how great this would be. She was dead wrong. Here is why:

1. This product comes with minimalist instructions that do not tell you how to properly position it so you are not being hit in the head while you are wearing it. Amazingly, the company's website has no such information either. Hmmm. That made me suspicious. Eventually I did find a You Tube demo, but even when "properly adjusted" this still grazed my head and was not comfortable to wear. No wonder there is nothing on the website.

2. I tried this in a driving rain storm after I adjusted it. While it did keep my head and shoulders dry, my pants got soaked, which does not happen with a regular umbrella because when you hold it over your head, it does more than just protect your head and shoulders. In addition, visibility was nonexistent. It was like driving your car in a rainstorm with no windshield wipers on. In addition, while this is hands free, the trade off is that the handle is pressed into your stomach for support. Not very comfortable when walking.

3. If you open this in the house before you go outside, good luck fitting through the doorway. I barely made it.

4. My wife was led to believe that this would be great for bicycle riding and running in the rain. No way. I tried each, and it was virtually impossible to do either because with such vigorous movement this kept bumping into my head, and the handle kept pressing into my stomach. And of course I also could not see where I was going.

5. This is not something that you can easily stow on a crowded train or bus, and I seriously doubt that airport security would let you bring this on a plane. This is also not something that I would want to bring into a business meeting.

Bottom line: This product is expensive, cumbersome, and does not work as well as a regular umbrella to provide maximum protection. Hands free is nice--but not when I am getting soaked from the waist down, can't see where I am going, and have a handle being driven into my stomach. There is no way I would recommend it. I have read the positive review, and can say only that I vigorously disagree.”

Strong words, but to be honest it does echo what I felt. It looked cumbersome and outrageous. I have never seen one in the flesh and you would think they would make a beeline over to the UK to try and sell it here since we do get a lot of rain.

I really do have to question the Sharks judgement on this product.



Qubits - A new rival for Lego?



While watching the US version of Dragons Den, Shark Tank, there came on an inventor who had a bendable construction toy called Qubits. It looked pretty good, however there was a caveat: they would go to the 4 big toy makers and see if they would take some orders.

Sadly, after they left the Tank, the big toy firms weren’t too keen on the project and the deal was off. Having such a large competitor as Lego may have been crucial in this decision.

However, the inventor has been mentored by John and he has won a contract from Discovery Toys and in addition he won a British Airways invention award which had prize money. This has been used to help drum up business outside the USA.

You can see for yourself and visit the toy construction maker here: http://www.qubits.com/

I wonder if he has moved into the educational arena and/or computer games? I would be interested to find out what is currently happening, as the information I found was a bit out of date. Can David beat Goliath?

Wednesday, 26 December 2012

Kevin O'Leary Profile - Shark Tank


Born in Montreal, Canada, Kevin O’Leary made his fortune via SoftKey an educational software distributor. He and his SoftKey partners oversaw a rapid expansion and an aggressive strategy of buying out the competition. O’Leary and his business partners bought over The Learning Company and then took that as their company name.  In 1999, Mattel bought O’Leary out for a staggering $3.8 billion.
O’Leary found fame as a Venture Capitalist in the Canadian version of Dragons Den. He is now on the US version which is renamed Shark Tank – and to be fair it is my new favourite show. We are only just getting it now on UK TV on Dave.
I remember O’Leary from the Canadian version and he was always straight talking and in love with money. But I think he is even more outrageous on the US version. I believe O’Leary would eat the UK Dragons for dinner.
He still sits on both chairs for the Canadian Dragons Den and Shark Tank as well as his show on CBC News Network.
O’Leary plays up to his Scrooge image or being the nasty one. It is highly entertaining and refreshingly he discounts the emotion of people’s backstories or ‘journeys’ as they call them on shows like American Idol and X-Factor. O’Leary is a wake-up call to the cold hard light of day that in business it really is dog eat dog.
O’Leary claims he is an ‘eco-preneur’ – an entrepreneur who is out to make money, but at the same time wants to invest in environmentally friendly enterprises.
He may not be a household name in the UK but if Shark Tank ever gets picked up by one of the terrestrial channels I will wager Kevin O’Leary will be public enemy number one. Think Simon Cowell, Nasty Nigel and J.R. Ewing all rolled into one. #Sharktank #kevino’leary #realityTV

Monday, 24 December 2012

Shark Tank - Kevin O'Leary: The nasty billionaire

I'm slowly but surely becoming addicted to the US version of Dragons Den, Shark Tank. It is far more entertaining than the UK version, and in the form of Canadian Dragons Den star Kevin O'Leary the show has a Dragon or Shark who is brutal.

To be fair to O'Leary, a lot of the time he is simply telling the truth and he certainly removes himself from the emotion sometimes involved in the story or the person. He doesn't buy all these X-Factor 'journeys'. All he wants to do is make money.

Watch some of his best or worst bits here:

http://www.youtube.com/watch?v=VXyQJKK88Qo

Thursday, 20 December 2012

Shark Tank - US version of Dragons' Den - Voyager Air Guitar

I watched this by accident last night on Dave! It is called Shark Tank – which is basically the US version of Dragons’ Den (which is originally from Japan).


Entrepreneurs go into the Shark Tank and pitch their ideas to the ‘Sharks’. I found it quite amusing, and the US show which was made by Mark Burnett (the creator of The Apprentice) also had 2 Dragons from the Canadian version of the hit show.

The episode I saw had a brilliant invention of a folding down guitar which didn’t have to be retuned. It was called the Voyage Air Guitar. It looked a fab product, but the Sharks wanted 51% of the business which the founder of the company, Jeff Cohen, wouldn’t part with.

It seemed a shame as the two Sharks involved had might. Canadian Shark Kevin O’Leary is a licensing guru who sold his last business for around $4 billion, and the other was one of the main men behind QVC the shopping channel.

I do hope the owner of Voyage Air Guitars doesn’t regret not selling his stake.


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