As part of 'Challenge 5: The cash' two members of your team will be invited into the 'Dragons' Den' to be grilled by our four Dragons from the world of local business.
You will be asked to persuade the Dragons to invest in your business and you must be able to identify why you need additional funding and what the cash will be used for.
Remember this is part of 'The cash' challenge and therefore your presentation should be about the following:
- Your business proposal.
- Your funding requirements.
- How much additional finance you require.
- What the finance will be used for.
- Why the proposition may be attractive to the Dragons.
You will be asked questions by the Dragons, therefore you need to know:
- What is your business?
- What does it do?
- What your turnover is likely to be in year one.
- What is your break-even point?
- What is your profit margin per item?
- Will you make a profit overall, if so how much?
- Do you need additional funding? If yes, how much?