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July 22, 2008

Quotable Qoutes from the Dragons’ Den (1)

the dragons

“when we come into this business, I hope you understand it’s no longer going to be a family business…” - Femi Tejuosho advising an entrepreneur

“What confidence do I have that you can focus 100% of your time and energy into this business…” - Chris Parkes responding to an entrepreneur with a resume clustered with several other active business obligations.

“Because of the obvious divided loyalty that is so visible, I’m not comfortable investing in your business…” John Momoh stating his apphrehensions over investing in an entrepreneur who has his hands in a lot of businesses at the same time

“Please next time you come into the den, or go to an investor to ask for N2million (two million naira), don’t wear slippers - dress appropriately because your presentation matters; you need to inspire confidence in the investor that you can effectively manage two million naira…” Femi Tejuosho & Ibukun Awosika advising an inappropriately dressed entrepreneur.

“We have this mentality that N50million (fifty million naira) is too much money - I’m here to challenge the Nigerian youth - see yourself as a millionaire and you will become a millionaire because money follows ideas…” an entrepreneur justifying his demand for N50million naira with no visible business plan.

“Just imagine I’m in your position, with a nice suit like you’re wearing, with two coconuts and a bottle, with no business plan -and I come to you for N35 million (thrity five million naira), will you give it to me?” - Alex Amosu quering a nicely-dressed entrepreneur who had no functional business plan for his proposed business.

-The Den Sweeper

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