Dragon's Den is giving young entrepeneurs the wrong idea

On a path to failure.

It has never been easier to set-up a business, but too many are failing. The problem is experience. Sadly I’ve seen so many aspiring entrepreneurs fall short because they do not have the required knowledge in the profession they are looking to break into. The statistics demonstrate this too, with one in three businesses failing in the first three years. While knowledge is a key factor, the way the media heavily focuses on the entrepreneur does not help either. It’s almost as if it has become the new fashion to become an entrepreneur.

You only have to look at the likes of The Apprentice and Dragon’s Den to see evidence of this. While these shows can be great for the right person with the right idea, at the right time, the problem is that too many people watch these shows and think that in no time they can be driving around in a Ferrari and living the life of Peter Jones or Lord Sugar.

In times gone by, what used to happen was that someone would embark on a job and they first focused on learning that job incredibly well. Then, they would gain enough experience to feel confident enough to set-up their own business. The decision to do this could be for a number of reasons, for instance, perhaps they lost their job, perhaps they felt undervalued or maybe they felt that they could do the job better than their manager. The bottom line is that they had gained experience to start something on their own.

Unfortunately, the reality is that young adults leave school with very little experience in their profession, yet they want to set-up their own business. They think it’s glamorous and they think it’s easy. They come up with an idea and they just get on with it without the required knowledge. They lack life and employment experience and because of this they end up making a series of mistakes. However, if they had first learnt their trade then they would be in a far better position to start their own business.

While this situation is largely due to the current climate, in which graduates and school leavers are struggling to obtain a job in the industry or profession that they wish, there needs to be an emphasis on support, and we need to offer these young professionals the guidance they need. For instance, business owners need to be honest with budding entrepreneurs and tell them if they think they have a good idea – and if it’s not, they need to be told too.

I myself have worked with the Prince’s Trust and I am currently working on a project in Guernsey, run by the Chamber of Commerce, which has put together a business club where aspiring entrepreneurs attend. The club discusses business ideas, members have the opportunity to pitch them and they can receive investment if the idea is solid. They are then supplied with a mentor, like me, to help them achieve their goals.

While no one underestimates the hostility of today’s current market, we do still need to recognise the transformative power of start-ups and offer them the support and guidance they need to pursue their dreams. A community of entrepreneurs, mentors and educational resources is the key ingredient in a start-up’s success and I would encourage anyone who has the opportunity, to give back wherever you can. Business start-ups are the lifeblood of the UK and we need to do all we can to help it prosper and thrive.

Shane Turrell is founder of PracticePro.

This story first appeared on economia.

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Is defeat in Stoke the beginning of the end for Paul Nuttall?

The Ukip leader was his party's unity candidate. But after his defeat in Stoke, the old divisions are beginning to show again

In a speech to Ukip’s spring conference in Bolton on February 17, the party’s once and probably future leader Nigel Farage laid down the gauntlet for his successor, Paul Nuttall. Stoke’s by-election was “fundamental” to the future of the party – and Nuttall had to win.
 
One week on, Nuttall has failed that test miserably and thrown the fundamental questions hanging over Ukip’s future into harsh relief. 

For all his bullish talk of supplanting Labour in its industrial heartlands, the Ukip leader only managed to increase the party’s vote share by 2.2 percentage points on 2015. This paltry increase came despite Stoke’s 70 per cent Brexit majority, and a media narrative that was, until the revelations around Nuttall and Hillsborough, talking the party’s chances up.
 
So what now for Nuttall? There is, for the time being, little chance of him resigning – and, in truth, few inside Ukip expected him to win. Nuttall was relying on two well-rehearsed lines as get-out-of-jail free cards very early on in the campaign. 

The first was that the seat was a lowly 72 on Ukip’s target list. The second was that he had been leader of party whose image had been tarnished by infighting both figurative and literal for all of 12 weeks – the real work of his project had yet to begin. 

The chances of that project ever succeeding were modest at the very best. After yesterday’s defeat, it looks even more unlikely. Nuttall had originally stated his intention to run in the likely by-election in Leigh, Greater Manchester, when Andy Burnham wins the Greater Manchester metro mayoralty as is expected in May (Wigan, the borough of which Leigh is part, voted 64 per cent for Brexit).

If he goes ahead and stands – which he may well do – he will have to overturn a Labour majority of over 14,000. That, even before the unedifying row over the veracity of his Hillsborough recollections, was always going to be a big challenge. If he goes for it and loses, his leadership – predicated as it is on his supposed ability to win votes in the north - will be dead in the water. 

Nuttall is not entirely to blame, but he is a big part of Ukip’s problem. I visited Stoke the day before The Guardian published its initial report on Nuttall’s Hillsborough claims, and even then Nuttall’s campaign manager admitted that he was unlikely to convince the “hard core” of Conservative voters to back him. 

There are manifold reasons for this, but chief among them is that Nuttall, despite his newfound love of tweed, is no Nigel Farage. Not only does he lack his name recognition and box office appeal, but the sad truth is that the Tory voters Ukip need to attract are much less likely to vote for a party led by a Scouser whose platform consists of reassuring working-class voters their NHS and benefits are safe.
 
It is Farage and his allies – most notably the party’s main donor Arron Banks – who hold the most power over Nuttall’s future. Banks, who Nuttall publicly disowned as a non-member after he said he was “sick to death” of people “milking” the Hillsborough disaster, said on the eve of the Stoke poll that Ukip had to “remain radical” if it wanted to keep receiving his money. Farage himself has said the party’s campaign ought to have been “clearer” on immigration. 

Senior party figures are already briefing against Nuttall and his team in the Telegraph, whose proprietors are chummy with the beer-swilling Farage-Banks axis. They deride him for his efforts to turn Ukip into “NiceKip” or “Nukip” in order to appeal to more women voters, and for the heavy-handedness of his pitch to Labour voters (“There were times when I wondered whether I’ve got a purple rosette or a red one on”, one told the paper). 

It is Nuttall’s policy advisers - the anti-Farage awkward squad of Suzanne Evans, MEP Patrick O’Flynn (who famously branded Farage "snarling, thin-skinned and aggressive") and former leadership candidate Lisa Duffy – come in for the harshest criticism. Herein lies the leader's almost impossible task. Despite having pitched to members as a unity candidate, the two sides’ visions for Ukip are irreconcilable – one urges him to emulate Trump (who Nuttall says he would not have voted for), and the other urges a more moderate tack. 

Endorsing his leader on Question Time last night, Ukip’s sole MP Douglas Carswell blamed the legacy of the party’s Tea Party-inspired 2015 general election campaign, which saw Farage complain about foreigners with HIV using the NHS in ITV’s leaders debate, for the party’s poor performance in Stoke. Others, such as MEP Bill Etheridge, say precisely the opposite – that Nuttall must be more like Farage. 

Neither side has yet called for Nuttall’s head. He insists he is “not going anywhere”. With his febrile party no stranger to abortive coup and counter-coup, he is unlikely to be the one who has the final say.