The ace of clubs

Posted on June 19, 2012 | in Confessions of a Serial Entrepreneur | by Richard

When the price went up by yet another million pounds I had to say yes. But it was with a heavy heart because I was proud of what we had created from scratch against the odds and against popular advice. I’d also had a lot of fun. The business was the now famous London club, […]

Marketing: A hit or miss affair

Posted on June 11, 2012 | in Confessions of a Serial Entrepreneur | by Richard

The blond haired, middle-aged PR guru slouched back in his armchair and confidently announced his “stunning” idea to me. The little girl, Madeleine, had recently disappeared in Portugal and there was massive public sympathy and frenzied press coverage. To my sensitive agent, struggling to justify his hefty monthly fees, this represented a fantastic opportunity. “A […]

Unknown unknowns and other business perils

Posted on May 28, 2012 | in Confessions of a Serial Entrepreneur | by Richard

Prime Minister Gordon Brown looked determined when he said to me, “We’ve got to get more small businesses started”. My response astonished him: “As you know Gordon, nearly nine new businesses fail for every one that succeeds. I’m worried that we will just add to the nine, not to the one”. “Oh, yes of course” […]

Your idea has no value!

Posted on May 21, 2012 | in Confessions of a Serial Entrepreneur | by Richard

PLEASE ensure you’re sitting down because I want to shock you. Despite the popular wisdom, most “amazing” and “brilliant” business start-up ideas and inventions are worthless. Yours, mine, and just about everyone else’s. They have no value. Scream and shout all you like, but after backing over 80 start-ups and reading more than 10,000 business […]

The ongoing challenge of untangling the business of bra straps

Posted on May 14, 2012 | in Confessions of a Serial Entrepreneur | by Richard

I AM inspired by new products and ways of doing things – what is called “disruption”– and this led me to meeting Nigel Coole, an inventor. “Think back Richard, to when you were a teenager fumbling around on a date and got lucky enough to undo a bra. Do you remember the struggle and embarrassment […]