The casualty of this week’s task is Gerri Blackwood, fired for picking the wrong location yet again.
Sir Alan Sugar handed the two teams £200 each and set them the task of starting any business of their choice in a day. The aim was to make as much money as possible, the team with the most money winning the task. The task appealed to the entrepreneurial spirits of the apprentices’ and was similar to how Sir Alan started 40 years ago.
The Boys team settled for a gardening business while the Girls went for face painting for kids. Business fizzles out for both teams by late afternoon, focusing the apprentices’ to come up with other ideas of making money in the evening. The Girls decided on a kiss-a-gram while the Boys resorted to a sing-a-gram.
Some of the things both teams did wrong:
- setting a low price (£25) for their gardening services
- ignoring the location and time of year for their chosen businesses
- failing to research the current needs of affluent residents of Richmond
Sir Alan shows us through the task that it doesn’t take a lot to start a business and make money. As he stated, “With a bit of money you can drum up a business”. If you have been reading my blogs and bought a copy of the Make Money by Thinking CD, then this shouldn’t be news to you. All you need to make money is change the way you think, know what you are doing and take action.
Get a copy of the Make Money by Thinking CD here.
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