Deborah Meaden, Dragons' Den (Part one)

Deborah Meaden, one of the leading UK female entrepreneurs, offers her expert advice on various aspects of running a business. Deborah Meaden worked for her family's amusement arcade business in her early twenties before moving over to the holiday park side of the business, Weststar Holidays, where she was promoted to managing director and grew the company from one to five holiday parks catering for over 150,000 people per year. In 1999 Deborah undertook a management buyout, and sold the company for £33m in 2005. Deborah has appeared on BBC Two's Dragons' Den since 2006, where her notable investments have included YoudooDoll and Buggyboot.

Meaden starts with the practical advice of evaluating the viability of your business idea before developing the passion and the motivation to carry it out. She also discusses how the recession can force a company to become more efficient and consider the sustainability of the business model. The key to a successful entrepreneur, Deborah says, is having a great understanding of where the business is, where the future of the company lies and what is missing from it. Find out what Deborah Meaden believes to be the "engine room" of any company and her view on how to get investment such as a bank loan. Her background in family business means that she can offer great advice on how to deal with the issues that may arise for anyone considering entering a family business, or already in one.

 

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