On Friday 3rd of May, 9 MACE business groups arrived at Kingston University eager and ready to impress the final Dragon’s Den Judges.
At the end of the day there could only be two winning teams. These teams were then awarded and given the privilege to represent London and Kingston University at the Young Enterprise National competition.
The week before, end of April, we had a Mock Dragon’s Den at Kingston with three friendly but critical judges. The Mock Dragon’s Den gave us the opportunity to test our speeches and see if we could deliver the presentation within the 8 minute time slot. 8 minutes isn’t a long time when four people have to talk, we managed to go one minute over. The judges told us we needed to work on our finance section, we needed to make it flow better. We were told that the best way to present finance is by telling a story. Because we were the last to present on the day we had a 3 hour wait in between our morning class. So when we got into the mock dragons den apparently we had no energy and spirits. Our Design Thinking professor told us that when we walked into the room we looked like we were going to kill each other. That was definitely not the case, I think we were a bit tired from the long wait.
We had a break over the weekend and thought if we just dedicate one day, thursday, to perfect our presentation we should be ready and confident for the Final Dragon’s Den.
Blue Glimpse spent the day before the final dragons den at Celia’s house (Blue Glimpse Manager). We had a delicious lunch out on the terrace in the sun then we spent an hour practicing our presentation. Our tactic was to keep doing it until it we were sick of our speeches. We also managed to deliver our presentation under 8 minutes. We got more confident with our parts and so it started to flow better.
D-Day. Blue Glimpse team dressed the part, we were simple but stylish. We wanted to look professional yet simple to match our product, Jabels. We met up an hour before our presenting time slot to give us time to print out our business report and practice our presentation three times before heading to the allocated room. There were two separate Dragon’s Den judging rooms, so our 9 teams were separated. Each team had time slot of 20 minutes with the Dragon’s. This meant we had 1-2 minutes to set up, 8 minutes to present and 10 minutes for feedback and questions from the judges.
Our presentation was perfect, we were energetic and kept our smiles throughout the whole presentation. There was no hiccups and no mistakes, we were really proud of ourselves.
The advantage of being one of the first teams to present was that we were able to celebrate the end of our presentation with a bottle of wine outdoors under the warm sun. Gradually, our fellow classmates started to join us after finishing their presentations to celebrate and relax.
At 5pm the overall winners were announced. The winning teams had to present their 1-3 minutes pitch to the entire room and answer two additional questions.
The two winning MACE teams were…………….
42 and Ferox
Afterwards, we were approached by two of our Dragon Den judges congratulating us because apparently Blue Glimpse was very close behind Ferox. The reason why Blue Glimpse did not win was because we were targeting the wrong audience. The judges also said that our presentation was outstanding but only if we had the correct target audience.
It was a shame that we were not one of the teams to go to Nationals but we are extremely proud of our MACE teams 42 and Ferox in winning.