Comments on: Inside Dragons’ Den & Rachel Elnaugh startup lessons

By: The source of entrepreneurial determination « Nickpoint

The source of entrepreneurial determination « Nickpoint — Wed, 12 Aug 2009 10:23:04 +0000

[...] Elnaugh calls it the “pit” which you have climb out and Seth Godin named it the “dip” that you see see beyond. [...]

By: Learning is the source « Nickpoint

Learning is the source « Nickpoint — Thu, 25 Jun 2009 12:34:00 +0000

[...] idea through repeatedly trying and failing; learning to over come your fears to live your dreams; Rachel Elnaugh’s learning experiences; and anyone can learn to be a [...]

By: Nick Barker

Nick Barker — Sat, 06 Jun 2009 22:58:26 +0000

Why Thank you Jim

Glad you enjoyed it. Good to hear from you.

Best

Nick

By: jimconnolly

jimconnolly — Sat, 06 Jun 2009 19:45:06 +0000

Hi Nick,

An interesting post – thanks for sharing.

Jim

By: Tips and Tales from the Brads (Brad Sugars & Brad Rosser) PART 2 « Nickpoint

Wed, 06 May 2009 11:32:41 +0000

[...] point! A idea is only a science project until its out with customers. Brad makes a good point which Rachel Elnaugh also made – get a good product/customer fit and then ramp up sales. This requires a customer [...]

By: Tips and Tales from the Brads (Brad Sugars & Brad Rosser) PART 1 « Nickpoint

Fri, 17 Apr 2009 14:19:42 +0000

[...] Know your numbers – Rachel Elnaugh also said this at her talk [...]

By: Nick Barker

Nick Barker — Mon, 06 Apr 2009 12:20:01 +0000

Hi Rachel, Thank you for the comment and sharing the detail. Your experiences make for quite a story. The Philosopher Friedrich Nietzsche (1844-1900) said “That which does not kill us makes us stronger.” As Jeffery Walker, who is fighting Cancer for the 4th time, recently said to me "Live strong". All the best Nick

By: Rachel Elnaugh

Rachel Elnaugh — Sun, 05 Apr 2009 10:40:16 +0000

Hi Nick

Thanks for your Blog post. Just to explain, I was invited by GINEM to speak and specifically asked to share my experiences of Red Letter Days in particular the mistakes I made… That’s why I return to the story!

I don’t feel bitter about RLD but it was an important part of my own journey from which I learned a lot. I can assure you I personally lost an awful lot more than any voucher holder, and as I explained on the evening the real criminals of the piece was the fact that £3.3 million of our cash was bonded by Barclays (against a liability which turned out to be only £1.1million). Had we had use of the cash we would not have been forced to put the company into administration.

The day that people stop asking me to speak (or mentor them for that matter!) is the day I’ll stop and go do something else. My current business (inspiring, motivating and helping others on their journey) has been 100% demand lead.

Regards

Rachel

By: Nick Barker

Nick Barker — Fri, 03 Apr 2009 16:07:01 +0000

Hey Paul

Trying to sell to disgruntled ex-customers doesn’t sound like a very well thought out strategy. I completely agree good communication is vital, especially in todays web connected world.

Best

Nick

By: Paul Bilan

Paul Bilan — Fri, 03 Apr 2009 15:21:56 +0000

Hi Nick

Thanks for your reply. I actually forgot all about the Birthday gift from Red Letter Day. It only resurfaced as *they were running a competition and the winner will receive mentoring from Rachael. As a boot-strapped entrepreneur I was considering entering however from my personal experience I doubt the merits of anyone leaving their former customers in such a predicament. At least we can learn from those mistakes and engage and communicate with our customers at all times.