×

CITYOFLONDON FINANCE NEWS

Monday December 2 2019

Is the Apprentice even worth applying for? Study of Lord Sugars Apprentice success reveals all...




Is the Apprentice even worth applying for? Study of Lord Sugars Apprentice success reveals all...

The Apprentice 2019 is currently airing on our screens, and Lord Sugar has now announced that applications for 2020's show have now opened.

But with Dragons Den as an alternative choice for budding entrepreneurs looking for serious investment, which show is the best choice with the highest success rates?

Business plan experts Teneric, have analysed data from 247 businesses that featured on both shows (The Apprentice and Dragons Den) in the last 13 years, to create a report revealing which show was most worth it for start-ups in the long run and which creates the most failures?

What is Lord Sugars' success rate and how does it compare to the likes of Peter Jones and business moguls alike? Is the Apprentice really worth applying?

Reasons why applying for The Apprentice is a better choice than Dragons Den

1. Lord Sugars investments in The Apprentice businesses found to have a 100% success rate

That's right, The Apprentice has an astonishing 0% failure rate according to Companies House data. When comparing this to Dragons Den, you can see that failure rate is much higher and therefore a terrible deal for founders. Over a third (34%) of business owners are forced back into employment following business failures after the den according to the analysis, with Peter Jones being the worst dragon of all. Out of the 238 businesses analysed - 83 have failed and dissolved and 55 of those were under Peter Jones' portfolio. 

2. Lord Sugars apprentice businesses have a total net worth value of £8.3million  

Lord Sugar’s investments in 9 businesses over the years have an estimated net worth of £8.3million – averaging over £920K each. Dragons' Den may have made more money from their investments achieving an incredible £11.9 million, however, this is a result of investing in a total of 238 businesses and therefore averages just £50K each. Whereas Lord Sugar has invested in just 9 businesses overall.

Both Dragons and Lord Sugar have shelled out millions of pounds, with Dragons investing the most but seeing less return.

3. Lord Sugar has spent £2.25million of his own money so far in investing in apprentices - whereas Dragons have pulled out MILLIONS

So far, Lord Sugar has spent £2.25million investing in The Apprentice winner businesses. And although the Dragons have spent more (£11.3 million in total), £7.31million of promised money was never recieved - as Dragons are known to drop out once the cameras stop rolling. That's a huge amount of money never recieved by the budding entrepreneurs spending time going through the audition process to be let down last minute.

4. Not winning could result in success - 2011 Apprentice contestant who came 3rd has HIGHEST net worth

Just like any other TV show, winning is not the be-all and end-all. Despite placing third on the show in 2011, Susan Ma, founder of Tropic Skincare, is the most successful contestant to ever come out of the boardroom.

Sugar revealed on You're Hired shortly after the final that he would be investing in Susan despite not winning. The business has since gone on to have a net worth over £4.6 million and tops the list of the MOST successful business based on net-worth from companies house.

5. Lord Sugars business investment success has enabled founders to go alone 

For most, the aim is to become an independent founder with as much ownership as possible. Giving away 50% of your business is a huge commitment but when Lord Sugar is a catalyst for success - this has allowed some founders to go alone, earning enough money to pay him out. Lord Sugar is no longer involved in Ridiculously Rich and Impra-Gas LTD after both Alana Spencer and Joseph Valente's fast growth has enabled them to buy Sugar out for an undisclosed sum.



"I had no doubt in Lord Sugars' success and what The Apprentice can do for budding entrepreneurs. The exposure alone for all contestants is enough to get you known in your industry"
Dean Ahmad, contestant on Apprentice








DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.







Entirely London Jobs


Finance Analyst

West London


Vitae have partnered with a market leading media company in West London to help source an ambitious, highly credible Finance Analyst to join their team.




Finance Assistant

London


Finance Assistant: Photography Studio A well-renowned, international Photography Studio is looking for a Finance Assistant to join them in their cool central-London offices in a project role.




Commercial Finance Analyst

City Of London


Commercial Finance Analyst for a global business based in central London £50-60k.




Interim Finance Analyst

Central London


The Consultancy Group are currently working closely with a global retailer based in the heart of London.




Finance Analyst

London


This global media company based in Central London is currently in need of a Finance Analyst to assit them with a busy period.




Finance Manager Leisure

London


Your new companyYou will be working for a rapidly growing leisure company with modern, non-corporate offices.




Finance Analyst

London


This global media company based in Central London is currently in need of a Finance Analyst to assist to assit them with a busy period.




Research Finance Officer

London


Venn GroupResearch Finance OfficerVacancy Reference: 6868940Salary: £16-22p/hLength of Contract: 3 monthsA London University are looking for a Research Finance Officer to work collaboratively with a team of colleagues to deliver a high-quality research support services to academic and other service usersYo.




Finance Manager BioTech

London


Your new companyA high growth biotech company in London are at clinical trial stage and are growing massively having recently gained patents to two new products.




Finance Analyst

London


A music company in central London are looking for a Finance Analyst to join their team, prior to the busy period ahead.




Finance Assistant

North West London


MAIN DESCRIPTION: Finance Assistant London, NW9 £27,500 + Pension + Parking This is a fantastic opportunity within a successful local Company which would suit an ambitious and energetic Finance Assistant who is at the start of their career who is seeking a new challenge in the workplace.




Finance Systems Role

Kingston Upon Thames


My client are recruiting a Finance System Specialist! This is the perfect role for a candidate that has a passion for systems and looking to work in a progressive, sociable environment.




Finance Assistant

North West London


MAIN DESCRIPTION: Accounts Assistant London, NWH £26,000 + Pension + Parking This leading independently owned Company provide a fun unique product to clients throughout the UK, they are now in need of a Accounts Assistant to join their established accounts team Some of your duties will include: - Ass.




Finance Director

City Of London


Harper May is currently working with a world renowned hotel brand based in Central London.




Commercial Finance Manager Advertising

City of London


Reporting to the Commercial Director, key responsibilities will include: • Ensuring accurate monthly and quarterly financial information is prepared and presented to the client• Preparing scopes of works• Reviewing of monthly time reports and retainer reconciliations to ensure they are accurate before presenting to the client• Preparing various internal reports, including utilisation reporting/.




Commercial Finance Manager Retail

City Of London


Commercial Finance Manager (Retail), Central London£60,000- £70,000, Benefits include Bonus, Private Medical & Pension Our Client, an extremely fast paced consumer led business, has an outstanding opportunity for a Commercially focused Finance Manager to join what can only be described as an entrepreneurial enterprise.




Finance Manager - Immediate Start

North West London


Edward Mann are recruiting on behalf of an International Media group based in Central West End - Our client is looking for a Finance Manager to join their team! We are looking for a candidate with a proven track record in management accounting with elements of business partnering.




RECOMMENDED FOR YOU ON ENTIRELY FINANCE






















































Discover the latest Industry News & Opinions on Entirely














We transform your bright ideas into brilliant digital products.