Not Kids’ Stuff

It makes me want to weep, The Apprentice.

All these self-delusional young men and women each trying to outdo the others in arrogance and outright nastiness.

As a public demonstration of perfidy and incompetence it surely has no equal.

As an example of headless chickens running around in circles it has no parallel.

Yet surely Lord Sugar is missing a trick here (hem, hem).

He is recruiting his apprentices from entirely the wrong group of people.

If he wants someone to go into partnership with, to build on his £250,000 investment, why is he looking at the zealous but untried?

The type of people best equipped to develop successful businesses are clearly those who have done it before – not those who demonstrate on a weekly basis an inability even to organise a piss up in a brewery.

The time is surely right for ‘The Senior Apprentice’.

Those over-55 say would bring immensely valuable business skills acquired through at least thirty years’ experience.

They will be very aware of the value and importance of money.

Older people are not as impatient or impetuous as the younger generation.  With more time on their hands, seniors can take as much time as is needed properly to develop their business concept, analyse market opportunities, develop products, test new services and prepare a high quality business plan.

They can call on business contacts, associates and friends made in the past to provide complementary expertise and advice.

As a result, financial risks can be minimised and the prospects for success substantially enhanced.

Anthony (not his real name) was one such entrepreneur.

Steeped in corporate life but bored in retirement, he made the decision at 55 to do something new.

He reconnected with colleagues from his old industry – financial services – and together they started a new company offering specialist advice to owners of IFA networks.

Anthony was taking advantage of all his previous experience, and contacts, and applying it to his new venture.

Initial clients were all people he’d known in his earlier professional life; from there he built his business on referrals and recommendations.

Had he been an Apprentice in his early twenties, this would not have been possible.

He would have possessed neither the knowledge of the industry nor the range of contacts to enable him to set up and prosper.

And Anthony is by no means alone.

In a 2009 survey by Business Link, almost one third of small to medium sized enterprises were owned and managed by those aged 55 and over. reports that more than one in four buyers of businesses are 55+.

At the conclusion of a recent TV episode, Lord Sugar said that he “wanted a message to go back”.

Perhaps in retrospect the message was to the wrong people.

Senior Apprentices are the way forward.

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2 Responses to Not Kids’ Stuff

  1. Mr. Curtis Dabek July 5, 2011 at 1:51 pm #

    Having just read the article concerning Lord Sugar and having “Older” entrepreneurs on the show,there are probably a number of reasons why Alan Sugar doesn’t do this. I think that the main reason is because it might not make such an entertaining programme,as the spats that the younger contestants have with each other, especially in the Board room, make for good TV. I think older contestants would have that bit more maturity and approach the problems etc,in a totally different way. Also the fact that Alan Sugar is around the age of the Older entrepreneurs may be too close to home for him! However, it would be great if Alan Sugar did support older entrepreneurs and I am sure that he would gain a lot more through them than he is likely to through the younger ones.

    • chriskenbercoaching July 5, 2011 at 2:04 pm #

      Thank you for your comment Curtis. You may well be right, though I suspect there would still be “spats”. The boardrooms I have been part of have frequently induced healthy disagreements to say the least !

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