Young Apprentice Week 7 – Double Jeopardy

Lord Sugar. Courtesy of bbc.c.uk

Lord Sugar. Courtesy of bbc.c.uk

Young Apprentice week 7 – Double Jeopardy

It’s the semi final of this year’s Young Apprentice, and in a twist the task started almost immediately after last week’s boardroom. Both teams are informed that in the losing team this week, 2 candidates will be fired.

Six candidates remain; in Odyssey there are Steven, Andrew and Lucy and in Platinum Patrick, Ashleigh, and Maria. After a bit of wrangling, Lucy and Patrick assume the roles of PM. The task; each team has £1500 to spend on  2 items from a list and sell them at the WOMAD (World Music) Festival. The team with the largest sales (plus remaining assets) wins.

The trick here is to choose the best items (i.e. those likely to sell), get them at the best discount to maximise profit and then sell them. In terms of choosing the best items, the fact that only Steven appeared to have any experience of festivals was always going to make it difficult to choose the best items. So both teams dispatched members to do some market research; Andrew for Odyssey went to a shopping mall, where the shoppers didn’t seem to match the likely profile of WOMAD revellers ( older, more affluent, eco-conscious, possibly with young children). He found out nothing. Ashleigh went to Camden Town, a more likely location and found out some useful information. Unfortunately, what she did find out was ignored by her pm, Patrick, who had already decided on the items he wanted!

Lesson: If you don’t know your market, do some focused research and pay attention to what you learn.

Both teams decided they liked the portable disposable loos. Patrick wanted the umbrella that can also be used as a seat (or bum rest at least). Both good choices you would think, given English summer weather. Odyssey were interested in the portable washing machine (really? at a festival??) and the Onesies – one piece animal costumes. Platinum got the nod for the portable loo despite having offered a lower price. This was due to heavy handed negotiation and a lack of enthusiasm for the product from Odyssey’s Steven.

Lesson: When you are competing to get rights to a product, negotiating the price needs to be coupled with clearly demonstrated enthusiasm for the product. Steven got this wrong.

The last part of the strategy is to sell the product. The portable loos eventually became a seller for Platinum, but only once they had reduced the asking price (even at this reduced price the profit was a handy 50%). The umbrella seats proved more difficult to move due to the sunny weather on the day.

For Odyssey, the washing machine was a non-starter. As Andrew himself realised, this would be perfect for the “Glamping” (glamorous camping) market. Festival goers usually bring enough clothes to see them through  and don’t want to spend time washing! The Onsies did sell, and became the focus of Odyssey’s campaign.

In the boardroom it was revealed that Platinum had won, but only by about £30. They had the better products, especially the loo versus the washing machine, and product selection proved to be important. However, Odyssey did well with the Onesies. A better second product (such as the face paints which everyone, especially the children, were wearing, as was pointed out by Sugar) would have won the task for Odyssey.

Of the 3 candidates in losing team Odyssey it was no surprise that Lucy survived, though Sugar dragged it out. She had not previously been in the bottom 3. Andrew was a perpetual loser (6/7) and only just survived last week and Steven’s aggressive approach to negotiation cost the team the portable loos, and probably the task, so both had to go too.

So 4 remain; The Fish Wife (as we say in the North East) Maria; The Ghost (Patrick), The One-Trick Pony (Patrick) and the All-Rounder, and my favourite to win, Lucy.

Next week’s it’s the final, but who will be sainted and who will be scrooged?

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