This Entrepreneur's Quest Is To Bring Brown Rice To The Fore. But Can He Rise To The Occasion?
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- čas přidán 12. 02. 2022
- Chukwuma Charles, CEO of Perchams Foods. came into the Den for an investment to scale up his agro-processing business.
However, a few inconsistencies in his pitch throws a wrench in the works and he ends up 'lion-less'. - Zábava
He doesn't take a salary but he takes whatever he needs
🤣😆😂😂😆🤣😂😆🤣
What have I been doing on CZcams not finding this channel
I think his inability to separate his business from himself was a major red flag for the Lions. You don't just wake up and take something from the business, there needs to be a structure.
Most Entrepreneurs always feel their only problem is money,but when you dig deeper,you realize that,that is far from the truth.
My favorite Lion, Bolaji Balogun. I’ve noticed that when he makes an offer, the rest seems to follow. He’s the GOAT
YOU SAID IT!
Not necessarily ooo...
There are some tech business others don't understand
Yes, he is an investment guru and they know he knows his onions in that field. Each of them has their own strength. For example ,Adenike is good when it comes to fashion businesses
You said it Jennifer, the other lions always closely watch Bolaji
I love Paul Owanibe cause he's a constructive critic. He's so careless in his analysis and straight up points out the loop holes. Anyone who works with him would go through some grinding but definitely rise to be a champion...
I'm really learning... Thanks to the producers.
Charles will succeed.
He wants to expand the business he is not doing a new business.
I like this business idea.
It's just a branding business and to me the valuation is too high guess that's why the lions are all out also he's not running a business yet he just own a job But I think they should have offered some help even tho they can't invest.. Omo the lions are looking for good potential businesses to make more money for themselves simple. the guy should go to the bank and take small interest loan that's what he needs 😔
My name is Charles and I'm here to ....
Paul: For that reason, I'm out!
😂 😂
My brother I won't blame him Mr this very business lack structure.😂😂😂😂
😂😂😂
😆
@@josiahramseyokeleye3370 nah, I think that Paul, by default, does not want to invest in anything at all. So he is out even before you talk about your business structure 😀
Lol. Lions have supported other businesses that were worse presented by their owners. I guess the money that Charles quoted was what made them decline. Notwithstanding, I believe Charles will make it eventually. He sees a need that he is trying to meet.
My thoughts exactly. Lol.
That’s what I was thinking
Baba don calculate G-Wagon Money.... D guy cast when e go talk say him go buy land for Magboro! Mr. Paul always finds the cracks easily!
You are a sharp guy! Baba wan use dem own asset.. He think say na sentiment carry dem reach there.. Too many red flag for one pitch
Omo this man was really pained he was still looking back to see if they would call him. These lions are really lions they will chop you raw, come prepared or go home
He's gotten good mvp
Paul and Aba Kyari are too careful to invest
He should place himself on salary instead of taking money off the business.
Once there is no limit to what he takes his business will be in trouble when big needs arise.
This was the most grilling but they centered him back, he needs to market this rice and grow this more organically that speedily as he desires. The valuation is also a turnoff... there's currently no brown rice company with such valuation
This is programs for smart folks. A different version of Nigerians. Lions 👍
Charles should have continue what he's doing rather than jump into production . He doesn't know what he want put himself into. I'm a rice miller and I see Charles know less about rice production.
These are people very intelligent 🧠. You're expected to introduce every thing you need to say, before interrogating. And while interrogating don't say anything that you don't include while introducing your product.
The moment he said "he takes from the business" I knew it was over for him
Same here.. "I Just take!"
Initially they were all interested
It went downhill from there
I almost shouted when he said that. I knew he was done.
Yea.. I didn't like their approach to this. He is a trader and not very structured in his approach, that's clear but his business is profitable. Moving from just trading to rice processing and storage is not a terrible way to spend the money (wouldn't be my first choice sha). He probably should have explained better and showed how that would grow his revenue.
I disagree, this is just a branding business. He should look more into sourcing for more rice farmers in other to have enough supply, storage for availability when the brown rice is off season & consider the possibility of export to the west as well as other African countries..
Lions don't invest in a business that is just in itself profitable if the person can't pitch how that business is profitable. They want to see how you manage resources to earn their money back(investment) so you don't fall short. If you can't have a model that best describes or addressees at least 90% of the questions presented then it's a problem.
Why are they attacking this guy? This isn’t right… I feel so bad for him.
He isn't prepared for them.
hmm.... this didn't play out well on both parties. He didn't communicate well and seemed to want to do many things at once. And they seem to be to a little too critical of certain aspects. I for one consider tagging his unstructured deduction from the profits for his upkeep as red flag to be unfair. A simple "you can't keep doing that.I advise you to put yourself on salary" would do. They should have spent their criticism on the business model itself. This episode was almost awkward.
They're baiting him to say the wrong things about his numbers. Then they draw him out by the hook.
Exactly
Yeahhhhh
Ouch
The money is just too much for them.. that’s it!
This guy would have just stick with his packaging and distribution
I am not particularly impressed at the way the Lions went about their reasons for not investing.. this is a viable business where a Lion can show support, invest and help this entrepreneur grow!
no
You'll do the same if it was your money at stake
Why don't you follow up and show him that support. It's thier money and they understand it's use much better then you
What makes it viable?
@@sadikmeah4057
Another thing was that he has a track record of shift in carrier which eventually will come up which no investor wants.
An agricultural-oriented person would have understood him better.
They didn't understand the business model. His valuation might be high but the money requested is feasible.
Ugly mistake in the Chukwuma Charles pitch was TAKING ANYTHING, ANYTIME from a new business, amazing business idea, nice presentation, but couldn't articulate how much he earn from his business is a grievous mistake many entrepreneurs make in the line of business. However, Rice business is a life time business in Nigeria. The consumption is very high and considering the increasing Nigeria population. His rice business will create more employment and make massive revenue in the nearest future. Bolaji Balogun should have offer him mentorship and work with him to grow the business. PAINFUL exit though. BEST OF LUCK Chukwuma Charles.
There were too many redflags with his pitch on the rice, money isn't easy to come by so before making an investment on an entrepreneur you really need to do your check & balance. He wants to buy a land of 5million each, when there are cheaper lands in epe & Ogun state. He wants to buy machine for another business model, he was into oil & gas, interior deco etc..... He collects money from the business to feed. If he wants to sell that rice, he should partner with chefs influencing on social media
As usual , Paul is out
lol cause he’s smart with money
Lol 😂😂
In other words, water is wet
@@murewamuresco3468 👌💯
Was a great business idea, I would have offered him 50m for 51% of his company and make sure he makes proper changes to the company and work majorly on cutting cost and meeting demand. He could be doing 40% profit per year.
51% is tantamount to owning the business as a majority shareholder so that is nuts if u ask me...Probably 35% equity and another 10% in advisory shares is better.
@@kingsleyimiefoh899 that’s the plan to have the major stack so that no decision would be made without my go ahead because it’s obvious these newbies have a good business but terrible management and scaling
Offer me same
I think the young man's integrity is questioninable, he's not reliable based on the previous businesses he managed. He just want to be comfortable or should i say skipped the hard times in the business, which will later surface in near future. His accountability status isn't fair enough to me as well. trust me am quoting from experience.
I think the young man's integrity is questioninable, he's not reliable based on the previous businesses he managed. He just want to be comfortable or should i say skipped the hard times in the business, which will later surface in near future. His accountability status isn't fair enough to me as well. trust me am quoting from experience.
Lions no get 100 million LMAOOOOOOOOOOOOOO
But they should have borrowed from the snakes.
Do you?
@@adenihunadewale9214 That is largely immaterial and not the crux of my comment. How about you come back with a more imperative rationale and do away with this one, which is indicative of a rather dull thought process
@@KDLFPYTHON all dose one you saying na english grammar oga ade,U think the show na charity
This guy looks like someone there to sweet talk money from the lions, for his dreams.