Peter Jones Reveals Major Flaw In Entrepreneurs Business Model | Dragons' Den 

Help me I've fallen back into another dragon's den phase

For those interested, the company was dissolved in 2020 having never made a profit and having burned through about £80,000.

Touker doesn’t need this app for exercise because he just runs up and down his London office spaces

Sarah exercises by walking to Jenny’s house to confirm she’s out

So the business only works when it's not raining....you realise in England it rains everyday with a Y in it!!

This is the First time Touker did not Destroy something.

The background music is like something out of a horror film.

So it's a silent disco for the daytime?

With a title like that, you know you're in for a good watch.. Enjoy your meal, guys..

i dont think it is a good idea at all, i have been doing les mills courses for 6 years and it is much easier and cheaper for the instructor/ gym to have a course room and do the courses using one sound system. How would you do the courses out doors during winter ? Also when doing zumba, the headset has to stay firm and not fall off when turning fast or doing sudden movements. If the headset stays firm it could end up hurting your head. With covid every headset has to be cleaned before/ after the course. Each headset has to be charged. If one of the headset fails to connect or loses connection, how do you continue the class ? In the past 6 years, i have seen often instructors' mic set losing connection and they just end up screaming from their lungs and the show still goes on... Secondly in order to be an instructor you still need to pass an exam, pay the monthly subscription at least in case of les mills to get access to the training videos/ license to music so why would someone wanna pay extra to get access to some headsets ? Most courses take place at gyms where they have large course rooms so acoustics is already in place, this is the standard norm you gotta go against and convince people to do something totally different i dont think anyone would be interested in this business model...

Their revenue model is completely off that's what Nick is concerned about. Alternatively, they could use a subscription model where they charge the trainers on different packages depending on the users trained. They could also capture value in providing users with different trainers to choose from on a subscription model

Nick was without doubt one of the better Dragons, Peter seemed to respect him more than the others who've been on the show (other than Deborah)

Thanks Tanya

Not with the weather over there ha ha

I think it would've made sense to just focus on the app but the headphones I just think was pointless.

Seems that something is already off from the onset of the pitch also after they gave forecast 😕 Also, not everyone who works out are attracted to classes. Some can even find a list of practical exercises they can follow consistently. There's also heaps of apps available to track your progress

Nice watch touker, rocking a 5980/1R 😉

Do it via bluetooth. I assume there's a way to, overmobile data provide the bluetooth connection details so it's still managed through an app. The trainer would need to bring a special bit of equipment to allow so many connections. But, however many connections that equipment can take, just limit classes to that many people. Easy....maybe, I don't know if it is.

Never never never do "windmills", where you bend down and twist your back to touch your opposite hand to the opposite foot. It's HORRIBLE for your back.

Spotify, free NIKE fitness app, headphones… sorted. What a useless business proposition… … and it rains 🌧️ 😂

Can't you just use Teams or Zoom for this? And instructors don't have to pay anything. Maybe I'm missing something

why not just wear wireless headphones?

a 1:1 instructor would be a good idea, but likely exists. outdoor classes + headphones = pointless

9:26 its not exactly like an "I would rather... than invest in this" line, but this gave me Theo vibes, even though this (and Theo's "I would rather..." lines) is something anyone could have the chance to say

I saw multiple flaws in the product after their pitch. There’s lots of holes which deflate it to being basically useless. Wouldn’t be surprised if they weren’t active anymore… Pun intended

Back to wrapping pallets for these two conmen

The trainer reminds me of Sandstrom from Hyperdrive.

"Just" use a WiFi-hotspot the instructor carries with them when/if there is problem with people having spotty 3-4-5G coverage.

I can just download some exercise videos from somewhere (or watch on RU-vid) and play that without paying anything instead of streaming from their app. For that reason alone, I am out.

Sarah Wontingham

rain.

3G 4G ! Oh man newer vids please

I wish someone would go on selling crypto or nft's lol...

Nick should have pushed that line of questioning further! Zumba could create their own app for outdoor lessons for a couple hundred thousand, instead of signing a long term deal with these guys that siphons off 5 million in the 3rd year

Very good app idea for fitness, in hence they would make more and more depending on how many instructors they can sign up, there is so many problems tho, what stops the fitness instructor who already does this from just keeping his customers, they can’t make money from the app, the fitness group is when they attend the instructor will tell them not to pay through the app and to pay him direct and he’ll be cheaper which everyone will take them up on, cut out the middle man after you’ve met the fitness instructor in your local area, plus it can be copied too…. Impossible to pull off.

I’m concerned they are concerned.

It’s not a exercise thing, it’s a motivation thing and not a very good one.

Barbra from the USA called said she would love to use these will she’s out and she isn’t coming back in….

How absolutely ridiculous.

Zoomba people would love this . They pay for a PA system. Yes there are still zoomba people out there I’ve seen them on face book lol

THE PITCHS ARE AT SUCH DISADVANTAGE ONE DRAGON PUTS THE REST OFF THEM OFF

Right off the start, if you need the Dragons to validate your business, you most likely don't have a business worth investing in! If they were truly smart they would look at the AR potential of the app!

i dont like app, its radio for exercise , but perter u cant say model has major flaw by saying, what happens if low coverage, same happens to instagram or facebook so ? even they are flawed ??

I miss Nick.

I am absolutely amazed Sarah is out. Honestly its incredible.

The weather is their main Danger when its Bad people stay in doors.

I find Sarah so attractive, she is elegant and classy too.

Did someone say the B word at 01:01 ??? lolll

Peter hardly said anything

All that just to listen to crap music while you exercise

3G is one the way out

The ad breaks the video

8:43 😘

Not First

tanya's well worth a punt

Touker was out because he did not understand a word they said...looked confused from the start.

Deborah: I don't pretend to be an expert in this field at all, but I completely understand how this concept would work, but I've just realised that what I've said makes absolutely no sense, so I'm going to use Peter's example of network coverage to get out of this one so I don't sound like an absolute plonker.

Do you think the guy grew a beard because nobody could tell them apart? It doesn't look great, it's got to be to differentiate him

Nick "TheDick" Jenkins

Erm, just hot-spot off the trainer's mobile if you're out of coverage?

Fast forward to 2022: there’s 5G everywhere 😅

Is it just me or does anybody else ever witness the constant negative face on Peter? He just seems to be so sad and negative all the time!!

Cringe

Think I'd rather invest in Tanya the fitness instructor! 😍 😅

Simple solution to the network issue, wifi hotspot and local server on a raspberry pi, simple.

Ethereum

Funded by coersion but the dragons are allowed to lie out of spite.

Fun fact, Touker actually took part in the London marathon 2021 just two years ago lol He didn't, but the number of you who would have hit google search tapping your little fingers to find that, makes me wish I just left it like that

Waah waaah waaaaahhhhh

Looks like Barbara's out.....

Yikes, 3G dates this big time haha