Or is Alan Sugar some kind of Calvinist God?
‘One in four entrepreneurs who start businesses fail within the first 24 months…. Already in this process I have invested £1.25 million pounds in 5 businesses, and they haven’t failed, and the reason they haven’t failed is because they’re being mentored by me’.
Alan Sugar, introductory speech to this year’s Apprentices (2016)
While the first two statements above may well be true, the idea that the crucial factor in the last five winners’ enterprises succeeding is Alan’s mentoring is possibly nonsense – a more likely reason Sugar’s start-ups have all succeeded is that of the 18 candidates or so who start the show every year, at least 10 of them have been cherry-picked because they’ve got very sensible business ideas.
The chances are that of all of the start-ups Sugar ends up with would almost certainly have succeeded if the candidates had just sought out venture-capital, given that he’s got an enormous pool of genuine talent to start with (at least 6 are guff-candidates, but there’s always enough sense in there too), and that then gets whittled down further.