Clitheroe Advertiser &T1mes.Thursdav. Juno 3,2010 6 YOUR MONEY li->


Dragons’ Den'Star and business expert Duncan Bannatyne swaps , spreadsheets'for spades in his new TV series Seaside Rescue. He tells POLLY W


EEKS why'everyone’s got the ability to be an-entrepreneur /'f- 111


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At a time when most peopie are battening down the hatches and puiiing tight on their


..purse strings, you can rely on entrepreneur and TV presenter Duncan Bannatyne to be . taking.a financial gamble. ■


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From top, a scene from Scottish entrepreneur Duncan Bannatyne’s new TV series Seaside Rescue; Bannatyne with wife Joanne at a cancer'campaign


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; The Dragons Den favourite and multi-mil- - lionaire has just completed filming for his .;-;- new Virgin 1 TV show Seaside Rescue. During the six-part series, the straight talking Scotsman heads to some of the UK’s top sea­ side destinations - Sandham Rides in the Isle of Wight, Mannings Amusement Park, Felixstowe, PolzeatlTs Carman Farm, Timnels Through Time in Newquay, Westcliffe : • Leisure Park m Ramsgate and Coast View Holiday Park in Teignmouth - to deliver some home tmths to failing businesses...


He is convinced that while times might be


. tough, there’s still plenty of money to be made. .


, The British seaside had more than visitors in


'2009 than in the previous three or four years because of the recession. So these people


-should have been taking advantage of that but most of them weren’t, he says. With his . strong Scottish accent, he explains that it’s


I not just seaside resorts which could be making money at the moment either. “Interest rates go up and down, so actually a lot of people have more money in their pockets during a recession than they did before.” So how can the average UK household make their money go further?


.


“It’s just a case o f looking at your finances and planning carefully. Make sure you know what you are spending your money on. It’s also worth checking things like credit cards to see how much


. interest you're paying”.-. The financial. hot-shot certain­ ly knows what he’s talking about. He’s fea­ tured on the


“But running a business is real life - it’s not


just something you do when yoircome out a nightclub and have slept off the'drink! You’ve got to be dedicated”.


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Having faced some bizarre pilches on Dragons Den, Duncan understands the poten­ tial pitfalls of business better than most. And, as we’ve seen, he’s never shy of opting out if he doesn’t believe in the product. “Anyone who’s starting a business whether it’s washing cars or cleaning windows, just needs to make sure they have a product they can sell,” he says. “If you are lacking in expe­ rience but you’ve got a good idea, it’s well worth giving it a shot. And you can always learn as you go” he says. ‘‘You will soon work out what you’re good at and what you’re not good at. For cxampIcT-J’m good with figures but I’m not tliat greatal IT, so I've got people,who are good at if-k. Duncan confesses he is constantijiconsumed with work and this does have it’stdownsides. “I liave tills problem where I’ll go anywhere, . like a cafd, and I’ll look at it and think about how I could improve


Sif. AnyOO.® s t a r t i n g 4 on it. you always look at the


. Sunday Times rich list and last year defied the unfavourable ■ economic climate to set up the : ' Bannalyne Spa Hotel in '^ i T v ^ Hastings.- -: It joined an already impressive


J 0 makG SUFG t h e y > are businesses keen to I" haye a p r o d u c t rT t impress him? “Some people do


T T tlief cy'sell"-^^ improve their service and Li


that’s fantastic.^ ; I remember when I was going to the cinema with my family and.we went for a


.-pizza beforehand and the person who \yas ■ ' serving us recognised us.-.'--y; V ■ • • ■ . There was a power cut and the whoie place .


< business portfoUo.boastingj;:?-j ■' Bannatyne’s Health clubs and ? 1


A ■ ■ i


- a long list if bars, hotels and . . property. : "T .■


■ -


; It’s encouraging to hear Duncan’S; conviction that anyone canV • .''V'A become a successful


■ had a black out and we couldn’t pay the bill because the till wouldn’t work. They simplyi-. said we’re not going to take your money;' ^ _ off you. '


; . - - ■ Off course other times people do bad service


. and then say “Oh well I was nervous because Duncan Bannatyne came in.”


. businessman. He uses his iDwri ■ .experience to drive home hfs -: point. “1 worked in a bakeiy for ’ / about a year until I got a -1- V;-,i •'


..mortgage and bought .a house” he: ...says. “And 1 was in the house for ' ■just two weeks when I bought an


call '0800. 801645* click thehnarsden.co.uk . ■, Mareden Building Society is autiwnsed and regulated by the Financial Services Aulhonty and (s entered in the FSA Register under"numtter 206050.


li YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME'^ :i.*To help maintain service quality some telephone calls may be recorded and monitored. Marsden Building Society Principal Office 6-20 Flussell Street Nelson Lancashire BB9 7NJ 'v " i


: ice cream van. Then I bought a i.- ■r.second van, and then a third;The' s business just went from there”. . While he insists it can hie straight^ ifo rw ^ , making a finari'eid suc^ a ■ cess.of a business takes a lot of


. hard .work.^His top tip td'anyqne jv - .?^ri^ng put is to remain fdcussed.~i I “ Anyone can do it,’t he says.


. When Duncan isn’t thinking about his'busi-. ness empire, he’s relaxing with his family. - . “I unwind mostly by spending time at my i


. villa in France,” he says. “I spend about 10' weeks of the year there and I love it! All my > family ski and everyone’s at different levels.; - It’s a lot of fun - a great ho!iday.’!;E> H; .y Having just filmed .Seaside Rescue, Duncan is now determined to explore more of the UK’s ;: tounst hot spots?.:‘'-Y;> A-


, “I didn’t.re"ali'se what beautiful countryside 'i A; there was until I started doing this pro- ■ ■ ■ gramme,” he says^'"^'


'AVe’ll just have to wait and see'wliere’ynext; j ■ on Duncan’s enUepreneunal hit list.':


+ ‘ ‘ ' 1 i'T ?' : ^ vj,if''


k' 3-bUSinGSS ' riGGClS’'^ business side of it rmher than just enjoying the meal!"


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CHtheroe Advertiser &T1mes,Thursday, June 3 .201O_


savings | insurance |*-'financiai;adyiGe^^YOUR MONEY 7 DUNCAN’S TOP TIPS FOR FINANCIAL SECURITY


•Taken from his book How To Be Smart With Your Money, published b y orion B'ooks, pneed £12.99g5|gj;;


■ Don't dream, don’t wony think! Planning your fihanciaTfuture is tire iiist step to making it a ■ You're rieiJer too old to get your finances in shape; but the youngeryou start,-the longer ' you have to reap rewards from investments ■ Gel organised -^ file your receipts and'« income mfoimation sensibly so you can bei sure you’ve got more coming in than going


■ It pays to stay informed e gathenng information.from as many sources as-possible will help you make smarter financial decisions ■ Boost your income s make sure you’re taking advantage of ^Tthe benefits-available; whether it’s tax credits or emptbyee benefits


■ Don’t fet your career dnft Keep thinking ^out, your riext.careor.moye.-ffi and make sure you don't spend ■•.■shy years earning less than you should.v-r:


/ ■ Spend smart Ask yourself if you .,t :, ' re a lly 'n ^ it before.you buy. it ■ dv/n your own home if you-:, ; possibly can - rent is a debt you pay for the rest of your life


^ ■ Save! -Savings help.you’to eppe's-;-'-; with eqiergencies and let you ihvest:.?-; for the ifiiiufe, which gives you farV more options.


' . . .


■ Knowf the cycles. Being smart yvith money, isn’t just about vvhat you do with ■ v:-it,-it’s-also about whenyou do rt.'h-i - N > : -,Knowing where you. are in yourjS V personal, economic ^ c le will--;-;iSs |ih 'e jp ,|g ji^ pM and avoid expensive mistakes:-; ;:-


"i


Dragons’ Den star Duncan


I' Bannatyni believes you. - i:: must alvvays^have a plantei;.:i f for your finances . ' i


mortgage voucher We know you like saving, so


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. Conditions To qualify, you must include Uus voucher (no photocopies) with your completed application form. The > I. amount of £250 represents a discount from the S oa e t/s product arrangement fee. This mortgage voucher ts valid for


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the purchase of any new mortgage with Marsden Building Soaety submitted before 31 August 2010. Only one'/oucher per appIicaiKjn. This voucher cannot be exchanged for cash. This voucher is issued by Marsden Building Society. whO’ wilf not be liable in the event Uiat the voucher Is tost or stolen. Offer ends 31 August 2 ol0. Marsden Bulding Society is authorised and regulated by the Financial Services Authonty and is entered in the FSA Register under n umber. ; 206050. T o help maintain service quality some telephone calls may be recorded and monitored.; YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE -.


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THINKCAREFULLYBEFORESECURINGOTHERDEBTSAGAINSTYOURHOME. Pnncipal Office 6-20 Russell Street Nelson Lancashire B B 9 7N J .;- -t. - a ,


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