please&thankyou

PG TIPS

Some business tips for P.G.

1) Always check the small print very carefully

In the Pleaseandthankyou.co.uk Terms and Conditions in one instance the company registration number and VAT number were Wrapit's registration and VAT number. When pointed out by Fiona on Radio5 live they were corrected within 1 hour of the interview ending P.S - Thank you

2) Don't cut and paste or take shortcuts

See the answer to Tip 1

3) Don't talk yourself down. When asked by Phil Williams "Would you describe yourself as a first rate businessman or a first rate ideas man?" you replied "In the current circumstance it's very difficult to describe myself as anything."

I'm sure many of the Wrapit brides would describe you as a first class something

4) Don't talk down the business model for the new venture

You described the new venture as a completely different business model from Wrapit's business model but forgot to mention the wish list part of the new business

5) Keep your suppliers happy

We've been informed by supplier sources that some of the goods advertised on the new website will not be supplied by them in view of their losses with Wrapit. In fact they say they've had to get in touch with you to demand that you remove their product descriptions from your web site

6) Try not to expand the business using the the money customers pay you for goods

The banks and the customers don't like it

7) Regular eye tests

When asked by Phil Williams "Do you think in hindsight you could have spotted this (collapse) coming?" You answered "No - I really don't believe it" when your trading results were as follows in this table

	Y/E 31/12/2004	Y/E 31/12/2005	Y/E 31/12/2006	Y/E 31/12/2007	to 31/05/2008 draft
Retained profits/(Losses)	(£1.8m)	(£2.4m)	(£3.0m)	(£4.3m)	(£4.9m)

8) Try not to use phrases like "Having nicked some of the copy" which you used on Radio 5 live

It doesn't make you sound like an honest businessman

If you have any other (printable) PG tips please don't hesitate to email FOTB@pleaseandthankyou.org.uk

Please and Thankyou org uk - Pleaseandthankyou.org.uk - Please&thankyou.org.uk - May 2009

Last updated 15/07/09