Start Up Blog

Door knocking – Duncan Bannatyne

Posted in entrepreneurship by Steve Sammartino on July 16, 2009

This a true story about how UK entrepreneur Duncan Bannatyne got his start in business. He now has a net worth estimated at £320 and is the 167th richest person in Great Britain.

Bannatyne was told by his mother that, due to the family’s lack of money, he could not have a bicycle. To amend the problem he asked the local newsagents if he could have a paper round job and was told he could have one if he could get a list of one hundred interested people. Duncan painstakingly knocked on many doors and with extreme determination eventually had a list of one hundred customers. Armed with this list, young Bannatyne received the job and eventually a brand new bike.

old school bicycle

Startup blog says: there is a strong relationship between being able to knock on doors and becoming successful entrepreneurs.

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4 Responses

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  1. Scott Middleton said, on July 16, 2009 at 1:55 pm

    I just spent this morning knocking on doors. It’s tough to get going but once you do you realise it isn’t as hard as you thought it would be and you end up with some EXCELLENT successes you didn’t expect!

    Even though I’ve done it all before with another venture, I still had that nagging in the back of the mind.

    More and more I see the difference between success and failure in such an early stage as an internal battle that the individual must take on. And take it on they must.

  2. Company Formations said, on July 16, 2009 at 8:14 pm

    I think this is a perfect example of if you have the determination and willing to put in the hard graft you will reap the rewards.

    Duncan’s the best one on Dragon’s Den – he always seems to give people more of a chance to explain their vision than some of the others do and even if he doesn’t like the idea, offers them good, sage advice.

  3. Robbie said, on July 21, 2009 at 4:10 am

    That’s £320 _million_.

  4. LLP Incorporation India said, on January 17, 2010 at 4:39 pm

    Very Very Interesting Article. Thanks sharing info.


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