Duncan Bannatyne
n his pin-stripe suit with no tie, Duncan Bannatyne OBE looks every inch the modern day entrepreneur. When we meet in the luxurious surroundings of London’s Charlotte Street Hotel, nothing’s too flash or rushed – his next appointment is to meet his agent for lunch some four hours away – but Bannatyne exudes an air of supreme confidence that presumably comes from knowing that you’re set up for life.
In fact, Bannatyne is so at ease in his entrepreneurial typecast that it makes you wonder why it’s only recently that the man on the street might know who he is, and even that’s more down to his blossoming television career than anything he has achieved in his business life.
Which is a shame, because this story is perhaps the dream rags-to-riches tale that should be inspiring a whole generation of entrepreneurs. “Entrepreneurship in other countries is very different to how it is here,” he says, in a thick Glaswegian accent. “There are a lot more self-employed business people in France, for example. Wherever you go, there’s a shop and the owner’s in there. Britain has to become more of an entrepreneurial country to keep up with the economy.”
Although he’s probably best known for his role in BBC’s Dragons’ Den and Mind Your Own Business, Bannatyne has a string of vastly successful business ventures to his name. After initially setting up an ice cream business, Bannatyne owes the majority of his success to his chain of nursing homes, Quality Care Homes.
When he sold that in 1996, he turned his attention to children’s day nurseries and Bannatyne Fitness, a health club chain with 37 outlets that now turns over
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