tv Back from the Brink BBC News August 19, 2018 4:30pm-5:00pm BST
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the pressure chart for monday, we are in between weather systems, widely spaced isobars, this weather system struggling the centre of the country could give the box of rain at times. a lot of cloud across the board on monday. lighter winds in the south, breezy across the channel islands and the far south—west. a few clear spells here and there, mostly cloudy and humid. temperatures 17—25d in the south east. and for the test match cricket at trent bridge, it will stay largely dry. barbie 0rde spittles spot of rain in the year. temperatures will increase. —— barbie 0rde spitball spot frame. warm and humid. tuesday, a different story, a weather front rushing into the north—west corner of the country. long spells of and more of a breeze. further south, close to the area of high pressure, the cloud breaks to give a greater chance of sunny spells, a fine and warm day, reaching the mid—20s. the weather system slips southwards and weakens, in central parts of the country
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producing a few showers. the north, brighter but cooler. to the south with the weather front, warm and muggy conditions, 25—27dc. the warm air ebbs away towards the near continent from thursday onwards. something cooler and fresher across the north—west of the country which will spread to many areas during friday. this week, we are starting off on a cloudy and humid note. mid—week onwards, something brighter and showery, before turning fresher by the end of the week. hello this is bbc news with eleanor garnier. the headlines... rescuers are continuing to save and repatriate survivors of the floods in the southern indian state of kerala. almost 200 people have died in the last 10 days. many people are still trapped in the houses in many places. i hope they get their help very soon. we couldn't stay there any more. i am thankful to the people who brought us out of that. a million pound
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boost for the campaign for another brexit vote, after a donation from the co—founder of the fashion label superdry. the government says it will investigate allegations that british world war ii shipwrecks in asia have been targeted by scavengers. now on bbc news, money & power. and this week 5 programme profiles the lives of three entrepreneurs on their way back from the brink. they say that to be a successful entrepreneur, you have to experience failure. thomas edison, considered the greatest inventor of his time, went through 10,000 prototypes to make the light bulb. the business magnate henry ford twice filed for bankruptcy before he revolutionised the car industry. these three entrepreneurs have faced extremely tough tests. now they are starting again.
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it is not always easy to pick yourself back up. we needed to fire great friends. for me, it was the most difficult thing. failure can come with a lot of baggage. if i'm facing that same failure again, then will i be able to get over that again? like, maybe not. and the struggle to build a viable long—term business is fraught with challenges. i have no answers right now, and the stock, and no games and no idea what is going on. can they overcome the obstacles they face and turn everything around? seoul, south korea, a city powered by 10 million people and home to a young entrepreneur with big ambitions.
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for her, engineering is a man's world, but it's her passion. told that it wasn't an acceptable subject for her to study, she would sneak into her male friends' seminars at university. now 33, she is fighting to establish herself as an engineer. she wants to change the way we make electricity through portable water—powered generators. running water contains maybe the most efficient and stable energy resource, so if you have a great product to harness energy from the river, then that would be the most stable and successful energy resource for us. this is the product she came up with, a portable generator and battery driven by water. she says it will produce enough energy to power lights and charge phones.
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her fledgling company has started selling in korea, europe and the us, and now she is about to embark on an ambitious and risky expansion programme. by integrating multiple units, then it will be able to power more electric products to power homes and villages. if she can prove it is possible to scale up her units, she could substantially increase oui’ revenue. it all comes down to a crucial river test. but it's a gamble, and she has tasted failure before. five years ago, she was bankrupt. ten years ago, the sunglasses company absurda launched in brazil. its ceo had high hopes of making a splash in the competitive fashion world. but the business was brought
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under by counterfeits, which flooded the market. now, he has brought his company to america, where he hopes he can turn his fortunes around. he is in serious financial difficulty. this warehouse in miami is home to 14,000 pairs of unsold glasses. and rafael is down to his last few thousand dollars. to break even, we would need to sell around 1000 pairs of glasses monthly. in the average price of $70—$80, something like that. and we are selling around 200 pairs of glasses monthly. it is not easy to figure out now, because i prefer to think and to expect the best, and i know the best is yet to come, but i would say i have now two different possibilities of people to invest in the company.
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so i will know if they are going to invest or not in the next few weeks. rafael desperately needs an investor to make a success of his business in america. his wife and young son moved with him from brazil, but they are fast running out of money and options. they found support in miami's brazilian community and services at a downtown church. what is the biggest challenges you face right now? the biggest one? the biggest one i would say is to adapt here with my family. with the whole family, and everything. and maybe the business, and to figure out what to do nowadays. so everything is new and we are starting from scratch. i was 14 years old when we arrived here in miami. and i guess one of the biggest challenges, and i think every immigrant has, is you come with a mindset of how things are going to be,
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you come with a plan, you come with an idea. but when you actually arrive here, it is totally different. rafael has gone through a lot, but he still has faith that he and his business can be a success in america. this is a tv show that never got past the pilot. hey, check it out. it's the work of a small team led by the american—israeli entrepreneur miriam lottner. an experienced tech expert, she is passionate about encouraging girls to get into science and maths. when miriam's twin daughters were born, she began to worry there were not enough role models for girls in these industries. can't you see? i'm building a 3—d printer. sensing a gap in the market, she and a business partner created purple & nine. related to them is that they were real people that we brought along
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on a journey and i really believed that if we can get sort of a mass following behind us, if girls can meet and fall in love with them and these characters that we have developed, then it was clear to me that we were going to be on tv. hey, purple, check it out, look what you can make. seeing the artwork for the first time and watching the animations, it was life—affirming. it felt like, wow, these are characters that need to exist. listen, we'll figure this out. how hard can it be? we had all the scripts, we had ten essentially episodes already written and ready to go. miriam tried to raise crowdfunding support for her project. we went on indiegogo, our campaign was not successful and we did not raise the necessary 50% within the first three days, so that we knew that it was essentially over. and once you have failed on a crowdfunding platform, you're kind of closed out of institutional investors. it is little bit to have this big loser stamp on your forehead, like she did not even raise.
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in total, miriam lost $50,000 of her family's money. the days and weeks following, i'm pretty sure that i was hiding under the covers in my room. i was depressed, i was devastated, i felt like a complete loser. for some, $30,000 would be a joke, and for us, at the time, we were still young, our kids... our kids were young, so it was like college savings or how are we going to buy a house, etc? so that was, at this point, we could have bought a house with that money and we did not buy a house or apartment, and instead i have a tv show on youtube. now, miriam is back with a new business. she has developed a way to get children engaged by science and maths, releasing nine card games, all of which she says have sold out online. and she is expanding. the letters are all going to be straight. miriam and her designer are meeting
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to put the final touches to their latest game. i did not have a lot of resources, i remember, i think that first conversation i said that i do not have a tonne of money but here is my huge dream, right? i admired the fact that she was willing to put everything she had again into this new business. something that is special with miriam is the even though this business had not worked out, she had lost everything, she was not going to let that defeat her. she was ready to start something new and make something great. i am not sure i want so much to be an entrepreneur as i want to change the world, and that might seem like a huge goal with a bunch of card games. but my mother raised me to believe that women, girls can do anything, we can be anything, we can take risks, we can achieve anything that we want to. of course. that self—confidence can be easily shaken, though.
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and seeing a gap in the market does not guarantee success. in south korea, hyerin learnt that the hard way. now she spends every waking hour trying to make her current venture a success. when i see people having and spending their weekends like this, somehow i feel like i'm missing having that relaxed time with family and friends. i think about my schedule or days, i would not say it is well— balanced. her first business, an ambitious project to install a tidal project on the korean peninsula, received a $3 million grant. but while the plant produced energy, bureaucracy meant her company failed to connect it to the power grid. koreans are not really supportive
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to someone who has failed here. mostly they consider them, like, a loser. there was literally no one who supported me when i faced failure. just one year after the plant was installed, she was bankrupt. the business was wiped out. the project manager and the other people say, "i knew that you would fail because you are young, you are not an engineer." that is the answer that i always hear from people back then. and i agree about it. because it was true. she was 29 years old and $300,000 in debt. the pain of that time is still with her.
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i was so depressed. if i'm facing that same failure again, then would i be able to get over that again? like, maybe not. after her first business went bust, she was homeless. she spent two months sleeping in 24—hour restaurants while she planned how to pay off her debts and start over again. the current customers in north america care about environmental impact, but customers in europe care about that much more. now she is back in the business world with bold ambitions and serious investors. i think she is very exceptional. a startup is a tough journey for anyone. i think she is the entrepreneur
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and she is invincible. all the great achievements were started from very small ideas and big passion. backing like this is exactly what sunglasses entrepreneur rafael is hoping to find. he is meeting with potential investors who he needs to keep his sunglasses company alive. we are in the middle of those meetings. they are analysing the company and my plans to see if they are willing to invest. i do not want to talk of value, the lowest value. it is not about money, it's about a dream. the most important thing is to connect with people that the same values as mine. this is the first thing. i do not know anything about selling sunglasses, but from what i understood, it is an asset purchase. yes.
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and a pretty decent price. who are these people? my wife and my son. how old is he? 18 months. do you have kids? no. no? i think it is really viable and checking over so you can be aligned in terms of our assumptions and then we have a estimate of the numbers as they come into play. the variables that may affect the outcomes. the meeting lasts more than two hours. of course, you never know. people are people, things can change, but after this meeting, i seem confident that we are going to have a deal and i am dealing with great people, nice people. very smart people that will be great partners. for now, he is doing everything on his own, taking his glasses from shop to shop in the hope of making sales. i love to sell, it is something i love to do.
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but it is not easy when you are in a different country and selling a brand that nobody knows yet. sorry, i'm a bit late. that's ok. and it takes time in a new country with new brands. i feel like these are the most popular... when you are new in the market, you need to know if you are selling at the right price point. if the products are great, if the consumers are liking the product, the package, the whole experience. you need to have constantly this kind of feedback to get better. back in seoul, it is the night before the big product test. tomorrow's evaluation has been months in the planning. she has gone into the city for a drink with friends, a rare chance to unwind. there was a little problem
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from our factory to preparing the whole structure for installation for tomorrow's testing, so i keep having remote conversations with our team at the factory. her team tell her that conditions have changed and that has put the carefully planned test in jeopardy. six months of preparation, and her future plans are on the line. whenever something happened wrong, it is always easy to blame someone. i was always the target. sometimes it is really hard to give them an answer right back because this is my first time to do all this stuff. in israel, it's a tense time formiriam.
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because of problems with a manufacturer, her games business is in limbo. right now, i'm in a situation where we are out of stock on amazon, we are sold out in the us and our manufacturer has disappeared. what that means is that they have disappeared completely off the face of the earth, e—mails have gone unanswered, phone calls, we sent private investigators, chinese police and other investigators that we hired through the chinese investigators, and we have no answers right now. and no stock, and no games, and no idea what is going on. there are two things obviously in your mind all the time. one, that somebody stole your games and they are going to start selling to your distributors. and the other fear is they have absconded with my money and are selling my games, then i have lost maybe half a million in sales. but i will not know that until they show up on the street and go to the manufacturer.
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in this scenario b, then i have to still bring them to the manufacturer. because i do not have any information, i can't decide. it's like a crisis response team. but it's stilljust me, i make this decision, right? i'm out $500,000 worth of sales. rather, i'm not selling anything in the us or amazon because i have no stock, so i am missing out on sales. but we don't know what the result is yet because i do not know what the issue is. hey, how are you? how are you? good. this battle, thisjourney, this experience is exhausting. it is all—encompassing. the worst—case scenario is i lose everything plus i lose the money i had to start remanufacturing. it is hard to think about anything else, but at the same time, i know that if i sit and just worry i do not move and do not make a decision, then only bad is going to happen. to keep his business alive, rafael
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is starting to look beyond miami. i can drive, put everything inside my car and drive from miami to la, stopping in every city trying to sell to make working capital and launch new styles and keep alive. i would need to talk to my wife and she would need to be comfortable to have her husband travelling from miami to la. she's supporting me always. she says, "i truly believe in you and i am very proud of you. we are a family. we are going to be with you no matter what." so this is what gives me power to believe and keep going forward. back in south korea, hyerin needs to prove to investors
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that her idea for expansion works. if this test proves successful, it could be a game—changerfor her business. but that is still a big if. hyerin and her team were up all night trying to salvage the test after the unexpected change in conditions. but they couldn't agree on how move forward. we all had a big argument, but we all agreed that this testing is really important and we really need to succeed. we all learned how to lose the game. everybody has their own opinion and last night, like, maybe i learned how to lose and how to... i don't know... ijust let them do what they want.
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after the changes, the test can go ahead. her generators will be lowered into the han river in seoul to see whether they work together and how much power they can generate. i am looking at how two different types of insulation and structure works. so we are going to figure out how to build an initial guideline through this testing. there. yay. it works very well.
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there. i feel really excited to take another step. imagine they will install 100 units a year and all generating power. harness energy from this river. that would be really amazing. we can change the world even. hello there. the early morning rain cleared away to leave a legacy of cloud for this afternoon. a little bit of sunshine. it was humid for most of us, despite the lack of sunshine. tonight we hold onto a lot of cloud. across southern britain it will be quite a breezy to end the day. light winds further north will ease down during the night. we could see lengthier clear spells
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in central and northern parts of the country as the night wears on. temperatures could dip down to ten to 12 degrees. elsewhere 1a to 17 degrees where we hold onto the cloud. we are in between weather systems. this weather front straddling central parts of the country could give thick cloud and some light rain at times. this is the picture for monday. a lot of cloud. slightly lighter winds across the south. still fairly breezy across the channel islands and the far south west of england. some clear spells. mostly cloudy and humid. temperatures of 17 to 25 degrees in the south—east. for the cricket it looks like it will stay largely dry bar the odd drop of rain. as we head into tuesday a different story.
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a weather front pushing it to the north—west. this could bring showers or prolonged spells of rain. further south, we could see the clouds breaking up to give sunny spells. a fine day. another warm one. on wednesday the weather front slips south and weakens. it will be straddling central part of the country. to the north, something brighter but cooler. to the south of the weather front warm and muggy conditions. we could make 25 to 27 degrees. the warm air ebbs away towards the near continent from thursday. something cooler and fresher in the north—west. that will spread to many areas during friday. the message for this week is we are starting off on a cloudy and humid note. something brighter and showery by the end of the week. this is bbc news, i'm eleanor garnier. the headlines at five.
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rescue teams step up their efforts to try and reach thousands of stranded families in the indian province of kerala. many people are still trapped in their houses in many places. i hope they get help very soon. we could not stay there any more and i'm thankfulfor the people who brought us out of there. the campaign for another brexit vote receives a million pound donation from the co—founder of fashion label superdry. the government says it will investigate allegations that british world war two shipwrecks in asia have been targeted by scavengers. a large fire at an industrial estate near east midlands airport leads to the cancellation of trains around nottingham and sheffield.
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