James Caan is following in the footsteps of fellow Dragons' Den star Peter Jones and launching his own business academy.
Last year Peter Jones opened the doors to his first Enterprise Academy, which is funded through a mixture of private and public sector money.
Unlike Jones' academy which is populated by young students, the James Caan Entrepreneurs' Business Academy is aimed at emerging entrepreneurs and existing small business owners.
"The problem with being the boss is you have no-one guiding you," said Caan. "Asking 'businessman friends' seems like defeat and you don’t want to admit you’re a novice. But everyone needs a helping hand. You may have heard the phrase 'Businesses don't fail, people do!'.
"5 per cent of being an entrepreneur is about the idea and mindset, the rest is about taking action and accountability.”
