Another great show from the nation's favourite broadcaster is back at it for another season; Dragons' Den is back on the air and chock full of great startups, negotiations and some good laughs.

I highly recommend checking out the Dragons' Den website! You can watch past and current episodes (CBC is on the ball), read some of the blogs on there and check out the audition videos for these really innovative ideas.

From an entrepreneur's perspective, I think this is an amazing resource and totally worth checking out. It may give you some insights into your own business ideas and some reoccurring themes, angel and venture investor insights and business negotiations.

Watch Episode one here; what's the red thread that seems to run through these deals, good and bad?

Proper valuations - don't ask for too much; investors will laugh you out the door if you do (and you won't be able to negotiate your way back)

Sunk costs - if your business idea sucks, then concede to it and move on. You aren't doing yourself or anyone else a favour by relentlessly pursuing a bad idea

Substantiating advice - there's more value in the advice and experience of the Dragons than any amount of money could ever buy. The Kickspike founders saw this, but many don't. I think this goes to substantiate the need for many startups to have mentors.

Check it out now. And if you think you're at the point where you're ready to strike a deal, then watch some episodes of Deal or No Deal and taking considerable note of the psychology of dealmaking.