This time 10 years ago the general election was over, Blair’s New Labour was in government and we were being promised support for business and entrepreneurialism. Fast forward to today, and we’re looking at a “lost generation of entrepreneurs” (according to the Global Entrepreneurship Monitor released this week). Entrepreneurs and politicians need to kiss and make-up and sort this out – or we’ll lose more than one generation.

I’M SO GLAD it’s all over. The backstabbing, infighting, bitching and whining – and that’s only the TV journos covering the general election.

My personal highlight (it’s quite sad really, I know) was Peter Snow’s laser swingometer, wiping out little red, blue and yellow seats in “real time”.  I’m quite sure entrepreneurs the country over could do with their own version of the laser swingometer, wiping out difficult or lazy employees, or unsupportive bank managers, or even the entrepreneurially-challenged enterprise network in one fell swoop. We can but dream.

And dream I did. I dreamt that the laser swingometer wiped out Tony Blair’s Cabinet, forcing him to start from scratch – by appointing “Entrepreneurs with Portfolio” to run the country.

The Entrepreneurial Cabinet would be a real dream team, comprising the very best entrepreneurs with a myriad successes and failures under their belt. Each portfolio would be held by an entrepreneur with direct business experience in that field and the remit to be as creative as possible to run the portfolio as an independent business.

I figured that Tom Hunter should be Secretary of State for Education and Employment. Hunter, who invests continually – both personally and financially – into the education of young people in entrepreneurship, should be given the remit to blow our entire education system out of the water and do it properly.

I also thought that Linn Hi-Fi’s Ivor Tiefenbrun should hold the Trade and Industry portfolio. If you’ve ever heard Mr Tiefenbrun’s forthright opinions on manufacturing in this country, you’d understand why.

John Boyle, formerly of Direct Holidays, could take responsibility for International Development. He’s probably got enough air miles saved up to fly around the world bringing the very best ideas back here for implementation.

Wendy Hay, former Standard Life Investments fund manager, would definitely be Chancellor of the Exchequer. Now chief investment officer with a Dutch company, Hay will manage £34bn funds. I’m sure her experience in managing other peoples’ money would make her an ideal candidate for the job – previous Chancellors appear to forget whose money they are spending.

Ann Rushforth, a former nurse who now runs a huge nursing agency, could do wonders in the Health remit.  And John Morgan, whose performances at the Entrepreneurial Exchange events always attract a big crowd, would be a star as Chief Whip.

As you can see, I got quite carried away with this dream. I split the Culture, Media and Sport portfolio and appointed pop diva Sharleen Spiteri (Texas front woman and also Scotland’s highest paid female director) to take on the Culture role, John Hatfield (founder of the brand new UP magazine for entrepreneurs) to tackle Media, and Ally McCoist as Secretary of State for Sport. Coisty would have a very special remit, reporting directly to me of course (I can’t help the teenage crush I still have for Ally).

I decided we didn’t need a Minister for “Wimmin”. But I created a new portfolio to be held by Chris Gorman – Minister for Fun. Obvious, really.

I could go on for hours, I’m sure you could too. It was a bit of fun, looking at the potential appointments, deciding who should do what and why. I bet Blair doesn’t have half as much fun doing the real thing. For a start, he certainly doesn’t have the same range of quality people to choose from, and few of them have the creativity or direct business experience to bring to the table.

I don’t know how Blair will choose his new Cabinet. The same old way, probably, jobs for the boys, his favourites, rather than selection on merit.  The whole Cabinet recruitment thing could really learn from business.

Recruitment, retention and reward are crucial in success over your competitors, or their success over you. These three key factors are easily transferable into the world of politics. Blair needs to recruit the very best individuals he can find. Unfortunately he’s delving into a murky pool with plenty of frogs and very few Princes sitting on the lilies.

Retention. Motivation. Keeping your team enthusiastic and passionate and committed is the next step. Not much evidence of that ever, really, regardless of the political persuasion of the Cabinet.

And reward. In business, individuals are rewarded on performance. Maybe Blair should consider a performance related pay scheme for his Cabinet. Deliver the very best and be rewarded. Consistently fail to deliver and be encouraged to find another job.

Alternatively, Blair could steal my idea – I’m not precious about that – and appoint his own “entrepreneurial” cabinet. A Prime Minister that could make dreams come true? Now that would be a vote winner!