How to Pitch Your Business Idea Like a Boss
Pitching your business can be scary. So how do you craft a great pitch that is not too salesy, boring, or pushy, but just the right amount of engaging, promising, and compelling? These four proven pitch points will certainly give you an edge and make you stand out from the others.
Pitching your business can be scary. Get it right and you can unlock endless doors of possibilities, get it wrong and not only will you most likely close the door, but you’ll be leaving with a battered ego, and crushed self-esteem.
So how do you craft a great pitch that is not too salesy, boring, or pushy, but just the right amount of engaging, promising, and compelling? These four proven pitch points will certainly give you an edge and make you stand out from the others.
1. Understand the Market: This is the ultimate in pitching your business as you want to show your investors that you understand the market landscape and you can also prove that there is an interested market for what you are offering.
2. Know your Product/Service: How great is the product or service you are offering? The investor may see your passion but they also need assurance that your target audience would buy what you are offering. Nobody wants to invest their money in something they’re not sure will be successful. To ease any worries, have results from a sample group, survey or any statistics to boost their confidence in your product or service.
3. Can your Business Grow?: It would be disappointing to water and nurture a promising plant only to see it wither. The same way no investor wants to “water and nurture” a business and see it collapse. To convince investors, show a clear roadmap detailing the opportunities for your business and demonstrate a clear understanding of your business model.
4. Talk about the Money: Don’t shy away from talking about finances, say it loud and proud. After all, it is the elephant in the room and why you’re there. With confidence, explain why you need the money and show what the money can do for your business. It is important to also share at least a 5-year financial projection and results to prove why you’re worth the investment.
Don't forget to practice your points and don’t be too hard on yourself. See each pitch as a learning experience that will only make you better and better.
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