10 Ways To Have A Great Entrepreneurial Pitch

One of the hardest presentations to make is the entrepreneurial pitch

. When you have a great idea for your business, you want to make it happen so you need someone to give you money. But angel investors, rich uncles, and venture capitalists are all predisposed against you and this could be a problem. Why? This is because about 99% of the pitches they hear are sounding like ways to which they can lose money.

Subscribing to the following rules is what you need to do if you are pitching investors to give you money for a new venture.

Explain exactly what your business is within the first thirty seconds. Many entrepreneurs waste valuable time giving loads of data, background and other info all the while investors are left scratching their heads thinking "What does this business actually DO?"

Tell your audience who your customers will be. Painting a vivid and specific picture of these people is a good idea.

Why your customers will be give you their hard-earned money is another thing you need to explain.

Explain who your competitors are. (And if you say you have no competitors, that is a certain sign you are unsophisticated and deserve no investment money!)

Also explain why you are the person that can make this happen.

Be confident and enthusiastic when you are giving your presentation. A founder/CEO is who the investors want to be a chief salesperson and they want you to be able to convince the rest of the world of your dream.

Explain what star you can hitch a ride to. Let them know if Radio Shack or Best Buy has agreed to distribute your new product. Investors feel much more comfortable knowing you have an established player willing to distribute your wares.

Asking for a specific amount of money is a good idea. If all you do is ask for money, then you can't complain if an investor gives you less than what you were expecting.

When you tell the prospects what you are going to spend your money on, make sure it's not for a trip to Maui because this will definitely not impress them.

It would be a good idea to put on the air that you don't really need their money, dress well, and act confident even though you would be willing to accept it if they bring enough to be a strategic partner for you. The truth when it comes to human nature is that if people feel that you don't really need the money, then they would more likely give it to you.

Serving as a focus group for your next presentation is your pitch presentation and this is an important thing to remember. Write down the series of questions that the group of investors asked you after your pitch and to avoid the next group from asking the same questions, you need to make sure that most of them are answered in your next pitch. As long as keep pitching and keep improving your pitch, you may get funded eventually.

by: Julia Legrand

POST COMMENT

Increase Property Value With Conservatories In York Purple Nail Polish - The Benefits Of Using Nail Polish Installing Conservatories In Dewsbury Is Easier Than Ever Before How To Replace A Laptop Screen Guild Wars 2 Should Not Go With The Conventional Benefits Of Knitted Garments Electric Light Bulbs Versus Halogen Bulbs Determining The Right Correspondence Courses Event Planning Edmonton: 5 Ways To Make An Event Perfect Camcorders For Beginners Bestech Park View Grand Spa - The Grand Complex Luminous 800va Sine Wave Reviews The Best Inverter Finding Options To Your Relationship Problems