Coming Soon
Subscription Marketplace - Buy and sell subscription products and services
964 views
in Articles by

student-849825__340.jpg

One of the hardest presentations to make is the entrepreneurial pitch. You have a great idea for a business and you want someone to give you money to make it happen. The problem is that venture capitalists, angel investors, and even rich uncles are heavily predisposed against you. Why? Because 99% of the pitches they hear sound like sure-fire prescriptions to lose money!

If you are pitching investors to give you money for a new venture, you should subscribe to the following rules:

1. 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?”

2. Tell your audience who your customers will be. Paint a vivid, specific picture of these people.

3.  Explain why your customers going to give you there hard-earned money.

4. 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!)

5. Explain why you are the ONE to make this happen.

6. Give your presentation with confidence and enthusiasm. Investors want a founder/CEO to be a chief salesperson; they want to see that you can convince the world of your dream—not just them.

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

8. Ask for a specific amount of money. If all you do is ask for money, then you can’t complain if an investor gives you $3.25 for a cup of Starbucks coffee.

9. Tell prospects exactly what you are going to spend the money on (hint:a trip to Maui for you and your friends will not impress)

10. Dress well, act confident, and put on the air that you don’t really need their money, but would be willing to accept it if they bring enough to the table to be a strategic partner for you. Sad but true regarding human nature, but people are much more likely to give you money if they feel you don’t really need it.

Finally, make each pitch presentation serve as a focus group for your next presentation. When one group of investors asks you a series of questions after you pitch, write down all of those questions and make sure most of them are answered in your next pitch so that the next group doesn’t have to ask them. Keep pitching and keep improving your pitch and eventually you may get funded.

Please log in or register to reply to this topic.

Related topics

0 replies 986 views
posted in Articles by Conjursa
0 replies 894 views
0 replies 2,008 views
posted in Articles by GiftedWrecker
0 replies 954 views
posted in Articles by KeyboardPie
0 replies 2,213 views
0 replies 1,212 views
posted in Articles by BeautifulWolf
0 replies 908 views
posted in Articles by LoyalChief
0 replies 8,546 views
posted in Articles by nicejone
0 replies 901 views
posted in Articles by GrizzlyFlash
0 replies 2,262 views
posted in Articles by Knighttime
0 replies 1,332 views
posted in Articles by Herogue
0 replies 1,255 views
0 replies 1,611 views
0 replies 807 views
posted in Articles by CharmingChamp
0 replies 890 views
posted in Articles by GreedyPig
0 replies 832 views
posted in Articles by DreamBaby
0 replies 1,867 views
0 replies 1,247 views
0 replies 934 views
posted in Articles by FrighteningTwinkles
0 replies 801 views
posted in Articles by Dingopher
0 replies 1,667 views
0 replies 856 views
posted in Articles by Herogue
0 replies 1,377 views
0 replies 883 views
posted in Articles by MammothMoth
0 replies 1,024 views
posted in Articles by ShowDolphin
0 replies 1,056 views
0 replies 838 views
posted in Articles by Titank
0 replies 1,321 views
0 replies 987 views
0 replies 2,340 views
posted in Articles by Amigod
0 replies 974 views
0 replies 1,252 views
0 replies 1,254 views
posted in Articles by VirtualAssassin
0 replies 1,031 views
0 replies 971 views
posted in Articles by BouncyOracle
0 replies 1,083 views
posted in Articles by Camella
0 replies 2,822 views
posted in Articles by Hawkward
0 replies 1,504 views
posted in Articles by TrainedGuy
0 replies 1,338 views
0 replies 3,753 views
posted in Articles by GardenParrot
0 replies 1,018 views
posted in Articles by PositiveVoid
Connect with us:
...