Uploaded on Jan 27, 2023
PPT on how to pitch a business idea
How to pitch a business idea?
How to pitch a
business idea?
You need to be knowledgeable
With your business idea in mind, it's time to
sit down and learn. You need a thorough
understanding of the industry you want to be
part of. If you don't know what you're talking
about, no one will want to invest in your idea.
Source: www.inc.com
Describe your product and services
Try not to focus on the idea of your business
too much. Many people who are starting a
business get so wrapped up in the idea of the
business that they fail to talk about the
product and services the business will
provide.
Source: www.inc.com
Discuss how you intend to attract
customers
You need a good strategy to attract
customers. Regardless of how good your
business idea is, investors won't support you
if you don't have a compelling way of making
your business desirable to the public.
Source: www.inc.com
Prepare a compelling visual
presentation
Humans are visual creatures. So don't just
tell your investors what your business is or
how they'll profit from it, show them. There
are many tools to create a visual aid to go
with your pitch. You could use a PowerPoint
presentation or an online platform.
Source: www.inc.com
Manage your time well
You should not spend too much time pitching
your idea. Thirty minutes should be more
than enough time for the pitch. Before asking
for a meeting with potential investors,
condense your information to fit in that time
frame; be brief, but comprehensive.
Source: www.inc.com
Know Who You’re Pitching
Some entrepreneurs try to get in front of
every investor, despite their industry
expertise or firm’s investment stage. You
need to consider that, when you accept an
investment, it’s about more than money; you
enter into a partnership.
Source: online.hbs.edu
Consider How You’re Presenting
Yourself, Not Simply Your Idea
Although your ideas and skills matter, your
personality is equally as important.
According to research published in the
Harvard Business Review, venture capitalists’
interest in a startup “was driven less by
judgments that the founder was competent
than by perceptions about character and
trustworthiness.”
Source: online.hbs.edu
Tell a Story
When describing your business idea, zero in
on the problem you’re addressing and how
you’re solving it better than the competition.
You could do this by presenting a real-life
scenario in which you describe the pain point
a current or prospective customer faced and
how your product or service fixed the issue.
Source: online.hbs.edu
Show the Roadmap
Although you’re in the early stages of your
business, investors want to know how they’ll
cash out in the end. To clinch your pitch,
highlight your exit strategy and the options
available.
Source: online.hbs.edu
THANK YOU
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