10 Tips for a Successful Entrepreneurial Pitch
TJ Walker gives you tips for having a successful entrepreneurial pitch.
speaking, speech, presentation, media, training, pitch, power
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 those 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 their 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.
eep pitching and keep improving your pitch and eventually, you may get funded.
10 Sure-Fire Steps to take the Fear out of Public Speaking
This article reveals 10 simple steps to minimise the fear of
Public Speaking. Find out how to make it so much easier and
do it a whole lot better.
Public Speaking, Fear, Presentations
Do you “feel the fear” when asked to do some Public
Public Speaking is still one of our greatest fears and it
turns grown men and women into nervous wrecks.
thought of it turns our tongue to cotton wool, causes our
internal plumbing to act up and turns our knees to jelly.
Well, there’s no need for all of this because help is at
hand. All you need to remember are your P’s and Q’s. Let’s
start with the P’s
When you sit down to write what you’re going to say, bear in
mind who you’ll be speaking to.
Will they understand what
you’re talking about; will they understand the technical
stuff and the jargon? If in doubt remember the old saying –
“Keep It Simple Stupid”.
Make sure that what you say has a beginning, middle and an
end. Think of some anecdotes that help reinforce your story.
People think visually so paint verbal pictures for your
audience. And always remember, people want to know what’s in
it for them – so make sure you tell them!
Have a look at the venue before the event if you can. It’s
not always possible, however, even if you get there half an
hour before, you can check out where you’ll be speaking.
Stand at the point where you will deliver from, imagine
where the audience will be and check that they can see and
You may even wish to place a glass of water where
you’ll be able to find it. Continue reading “10 SURE-FURE STEPS TO TAKE THE FEAR OUT OF PUBLIC SPEAKING — GENERATION XYZ”
5 Good Reasons a Self-Employed Professional Should Take Vacation
So you think you’re not justified in taking time away from your business because you’re self-employed? Here are five great reasons why you should definitely take a vacation.
business, self-employment, vacation, peace of mind, good business management
So you think you’re not justified in taking time away from your business because you’re self-employed? Here are five great reasons why you should definitely take a vacation:
1. Physical down time
You work hard to grow and maintain your business. Trying to be superhuman will certainly take its toll if you allow it to. Give your body a break by taking in some R&R.
2. Mental down time
Your days are filled with busy, sometimes even hectic, day-to-day activities related to your business.
If you don’t allow yourself to get away from it once in a while, your peace of mind and general well-being will most definitely suffer. Get out and play. Your mind will thank you! Continue reading “BABY BOOMERS GENERATION — 5 GOOD REASONS A SELF-EMPLOYED PROFESSIONAL SHOULD TAKE VACATION — CELEBRATE/REWARD YOURSELF”
4 Rules For New Entrepreneurs – Practical Tips For Starting Right
It’s a great time to be an entrepreneur—in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly.
You have an advantage over big businesses in that you’re lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.
But being a successful entrepren…CLICK NOW — START AN ONLINE BUSINESS — NO OBLIGATIONS
Product, sourcing, ebay, ecommerce, dropship, ebiz, entrepreneur, blog
It’s a great time to be an entrepreneur—in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution.
As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that you’re lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.
But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. START A BUSIINESS AND BECOME WEALTHY
Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise: Continue reading “MILLINEALS GENERATION — 4 RULES FOR NEW ENTREPRENEURS – PRACTICAL TIPS FOR STARTING RIGHT”