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10 Tips For A Successful Entrepreneurial Pitch - Business - Nairaland

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10 Tips For A Successful Entrepreneurial Pitch by Nlearn: 5:17pm On Dec 15, 2017
Millions Of People Have Dream But Lack The Capital To Get Their Dream Running.. So Get These 10 Tips for a Successful Entrepreneurial Pitch

You Can Apply Then To Your Entrepreneurial Career...and get that beautiful dream of yours up and running


You see? One of the hardest presentations to make is the entrepreneurial pitch. You have a great idea for 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, friends and family are heavily predisposed against you.

Why? Because 99% of the pitches they hear sound like sure-fire prescriptions to lose money! so 99% of the people who are supposed to help you succeed in your entrepreneurial career is entertaining fair of your ability to make it

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 are 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 Channels that has 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.


9. Tell prospects exactly what you are going to spend the money on.


10. Dress well, act confident, and put on the air that you don’t 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 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.

Source>>> Join University Of NairaLearn. Go Here https://nairalearn.com/ as we are about to drop another course, Title Project Management ( PM ) A Course Your Need To Get Your 2018 Right...
Enjoy......
Re: 10 Tips For A Successful Entrepreneurial Pitch by Abee79(m): 5:19pm On Dec 15, 2017
Cool
Re: 10 Tips For A Successful Entrepreneurial Pitch by nationidea: 1:15am On Dec 16, 2017
Nlearn:
Millions Of People Have Dream But Lack The Capital To Get Their Dream Running.. So Get These 10 Tips for a Successful Entrepreneurial Pitch

You Can Apply Then To Your Entrepreneurial Career...and get that beautiful dream of yours up and running


You see? One of the hardest presentations to make is the entrepreneurial pitch. You have a great idea for 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, friends and family are heavily predisposed against you.

Why? Because 99% of the pitches they hear sound like sure-fire prescriptions to lose money! so 99% of the people who are supposed to help you succeed in your entrepreneurial career is entertaining fair of your ability to make it

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 are 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 Channels that has 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.


9. Tell prospects exactly what you are going to spend the money on.


10. Dress well, act confident, and put on the air that you don’t 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 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.

Source>>> Join University Of NairaLearn. Go Here https://nairalearn.com/ as we are about to drop another course, Title Project Management ( PM ) A Course Your Need To Get Your 2018 Right...
Enjoy......

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My Advice
Always take risks especially once you can afford, try many things and you never know when the next big thing might emerge. Anyone who bought $10 worth of Bitcoin in 2013 will today have profited $60,000 in cash. For those who didn’t know about Bitcoin until now, well that’s okay but for those of us who were even offered free Bitcoin to sign up on some sites or had the option to get paid $100 or 100BTC for an article on sites like ListVerse.com that’s just painful.

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