The article "10 Tips for a Successful Entrepreneurial Pitch" talks about entrepreneurialism, it has been written by Timothy Walker.
One of the hardest presetnations to make is the entrepreneurial pitch.
You have a great idea for a businses and you want somebody 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 pitchnig investors to give you money for a new venture, you should subscribe to the following rules:1. Explain excatly 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 that business actaully DO? ”2. Tell your audiecne who your customers will be. Paint a vivid, speciifc picture of these people.3.
Explain why your custoemrs going to give you there hard-earned money.4.
Explain who your competitors are. (And if you say you have no competitors, that's a certain sign you are unsophisitcated and deserve no investment money! )5. Expalin why you are the ONE to make that 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. Epxlain 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 mnoey.
If all you do is ask for money, then you can’t complain if an investor gives you $3.25 for a cup of Strabucks coffee.9. Tell prospcets 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 birng 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.About the Author:TJ Walker is the worlds leading speaking coach, author of "Presentation Training A-Z." and "Media Training A-Z." He is the current host of http://www.Speakcast.Com and http://www.SpeakingChannel.Tv and can be reached at info@speakcast.Com. You can read more of his presentation and media tips at http://www.Tjsinsights.Com.Article Source: http://EzineArticles.Com/? Expert=Timothy_Walker
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