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A Sharp Pitch Critical for Entrepreneurs Seeking Funding

A Sharp Pitch Critical for Entrepreneurs Seeking Funding | Starting your own business | Scoop.it
A new study published online in Entrepreneurship Theory and Practice demonstrates the importance of presentation skills to the success of entrepreneurs seeking funding from potential investors.

 

The study says common characteristics of a strong pitch included:

Skilled storytelling: Tell a story about why your startup idea came about. What is that space in the market that is empty and how your idea can fill that space. For social and eco-entrepreneurs, usually this is the easy part as the foundation is already there, but weaving that information into a convincing narrative is crucial.

Thorough command of the details: Develop a complete business plan and flesh out all the different aspects of your idea. If you are not in command of your idea how can anyone else be?

Believability: The belief that entrepreneurs have in their own idea comes through in a pitch or presentation. Either you are sold or not and this can make or break your presentation. Do you believe your idea is the best thing since sliced bread? If yes, there are higher chances that your investors will think so too.

Authenticity: There is no substitute for authenticity. Your passion to do something better shines through setting your idea apart from the other “also ran”.

Strong preparedness: Entrepreneurs who have a great idea and can back it up with sheer preparedness obviously are picked. It helps to throw on a number of hats – finance, marketing, technology to show you have all the information to make your idea into a viable business.

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Perfecting Your Pitch - Entrepreneurship

Perfecting Your Pitch - Entrepreneurship | Starting your own business | Scoop.it

In order to stand out, create a pitch that allows you to express your passion and make sure that you communicate the unique selling point of your offer. Remember the importance of making a great first impression, since you only have one chance to make one. Also, you may only be able to present your pitch and convince your most important investors, clients, or supporters once, so it’s vital that it is as close to perfect as you can make it the first time around. This is your chance to shine and persuade them that you and your product or service can benefit them in new and even unexpected ways.

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Eleven Notes for the Perfect Entrepreneurial Pitch

Eleven Notes for the Perfect Entrepreneurial Pitch | Starting your own business | Scoop.it

Pitching is a very different beast: often centered on monologues in front of judgmental audiences with high stakes. So for many entrepreneurs, new or experienced, it can be an uncomfortable and unfamiliar situation, making it tough to be your best.What’s worse, you can have the best idea, the best solution to a huge problem, and if you’re not able to clearly, memorably, and convincingly communicate that, you’ll have a big challenge getting anywhere. Here are eleven big things to think about as you prepare your pitch.

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