As a small business owner, you may have to make many pitches to potential investors or lenders to fund your business. The pitch you use may very well be the difference between your business succeeding or not. As professionals, how many investment bankers would you say you have pitched your business?
If your story is not framed properly, you may find an investor or lender may lose interest quickly. Your pitch can be full of errors, tricky word usage, and even meaningless phrases that make you look more like an incapable or even lazy individual.
You can bet that you do not want that to happen. To make sure you are written and “in control” of your business, you need to include some basic facts about Human Resources or some kind of accounting background. If you are not experienced with the local area, then consult a local accountant for a few examples. If you are experienced, you may want to include a few charts or tables for them to use so they can see if they can place themselves onto your brain through your pitch.
After you are finished with your pitch, you will want to get the attention of a few people in your area or find someone with expertise in the area you wish to pitch your business to. If you are offering a product or certain service, you should spend a few days networking locally to try and find the right people to talk to.
With both successful pitches and pitches which are completely wrapped up in flowery language, you may find yourself being drawn into endless frustration. Failure can come in many ways but either way, you should learn from your mistakes and improve yourself in future pitches.
This article may help you prepare a good pitch for your next pitch. In order to offer your business a greater chance of success, you should take a look at these areas:
Budget: Your Budget is a primary tool from which you can build your pitch. Some businesses can assume a customer will support them on their first sale. While this may be true, it is important to create a pitch that shows your potential customer that you can be successful in the first year and month, and you are willing to do what it takes to make it so. This is called a well-thought-out plan.
The first thing you need to do is figure out what you are actually selling. If you are selling a product, determine exactly what you want to sell with your business and how much you intend to sell. If you are selling a service, what will you charge to deliver results, and how much will you earn from the work you do? Everything you need to know should be in your pitch, but it is a good idea to go over it with a few quotes, remove any learning curve issues, and bring in your expert to debug any issues close to what you could see in person.