Mobe Review :Make a Pitch Presentation
Mobe Review for financing – A lot of entrepreneurs have amazing startup ideas that have great potential. These are the kind of great ideas that actually addresses a need in the market and have more chances to succeed. Ideas that interest investors and inspire them to call you for a pitch. Unfortunately, for most, it only ends there, with the pitch. They fail to impress investors when pitching and end up losing a great opportunity.
The problem usually isn’t with the prepared pitch. Sometimes, its the presentation. A lot of startup founders have little experience in public speaking and presenting. Many have a problem with explaining their ideas well in front of an audience, especially if it’s of technical matters where the audience happens to be largely non-technical.
To present your ideas to investors in a style that will get you funded, you first need to be able to get a hold of their attention. Use the first few minutes to earn their attention for the next 20 minutes, which in turn will make them want to hear you out more. In those first few minutes, explain your idea in a simple and compelling manner that will make the investors want to partner with you. Use your presence on stage to assure them that not only is your idea worth funding, but you are also a solid character they can do business with.
Below are a few effective tips and tactics that will help you present your next pitch straight to funding.
Connect with Your Audience
The best way to present your pitch is by addressing your investors’ interests and connecting with them on an emotional level. Tell them an inspirational and relatable story that shows passion in your idea. This will make you stand out because your cause is attainable and shows promise.
Know Your Product
Emotional appeal can only get you so far. You must also prove that you know what you are talking about. You can’t convince anyone that your product is worth investing in if you seem unsure of it. Study every aspect related to the product prior to the presentation. Cover all the angles your investors might look at, and understand them well instead of just memorizing. Be ready to answer all sorts of questions in a detailed and knowledgeable manner. You will have only a short period of time to convince investors that your product is a “must-have,” and that leaves no time for mumbling and scratching your head.
There is no use of you speaking if your audience can’t hear you. Keep in mind that your voice, speech, and words must be clear enough to communicate your business proposal well. If investors can’t understand you, they’ll lose interest by the very first minute; and once you lose their interest, you are likely not to get it back.
Use Common Language
Chances are your possible investors might not even be in your business niche nor have the expertise you do. They will not understand the jargons and terminologies that might be common in your industry, and the last thing you want to do is alienate them. Use simple language, terms and common concepts they will be familiar with to make sure they clearly understand your pitch.
Audiences find a presentation that is all over the place very annoying, and investors don’t have time to try and piece together your points. Have a structured flow that explains the current market need, how your startup satisfies that need, and give proof that your startup solution is feasible. Do not bombard them with endless PowerPoint presentations and spreadsheets. Be precise and simple, about 10 slides will do, and make every slide count.
Provide an Exit Strategy
Investors are putting their money on your ideas in order to make profit. They will only provide financial backing where they see potential to make money. You need a strong conclusion that informs investors how they will get their money back. An exit strategy is what you need and it should be practical to show investors that the investment will result in profit and they will benefit from your idea.
The exit strategy is an essential part of a pitch which many entrepreneurs fail to propose to investors. Omitting this won’t make them see the benefits of your startup and they won’t venture to look further in your direction—so don’t forget to include this.
It is hard enough to get a meeting with investors; so when you have an opportunity to pitch, it is vital that you take advantage and make the best out of it. Pitching will always be a daunting task no matter how many times you do it, but with an amazing idea, a great business plan and lots of preparation, you’ll have a better chance of impressing the investors. When preparing for a pitch, always remember the above points so you could wow investors into giving you the financial backing you need to start or expand your business.