Pitching your business can be a nerve-racking experience. We all remember the time, as children, when we had to make a presentation at school. Your hands would shake and your speech sounded wrong, all this, in front of a room full of people. Though years have passed, your body still acts the same. The only difference now is that you’re pitching your business to potential investors and have the future of your business in their hands.
Before you step up in front of anyone, you should know your business like the back of your hand. Create a business plan and have a clear vision of what you want to achieve. It took you time and effort finding investors, the last thing you want to do is walk out disappointed. Leave no stone unturned and you’ll give yourself a better chance of receiving your small business funds.
The Unique Selling Point
As well as the business plan you should be sure to tell the startup investors why your product stands out from the market competitors. This not only shows them that you know your competition, but how people can use your product. If the investors can relate to your idea you have a better chance of completing your objective.
Confidence and Charisma
We all know that if something looks good, the chances are that someone will take a closer inspection. Investors will be different and you’ll have to have more than just a good sales pitch. You’ll also have to be confident and have belief in the product. Without this, investors will see through you and refuse to put money into your company.
Know Your Audience
There’s no point pitching your business to investors if all you do is speak about the way it works. This isn’t a trade show, the investors want to know figures and how they’ll make money. By all means show them the product, but know your audience and reveal how this item can make both of you successful. Remember not to just make up figures on the spot, when questions are asked you need to back up the statistics.
Pitching your business to investors won’t be easy. You’ll feel nervous and have a feeling that something is missing. But as long as you have completed as much research as possible, and show confidence, then you give yourself a great chance to receive startup funding.
For more information on pitching your business contact the Winflow Financial Group and discuss your options with professional consultants.
At Winflow Financial Group, our consultants help entrepreneurs with our experience. Tell us about your business or investment today and find out how we can help your business save money and grow.