Pitching your business to an investor or a group of investors, is very much like participating in a business context, where the more innovative and viable business gets the top prize — except the prize here is all the money that needed to make a business grow.
Prepare a well structured business plan
Although it is rarely needed to show your business plan at a business pitch presentation, having a good business plan will keep you on track. This is because a business plan should cover all analysis of your company, and serve as a better basis that makes you prepared for any questions that the potential investors might have. The financial reports and forecasts in a business plan is typically what most investors are interested in, and the entire business plan also served to back up those numbers, if questioned.
Link your business to investor’s background and interests
You may or may not know the background of the investors beforehand, but wherever possible, link your business to their background, or areas of their interests. This is because venture capitalists, although are in general willing to take more risks, still prefer investment in some specific areas than other.
If your product is ready for the market, make some revenue before going to this business contest
Just like any other presentation, it is much easier to let numbers speak for themselves at a business pitch. Therefore, it is always better to show some numbers than forecasting the revenue out of theories. It is understandable that start-up companies with limited budget for marketing campaigns don’t make great sales numbers. As a proof of market acceptance, it is essential to have sales before your business pitch.
Now you are a step closer to pitching your business to an investor. Check out pitchyourbusiness.ca today for your chance to meet a group of venture capitalists in confidence and discuss about your business adventure.
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.