Why you must practise your pitch
Are you looking to grow and develop your startup? Want to attract investors and potential funding? Have a great idea for your startup that needs to be shared? A business pitch can help you sell your company to potential investors.
But a pitch has to sound good, include important information, be persuasive and have accompanying documents. Most importantly, it would help if you had a clear and innovative idea when pitching to investors or clients.
Remember you cannot rely on just your information and data alone - how you present this is also just as important.
You'll need to go one step further to be a great speaker. Think about how you want someone to feel and the actions you want them to take following the pitch session. Investors love to watch and listen to someone who loves what they do.
According to a study from SOAP Presentations, 55% of the effectiveness of pitch presentations is determined by non-verbal communication.
38% is the sound and tone of your voice. Only 7% is determined by content.
90% of pre-pitch anxiety arises from a lack of planning. We want to change that. And if you're going to deliver a compelling and captivating pitch, you must remember to practise it too.
So where do we come in? Here at biznesfunding, we offer a pitch practice programme to help business owners deliver an effective pitch. We provide world-class resources, training, advice, and guidance from business mentors to make pitching easier. We'll help you structure your pitch, how to present it in a written document (e.g. elevator pitch), how to time yourself accordingly, tone of speech and body language, and much more.
Techniques to practise startup pitch
No false information
Learn and practise your script
Make sure you know it by heart
Record or film yourself delivering the pitch
Time your pitch to ensure you deliver it in the allocated time
Pitch to others
Practise to friends, family members and colleagues
Answer potential questions
Ensure you know how to answer questions inventors may ask you
Tips for an effective pitching session
Know your audience
Understand the types of investors you are pitching to
Know your competitors
Be aware of the market and who you are competing against
Know your revenue or business model
How will your business make money?
Tell a story
Describe a problem using a real-life scenario and how your business can solve it
Show your success
Highlight your companys achievements
Introduce your team
Who are your colleagues, and what skills do they have?
Show the roadmap of your business
Show the journey your business plans to take, including an exit strategy
Need more help?
That's what we're here for. If you need additional training and advice in your fundraising journey, contact us by clicking the button below. We'll be happy to advise and see your startup succeed.