What Is A Business Plan?

What is a business plan?

A business plan is a detailed description of your company. It explains what your company does, how things are going and what your future plans are. A business plan can be as long as anywhere between 10 and 100 pages.

A business plan usually has two functions:

  1. You send it to investors, to give them information about your company
  2. You can use it later as a reference guide for yourself, to see if you’re still on track

How Can I Improve My Pitch?

How Can I Improve My Pitch?

The simple answer to this question would be: practice a lot.

Before you dive into practicing your pitch, first make sure you did the following things:

  1. You created a clear outline for your pitch
  2. You designed awesome slides for your pitch
  3. You know how to use your body language in your pitch

 

When you checked those boxes, it’s time to start practicing.

In summary, there are 9 steps you should follow to practice your pitch.

  1. Read your text
  2. Cover your text and replicate it in your head
  3. Practice your text out loud. Use a voice recorder to see how you are doing
  4. Add your speaking legend. Practice your pitch with the right intonation, volume and silences
  5. Practice in front of a mirror
  6. Practice in front of the camera of your phone
  7. Watch the video to see where you can improve
  8. Watch the video without sound on to see where you can improve
  9. Show the video to a friend or colleague

If you want to take your practicing to the next level, you should read the full article on how to practice your pitch.

Read the full article here: This Is How You Practice Your Pitch In 9 Steps

How To Make A Good Pitch?

How To Create A Good Pitch?

 

1. A good pitch has a clear structure.

A good structure helps you to keep the listener on the edge of his seat right from the beginning, straight to the end.

 

You open the pitch with a shocking opening, followed by the problem and the solution.

Then it’s time explain how you generate revenue with the business model, why your team is able to do this and lastly you ask the listener to do something in your call to action.

Click here to read more about the structure of a pitch.

 

2. After you created your structure, it’s time to design your slides.

Click here to read more about designing your pitch slides.

 

3. After your created your slides, it’s time to practice your pitch.

Click here to read more about practicing your pitch.

Is It Possible To Pitch Too Early?

Is It Possible To Pitch Too Early?

You can never pitch too early. Some might say that you should wait to pitch your idea until you have a patent on it. But trust me, getting a patent is way more complicated than you think and costs way more money than you’d expect. Also, it takes more than just the idea to grow your company. Even though somebody they might hear your idea and plan to copy it, the chances that they will actually execute it are close to zero.

Now let’s dive into the advantages of pitching:

  • Get better social skills
  • Increase your network
  • Get new customers for your company
  • Get potential partners for your company
  • Get an investor for your company

 

Here’s the article which goes further into this topic: When and Why You Should Be Pitching

What Is The Difference Between A Pitch Deck And An Investor Deck?

What Is The Difference Between A Pitch Deck And An Investor Deck?

There is no difference between a pitch deck and an investor deck. They are simply two definitions with the same meaning.

Some people mix up a pitch deck with regular pitch slides. Regular pitch slides include a lot of visuals and are usually less detail orientated.

A pitch deck or an investor deck describe summarize your company, but should include a lot of details.

Which slides should I include in my pitch deck / investor deck?

  1. The name of your company, and what do you do?
  2. The Problem
  3. The solution
  4. Milestones
  5. Business model
  6. Market
  7. Competition
  8. Financials
  9. Team
  10. Investment

What Is An Investor Deck?

What Is An Investor Deck?

An investor deck can also be referred to as a pitch deck.

An investor deck is a number of slides which summarizes your company. An investor deck is not something you present, but rather something you send to potential clients or investors. Because of this, you should make sure that the investor deck includes all the information required, since you can’t add information during a presentation.

What should be included in a pitch deck?

The most common slides to include in your investor deck are these 10.

  1. The name of your company, and what do you do?
  2. The Problem
  3. The solution
  4. Milestones
  5. Business model
  6. Market
  7. Competition
  8. Financials
  9. Team
  10. Investment

 How long should an investor deck be?

An investor deck is usually made in PowerPoint, Keynote or Prezi and include somewhere between 10-20 slides. We recently did a study which shows that the average investor deck has 19,25 slides in it.

 

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