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5 Challenges Women Entrepreneurs Face — And How to Overcome Them

5 Challenges Women Entrepreneurs Face — And How to Overcome Them | Pitch it! | Scoop.it

Each year, more and more women set out on the journey to become successful founders and CEOs of their own companies. While these business-savvy ladies are inspirational to women with dreams of launching a startup, entrepreneurship remains a traditionally male-dominated territory, and there are still some significant obstacles that many female business owners have to face. Here are five of the biggest challenges of women entrepreneurs today, and how to overcome them.

To read the full article, click on the title.


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Marc Kneepkens's insight:

Good article that addresses some real problems to overcome for women entrepreneurs.

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5 Mistakes to Avoid When Seeking Startup Capital

5 Mistakes to Avoid When Seeking Startup Capital | Pitch it! | Scoop.it
Give your business idea its best chance to grow without risking your personal finances.

You could have an incredible idea for a new product, technology or business, but without capital, it will never be more than just an idea. Unless you have access to a pile of money that you have been saving for a rainy day, you have two options: You can attempt to bootstrap your growth or you can raise capital.

I’m a huge fan of bootstrapping, and it can be a viable option if you are extremely cautious when it comes to expenses, if you have a little seed money and if your business concept will generate cash flow early. 

If bootstrapping isn’t a good fit, then you need startup capital, which can be secured from several sources. While every funding option has pros and cons, there are certain mistakes you need to make sure you avoid when seeking startup capital, like the five outlined below. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“Hey Dave!
I bought one of your business planning templates and have been receiving your emails and videos for a few months now…
I just wanted to say thanks for cranking out such amazing work!
You're doing an incredible job, and I know entrepreneurs everywhere are benefiting from it!
Please, keep it up!
Wishing you all the best!”
Colin Pape
President
ShopCity.com, Inc

Marc Kneepkens's insight:

Avoid mistakes, be prepared, be warned.

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When is the best time to pitch an investor?

When is the best time to pitch an investor? 

I was moderating a VC panel a couple of weeks back, and we talked about the best way to get an investor’s attention.  One of the panelists said, “Well, the worst way is to bombard me at an event.”  And the more I thought about it, the more I disagree.  

When I was an entrepreneur, I don’t think I had any sense just how busy most investors are.  I guess I just thought they all sit in cushy chairs all day and sip tea and hang out at the Rosewood on Sand Hill.  (ok, maybe some investors do) ... Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“I have been receiving “Growing Your Empire” (Growthink) newsletter for about a year, and I appreciate the advice that you have been sharing on entrepreneurship - I have leveraged the information you’ve provided many times.”

Alex Stolyar

Marc Kneepkens's insight:

A busy #VC explains how to get your foot in the door....

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How to find investors for your start up?

How to find investors for your start up? | Pitch it! | Scoop.it
How to find investors: why investors don't respond to your messages!

Why is it that when you send an email or a message (on Linkedin for example) to an investor, they never seem to answer. Sometimes funding seekers ask around in their Linkedin groups. It just seems like everyone else seems to be in the same boat. There might be a few very good reasons. Here are some blunt answers. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“Rather than the typical client/vendor relationship I'm used to, Growthink has been more like a strategic partner and trusted advisor. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. They have exceeded my expectations in every way possible during this exciting but uncertain time of starting & ultimately growing my business.”

Jerry D. Erickson

President/CEO

FryBrid Cars

Marc Kneepkens's insight:

Requests for funding are sometimes unreal. You really want millions of dollars at 1% or 2% interest rate, without spending any money on a decent #BusinessPlan, no upfront fees, several years before starting to pay it back, etc.? Tell me, give me your bank account number, I'll wire it to you immediately!

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Marc Kneepkens's curator insight, April 11, 6:02 PM

No responses to my funding requests?...

Rescooped by Marc Kneepkens from Just Story It! Biz Storytelling
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Successfully Delivering Your Story: The Ultimate Startup Investor Pitch Deck

Successfully Delivering Your Story: The Ultimate Startup Investor Pitch Deck | Pitch it! | Scoop.it

After 14+ years of writing hundreds of investor pitches that raised hundreds of millions of dollars — here’s the winning formula! When you see about 50 pitch decks a week over 14 years, you see A LOT of repeat mistakes. And when you fix these decks, you see many successes.

People ask me: “How many slides should the deck have?” Or they’re sticking to a template that forces them into something that just doesn’t work.

So is there one “right” way to do a pitch deck? I think so! But if everyone uses the same method, won’t they all look the same? The answer is a resounding no! Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb


Via Karen Dietz
Marc Kneepkens's insight:

Excellent article on how to weave your 'story' in your pitch deck and all elements of your presentation.

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Karen Dietz's curator insight, April 4, 1:30 PM

What a great pitch deck that follows the structure of a story!

 

We've known for quite awhile that when pitching your company to funders, you've got to tell your story -- of the problem, solution, your biz plan, benefits, etc.

 

But how do you put it all together using narrative structure? Well, here's your easy to follow guide. After reviewing dozens of these over the years, this one will definitely work for you and bring in those bucks (as long as your product, solution, benefits are spot on).

 

Happy fundraising...

 

This review was written by Karen Dietz for her curated content on business storytelling at www.scoop.it/t/just-story-it. Follow her on Twitter @kdietz

Dennis Swender's curator insight, May 20, 6:25 AM
A content creation package for multiple venues
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How To Create A Great Investor Pitch Deck For Startups Seeking Financing

How To Create A Great Investor Pitch Deck For Startups Seeking Financing | Pitch it! | Scoop.it
Pitching to investors can be tough, so it’s important to nail your presentation. Learn do’s and don’ts for an investor pitch deck as well as the most important elements it must include.
Startups frequently prepare a “pitch deck” to present their company to prospective angel or venture capital investors. The pitch deck typically consists of 15-20 slides in a PowerPoint presentation and is intended to showcase the company’s products, technology, and team to the investors.

Raising capital from investors is difficult and time consuming. Therefore, it’s crucial that a startup absolutely nails its investor pitch deck and articulates a compelling and interesting story.

In this article, I provide important advice for creating a strong, thorough, and engaging investor pitch deck, along with guidance on presenting to angel and venture capital investors. I also provide links to sample pitch decks you can check out for reference as you begin the process of building your own. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

 

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Marc Kneepkens's insight:

The ABC's of creating a #PitchDeck for #Startups.

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The (near) Perfect SCAM

If you are looking for funding, please read this and share it with your contacts.

Looking for funding? Here is a real and serious warning. Scammers are getting better, more sophisticated and incredibly creative.

Here is a short introduction. As founder and manager of the website Business-Funding-Insider.com, with hundreds of new visitors daily from all over the world, my site is a juicy prey for the scam community.

I allow people to post their #funding proposals for free, and I also invite funding sources to do the same, for free.

My daily task is to go through the comments and submissions before allowing them to be published on the site. I have to do this, because if I allow posts without reviewing them they are being bombarded by funding offers from #scammers. Every day.

Read more here: https://www.linkedin.com/pulse/near-perfect-scam-marc-kneepkens

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Must read when looking for funding

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WTF is a funding round?

WTF is a funding round? | Pitch it! | Scoop.it
You see it on TechCrunch all the time: company X raised $X million at $X valuation. But if you don’t work in venture capital or finance, you might not know..

So, we’ll break it down for you.

 

 

Get your Free Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

The basics of #fundraising for #startups

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Term Sheets and LOIs – Startup Traction (by NextView)

Term Sheets and LOIs – Startup Traction (by NextView) | Pitch it! | Scoop.it

When a VC invests in a startup, the two parties usually sign a term sheet that lays out the major terms of the investment round. This is usually followed by several weeks or longer of legal due diligence. 90%+ of term sheets result in a closed deal that is more or less equivalent to what was discussed. We have never signed a term sheet that we did not follow-through on, and that is not at all uncommon in venture investing. In almost all cases, when a term sheet doesn’t result in a deal, it’s because of the investor feels like there was some form of indiscretion on the part of the company, or something catastrophic has happened in the outside world or to the partner or fund itself.

In the M&A process, an LOI feels an awful lot like a term sheet. It is a simplified legal document that lays out the relevant terms of the transaction. Usually, the buyer seems very excited to get a deal done and shows a ton of conviction, just like the VC investor.

But LOI’s are not like term sheets. The close rate on LOIs is lower, and the frequency with which a deal is meaningfully renegotiated after an LOI is much higher. Also, you will realize that the minute you sign an LOI, you have lost all negotiating leverage with the other party. All LOIs have an exclusivity period, which means that you will turn off all your other options (and if you go back to them later, they will know it’s because a deal blew up). The acquisition probably means more to you than it does to the other party, so you will be negotiating from a place of relative weakness. Also, the loss of focus and legal costs will end up being a greater burden on you than the other party as well. Read more: click image or title.

 

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

FREE Business Plan Template here: http://bit.l/1aKy7km


Via marcduke
Marc Kneepkens's insight:

Excellent look at #term sheets and #LOI 's. Need to know.

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How to Calm Your Nerves Before a Big Presentation

How to Calm Your Nerves Before a Big Presentation | Pitch it! | Scoop.it
Your audience doesn’t have to know you’re shaking on the inside.

It’s not easy getting ready for a big presentation. The stakes can feel high, and in our desire for things to go well, the anticipation builds. Fear, anxiety, or even paralysis can kick in. What can you do to calm your nerves when this happens? Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

 


Via Ariana Amorim, massimo facchinetti
Marc Kneepkens's insight:

Tips to control your nerves.

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10 Executive Tips on How to Make a Lasting First Impression

10 Executive Tips on How to Make a Lasting First Impression | Pitch it! | Scoop.it
Like it or not, people make snap judgements about you all the time. Here's how to make sure they're positive ones.

Whether it's a sales call, an interview, or chance meeting with someone you may want to know better, there are things you can do to leave a positive and lasting impression. Check out these quotes from executives who give their advice on how to do it. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km


Via Sandra Brevett
Marc Kneepkens's insight:

First impression is very important, in business and in life.

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How to make a presentation interesting?

How to make a presentation interesting? | Pitch it! | Scoop.it

In this article, we'll teach you how to make a presentation
interesting, from planning your story to creating your slides. 

There’s a lot going into creating a compelling presentation. From planning to creating and delivering, and you should tackle each process accordingly. In this post I’ll refer to the first two parts, planning and creating; you can check this article for some great delivery tips. Read more: click image or title.
 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Done for You Business Plan: http://bit.ly/12KAGmM

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!


Via Slidebean
Marc Kneepkens's insight:

#Slidebean knows how to make #presentations.

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Slidebean's curator insight, October 3, 2016 5:18 PM
Make sure to cause an impact with your next presentation using professional storytelling!
 
Rescooped by Marc Kneepkens from Lean EntrepreneurshiԀPassion
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5 Steps to Raise Startup and Expansion Capital

5 Steps to Raise Startup and Expansion Capital | Pitch it! | Scoop.it
These universal steps make capital goals reachable for an entrepreneur in any industry.

What is the one thing that stops many potential entrepreneurs from chasing their dreams?

Money. 

Not everyone can secure a business loan -- or wants to put his or her personal assets on the line -- and the majority of startups never receive a dime from VCs. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

or "Done for You Business Plan": http://bit.ly/12KAGmM

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!


Via Oliver Durrer
Marc Kneepkens's insight:

Some really good ideas.

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Startup Pitch Decks that raised over $400M

Startup Pitch Decks that raised over $400M | Pitch it! | Scoop.it
A collection of real pitch decks from real startups. In total, these decks have raised over $400 million. Use these pitch deck examples for inspiration.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Great examples from #pitch #decks that produced real #funding

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How to pitch to VCs and angel investors as a tech startup. 11 tips from founders

How to pitch to VCs and angel investors as a tech startup. 11 tips from founders | Pitch it! | Scoop.it

Learn how to make even the best investors interested in your business. Emerline interviewed 4 different startup owners and asked to share their secrets!

"Pitching to investors is just like dating but you only get access to their LinkedIn profile whereas they get to see you naked and your bank balance. All the mind games still apply. You need to play hard to get to make yourself more desirable and you can't seem desperate. You will meet lots of people and it is easy to get distracted with investment offers that aren't right but you have to stay strong and wait for 'the one'."

Elyse Daniels, CEO of ExodusWear Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“Hey Dave!
I bought one of your business planning templates and have been receiving your emails and videos for a few months now…
I just wanted to say thanks for cranking out such amazing work!
You're doing an incredible job, and I know entrepreneurs everywhere are benefiting from it!
Please, keep it up!
Wishing you all the best!”
Colin Pape
President
ShopCity.com, Inc

Marc Kneepkens's insight:

#Pitching #investors is a learning experience. This article illustrators how several #startup #founders went about it. Great stories and good advice.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

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Marc Kneepkens's curator insight, May 15, 10:28 AM

#Pitching #investors is a learning experience. This article illustrators how several #startup #founders went about it. Great stories and good advice.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

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Reading Your VC Pitch Meeting

Reading Your VC Pitch Meeting | Pitch it! | Scoop.it

I’ve come to realize that many – most – entrepreneurs suck at reading pitch meetings. Frequently what I hear from a company CEO is completely uncorrelated to what I hear from the 

VC they were pitching. In thinking about why this is, the answer is actually relatively straightforward:

VCs are predisposed to give good meetings. AND By being equivocal at the end of a meeting they preserve maximum option value. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“Rather than the typical client/vendor relationship I'm used to, Growthink has been more like a strategic partner and trusted advisor. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. They have exceeded my expectations in every way possible during this exciting but uncertain time of starting & ultimately growing my business.”

Jerry D. Erickson

President/CEO

FryBrid Cars

Marc Kneepkens's insight:

Pitching #investors or a #VC is similar as making a sale. Be clear, allow the other party to respond, ask for a response, close. In this case, follow through with the purpose of your presentation, get feedback.

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The Two Factors That Make Male Angels And VCs Interested In A Female Founder's Pitch

The Two Factors That Make Male Angels And VCs Interested In A Female Founder's Pitch | Pitch it! | Scoop.it
Winning funding means looking like a leader, even when you don’t look like the angel or VC you are pitching. Here’s how to do it.

...

The program is based on what has been proven to work. It provides an opportunity for female founders to:

  • Master the skills necessary to be a successful entrepreneur.
  • Understand the importance of persistence and grit.
  • Network with and learn from female role models who have succeeded.
  • Build a community of peers who support you in good times and bad as well as hold you accountable.
  • Learn how to benefit from failure.
  • Strengthen founders’ belief that they can do this.
  • Learn how to test the viability of the product in the market....

Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

Marc Kneepkens's insight:

"Pitching is a critical skill for entrepreneurs. It’s an opportunity to persuade angel and venture capital investors of your company’s investment potential. However, the truth is that no matter how good your idea, it is the entrepreneur that the investor is investing in."

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8 Funding Alternatives to Consider for Your Startup

8 Funding Alternatives to Consider for Your Startup | Pitch it! | Scoop.it

When it comes to funding your startup, you may not know where to start. These funding alternatives, from credit cards to angel investors, are great options.

While you could certainly seek out a small business loan, micro loan or other program designed to get you the capital you need, there are other viable funding alternatives to get your business up and running.

When it comes to funding your startup, you may not know exactly where to start. While you could certainly seek out a small business loan, microloan or other program designed to get you the capital you need, there are other viable funding alternatives to get your business up and running.

Should you be looking for funding, the following finance options are a great place to start: Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

Marc Kneepkens's insight:

Lot of options to find #funding for your #startup.

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12 KPIs you must know before pitching your startup

12 KPIs you must know before pitching your startup | Pitch it! | Scoop.it

It is critically important for the founders of a company to intimately understand the company’s key performance indicators (KPIs). Founders cannot hope to grow a company in any meaningful way without an almost obsessive focus on its KPIs.

Why? Because KPIs, if constructed correctly, give management and potential investors a cold, analytical snapshot of the state of the company, untainted by emotion or rhetoric. This focus must not be limited to the KPIs themselves, for they are merely measurements of outcomes. We look for founders to have an understanding of what levers can be pulled and what tweaks can be made to improve the business, which will then be reflected in its KPIs. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

Marc Kneepkens's insight:

Founders cannot hope to grow a company in any meaningful way without an almost obsessive focus on its KPIs.

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How to Give a Keynote Speech That Everyone Will Remember

How to Give a Keynote Speech That Everyone Will Remember | Pitch it! | Scoop.it

People respond to passion.

Every keynote you do is an honor. Understanding this is the first, and most important, rule. Even when I have a busy week doing three keynotes in one city, or in three cities for that matter, I am acutely aware that my stepping onto each stage is the result of a group of organizers, and a hopeful audience, looking to me for deliverables.

So my job as keynote speaker is to make sure they get what they came for -- and more. That means knowing about them, the organization, the reason they're there. It means knowing the ethos and goals of the group. It also means knowing what else they're hearing from other speakers that day. Read more: click image or title.

 

 

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

FREE Business Plan Template here: http://bit.l/1aKy7km


Via Anita
Marc Kneepkens's insight:

The art of the #Keynote #speech

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Anita's curator insight, January 13, 1:19 PM
Someone we all should know how to do well.
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GM taps 500 Startups to find early-stage investments in upcoming classes

GM taps 500 Startups to find early-stage investments in upcoming classes | Pitch it! | Scoop.it

GM has made a number of big acquisitions and investments in the past few years. It picked up self-driving company Cruise earlier this year and dropped $500.

GM has made a number of big acquisitions and investments in the past few years. It picked up self-driving company Cruise earlier this year and dropped $500 million into Lyft, Uber’s biggest competitor. For the most part, GM acknowledges that it needs to figure out how to tap into new aspects of the automotive experience, CTO Jon Lauckner said.

But all these companies start somewhere. And GM is looking to find them early on in addition to the big investments they already make. So GM is now going to work with 500 Startups to track down a batch of companies within each class in order to continue to expand its touch-points beyond the areas it’s currently working. Read more: click image or title.

 

Growthink teaches how to FUND,build, grow, and sell a great business: http://bit.ly/2hn5ROb

FREE Business Plan Template here: http://bit.l/1aKy7km

“Rather than the typical client/vendor relationship I'm used to, Growthink has been more like a strategic partner and trusted advisor. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. They have exceeded my expectations in every way possible during this exciting but uncertain time of starting & ultimately growing my business.”

Jerry D. Erickson

President/CEO

FryBrid Cars

Marc Kneepkens's insight:

#500Startups is very dynamic and creative. They are active all over the world and in many different ways, making all kinds of alliances.

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Richard Branson: Here's how to get anyone to listen to your idea

Richard Branson: Here's how to get anyone to listen to your idea | Pitch it! | Scoop.it
If you want the self-made billionaire to hear you out, keep things concise.

If you want to get Virgin Group founder Richard Branson to listen to your idea, keep the pitch short and sweet.

"The pitches that I remember, and resulted in support and investment, were the ones where the idea could have fitted on the back of an envelope," the billionaire entrepreneur writes in a post on Virgin's website.

A common mistake Branson sees during pitches is repetition. Presenters tend to make their point and then proceed to repeat it over and over.

 

"If you want to get your message across, be engaging, concise and to the point," he advises. "Then, when you are done saying what you have to say, stop saying it."

This idea extends to life in general. Redundancy not only results in dry pitches, but also in dry conversation, Branson says: "There is nothing worse than sitting next to an enthusiastic person who repeats their same point time and again." Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km


Via Enzo Calamo
Marc Kneepkens's insight:

Sweet: keep it concise and don't repeat yourself over and over again. 

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10 Things You Must Do Before Connecting With Investors

10 Things You Must Do Before Connecting With Investors | Pitch it! | Scoop.it
There are no shortcuts to building a solid network of engaged investors.

The majority of entrepreneurs have one thing in common: They're totally in love with their company and their product. They are passionate, enthusiastic and optimistic. They can’t wait to tell everyone how their idea or product is going to change the world. Before that can happen, though, entrepreneurs need to spend some time thinking about what motivates the people who will help fuel the jet engine. 

During my decades of raising capital and running startups, I've learned a few things about preparing for investor meetings. If you're lining up appointments with people who have the potential to write big checks, I recommend you make your way down this full list. Following these guidelines will help you secure funding and build valuable partnerships. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

 

Marc Kneepkens's insight:

Do this and increase your chances to get #funding

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Marc Kneepkens's curator insight, December 21, 2016 3:25 PM

The first impression is just the start, make sure you have all of these 10 points figured out.

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Silicon Valley Etiquette

Silicon Valley Etiquette | Pitch it! | Scoop.it
Manners Matter.

 

“During the 17th century, in France, manners became a political issue. King Louis XIV and his predecessors, in collecting together the nobility of France to live with the sovereign at Versailles, instituted a sort of school of manners.
At the palace, the courtiers lived under the despotic surveillance of the King. If you displeased a Louis, he would simply “not see you” the following day. And not being “seen” by the King was tantamount to ceasing to count, at Versailles.

The new manners — both the formal rules of protocol and precedence and the unspoken, more profoundly enculturated rules like table manners — were seen increasingly as ways in which one did not offend other people. You were controlling yourself, so as to prevent other people from being disgusted or shocked.”  Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

or "Done for You Business Plan": http://bit.ly/12KAGmM

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

Great story comparing manners at the French court of King Louis XIV with nowadays Silicon Valley's way of doing this. A lot makes sense though, like 'being on time'. etc. 

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Let’s face it, it’s time to upgrade the Pitch Deck to a Pitch Video

Let’s face it, it’s time to upgrade the Pitch Deck to a Pitch Video | Pitch it! | Scoop.it

When founders get connected to investors, they are often asked to send the deck ahead of the meeting. We’ve written here why sending the decks, especially before the first meeting, is generally not a good idea.

Startup founders cannot be defined by their decks.

The main issue with a pitch deck is that it is subject to misinterpretation. Investors get a lot of decks and they tend to skim and glance over them.

The founders aren’t able to tell their story, because they aren’t present.

The second issue with decks is that it is hard to capture the passion and the personality of the founders. Sure, a deck can have a creative design, but that’s not the same as hearing the founder talk about the business.

The third issue is that decks are flat.

Decks are just text.

In a world where everything is video/3D, the investor pitch decks are still bits of flat text.

What if, instead of sending a deck, the founders sent a 3-4 minute video walking the investor through the deck?

Having the founder narrate the deck seems like a simple idea that should solve for all the issues above. That’s why we are encouraging the founders in our Techstars NYC Summer 2016 class to do just that.

Let’s take a look at how it turned out. Compare going through this pitch deck from LeBlum: Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

or "Done for You Business Plan": http://bit.ly/12KAGmM

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

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Crafting Your Story to Pitch Your Great Idea

Crafting Your Story to Pitch Your Great Idea | Pitch it! | Scoop.it
Once you've finally come up with that brilliant idea, here's a way to get people excited about it.

If coming up with a brilliant idea is hard, getting people to agree with you can prove just as difficult. 

"We operate under this assumption that the world will magically see how great our idea is, but great ideas get rejected all the time," said David Burkus, author of The Myths of Creativity: The Truth About How Innovative Companies and People Generate Great Ideas. 

Burkus, who also teaches creativity and innovation courses at Oral Roberts University, spoke to Money Talking host Charlie Herman about how to recognize and pitch great ideas.

He suggested a five criteria checklist for structuring a pitch or judging which idea to invest time in. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km


Via Karen Dietz, Marc Kneepkens
Marc Kneepkens's insight:

StoryTelling insights to 'wow' your public.

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Karen Dietz's curator insight, September 9, 2016 11:16 AM

Here's a fab post about how to formulate your story when you are getting to pitch your idea. But don't get stuck on the word 'pitch'. Think any presentation where you want to influence people:

  1. Selling your project across the organization
  2. Project reports when a decision or action is a desired outcome
  3. Sales presentations to alliances or prospects
  4. Anytime you need to raise funds or gain resources

 

What I really like about this article is that it's not a formula per se, but a way to think about your presentation and get your thoughts organized. That's the hard part, really.

 

Once you get these 5 points down, it will be easy to put together your presentation. Story on!

 

This review was written by Karen Dietz for her curated content on business storytelling at www.scoop.it/t/just-story-it. Follow her on Twitter @kdietz

Marc Kneepkens's curator insight, September 9, 2016 3:19 PM

Storytellers share how to #pitch your #idea to get people excited.