Page 177 - Demo

Be prepared to dive deep %u2013 as much as possible at this stage %u2013 into thefollowing business aspects of your entrepreneurial idea:%u25aa Go-to-market strategy %u2013 outline your go-to-market strategy, including yourmarketing and sales approach. Describe how you plan to reach and acquirecustomers effectively;%u25aa Financial projections %u2013 present financial projections for the next few years,including revenue forecasts, expenses, and expected profitability. Be realisticand transparent in your estimates;%u25aa Risk analysis and mitigation %u2013 acknowledge potential risks and challengesassociated with your venture and demonstrate how you plan to mitigate them.Investors appreciate a well-thought-out risk management strategy;%u25aa Be ready to ask for funding and investment terms %u2013 clearly state theamount of funding you are seeking and the equity or return on investment youare offering in return. Be specific about how the investment will be used togrow the business.Be cool and prepared by:%u25aa Practising and refining %u2013 practise your pitch multiple times to ensure it flowssmoothly and fits within the allocated time. Seek feedback from mentors,peers, or advisors and make the necessary refinements;%u25aa Having confidence and passion %u2013 during the actual pitch, speak confidentlyand passionately about your idea. Show genuine enthusiasm for your ventureand its potential impact.Think about preparing for the Q&A by: %u25aa Anticipating potential questions from the jury and investors and preparingthoughtful answers. Be ready to provide more details about your idea, marketresearch, team, and financials;Staying calm and engaged %u2013 during the Q&A session, stay calm and engagewith the audience, listen carefully to their questions and respond clearly andconcisely.Remember, a successful pitch not only communicates the value of yourentrepreneurial idea, but also showcases your ability to execute the planeffectively. Practice, preparation, and passion are key elements to making alasting impression on the jury and potential investors. Good luck!1775.1 Instructions for Making a Pitch