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Pitch Day: 5 tips not to scare off Investors


Some entrepreneurs don't know that they are actually holding up this sign that says "Do not invest in my idea" ๐Ÿ˜ฎ

So here are 5 tips to avoid:

[DISCLAIMERโ›”] This is staight talk so sensitive entrepreneurs should avoid reading ๐Ÿ˜ฅ

(1) Be prepared to support any claims๐Ÿ’ช๐Ÿฝ๐Ÿ’ช๐Ÿฝ:

Wild claims and crazy guarantees about your business and ridiculous financial projections in your pitch makes you look like Bernie Madoff, plus the experts see right through it. Cut it out! . (2) Be passionate about your business ๐Ÿ”ฅ๐Ÿ”ฅ:

This is not the time to be passive about the business idea or the potential benefit to customers. Also you can't have a low energy day, drink a redbull! (3) Be prepared with your numbers ๐Ÿ’ฐ๐Ÿ“ˆ:

So you are talking to potential investors about funding and you don't have a handle on the current financial affairs of your business (expenses, costs of operations, future financial strategy etc.)? You are scaring the investors at this point ๐Ÿ˜, Pack up your presentation and go home! (4) Be knowledgeable about your potential customers ๐Ÿง•๐Ÿง”๐Ÿ‘ฑโ€โ™‚๏ธ๐Ÿ‘ฑ๐Ÿพโ€โ™€๏ธ๐Ÿ‘ฆ๐Ÿพ:

So you pitch the idea but you don't know who your customers are and you can't talk in depth about your target market? Unless you are selling water in hell, you have lost everyone!

(5) Be ready with a qualified team๐Ÿ‘จ๐Ÿฝโ€๐Ÿ’ผ๐Ÿ‘จ๐Ÿผโ€๐Ÿ’ผ๐Ÿ‘ฉ๐Ÿพโ€๐Ÿ’ผ๐Ÿ‘ฉโ€๐Ÿ”ง:

So you are planning to show up to investors with no experienced professional? You better take on an expert in whatever area you are weakest (financial, investing, business, etc.) If you don't take a qualified team member with you, make sure you have rehearsed strategy and key numbers with them in advance.

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